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Conifex Timber (TSX:CFF) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is Conifex Timber Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Conifex Timber Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Conifex Timber'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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Conifex Timber Cyclically Adjusted Price-to-FCF Chart

Conifex Timber Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Conifex Timber Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Conifex Timber's Cyclically Adjusted Price-to-FCF

For the Lumber & Wood Production subindustry, Conifex Timber'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.


Conifex Timber's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

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

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



Conifex Timber 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.

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

For example, Conifex Timber'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)
=0.038/126.2576*126.2576
=0.038

Current CPI (Mar. 2024) = 126.2576.

Conifex Timber Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.109 99.473 0.138
201409 -0.628 99.394 -0.798
201412 -0.586 98.367 -0.752
201503 -0.526 99.789 -0.666
201506 -0.082 100.500 -0.103
201509 -0.597 100.421 -0.751
201512 -0.732 99.947 -0.925
201603 -0.014 101.054 -0.017
201606 0.716 102.002 0.886
201609 -0.385 101.765 -0.478
201612 -0.104 101.449 -0.129
201703 -1.368 102.634 -1.683
201706 0.464 103.029 0.569
201709 -0.545 103.345 -0.666
201712 -0.254 103.345 -0.310
201803 -0.271 105.004 -0.326
201806 1.037 105.557 1.240
201809 -0.051 105.636 -0.061
201812 0.442 105.399 0.529
201903 0.125 106.979 0.148
201906 0.485 107.690 0.569
201909 0.342 107.611 0.401
201912 -0.109 107.769 -0.128
202003 -0.288 107.927 -0.337
202006 0.031 108.401 0.036
202009 -0.104 108.164 -0.121
202012 0.167 108.559 0.194
202103 0.010 110.298 0.011
202106 0.733 111.720 0.828
202109 -0.202 112.905 -0.226
202112 -0.131 113.774 -0.145
202203 0.109 117.646 0.117
202206 0.864 120.806 0.903
202209 -0.222 120.648 -0.232
202212 -0.433 120.964 -0.452
202303 -0.170 122.702 -0.175
202306 0.103 124.203 0.105
202309 -0.046 125.230 -0.046
202312 0.058 125.072 0.059
202403 0.038 126.258 0.038

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.


Conifex Timber  (TSX:CFF) 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.


Conifex Timber Cyclically Adjusted Price-to-FCF Related Terms

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Conifex Timber (TSX:CFF) Business Description

Traded in Other Exchanges
Address
980-700 West Georgia Street, Vancouver, BC, CAN, V7Y 1B6
Conifex Timber Inc is a Canada-based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm's primary activities in the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company's harvesting and manufacturing operations. The firm's main activities areas are the United States, Chinese, Canadian and Japanese markets. The revenues are generated from lumber in the United States of America.
Executives
John Michael Costello Director

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