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Gold Road Resources (ASX:GOR) Cyclically Adjusted Price-to-FCF : (As of Jun. 01, 2024)


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What is Gold Road Resources Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gold Road Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gold Road Resources's Cyclically Adjusted Price-to-FCF 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.

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Gold Road Resources Cyclically Adjusted Price-to-FCF Chart

Gold Road Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Gold Road Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Gold Road Resources's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Gold Road Resources'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.


Gold Road Resources's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

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



Gold Road Resources Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Gold Road Resources's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Gold Road Resources's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.141/126.3989*126.3989
=0.141

Current CPI (Dec23) = 126.3989.

Gold Road Resources Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.026 98.352 -0.033
201506 -0.039 99.838 -0.049
201606 -0.045 100.859 -0.056
201706 -0.169 102.809 -0.208
201812 -0.237 105.967 -0.283
201912 -0.008 107.917 -0.009
202012 0.110 108.846 0.128
202112 0.032 112.654 0.036
202212 0.082 121.477 0.085
202312 0.141 126.399 0.141

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


Gold Road Resources  (ASX:GOR) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Gold Road Resources Cyclically Adjusted Price-to-FCF Related Terms

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Gold Road Resources (ASX:GOR) Business Description

Traded in Other Exchanges
Address
26 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005
Gold Road Resources Ltd together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company operates in three reportable segments that are Operations, Exploration, and Unallocated, out of which the majority of the revenue is generated from the Operations segment.

Gold Road Resources (ASX:GOR) Headlines

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