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Cameco (TSX:CCO) Cyclically Adjusted Price-to-FCF : 85.29 (As of Apr. 28, 2024)


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What is Cameco Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Cameco's current share price is C$67.38. Cameco's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$0.79. Cameco's Cyclically Adjusted Price-to-FCF for today is 85.29.

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

TSX:CCO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.16   Med: 63.64   Max: 553
Current: 85.8

During the past years, Cameco's highest Cyclically Adjusted Price-to-FCF was 553.00. The lowest was 20.16. And the median was 63.64.

TSX:CCO's Cyclically Adjusted Price-to-FCF is ranked worse than
95.83% of 72 companies
in the Other Energy Sources industry
Industry Median: 10.66 vs TSX:CCO: 85.80

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.

Cameco's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$0.361. 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$0.79 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cameco Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cameco'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.

Cameco Cyclically Adjusted Price-to-FCF Chart

Cameco 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 25.78 40.78 55.15 51.03 72.74

Cameco 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 51.03 56.58 58.72 71.58 72.74

Competitive Comparison of Cameco's Cyclically Adjusted Price-to-FCF

For the Uranium subindustry, Cameco'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.


Cameco's Cyclically Adjusted Price-to-FCF Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Cameco's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cameco 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.

Cameco's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=67.38/0.79
=85.29

* 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.

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

For example, Cameco'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)
=0.361/125.4675*125.4675
=0.361

Current CPI (Dec. 2023) = 125.4675.

Cameco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.265 98.604 -0.337
201406 -0.345 99.473 -0.435
201409 0.343 99.394 0.433
201412 0.268 98.367 0.342
201503 0.091 99.789 0.114
201506 -0.411 100.500 -0.513
201509 -0.551 100.421 -0.688
201512 1.102 99.947 1.383
201603 -0.829 101.054 -1.029
201606 -0.285 102.002 -0.351
201609 0.836 101.765 1.031
201612 0.520 101.449 0.643
201703 -0.077 102.634 -0.094
201706 0.252 103.029 0.307
201709 0.299 103.345 0.363
201712 0.744 103.345 0.903
201803 0.656 105.004 0.784
201806 0.107 105.557 0.127
201809 0.663 105.636 0.787
201812 0.120 105.399 0.143
201903 0.177 106.979 0.208
201906 -0.206 107.690 -0.240
201909 0.527 107.611 0.614
201912 0.641 107.769 0.746
202003 0.413 107.927 0.480
202006 -0.835 108.401 -0.966
202009 -0.208 108.164 -0.241
202012 0.579 108.559 0.669
202103 0.092 110.298 0.105
202106 0.326 111.720 0.366
202109 0.432 112.905 0.480
202112 0.054 113.774 0.060
202203 0.356 117.646 0.380
202206 0.164 120.806 0.170
202209 -0.225 120.648 -0.234
202212 0.101 120.964 0.105
202303 0.433 122.702 0.443
202306 0.108 124.203 0.109
202309 0.326 125.230 0.327
202312 0.361 125.468 0.361

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.


Cameco  (TSX:CCO) 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.


Cameco Cyclically Adjusted Price-to-FCF Related Terms

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


Cameco (TSX:CCO) Business Description

Industry
Traded in Other Exchanges
Address
2121 - 11th Street West, Saskatoon, SK, CAN, S7M 1J3
Cameco Corp is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.

Cameco (TSX:CCO) Headlines

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