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Kennametal (STU:KM3) Cyclically Adjusted Price-to-FCF : 15.10 (As of May. 28, 2024)


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What is Kennametal Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Kennametal's current share price is €22.80. Kennametal's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.51. Kennametal's Cyclically Adjusted Price-to-FCF for today is 15.10.

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

STU:KM3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.75   Med: 19.1   Max: 33.98
Current: 15.02

During the past years, Kennametal's highest Cyclically Adjusted Price-to-FCF was 33.98. The lowest was 8.75. And the median was 19.10.

STU:KM3's Cyclically Adjusted Price-to-FCF is ranked better than
80.84% of 1018 companies
in the Industrial Products industry
Industry Median: 33.49 vs STU:KM3: 15.02

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.

Kennametal's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.558. 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 €1.51 for the trailing ten years ended in Mar. 2024.

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 14.82

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 Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.80/1.51
=15.10

* 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.

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)
=0.558/131.7762*131.7762
=0.558

Current CPI (Mar. 2024) = 131.7762.

Kennametal Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.804 100.560 1.054
201409 0.196 100.428 0.257
201412 0.618 99.070 0.822
201503 0.714 99.621 0.944
201506 1.216 100.684 1.592
201509 0.017 100.392 0.022
201512 0.482 99.792 0.636
201603 0.210 100.470 0.275
201606 0.553 101.688 0.717
201609 -0.208 101.861 -0.269
201612 -0.037 101.863 -0.048
201703 0.121 102.862 0.155
201706 0.964 103.349 1.229
201709 -0.633 104.136 -0.801
201712 0.444 104.011 0.563
201803 0.690 105.290 0.864
201806 0.557 106.317 0.690
201809 -0.351 106.507 -0.434
201812 0.079 105.998 0.098
201903 0.405 107.251 0.498
201906 0.814 108.070 0.993
201909 -0.488 108.329 -0.594
201912 -0.168 108.420 -0.204
202003 0.005 108.902 0.006
202006 0.423 108.767 0.512
202009 -0.303 109.815 -0.364
202012 0.278 109.897 0.333
202103 0.461 111.754 0.544
202106 0.619 114.631 0.712
202109 -0.020 115.734 -0.023
202112 0.232 117.630 0.260
202203 0.139 121.301 0.151
202206 0.589 125.017 0.621
202209 -0.495 125.227 -0.521
202212 0.489 125.222 0.515
202303 0.611 127.348 0.632
202306 1.235 128.729 1.264
202309 -0.071 129.860 -0.072
202312 0.422 129.419 0.430
202403 0.558 131.776 0.558

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  (STU:KM3) 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 (STU:KM3) 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.

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