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First Quantum Minerals (TSX:FM) Cyclically Adjusted FCF per Share : C$0.09 (As of Mar. 2024)


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What is First Quantum Minerals Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

First Quantum Minerals's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$0.263. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is C$0.09 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 66.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 43.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of First Quantum Minerals was 66.70% per year. The lowest was -117.50% per year. And the median was -18.70% per year.

As of today (2024-04-27), First Quantum Minerals's current stock price is C$18.27. First Quantum Minerals's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.09. First Quantum Minerals's Cyclically Adjusted Price-to-FCF of today is 203.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of First Quantum Minerals was 176.94. The lowest was 0.00. And the median was 0.00.


First Quantum Minerals Cyclically Adjusted FCF per Share Historical Data

The historical data trend for First Quantum Minerals's Cyclically Adjusted FCF per Share 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.

First Quantum Minerals Cyclically Adjusted FCF per Share Chart

First Quantum Minerals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.42 -1.35 -0.88 -0.45 -0.05

First Quantum Minerals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 -0.47 -0.28 -0.09 -0.05 0.09

Competitive Comparison of First Quantum Minerals's Cyclically Adjusted FCF per Share

For the Copper subindustry, First Quantum Minerals'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.


First Quantum Minerals's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

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



First Quantum Minerals Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, First Quantum Minerals'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)
=0.263/125.4675*125.4675
=0.263

Current CPI (Mar. 2024) = 125.4675.

First Quantum Minerals Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.796 99.473 -1.004
201409 -0.989 99.394 -1.248
201412 -0.806 98.367 -1.028
201503 -0.483 99.789 -0.607
201506 -0.543 100.500 -0.678
201509 -0.380 100.421 -0.475
201512 0.761 99.947 0.955
201603 -0.035 101.054 -0.043
201606 0.039 102.002 0.048
201609 -0.011 101.765 -0.014
201612 -0.410 101.449 -0.507
201703 -0.141 102.634 -0.172
201706 -0.306 103.029 -0.373
201709 -0.381 103.345 -0.463
201712 -0.549 103.345 -0.667
201803 0.670 105.004 0.801
201806 -0.320 105.557 -0.380
201809 -0.159 105.636 -0.189
201812 -0.522 105.399 -0.621
201903 -0.559 106.979 -0.656
201906 -0.451 107.690 -0.525
201909 -0.229 107.611 -0.267
201912 0.144 107.769 0.168
202003 0.615 107.927 0.715
202006 0.049 108.401 0.057
202009 0.603 108.164 0.699
202012 0.671 108.559 0.776
202103 1.023 110.298 1.164
202106 0.733 111.720 0.823
202109 0.785 112.905 0.872
202112 0.895 113.774 0.987
202203 0.707 117.646 0.754
202206 1.163 120.806 1.208
202209 0.441 120.648 0.459
202212 -0.157 120.964 -0.163
202303 0.067 122.702 0.069
202306 0.762 124.203 0.770
202309 0.437 125.230 0.438
202312 -1.026 125.468 -1.026
202403 0.263 125.468 0.263

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


First Quantum Minerals  (TSX:FM) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

First Quantum Minerals's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18.27/0.09
=203.00

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of First Quantum Minerals was 176.94. The lowest was 0.00. And the median was 0.00.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


First Quantum Minerals Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of First Quantum Minerals's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


First Quantum Minerals (TSX:FM) Business Description

Traded in Other Exchanges
Address
330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia and Mauritania. The Company's reportable operating segments are Cobre Panama, Kansanshi, Trident and Ravensthorpe. Majority of the revenue is generated from Cobre Panama.