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Kennametal (Kennametal) Cyclically Adjusted Price-to-FCF : (As of May. 14, 2024)


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What is Kennametal Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kennametal Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kennametal'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.

Kennametal Cyclically Adjusted Price-to-FCF Chart

Kennametal Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.34 16.47 20.52 13.42 17.14

Kennametal 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 16.46 17.14 15.25 15.68 -

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

For the Tools & Accessories subindustry, Kennametal'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.


Kennametal's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kennametal's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kennametal 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.

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

For example, Kennametal'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)
=0.606/129.4194*129.4194
=0.606

Current CPI (Mar. 2024) = 129.4194.

Kennametal Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.093 100.560 1.407
201409 0.252 100.428 0.325
201412 0.763 99.070 0.997
201503 0.772 99.621 1.003
201506 1.365 100.684 1.755
201509 0.019 100.392 0.024
201512 0.525 99.792 0.681
201603 0.234 100.470 0.301
201606 0.622 101.688 0.792
201609 -0.234 101.861 -0.297
201612 -0.039 101.863 -0.050
201703 0.130 102.862 0.164
201706 1.084 103.349 1.357
201709 -0.755 104.136 -0.938
201712 0.526 104.011 0.654
201803 0.851 105.290 1.046
201806 0.651 106.317 0.792
201809 -0.409 106.507 -0.497
201812 0.090 105.998 0.110
201903 0.457 107.251 0.551
201906 0.919 108.070 1.101
201909 -0.538 108.329 -0.643
201912 -0.187 108.420 -0.223
202003 0.005 108.902 0.006
202006 0.476 108.767 0.566
202009 -0.357 109.815 -0.421
202012 0.338 109.897 0.398
202103 0.548 111.754 0.635
202106 0.746 114.631 0.842
202109 -0.024 115.734 -0.027
202112 0.262 117.630 0.288
202203 0.153 121.301 0.163
202206 0.622 125.017 0.644
202209 -0.490 125.227 -0.506
202212 0.518 125.222 0.535
202303 0.655 127.348 0.666
202306 1.338 128.729 1.345
202309 -0.075 129.860 -0.075
202312 0.461 129.419 0.461
202403 0.606 129.419 0.606

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.


Kennametal  (NYSE:KMT) 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.


Kennametal Cyclically Adjusted Price-to-FCF Related Terms

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


Kennametal (Kennametal) Business Description

Industry
Traded in Other Exchanges
Address
525 William Penn Place, Suite 3300, Pittsburgh, PA, USA, 15219
Kennametal Inc is a manufacturer of metalworking tools and wear-resistant engineered components and coatings. The company operates in two business segments: Metal Cutting and infrastructure. It generates maximum revenue from the Metal Cutting segment. The Metal Cutting segment develops and manufactures high performance tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including aerospace, general engineering, energy, and transportation. Geographically, it derives a majority of revenue from the United States.
Executives
William J. Harvey director 26 PHEASANT'S RIDGE SOUTH, GREENVILLE DE 19807
Cindy L Davis director 2635 SW GRENWOLDE PLACE, PORTLAND OR 97201
William M Lambert director C/O MSA SAFETY, 1000 CRANBERRY WOODS DRIVE, CRANBERRY TWP PA 16066
Joseph Alvarado director 705 N. BAR Y ROAD, P.O. BOX 11368, JACKSON WY 83002
Christopher Rossi officer: President and CEO C/O KENNAMETAL INC., 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
John Wayne Witt officer: Vice President 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219
Sanjay Chowbey officer: Vice President 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219
Franklin Cardenas officer: Vice President 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219
Steven H Wunning director 471 EAST HIGH POINT DRIVE, PEORIA IL 61614
Lorraine M Martin director 1121 SPRING LAKE DRIVE, ITASCA IL 60143
Paul Sternlieb director 70 WEST MADISON SUITE 4400, CHICAGO IL 60602
Judith L Bacchus officer: Vice President 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
Patrick S Watson officer: Vice President 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
Ronald L Port officer: Vice President 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
Lawrence W Stranghoener director 2035 KIMBERLY COURT, PLYMOUTH MN 55447