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Orezone Gold (TSX:ORE) Cyclically Adjusted Price-to-FCF : (As of May. 24, 2024)


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What is Orezone Gold Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Orezone Gold Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Orezone Gold'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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Orezone Gold Cyclically Adjusted Price-to-FCF Chart

Orezone Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Orezone Gold 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 Orezone Gold's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Orezone Gold'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.


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

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

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



Orezone Gold 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.

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

For example, Orezone Gold'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)
=0.007/126.2576*126.2576
=0.007

Current CPI (Mar. 2024) = 126.2576.

Orezone Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.028 99.473 -0.036
201409 -0.031 99.394 -0.039
201412 -0.028 98.367 -0.036
201503 -0.031 99.789 -0.039
201506 -0.024 100.500 -0.030
201509 -0.015 100.421 -0.019
201512 -0.019 99.947 -0.024
201603 -0.010 101.054 -0.012
201606 -0.008 102.002 -0.010
201609 -0.008 101.765 -0.010
201612 -0.013 101.449 -0.016
201703 -0.015 102.634 -0.018
201706 -0.029 103.029 -0.036
201709 -0.014 103.345 -0.017
201712 -0.014 103.345 -0.017
201803 -0.018 105.004 -0.022
201806 -0.023 105.557 -0.028
201809 -0.014 105.636 -0.017
201812 -0.029 105.399 -0.035
201903 -0.034 106.979 -0.040
201906 -0.035 107.690 -0.041
201909 -0.037 107.611 -0.043
201912 -0.031 107.769 -0.036
202003 -0.039 107.927 -0.046
202006 -0.017 108.401 -0.020
202009 -0.022 108.164 -0.026
202012 -0.019 108.559 -0.022
202103 -0.020 110.298 -0.023
202106 -0.069 111.720 -0.078
202109 -0.098 112.905 -0.110
202112 -0.138 113.774 -0.153
202203 -0.153 117.646 -0.164
202206 -0.120 120.806 -0.125
202209 -0.147 120.648 -0.154
202212 0.030 120.964 0.031
202303 0.119 122.702 0.122
202306 0.028 124.203 0.028
202309 -0.016 125.230 -0.016
202312 0.002 125.072 0.002
202403 0.007 126.258 0.007

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.


Orezone Gold  (TSX:ORE) 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.


Orezone Gold Cyclically Adjusted Price-to-FCF Related Terms

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Orezone Gold (TSX:ORE) Business Description

Traded in Other Exchanges
Address
505 Burrard Street, Suite 450, Bentall Tower 1, Vancouver, BC, CAN, V7X 1M3
Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties. In addition to social responsibility and sustainability, Orezone has an experienced team in project construction and operations, financings, capital markets and M&A.
Executives
Ryan Goodman Senior Officer

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