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Ryerson Holding (FRA:7RY) Cyclically Adjusted FCF per Share : €2.89 (As of Mar. 2024)


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What is Ryerson Holding 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.

Ryerson Holding's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-1.882. 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 €2.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ryerson Holding's average Cyclically Adjusted FCF Growth Rate was 12.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 36.50% 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 Ryerson Holding was 66.50% per year. The lowest was 17.50% per year. And the median was 30.30% per year.

As of today (2024-06-06), Ryerson Holding's current stock price is €20.20. Ryerson Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.89. Ryerson Holding's Cyclically Adjusted Price-to-FCF of today is 6.99.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ryerson Holding was 30.67. The lowest was 3.07. And the median was 9.91.


Ryerson Holding Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ryerson Holding'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.

Ryerson Holding Cyclically Adjusted FCF per Share Chart

Ryerson Holding 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 0.53 1.45 1.88 2.56 3.15

Ryerson Holding 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 2.58 2.77 2.88 3.15 2.89

Competitive Comparison of Ryerson Holding's Cyclically Adjusted FCF per Share

For the Metal Fabrication subindustry, Ryerson Holding'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.


Ryerson Holding's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ryerson Holding's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ryerson Holding 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, Ryerson Holding'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)
=-1.882/131.7762*131.7762
=-1.882

Current CPI (Mar. 2024) = 131.7762.

Ryerson Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.469 100.560 -0.615
201409 -1.403 100.428 -1.841
201412 -1.174 99.070 -1.562
201503 2.766 99.621 3.659
201506 1.510 100.684 1.976
201509 0.558 100.392 0.732
201512 1.896 99.792 2.504
201603 1.164 100.470 1.527
201606 -1.444 101.688 -1.871
201609 -0.790 101.861 -1.022
201612 1.129 101.863 1.461
201703 -0.920 102.862 -1.179
201706 -1.313 103.349 -1.674
201709 -0.391 104.136 -0.495
201712 1.846 104.011 2.339
201803 0.521 105.290 0.652
201806 -1.442 106.317 -1.787
201809 -1.201 106.507 -1.486
201812 2.584 105.998 3.212
201903 -0.697 107.251 -0.856
201906 1.270 108.070 1.549
201909 1.755 108.329 2.135
201912 1.164 108.420 1.415
202003 1.560 108.902 1.888
202006 2.295 108.767 2.780
202009 2.550 109.815 3.060
202012 -0.580 109.897 -0.695
202103 -1.170 111.754 -1.380
202106 -0.227 114.631 -0.261
202109 -0.705 115.734 -0.803
202112 1.638 117.630 1.835
202203 1.475 121.301 1.602
202206 1.510 125.017 1.592
202209 3.295 125.227 3.467
202212 3.705 125.222 3.899
202303 1.319 127.348 1.365
202306 1.796 128.729 1.839
202309 1.528 129.860 1.551
202312 1.710 129.419 1.741
202403 -1.882 131.776 -1.882

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


Ryerson Holding  (FRA:7RY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.20/2.89
=6.99

* 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 Ryerson Holding was 30.67. The lowest was 3.07. And the median was 9.91.


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.


Ryerson Holding Cyclically Adjusted FCF per Share Related Terms

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


Ryerson Holding (FRA:7RY) Business Description

Traded in Other Exchanges
Address
227 West Monroe Street, 27th Floor, Chicago, IL, USA, 60606
Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminium, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.

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