GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » United States Steel Corp (BUE:X) » Definitions » Cyclically Adjusted FCF per Share

United States Steel (BUE:X) Cyclically Adjusted FCF per Share : ARS571.31 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is United States Steel 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.

United States Steel's adjusted free cash flow per share for the three months ended in Mar. 2024 was ARS-6,631.904. 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 ARS571.31 for the trailing ten years ended in Mar. 2024.

During the past 12 months, United States Steel's average Cyclically Adjusted FCF Growth Rate was -19.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 156.70% 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 United States Steel was 156.70% per year. The lowest was -54.10% per year. And the median was -1.10% per year.

As of today (2024-05-23), United States Steel's current stock price is ARS15081.50. United States Steel's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS571.31. United States Steel's Cyclically Adjusted Price-to-FCF of today is 26.40.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of United States Steel was 618.83. The lowest was 3.94. And the median was 13.12.


United States Steel Cyclically Adjusted FCF per Share Historical Data

The historical data trend for United States Steel'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.

United States Steel Cyclically Adjusted FCF per Share Chart

United States Steel 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 -7.19 6.25 121.95 253.06 714.99

United States Steel 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 264.64 339.96 593.20 714.99 571.31

Competitive Comparison of United States Steel's Cyclically Adjusted FCF per Share

For the Steel subindustry, United States Steel'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.


United States Steel's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, United States Steel's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



United States Steel 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, United States Steel'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)
=-6631.904/131.7762*131.7762
=-6,631.904

Current CPI (Mar. 2024) = 131.7762.

United States Steel Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 115.579 100.560 151.458
201409 -35.102 100.428 -46.059
201412 15.976 99.070 21.250
201503 -6.536 99.621 -8.646
201506 -4.669 100.684 -6.111
201509 -7.711 100.392 -10.122
201512 -10.347 99.792 -13.663
201603 -10.474 100.470 -13.738
201606 37.481 101.688 48.571
201609 59.778 101.861 77.334
201612 37.366 101.863 48.339
201703 -48.310 102.862 -61.890
201706 85.705 103.349 109.279
201709 39.320 104.136 49.757
201712 21.352 104.011 27.052
201803 -104.085 105.290 -130.269
201806 91.590 106.317 113.523
201809 101.074 106.507 125.055
201812 -88.509 105.998 -110.034
201903 -183.417 107.251 -225.360
201906 8.547 108.070 10.422
201909 -314.334 108.329 -382.368
201912 12.656 108.420 15.382
202003 -463.816 108.902 -561.240
202006 -460.367 108.767 -557.754
202009 77.810 109.815 93.371
202012 169.336 109.897 203.049
202103 -25.789 111.754 -30.409
202106 837.669 114.631 962.955
202109 1,353.109 115.734 1,540.663
202112 1,152.382 117.630 1,290.973
202203 463.511 121.301 503.538
202206 747.970 125.017 788.411
202209 933.065 125.227 981.867
202212 237.002 125.222 249.407
202303 -1,286.828 127.348 -1,331.576
202306 283.293 128.729 290.000
202309 958.290 129.860 972.434
202312 -1,048.337 129.419 -1,067.428
202403 -6,631.904 131.776 -6,631.904

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


United States Steel  (BUE:X) 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.

United States Steel's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15081.50/571.31
=26.40

* 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 United States Steel was 618.83. The lowest was 3.94. And the median was 13.12.


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.


United States Steel Cyclically Adjusted FCF per Share Related Terms

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


United States Steel (BUE:X) Business Description

Industry
Address
600 Grant Street, Pittsburgh, PA, USA, 15219-2800
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.

United States Steel (BUE:X) Headlines