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Newmont (FRA:NMM) Cyclically Adjusted Price-to-FCF : 16.64 (As of May. 17, 2024)


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What is Newmont Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Newmont's current share price is €39.26. Newmont's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.36. Newmont's Cyclically Adjusted Price-to-FCF for today is 16.64.

The historical rank and industry rank for Newmont's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:NMM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.66   Med: 37.45   Max: 154.88
Current: 16.99

During the past years, Newmont's highest Cyclically Adjusted Price-to-FCF was 154.88. The lowest was 12.66. And the median was 37.45.

FRA:NMM's Cyclically Adjusted Price-to-FCF is ranked better than
59.59% of 245 companies
in the Metals & Mining industry
Industry Median: 22.07 vs FRA:NMM: 16.99

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.

Newmont's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.059. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €2.36 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Newmont Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Newmont'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.

* Premium members only.

Newmont Cyclically Adjusted Price-to-FCF Chart

Newmont Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.69 38.41 34.33 20.72 16.77

Newmont Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 21.03 17.43 14.72 16.77 14.22

Competitive Comparison of Newmont's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Newmont'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.


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

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

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



Newmont 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.

Newmont's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=39.26/2.36
=16.64

* 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.

Newmont's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Newmont'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)
=-0.059/131.7762*131.7762
=-0.059

Current CPI (Mar. 2024) = 131.7762.

Newmont Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.178 100.560 0.233
201409 0.073 100.428 0.096
201412 0.463 99.070 0.616
201503 0.630 99.621 0.833
201506 0.204 100.684 0.267
201509 0.886 100.392 1.163
201512 -0.259 99.792 -0.342
201603 0.416 100.470 0.546
201606 0.825 101.688 1.069
201609 0.981 101.861 1.269
201612 0.581 101.863 0.752
201703 0.335 102.862 0.429
201706 0.564 103.349 0.719
201709 0.457 104.136 0.578
201712 0.685 104.011 0.868
201803 0.049 105.290 0.061
201806 0.226 106.317 0.280
201809 0.242 106.507 0.299
201812 0.774 105.998 0.962
201903 0.573 107.251 0.704
201906 -0.093 108.070 -0.113
201909 0.401 108.329 0.488
201912 0.850 108.420 1.033
202003 0.680 108.902 0.823
202006 0.424 108.767 0.514
202009 1.369 109.815 1.643
202012 1.314 109.897 1.576
202103 0.463 111.754 0.546
202106 0.600 114.631 0.690
202109 0.793 115.734 0.903
202112 0.952 117.630 1.066
202203 0.294 121.301 0.319
202206 0.624 125.017 0.658
202209 -0.071 125.227 -0.075
202212 0.431 125.222 0.454
202303 -0.053 127.348 -0.055
202306 0.055 128.729 0.056
202309 0.470 129.860 0.477
202312 -0.285 129.419 -0.290
202403 -0.059 131.776 -0.059

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.


Newmont  (FRA:NMM) 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.


Newmont Cyclically Adjusted Price-to-FCF Related Terms

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


Newmont (FRA:NMM) Business Description

Industry
Address
6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.

Newmont (FRA:NMM) Headlines

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