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Dundee (TSX:DC.A) Cyclically Adjusted FCF per Share : C$-0.85 (As of Mar. 2024)


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What is Dundee Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Dundee's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$-0.053. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is C$-0.85 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -3.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Dundee was 30.70% per year. The lowest was -66.80% per year. And the median was -2.20% per year.

As of today (2024-06-10), Dundee's current stock price is C$1.32. Dundee's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$-0.85. Dundee's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Dundee was 26.80. The lowest was 4.87. And the median was 13.95.


Dundee Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Dundee's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Dundee Cyclically Adjusted FCF per Share Chart

Dundee Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.28 -0.72 -1.16 -1.30 -0.79

Dundee Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.23 -1.03 -0.95 -0.79 -0.85

Competitive Comparison of Dundee's Cyclically Adjusted FCF per Share

For the Other Precious Metals & Mining subindustry, Dundee's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dundee's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Dundee's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Dundee's Cyclically Adjusted Price-to-FCF falls into.



Dundee Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Dundee's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.053/126.2576*126.2576
=-0.053

Current CPI (Mar. 2024) = 126.2576.

Dundee Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -3.127 99.473 -3.969
201409 -0.836 99.394 -1.062
201412 0.615 98.367 0.789
201503 -2.069 99.789 -2.618
201506 -0.973 100.500 -1.222
201509 0.535 100.421 0.673
201512 -0.401 99.947 -0.507
201603 0.004 101.054 0.005
201606 1.213 102.002 1.501
201609 0.186 101.765 0.231
201612 0.150 101.449 0.187
201703 -0.477 102.634 -0.587
201706 0.096 103.029 0.118
201709 0.191 103.345 0.233
201712 0.041 103.345 0.050
201803 -0.330 105.004 -0.397
201806 -0.204 105.557 -0.244
201809 -0.081 105.636 -0.097
201812 -0.221 105.399 -0.265
201903 -0.113 106.979 -0.133
201906 -0.124 107.690 -0.145
201909 -0.031 107.611 -0.036
201912 -0.153 107.769 -0.179
202003 -0.146 107.927 -0.171
202006 -0.016 108.401 -0.019
202009 -0.031 108.164 -0.036
202012 -0.012 108.559 -0.014
202103 0.002 110.298 0.002
202106 -0.045 111.720 -0.051
202109 0.010 112.905 0.011
202112 -0.089 113.774 -0.099
202203 -0.027 117.646 -0.029
202206 -0.103 120.806 -0.108
202209 -0.063 120.648 -0.066
202212 -0.050 120.964 -0.052
202303 -0.056 122.702 -0.058
202306 -0.056 124.203 -0.057
202309 -0.034 125.230 -0.034
202312 -0.025 125.072 -0.025
202403 -0.053 126.258 -0.053

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Dundee  (TSX:DC.A) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Dundee was 26.80. The lowest was 4.87. And the median was 13.95.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Dundee Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Dundee's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Dundee (TSX:DC.A) Business Description

Industry
Address
80 Richmond Street West, Suite 2000, Corporate Legal, Toronto, ON, CAN, M5H 2A4
Dundee Corp is a public Canadian independent holding company. Through its operating subsidiaries, Dundee is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than thirty years of experience making accretive mining investments.

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