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UPM-Kymmene Oyj (OHEL:UPM) Cyclically Adjusted Price-to-FCF : 23.18 (As of May. 14, 2024)


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What is UPM-Kymmene Oyj Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), UPM-Kymmene Oyj's current share price is €34.30. UPM-Kymmene Oyj's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.48. UPM-Kymmene Oyj's Cyclically Adjusted Price-to-FCF for today is 23.18.

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

OHEL:UPM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.55   Med: 16.18   Max: 32.7
Current: 23.26

During the past years, UPM-Kymmene Oyj's highest Cyclically Adjusted Price-to-FCF was 32.70. The lowest was 6.55. And the median was 16.18.

OHEL:UPM's Cyclically Adjusted Price-to-FCF is ranked worse than
62.31% of 130 companies
in the Forest Products industry
Industry Median: 17.105 vs OHEL:UPM: 23.26

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.

UPM-Kymmene Oyj's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.371. 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 €1.48 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


UPM-Kymmene Oyj Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for UPM-Kymmene Oyj'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.

UPM-Kymmene Oyj Cyclically Adjusted Price-to-FCF Chart

UPM-Kymmene Oyj 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 17.20 18.19 22.03 26.60 22.92

UPM-Kymmene Oyj 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 21.85 18.74 21.96 22.92 20.84

Competitive Comparison of UPM-Kymmene Oyj's Cyclically Adjusted Price-to-FCF

For the Paper & Paper Products subindustry, UPM-Kymmene Oyj'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.


UPM-Kymmene Oyj's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, UPM-Kymmene Oyj's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



UPM-Kymmene Oyj 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.

UPM-Kymmene Oyj's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=34.30/1.48
=23.18

* 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.

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

For example, UPM-Kymmene Oyj'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)
=0.371/121.2200*121.2200
=0.371

Current CPI (Mar. 2024) = 121.2200.

UPM-Kymmene Oyj Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.205 100.147 0.248
201409 0.374 100.726 0.450
201412 0.674 100.229 0.815
201503 0.049 100.120 0.059
201506 0.397 100.030 0.481
201509 0.440 100.130 0.533
201512 0.525 99.990 0.636
201603 0.491 100.080 0.595
201606 0.635 100.390 0.767
201609 0.759 100.540 0.915
201612 0.617 101.020 0.740
201703 0.619 100.910 0.744
201706 0.403 101.140 0.483
201709 0.761 101.320 0.910
201712 0.566 101.510 0.676
201803 0.272 101.730 0.324
201806 0.437 102.320 0.518
201809 0.609 102.600 0.720
201812 0.516 102.710 0.609
201903 0.441 102.870 0.520
201906 0.664 103.360 0.779
201909 0.776 103.540 0.909
201912 0.829 103.650 0.970
202003 -0.092 103.490 -0.108
202006 -0.075 103.320 -0.088
202009 0.341 103.710 0.399
202012 0.169 103.890 0.197
202103 -0.107 104.870 -0.124
202106 -0.191 105.360 -0.220
202109 -0.088 106.290 -0.100
202112 -0.124 107.490 -0.140
202203 -0.602 110.950 -0.658
202206 -2.342 113.570 -2.500
202209 -1.048 114.920 -1.105
202212 2.177 117.320 2.249
202303 0.773 119.750 0.782
202306 0.308 120.690 0.309
202309 0.643 121.280 0.643
202312 0.504 121.220 0.504
202403 0.371 121.220 0.371

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.


UPM-Kymmene Oyj  (OHEL:UPM) 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.


UPM-Kymmene Oyj Cyclically Adjusted Price-to-FCF Related Terms

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


UPM-Kymmene Oyj (OHEL:UPM) Business Description

Industry
Traded in Other Exchanges
Address
Alvar Aallon katu 1, P.O. Box 380, Helsinki, FIN, FI-00100
UPM-Kymmene Oyj is a Finnish paper and biomaterials company. The company produces products related to the forestry industry including paper, pulp, and plywood. UPM is also a major electricity generator in Finland and is one of the global producers of self-adhesive labeling materials. It delivers responsible solutions and innovation for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, and UPM Plywood. Geographically, the company has operational footprints in Sweden, Finland, the Netherlands, and other regions.

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