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Canadian National Railway Co (Canadian National Railway Co) Cyclically Adjusted Price-to-FCF : 36.51 (As of Apr. 28, 2024)


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What is Canadian National Railway Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Canadian National Railway Co's current share price is $125.23. Canadian National Railway Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.43. Canadian National Railway Co's Cyclically Adjusted Price-to-FCF for today is 36.51.

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

CNI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 32.74   Med: 45.78   Max: 57.32
Current: 36.86

During the past years, Canadian National Railway Co's highest Cyclically Adjusted Price-to-FCF was 57.32. The lowest was 32.74. And the median was 45.78.

CNI's Cyclically Adjusted Price-to-FCF is ranked worse than
72.2% of 410 companies
in the Transportation industry
Industry Median: 17.605 vs CNI: 36.86

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.

Canadian National Railway Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.623. 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 $3.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian National Railway Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canadian National Railway Co'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.

Canadian National Railway Co Cyclically Adjusted Price-to-FCF Chart

Canadian National Railway Co 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 43.97 46.99 44.09 38.95 36.04

Canadian National Railway Co 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 37.40 36.57 33.18 36.04 38.40

Competitive Comparison of Canadian National Railway Co's Cyclically Adjusted Price-to-FCF

For the Railroads subindustry, Canadian National Railway Co'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.


Canadian National Railway Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canadian National Railway Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Canadian National Railway Co's Cyclically Adjusted Price-to-FCF falls into.



Canadian National Railway Co 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.

Canadian National Railway Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=125.23/3.43
=36.51

* 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.

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

For example, Canadian National Railway Co'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)
=0.623/125.4675*125.4675
=0.623

Current CPI (Mar. 2024) = 125.4675.

Canadian National Railway Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.885 99.473 1.116
201409 0.783 99.394 0.988
201412 0.200 98.367 0.255
201503 0.510 99.789 0.641
201506 0.544 100.500 0.679
201509 0.672 100.421 0.840
201512 0.596 99.947 0.748
201603 0.571 101.054 0.709
201606 0.596 102.002 0.733
201609 0.588 101.765 0.725
201612 0.693 101.449 0.857
201703 0.840 102.634 1.027
201706 0.822 103.029 1.001
201709 0.736 103.345 0.894
201712 0.492 103.345 0.597
201803 0.343 105.004 0.410
201806 0.868 105.557 1.032
201809 0.586 105.636 0.696
201812 0.664 105.399 0.790
201903 0.302 106.979 0.354
201906 0.554 107.690 0.645
201909 0.766 107.611 0.893
201912 0.529 107.769 0.616
202003 0.579 107.927 0.673
202006 1.081 108.401 1.251
202009 0.561 108.164 0.651
202012 1.262 108.559 1.459
202103 0.603 110.298 0.686
202106 0.859 111.720 0.965
202109 1.802 112.905 2.003
202112 1.295 113.774 1.428
202203 0.215 117.646 0.229
202206 1.136 120.806 1.180
202209 1.499 120.648 1.559
202212 1.470 120.964 1.525
202303 0.648 122.702 0.663
202306 1.260 124.203 1.273
202309 0.671 125.230 0.672
202312 1.702 125.468 1.702
202403 0.623 125.468 0.623

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.


Canadian National Railway Co  (NYSE:CNI) 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.


Canadian National Railway Co Cyclically Adjusted Price-to-FCF Related Terms

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Canadian National Railway Co (Canadian National Railway Co) Business Description

Address
935 de La Gauchetiere Street West, Montreal, QC, CAN, H3B 2M9
Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2022, CN generated roughly CAD 17.1 billion in revenue by hauling intermodal containers (29% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.