GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (TSX:AEM) » Definitions » Cyclically Adjusted Price-to-FCF

Agnico Eagle Mines (TSX:AEM) Cyclically Adjusted Price-to-FCF : 89.55 (As of Apr. 28, 2024)


View and export this data going back to 1957. Start your Free Trial

What is Agnico Eagle Mines Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Agnico Eagle Mines's current share price is C$89.55. Agnico Eagle Mines's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$1.00. Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF for today is 89.55.

The historical rank and industry rank for Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:AEM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 62.71   Med: 120.6   Max: 733.09
Current: 89.16

During the past years, Agnico Eagle Mines's highest Cyclically Adjusted Price-to-FCF was 733.09. The lowest was 62.71. And the median was 120.60.

TSX:AEM's Cyclically Adjusted Price-to-FCF is ranked worse than
81.75% of 252 companies
in the Metals & Mining industry
Industry Median: 20.745 vs TSX:AEM: 89.16

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.

Agnico Eagle Mines's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$0.815. 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 C$1.00 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Agnico Eagle Mines Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Agnico Eagle Mines'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.

Agnico Eagle Mines Cyclically Adjusted Price-to-FCF Chart

Agnico Eagle Mines 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 336.29 183.75 113.90 114.69 72.34

Agnico Eagle Mines Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 114.69 100.19 77.84 66.85 72.34

Competitive Comparison of Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Agnico Eagle Mines'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.


Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF falls into.



Agnico Eagle Mines 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.

Agnico Eagle Mines's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=89.55/1
=89.55

* 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.

Agnico Eagle Mines's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Agnico Eagle Mines'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)
=0.815/125.4675*125.4675
=0.815

Current CPI (Dec. 2023) = 125.4675.

Agnico Eagle Mines Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.948 98.604 1.206
201406 0.393 99.473 0.496
201409 -0.285 99.394 -0.360
201412 0.165 98.367 0.210
201503 0.354 99.789 0.445
201506 0.438 100.500 0.547
201509 0.130 100.421 0.162
201512 0.049 99.947 0.062
201603 0.268 101.054 0.333
201606 0.608 102.002 0.748
201609 0.906 101.765 1.117
201612 -0.269 101.449 -0.333
201703 0.549 102.634 0.671
201706 -0.047 103.029 -0.057
201709 -0.330 103.345 -0.401
201712 -0.706 103.345 -0.857
201803 0.119 105.004 0.142
201806 -0.727 105.557 -0.864
201809 -0.958 105.636 -1.138
201812 -1.159 105.399 -1.380
201903 -0.309 106.979 -0.362
201906 -0.587 107.690 -0.684
201909 0.533 107.611 0.621
201912 0.338 107.769 0.394
202003 -0.032 107.927 -0.037
202006 -0.044 108.401 -0.051
202009 1.450 108.164 1.682
202012 0.938 108.559 1.084
202103 0.641 110.298 0.729
202106 1.012 111.720 1.137
202109 0.240 112.905 0.267
202112 0.129 113.774 0.142
202203 0.704 117.646 0.751
202206 0.630 120.806 0.654
202209 0.409 120.648 0.425
202212 -0.061 120.964 -0.063
202303 0.770 122.702 0.787
202306 0.800 124.203 0.808
202309 0.194 125.230 0.194
202312 0.815 125.468 0.815

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.


Agnico Eagle Mines  (TSX:AEM) 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.


Agnico Eagle Mines Cyclically Adjusted Price-to-FCF Related Terms

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


Agnico Eagle Mines (TSX:AEM) Business Description

Traded in Other Exchanges
Address
145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.

Agnico Eagle Mines (TSX:AEM) Headlines

From GuruFocus

AGNICO EAGLE FILES TECHNICAL REPORT FOR THE LARONDE COMPLEX

By PRNewswire PRNewswire 03-25-2023

AGNICO EAGLE ANNOUNCES ELECTION OF DIRECTORS

By PRNewswire PRNewswire 05-01-2023

AGNICO EAGLE ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

By PRNewswire PRNewswire 05-02-2023

AGNICO EAGLE PUBLISHES 2021 SUSTAINABILITY REPORT

By PRNewswire PRNewswire 06-20-2022

5 Gold Stocks Gurus Have Built Positions In

By James Li 03-13-2023

AGNICO EAGLE PUBLISHES 2021 SUSTAINABILITY REPORT

By PRNewswire PRNewswire 06-30-2022

AGNICO EAGLE PUBLISHES FIRST CLIMATE ACTION REPORT

By PRNewswire PRNewswire 11-28-2022