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Novolipetsk Steel PJSC (XKAZ:RU_NLMK) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is Novolipetsk Steel PJSC Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Novolipetsk Steel PJSC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Novolipetsk Steel PJSC'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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Novolipetsk Steel PJSC Cyclically Adjusted Price-to-FCF Chart

Novolipetsk Steel PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted Price-to-FCF
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Novolipetsk Steel PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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Competitive Comparison of Novolipetsk Steel PJSC's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Novolipetsk Steel PJSC'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.


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

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

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



Novolipetsk Steel PJSC 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.

Novolipetsk Steel PJSC's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2021 is calculated as:

For example, Novolipetsk Steel PJSC's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2021 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2021 (Change)*Current CPI (Dec. 2021)
=60.829/207.2000*207.2000
=60.829

Current CPI (Dec. 2021) = 207.2000.

Novolipetsk Steel PJSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201203 4.240 111.700 7.865
201206 -4.378 113.600 -7.985
201209 9.971 115.700 17.856
201212 1.113 117.300 1.966
201303 3.186 119.500 5.524
201306 2.947 121.400 5.030
201309 3.739 122.800 6.309
201312 7.522 124.900 12.478
201403 8.110 127.800 13.149
201406 14.145 130.900 22.390
201409 8.561 132.700 13.367
201412 6.589 139.000 9.822
201503 11.395 149.400 15.804
201506 6.382 150.900 8.763
201509 16.990 153.500 22.934
201512 3.754 157.000 4.954
201603 17.086 160.200 22.099
201606 8.916 162.200 11.390
201609 27.132 163.300 34.426
201612 10.584 165.400 13.259
201703 11.210 167.000 13.908
201706 18.067 169.200 22.125
201709 30.629 168.200 37.731
201712 11.562 169.600 14.125
201803 32.531 171.000 39.418
201806 16.321 173.100 19.536
201809 39.182 173.900 46.685
201812 32.093 176.800 37.611
201903 42.339 179.900 48.764
201906 17.044 181.200 19.490
201909 16.325 180.800 18.709
201912 22.464 182.200 25.546
202003 20.696 184.500 23.242
202006 22.358 187.000 24.773
202009 17.238 187.400 19.059
202012 17.821 191.100 19.322
202103 32.027 195.200 33.996
202106 63.367 199.100 65.945
202109 79.307 201.300 81.631
202112 60.829 207.200 60.829

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.


Novolipetsk Steel PJSC  (XKAZ:RU_NLMK) 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.


Novolipetsk Steel PJSC Cyclically Adjusted Price-to-FCF Related Terms

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


Novolipetsk Steel PJSC (XKAZ:RU_NLMK) Business Description

Traded in Other Exchanges
N/A
Address
2, Metallurgov Sq., Lipetsk, RUS, 398040
Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

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