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Franco-Nevada (Franco-Nevada) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Franco-Nevada Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Franco-Nevada Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Franco-Nevada'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.

Franco-Nevada Cyclically Adjusted Price-to-FCF Chart

Franco-Nevada Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Franco-Nevada Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Franco-Nevada's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Franco-Nevada'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.


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

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

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



Franco-Nevada 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.

Franco-Nevada's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Franco-Nevada'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)
=1.034/125.4675*125.4675
=1.034

Current CPI (Dec. 2023) = 125.4675.

Franco-Nevada Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.507 98.604 -0.645
201406 0.176 99.473 0.222
201409 0.341 99.394 0.430
201412 -3.796 98.367 -4.842
201503 0.355 99.789 0.446
201506 0.329 100.500 0.411
201509 0.481 100.421 0.601
201512 -5.683 99.947 -7.134
201603 -2.358 101.054 -2.928
201606 0.355 102.002 0.437
201609 0.444 101.765 0.547
201612 -0.150 101.449 -0.186
201703 0.324 102.634 0.396
201706 -0.059 103.029 -0.072
201709 -0.310 103.345 -0.376
201712 -0.013 103.345 -0.016
201803 -2.082 105.004 -2.488
201806 0.111 105.557 0.132
201809 0.209 105.636 0.248
201812 -1.016 105.399 -1.209
201903 0.461 106.979 0.541
201906 0.432 107.690 0.503
201909 -0.912 107.611 -1.063
201912 0.938 107.769 1.092
202003 0.851 107.927 0.989
202006 0.771 108.401 0.892
202009 0.402 108.164 0.466
202012 0.567 108.559 0.655
202103 0.177 110.298 0.201
202106 -1.567 111.720 -1.760
202109 1.049 112.905 1.166
202112 1.335 113.774 1.472
202203 1.187 117.646 1.266
202206 1.287 120.806 1.337
202209 1.194 120.648 1.242
202212 0.804 120.964 0.834
202303 0.521 122.702 0.533
202306 0.520 124.203 0.525
202309 0.367 125.230 0.368
202312 1.034 125.468 1.034

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.


Franco-Nevada  (NYSE:FNV) 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.


Franco-Nevada Cyclically Adjusted Price-to-FCF Related Terms

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


Franco-Nevada (Franco-Nevada) Business Description

Address
199 Bay Street, Suite 2000, P.O. Box 285, Commerce Court Postal Station, Toronto, ON, CAN, M5L 1G9
Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration. Franco-Nevada's short-term financial performance is linked to the price of commodities and the amount of production from its portfolio of producing assets. Its long-term performance is affected by the availability of exploration and development capital. The company holds a portfolio of assets, diversified by commodity, revenue type, and stage of a project, primarily located in the United States, Canada, and Australia.

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