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Horizonte Minerals (LSE:HZM) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is Horizonte Minerals Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Horizonte Minerals Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Horizonte Minerals'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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Horizonte Minerals Cyclically Adjusted Price-to-FCF Chart

Horizonte Minerals Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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Horizonte Minerals Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23
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Competitive Comparison of Horizonte Minerals's Cyclically Adjusted Price-to-FCF

For the Other Industrial Metals & Mining subindustry, Horizonte Minerals'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.


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

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

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



Horizonte Minerals 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.

Horizonte Minerals's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Horizonte Minerals's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=0/129.4000*129.4000
=0.000

Current CPI (Jun. 2023) = 129.4000.

Horizonte Minerals Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201306 -0.085 98.000 -0.112
201309 -0.066 98.700 -0.087
201312 -0.080 99.200 -0.104
201403 -0.038 99.300 -0.050
201406 -0.047 99.800 -0.061
201409 -0.022 100.000 -0.028
201412 -0.031 99.900 -0.040
201503 -0.056 99.600 -0.073
201506 -0.043 100.100 -0.056
201509 -0.022 100.200 -0.028
201512 -0.016 100.400 -0.021
201603 -0.018 100.400 -0.023
201606 -0.015 101.000 -0.019
201609 -0.014 101.500 -0.018
201612 -0.009 102.200 -0.011
201703 -0.024 102.700 -0.030
201706 -0.035 103.500 -0.044
201709 -0.028 104.300 -0.035
201712 -0.024 105.000 -0.030
201803 -0.018 105.100 -0.022
201806 -0.016 105.900 -0.020
201809 -0.015 106.600 -0.018
201812 -0.020 107.100 -0.024
201903 -0.016 107.000 -0.019
201906 -0.015 107.900 -0.018
201909 -0.017 108.400 -0.020
201912 -0.046 108.500 -0.055
202003 -0.024 108.600 -0.029
202006 -0.022 108.800 -0.026
202009 -0.019 109.200 -0.023
202012 -0.039 109.400 -0.046
202103 -0.027 109.700 -0.032
202106 -0.068 111.400 -0.079
202109 -0.047 112.400 -0.054
202112 -0.016 114.700 -0.018
202203 -0.188 116.500 -0.209
202206 -0.169 120.500 -0.181
202209 -0.277 122.300 -0.293
202212 -0.176 125.300 -0.182
202306 0.000 129.400 0.000

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.


Horizonte Minerals  (LSE:HZM) 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.


Horizonte Minerals Cyclically Adjusted Price-to-FCF Related Terms

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Horizonte Minerals (LSE:HZM) Business Description

Traded in Other Exchanges
Address
4-12 Regents Street, Rex House, London, GBR, SW1Y 4RG
Horizonte Minerals PLC is a United Kingdoms based identification, acquisition, exploration, and development of mineral projects. It engaged in nickel development and mainly focuses on Brazil. It owns and operates the Araguaia Nickel Laterite project located south of the Carajas mining district, northeast Brazil, and the Vermelho Nickel-Cobalt project located in the Carajas region, north-eastern Brazil. The nickel produced by the company is used in stainless steel and electric vehicles. It is principally developing Araguaia as the next nickel mine in Brazil.

Horizonte Minerals (LSE:HZM) Headlines

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