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Lundin Mining (TSX:LUN) Cyclically Adjusted FCF per Share : C$0.30 (As of Dec. 2023)


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What is Lundin Mining 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.

Lundin Mining's adjusted free cash flow per share for the three months ended in Dec. 2023 was C$0.108. 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$0.30 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Lundin Mining's average Cyclically Adjusted FCF Growth Rate was 11.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 39.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 23.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 2.00% 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 Lundin Mining was 39.70% per year. The lowest was -14.80% per year. And the median was -5.20% per year.

As of today (2024-04-27), Lundin Mining's current stock price is C$16.23. Lundin Mining's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$0.30. Lundin Mining's Cyclically Adjusted Price-to-FCF of today is 54.10.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Lundin Mining was 144.27. The lowest was 14.90. And the median was 38.33.


Lundin Mining Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Lundin Mining'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.

Lundin Mining Cyclically Adjusted FCF per Share Chart

Lundin Mining 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 0.12 0.11 0.26 0.27 0.30

Lundin Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.27 0.27 0.26 0.28 0.30

Competitive Comparison of Lundin Mining's Cyclically Adjusted FCF per Share

For the Copper subindustry, Lundin Mining'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.


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

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

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



Lundin Mining 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, Lundin Mining's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.108/125.4675*125.4675
=0.108

Current CPI (Dec. 2023) = 125.4675.

Lundin Mining Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.123 98.604 -0.157
201406 -0.121 99.473 -0.153
201409 -0.133 99.394 -0.168
201412 -0.058 98.367 -0.074
201503 0.281 99.789 0.353
201506 0.315 100.500 0.393
201509 0.087 100.421 0.109
201512 0.086 99.947 0.108
201603 -0.009 101.054 -0.011
201606 0.205 102.002 0.252
201609 0.033 101.765 0.041
201612 0.088 101.449 0.109
201703 0.304 102.634 0.372
201706 0.173 103.029 0.211
201709 0.222 103.345 0.270
201712 0.056 103.345 0.068
201803 0.039 105.004 0.047
201806 -0.134 105.557 -0.159
201809 -0.058 105.636 -0.069
201812 -0.347 105.399 -0.413
201903 -0.218 106.979 -0.256
201906 0.047 107.690 0.055
201909 -0.096 107.611 -0.112
201912 0.084 107.769 0.098
202003 -0.110 107.927 -0.128
202006 -0.115 108.401 -0.133
202009 0.328 108.164 0.380
202012 0.126 108.559 0.146
202103 0.079 110.298 0.090
202106 0.473 111.720 0.531
202109 0.668 112.905 0.742
202112 0.400 113.774 0.441
202203 0.296 117.646 0.316
202206 0.249 120.806 0.259
202209 -0.281 120.648 -0.292
202212 -0.219 120.964 -0.227
202303 -0.061 122.702 -0.062
202306 -0.146 124.203 -0.147
202309 0.106 125.230 0.106
202312 0.108 125.468 0.108

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


Lundin Mining  (TSX:LUN) 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.

Lundin Mining's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=16.23/0.3
=54.10

* 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 Lundin Mining was 144.27. The lowest was 14.90. And the median was 38.33.


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.


Lundin Mining Cyclically Adjusted FCF per Share Related Terms

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


Lundin Mining (TSX:LUN) Business Description

Industry
Traded in Other Exchanges
Address
150 King Street West, Suite 2200, P.O. Box 38, Toronto, ON, CAN, M5H 1J9
Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden, and the United States of America, producing copper, zinc, gold, and nickel. Its material mineral properties include Candelaria, Chapada, Eagle, and Neves-Corvo. Majority of the revenue is from Copper.

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