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Bradespar (BSP:BRAP3) Cyclically Adjusted FCF per Share : R$2.48 (As of Mar. 2024)


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What is Bradespar 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.

Bradespar's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$1.110. 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 R$2.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bradespar's average Cyclically Adjusted FCF Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 37.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 35.50% 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 Bradespar was 49.90% per year. The lowest was -4.40% per year. And the median was 40.65% per year.

As of today (2024-06-10), Bradespar's current stock price is R$17.60. Bradespar's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$2.48. Bradespar's Cyclically Adjusted Price-to-FCF of today is 7.10.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bradespar was 34.01. The lowest was 7.08. And the median was 13.53.


Bradespar Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bradespar'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.

Bradespar Cyclically Adjusted FCF per Share Chart

Bradespar 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 0.65 0.90 2.02 2.19 2.34

Bradespar Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.32 2.25 2.32 2.34 2.48

Competitive Comparison of Bradespar's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, Bradespar'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.


Bradespar's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bradespar's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Bradespar 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, Bradespar'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)
=1.11/159.3724*159.3724
=1.110

Current CPI (Mar. 2024) = 159.3724.

Bradespar Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.829 91.838 1.439
201409 -0.329 92.602 -0.566
201412 0.971 94.194 1.643
201503 0.011 97.799 0.018
201506 0.479 100.006 0.763
201509 0.018 101.392 0.028
201512 0.411 104.247 0.628
201603 0.010 106.979 0.015
201606 0.007 108.851 0.010
201609 0.032 109.986 0.046
201612 0.096 110.802 0.138
201703 0.036 111.869 0.051
201706 0.500 112.115 0.711
201709 0.018 112.777 0.025
201712 -0.678 114.068 -0.947
201803 0.558 114.868 0.774
201806 0.000 117.038 0.000
201809 -2.413 117.881 -3.262
201812 -0.016 118.340 -0.022
201903 0.152 120.124 0.202
201906 0.105 120.977 0.138
201909 0.037 121.292 0.049
201912 -0.004 123.436 -0.005
202003 -0.004 124.092 -0.005
202006 -0.006 123.557 -0.008
202009 2.579 125.095 3.286
202012 -0.080 129.012 -0.099
202103 3.182 131.660 3.852
202106 1.523 133.871 1.813
202109 5.744 137.913 6.638
202112 0.074 141.992 0.083
202203 1.459 146.537 1.587
202206 0.008 149.784 0.009
202209 1.272 147.800 1.372
202212 0.270 150.207 0.286
202303 0.894 153.352 0.929
202306 0.005 154.519 0.005
202309 0.582 155.464 0.597
202312 0.881 157.148 0.893
202403 1.110 159.372 1.110

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


Bradespar  (BSP:BRAP3) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=17.60/2.48
=7.10

* 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 Bradespar was 34.01. The lowest was 7.08. And the median was 13.53.


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.


Bradespar Cyclically Adjusted FCF per Share Related Terms

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


Bradespar (BSP:BRAP3) Business Description

Industry
Traded in Other Exchanges
Address
Avenue Paulista 1450 - 9th floor, Cerqueira Cesar, Sao paulo, SP, BRA, 1310917
Bradespar is a Brazil-based holding company whose corporate purpose and single business segment is to hold equity interest as a partner or shareholder in other companies. Its holding companies include Millennium Security Holdings, which does business in the British Virgin Islands; and Vale S.A., which produces iron ore, raw materials for the steel and nickel industries, and metals. The company's operating income originates from equity accounting, dividends, and interest on equity received from Vale and interest from redeemable shares received.

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