GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan American Silver Corp (NYSE:PAAS) » Definitions » Cyclically Adjusted Price-to-FCF

Pan American Silver (Pan American Silver) Cyclically Adjusted Price-to-FCF : 133.31 (As of May. 23, 2024)


View and export this data going back to 1995. Start your Free Trial

What is Pan American Silver Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Pan American Silver's current share price is $21.33. Pan American Silver's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.16. Pan American Silver's Cyclically Adjusted Price-to-FCF for today is 133.31.

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

PAAS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.06   Med: 92.81   Max: 1192
Current: 139.77

During the past years, Pan American Silver's highest Cyclically Adjusted Price-to-FCF was 1192.00. The lowest was 27.06. And the median was 92.81.

PAAS's Cyclically Adjusted Price-to-FCF is ranked worse than
91.39% of 244 companies
in the Metals & Mining industry
Industry Median: 22.47 vs PAAS: 139.77

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.

Pan American Silver's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.071. 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 $0.16 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pan American Silver Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pan American Silver'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.

Pan American Silver Cyclically Adjusted Price-to-FCF Chart

Pan American Silver 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 64.59 92.46 98.69 144.93 96.66

Pan American Silver Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 145.66 91.43 90.40 96.66 94.13

Competitive Comparison of Pan American Silver's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Pan American Silver'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.


Pan American Silver's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

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



Pan American Silver 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.

Pan American Silver's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=21.33/0.16
=133.31

* 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.

Pan American Silver's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Pan American Silver'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)
=-0.071/126.2576*126.2576
=-0.071

Current CPI (Mar. 2024) = 126.2576.

Pan American Silver Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.078 99.473 0.099
201409 0.068 99.394 0.086
201412 -0.193 98.367 -0.248
201503 -0.135 99.789 -0.171
201506 -0.059 100.500 -0.074
201509 0.012 100.421 0.015
201512 -0.200 99.947 -0.253
201603 -0.290 101.054 -0.362
201606 0.087 102.002 0.108
201609 0.353 101.765 0.438
201612 -0.071 101.449 -0.088
201703 -0.040 102.634 -0.049
201706 -0.042 103.029 -0.051
201709 0.207 103.345 0.253
201712 0.279 103.345 0.341
201803 0.012 105.004 0.014
201806 0.153 105.557 0.183
201809 0.053 105.636 0.063
201812 -0.198 105.399 -0.237
201903 -0.305 106.979 -0.360
201906 0.082 107.690 0.096
201909 0.153 107.611 0.180
201912 0.377 107.769 0.442
202003 0.278 107.927 0.325
202006 0.154 108.401 0.179
202009 0.362 108.164 0.423
202012 0.556 108.559 0.647
202103 -0.086 110.298 -0.098
202106 0.114 111.720 0.129
202109 0.451 112.905 0.504
202112 0.228 113.774 0.253
202203 0.035 117.646 0.038
202206 -0.242 120.806 -0.253
202209 -0.070 120.648 -0.073
202212 -0.876 120.964 -0.914
202303 0.061 122.702 0.063
202306 0.011 124.203 0.011
202309 0.016 125.230 0.016
202312 0.133 125.072 0.134
202403 -0.071 126.258 -0.071

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.


Pan American Silver  (NYSE:PAAS) 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.


Pan American Silver Cyclically Adjusted Price-to-FCF Related Terms

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


Pan American Silver (Pan American Silver) Business Description

Address
1440 - 625 Howe Street, Vancouver, BC, CAN, V6C 2T6
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. Its principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.