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Novolipetsk Steel PJSC (CHIX:NLMKL) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is Novolipetsk Steel PJSC Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Novolipetsk Steel PJSC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Novolipetsk Steel PJSC'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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Novolipetsk Steel PJSC Cyclically Adjusted Price-to-FCF Chart

Novolipetsk Steel PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted Price-to-FCF
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Novolipetsk Steel PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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Competitive Comparison of Novolipetsk Steel PJSC's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Novolipetsk Steel PJSC'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.


Novolipetsk Steel PJSC's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Novolipetsk Steel PJSC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Novolipetsk Steel PJSC 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.

Novolipetsk Steel PJSC's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2021 is calculated as:

For example, Novolipetsk Steel PJSC's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2021 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2021 (Change)*Current CPI (Dec. 2021)
=1.395/207.2000*207.2000
=1.395

Current CPI (Dec. 2021) = 207.2000.

Novolipetsk Steel PJSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201203 0.242 111.700 0.449
201206 -0.248 113.600 -0.452
201209 0.563 115.700 1.008
201212 0.063 117.300 0.111
201303 0.179 119.500 0.310
201306 0.164 121.400 0.280
201309 0.206 122.800 0.348
201312 0.414 124.900 0.687
201403 0.451 127.800 0.731
201406 0.780 130.900 1.235
201409 0.477 132.700 0.745
201412 0.366 139.000 0.546
201503 0.623 149.400 0.864
201506 0.348 150.900 0.478
201509 0.631 153.500 0.852
201512 0.112 157.000 0.148
201603 0.502 160.200 0.649
201606 0.266 162.200 0.340
201609 0.815 163.300 1.034
201612 0.319 165.400 0.400
201703 0.357 167.000 0.443
201706 0.568 169.200 0.696
201709 0.906 168.200 1.116
201712 0.351 169.600 0.429
201803 1.011 171.000 1.225
201806 0.494 173.100 0.591
201809 1.078 173.900 1.284
201812 0.860 176.800 1.008
201903 1.122 179.900 1.292
201906 0.446 181.200 0.510
201909 0.420 180.800 0.481
201912 0.586 182.200 0.666
202003 0.549 184.500 0.617
202006 0.549 187.000 0.608
202009 0.412 187.400 0.456
202012 0.419 191.100 0.454
202103 0.766 195.200 0.813
202106 1.482 199.100 1.542
202109 1.862 201.300 1.917
202112 1.395 207.200 1.395

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.


Novolipetsk Steel PJSC  (CHIX:NLMKl) 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.


Novolipetsk Steel PJSC Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Novolipetsk Steel PJSC's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Novolipetsk Steel PJSC (CHIX:NLMKL) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2, Metallurgov Sq., Lipetsk, RUS, 398040
Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

Novolipetsk Steel PJSC (CHIX:NLMKL) Headlines

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