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ATI (STU:ATD) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is ATI Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ATI Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ATI'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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ATI Cyclically Adjusted Price-to-FCF Chart

ATI Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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ATI Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of ATI's Cyclically Adjusted Price-to-FCF

For the Metal Fabrication subindustry, ATI'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.


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

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

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



ATI 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.

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

For example, ATI'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)
=-1.027/131.7762*131.7762
=-1.027

Current CPI (Mar. 2024) = 131.7762.

ATI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.267 100.560 -0.350
201409 -0.433 100.428 -0.568
201412 0.196 99.070 0.261
201503 -0.091 99.621 -0.120
201506 0.322 100.684 0.421
201509 -0.156 100.392 -0.205
201512 -0.193 99.792 -0.255
201603 -1.096 100.470 -1.438
201606 -0.397 101.688 -0.514
201609 -0.894 101.861 -1.157
201612 0.360 101.863 0.466
201703 -0.985 102.862 -1.262
201706 -0.040 103.349 -0.051
201709 0.013 104.136 0.016
201712 0.280 104.011 0.355
201803 -0.494 105.290 -0.618
201806 0.312 106.317 0.387
201809 0.299 106.507 0.370
201812 1.430 105.998 1.778
201903 -1.077 107.251 -1.323
201906 -0.013 108.070 -0.016
201909 0.295 108.329 0.359
201912 1.042 108.420 1.266
202003 -0.893 108.902 -1.081
202006 0.450 108.767 0.545
202009 0.207 109.815 0.248
202012 0.520 109.897 0.624
202103 -0.626 111.754 -0.738
202106 -0.454 114.631 -0.522
202109 -1.030 115.734 -1.173
202112 1.476 117.630 1.654
202203 -1.445 121.301 -1.570
202206 -0.258 125.017 -0.272
202209 0.518 125.227 0.545
202212 1.272 125.222 1.339
202303 -2.151 127.348 -2.226
202306 0.155 128.729 0.159
202309 -0.987 129.860 -1.002
202312 2.228 129.419 2.269
202403 -1.027 131.776 -1.027

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.


ATI  (STU:ATD) 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.


ATI Cyclically Adjusted Price-to-FCF Related Terms

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ATI (STU:ATD) Business Description

Industry
Traded in Other Exchanges
Address
2021 McKinney Avenue, Dallas, TX, USA, 75201
ATI Inc supplies specialty metals to various end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. The company's operating segment includes High-Performance Materials and Components and Advanced Alloys and Solutions. The majority of revenue is from the Advanced Alloys and Solutions segment. The AA&S segment is focused on delivering high-value flat products, Other important end markets for AA&S include automotive & electronics. AA&S produces nickel-based alloys, titanium & titanium-based alloys, & specialty alloys in a variety of forms including plate, sheet, and strip products. Geographically, it operates in the United States, China, the United Kingdom, Germany, France, Canada and Others, the majority is from the United States.

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