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Linamar (TSX:LNR) Cyclically Adjusted Price-to-FCF : 9.82 (As of Jun. 09, 2024)


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What is Linamar Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Linamar's current share price is C$69.16. Linamar's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$7.04. Linamar's Cyclically Adjusted Price-to-FCF for today is 9.82.

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

TSX:LNR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.78   Med: 17.94   Max: 210.64
Current: 9.82

During the past years, Linamar's highest Cyclically Adjusted Price-to-FCF was 210.64. The lowest was 6.78. And the median was 17.94.

TSX:LNR's Cyclically Adjusted Price-to-FCF is ranked better than
78.74% of 494 companies
in the Vehicles & Parts industry
Industry Median: 21.27 vs TSX:LNR: 9.82

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.

Linamar's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-0.758. 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 C$7.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Linamar Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Linamar'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.

Linamar Cyclically Adjusted Price-to-FCF Chart

Linamar 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 13.87 12.43 10.83 8.22 9.04

Linamar 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 8.56 9.16 8.95 9.04 10.22

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

For the Auto Parts subindustry, Linamar'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.


Linamar's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Linamar's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Linamar 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=69.16/7.04
=9.82

* 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.

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

For example, Linamar'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)
=-0.758/126.2576*126.2576
=-0.758

Current CPI (Mar. 2024) = 126.2576.

Linamar Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.845 99.473 1.073
201409 1.194 99.394 1.517
201412 1.960 98.367 2.516
201503 -0.309 99.789 -0.391
201506 1.677 100.500 2.107
201509 1.408 100.421 1.770
201512 2.511 99.947 3.172
201603 1.223 101.054 1.528
201606 1.249 102.002 1.546
201609 2.961 101.765 3.674
201612 2.773 101.449 3.451
201703 -0.578 102.634 -0.711
201706 1.614 103.029 1.978
201709 0.336 103.345 0.410
201712 1.478 103.345 1.806
201803 -1.296 105.004 -1.558
201806 0.246 105.557 0.294
201809 1.363 105.636 1.629
201812 1.702 105.399 2.039
201903 0.101 106.979 0.119
201906 2.837 107.690 3.326
201909 0.620 107.611 0.727
201912 5.723 107.769 6.705
202003 2.081 107.927 2.434
202006 2.504 108.401 2.916
202009 6.672 108.164 7.788
202012 6.235 108.559 7.251
202103 2.453 110.298 2.808
202106 2.037 111.720 2.302
202109 3.349 112.905 3.745
202112 2.138 113.774 2.373
202203 -0.419 117.646 -0.450
202206 -0.321 120.806 -0.335
202209 0.479 120.648 0.501
202212 1.014 120.964 1.058
202303 0.236 122.702 0.243
202306 0.775 124.203 0.788
202309 -2.128 125.230 -2.145
202312 1.172 125.072 1.183
202403 -0.758 126.258 -0.758

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.


Linamar  (TSX:LNR) 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.


Linamar Cyclically Adjusted Price-to-FCF Related Terms

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


Linamar (TSX:LNR) Business Description

Industry
Traded in Other Exchanges
Address
287 Speedvale Avenue West, Guelph, ON, CAN, N1H 1C5
Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company's Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.
Executives
Mark Stoddart Director, Senior Officer

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