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OceanaGold (TSX:OGC) Cyclically Adjusted Price-to-FCF : 104.67 (As of May. 23, 2024)


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What is OceanaGold Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), OceanaGold's current share price is C$3.14. OceanaGold's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.03. OceanaGold's Cyclically Adjusted Price-to-FCF for today is 104.67.

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

TSX:OGC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 28.13   Med: 55.27   Max: 247
Current: 107.72

During the past years, OceanaGold's highest Cyclically Adjusted Price-to-FCF was 247.00. The lowest was 28.13. And the median was 55.27.

TSX:OGC's Cyclically Adjusted Price-to-FCF is ranked worse than
87.7% of 244 companies
in the Metals & Mining industry
Industry Median: 22.47 vs TSX:OGC: 107.72

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.

OceanaGold's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$0.003. 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$0.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


OceanaGold Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for OceanaGold'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.

OceanaGold Cyclically Adjusted Price-to-FCF Chart

OceanaGold 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 - - - 54.12 47.72

OceanaGold 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 52.88 31.67 34.89 47.72 100.19

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

For the Gold subindustry, OceanaGold'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.


OceanaGold's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, OceanaGold's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



OceanaGold 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.14/0.03
=104.67

* 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.

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

For example, OceanaGold'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)
=0.003/127.6062*127.6062
=0.003

Current CPI (Mar. 2024) = 127.6062.

OceanaGold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.076 98.352 0.099
201409 0.002 98.816 0.003
201412 0.132 99.002 0.170
201503 0.080 99.187 0.103
201506 0.069 99.838 0.088
201509 0.006 100.302 0.008
201512 -0.021 100.673 -0.027
201603 -0.134 100.488 -0.170
201606 -0.053 100.859 -0.067
201609 -0.181 101.602 -0.227
201612 -0.087 102.159 -0.109
201703 -0.042 102.624 -0.052
201706 0.036 102.809 0.045
201709 -0.028 103.460 -0.035
201712 0.214 104.110 0.262
201803 0.045 104.574 0.055
201806 0.102 104.945 0.124
201809 0.015 105.410 0.018
201812 0.094 105.967 0.113
201903 -0.040 105.967 -0.048
201906 0.021 106.617 0.025
201909 -0.051 107.174 -0.061
201912 -0.010 107.917 -0.012
202003 0.139 108.289 0.164
202006 -0.078 106.246 -0.094
202009 -0.032 107.917 -0.038
202012 -0.120 108.846 -0.141
202103 -0.044 109.496 -0.051
202106 -0.085 110.332 -0.098
202109 -0.028 111.168 -0.032
202112 0.050 112.654 0.057
202203 0.127 115.069 0.141
202206 0.028 117.112 0.031
202209 -0.019 119.248 -0.020
202212 0.019 121.477 0.020
202303 -0.031 123.148 -0.032
202306 0.123 124.170 0.126
202309 -0.056 125.656 -0.057
202312 0.025 126.399 0.025
202403 0.003 127.606 0.003

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.


OceanaGold  (TSX:OGC) 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.


OceanaGold Cyclically Adjusted Price-to-FCF Related Terms

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


OceanaGold (TSX:OGC) Business Description

Industry
Traded in Other Exchanges
Address
400 Burrard Street, Suite 1020, Vancouver, BC, CAN, V6C 3A6
OceanaGold Corp is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from its operations and delivering strong returns for its shareholders. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; the Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.
Executives
Liang Tang Senior Officer

OceanaGold (TSX:OGC) Headlines

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