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Ternium (STU:T5Z) Cyclically Adjusted Price-to-FCF : 7.27 (As of Jun. 02, 2024)


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What is Ternium Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), Ternium's current share price is €38.60. Ternium's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.31. Ternium's Cyclically Adjusted Price-to-FCF for today is 7.27.

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

STU:T5Z' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.78   Med: 9.76   Max: 22.6
Current: 7.47

During the past years, Ternium's highest Cyclically Adjusted Price-to-FCF was 22.60. The lowest was 4.78. And the median was 9.76.

STU:T5Z's Cyclically Adjusted Price-to-FCF is ranked better than
77.95% of 263 companies
in the Steel industry
Industry Median: 13.43 vs STU:T5Z: 7.47

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.

Ternium's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.123. 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 €5.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ternium Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ternium'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.

Ternium Cyclically Adjusted Price-to-FCF Chart

Ternium 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 10.01 11.38 11.62 6.06 7.56

Ternium 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 7.84 7.49 7.13 7.56 7.20

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

For the Steel subindustry, Ternium'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.


Ternium's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ternium's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ternium 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=38.60/5.31
=7.27

* 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.

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

For example, Ternium'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)
=0.123/122.5900*122.5900
=0.123

Current CPI (Mar. 2024) = 122.5900.

Ternium Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.385 99.960 -0.472
201409 0.763 99.900 0.936
201412 0.412 98.830 0.511
201503 1.130 99.980 1.386
201506 1.321 100.640 1.609
201509 0.618 100.380 0.755
201512 0.887 99.910 1.088
201603 0.639 100.030 0.783
201606 1.049 100.660 1.278
201609 0.524 100.750 0.638
201612 0.858 101.040 1.041
201703 0.009 101.780 0.011
201706 -0.353 102.170 -0.424
201709 0.619 102.520 0.740
201712 -0.406 102.410 -0.486
201803 0.371 102.900 0.442
201806 1.773 103.650 2.097
201809 1.484 104.580 1.740
201812 1.715 104.320 2.015
201903 1.197 105.140 1.396
201906 -0.027 105.550 -0.031
201909 1.158 105.900 1.341
201912 0.392 106.080 0.453
202003 0.854 106.040 0.987
202006 1.777 106.340 2.049
202009 1.682 106.620 1.934
202012 0.981 106.670 1.127
202103 0.848 108.140 0.961
202106 1.974 108.680 2.227
202109 2.057 109.470 2.304
202112 4.568 111.090 5.041
202203 2.625 114.780 2.804
202206 -0.800 116.750 -0.840
202209 4.620 117.000 4.841
202212 4.200 117.060 4.398
202303 2.059 118.910 2.123
202306 -0.790 120.460 -0.804
202309 2.689 121.740 2.708
202312 0.992 121.170 1.004
202403 0.123 122.590 0.123

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.


Ternium  (STU:T5Z) 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.


Ternium Cyclically Adjusted Price-to-FCF Related Terms

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


Ternium (STU:T5Z) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ternium SA (STU:T5Z) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
26 Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449
Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The vast majority of its revenue comes from the steel segment. Its geographical segments are Mexico, the Southern region, and Brazil & Other markets.

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