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Arconic (DELISTED:ARNC) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is Arconic Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Arconic Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Arconic'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.

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Arconic Cyclically Adjusted Price-to-FCF Chart

Arconic Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted Price-to-FCF
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Arconic Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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Competitive Comparison of Arconic's Cyclically Adjusted Price-to-FCF

For the Aluminum subindustry, Arconic'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.


Arconic's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

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



Arconic 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.

Arconic's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2016 is calculated as:

For example, Arconic's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2016 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=3.951/101.8610*101.8610
=3.951

Current CPI (Sep. 2016) = 101.8610.

Arconic Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200612 11.716 85.142 14.017
200703 -16.184 86.640 -19.027
200706 28.887 87.906 33.473
200709 -22.462 87.964 -26.011
200712 -24.656 88.616 -28.341
200803 -71.609 90.090 -80.966
200806 13.926 92.320 15.365
200809 -67.577 92.307 -74.571
200812 -31.268 88.697 -35.908
200903 -60.813 89.744 -69.024
200906 -6.315 91.003 -7.068
200909 -13.156 91.120 -14.707
200912 55.671 91.111 62.239
201003 -1.525 91.821 -1.692
201006 4.814 91.962 5.332
201009 12.563 92.162 13.885
201012 70.591 92.474 77.757
201103 -27.847 94.283 -30.085
201106 33.402 95.235 35.726
201109 10.664 95.727 11.347
201112 43.774 95.213 46.830
201203 -34.264 96.783 -36.062
201206 18.787 96.819 19.765
201209 -3.090 97.633 -3.224
201212 44.033 96.871 46.301
201303 -23.890 98.209 -24.778
201306 20.462 98.518 21.156
201309 -3.445 98.790 -3.552
201312 53.097 98.326 55.006
201403 -98.518 99.695 -100.659
201406 31.981 100.560 32.395
201409 -4.276 100.428 -4.337
201412 129.005 99.070 132.640
201503 -54.115 99.621 -55.332
201506 27.105 100.684 27.422
201509 19.895 100.392 20.186
201512 86.417 99.792 88.208
201603 -136.237 100.470 -138.123
201606 10.206 101.688 10.223
201609 3.951 101.861 3.951

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.


Arconic  (DELISTED:ARNC) 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.


Arconic Cyclically Adjusted Price-to-FCF Related Terms

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


Arconic (DELISTED:ARNC) Business Description

Traded in Other Exchanges
N/A
Address
Arconic Inc, formerly known as Alcoa Inc was first incorporated as the Pittsburgh Reduction Company on October 1, 1888. The Company is engaged in manufacturing and engineering lightweight metals. Its products include aluminum, titanium, and nickel, used in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. The Company is also engaged in the production and management of aluminum, fabricated aluminum, and alumina combined, through its active participation in all aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. It has investments and operating activities in, among others, Australia, Brazil, China, Guinea, Iceland, Russia, and Saudi Arabia. The Company operates in segments including Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company's Global Rolled Products segment represents its midstream operations. The Engineered Products and Solutions segment represents a portion of the Company's downstream operations. Its downstream portfolio includes two segments Engineered Products and Solutions and Transportation and Construction Solutions. The Engineered Products and Solutions consist of Alcoa Titanium & Engineered Products; Alcoa Fastening Systems & Rings; Alcoa Forgings and Extrusions; and Alcoa Power and Propulsion. The Company's Transportation and Construction Solutions segment represents a portion of its downstream operations. The raw materials used includes bauxite, alloying materials, caustic soda, alumina, electricity, aluminum fluoride, fuel oil, calcined petroleum coke, lime (CaO), cathode blocks, natural gas, electricity, liquid pitch, natural gas, titanium alloys, titanium sponge and resin. The Company's trademark products include Howmet metal castings, Huck fasteners, Kawneer building panels and Dura-Bright wheels with easy-clean surface treatments.