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Canfor Pulp Products (TSX:CFX) Cyclically Adjusted Price-to-FCF : 1.96 (As of May. 21, 2024)


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What is Canfor Pulp Products Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), Canfor Pulp Products's current share price is C$1.49. Canfor Pulp Products's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.76. Canfor Pulp Products's Cyclically Adjusted Price-to-FCF for today is 1.96.

The historical rank and industry rank for Canfor Pulp Products's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:CFX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.69   Med: 6.52   Max: 18.01
Current: 1.95

During the past years, Canfor Pulp Products's highest Cyclically Adjusted Price-to-FCF was 18.01. The lowest was 1.69. And the median was 6.52.

TSX:CFX's Cyclically Adjusted Price-to-FCF is ranked better than
96.06% of 127 companies
in the Forest Products industry
Industry Median: 16.92 vs TSX:CFX: 1.95

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.

Canfor Pulp Products's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$0.046. 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 C$0.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canfor Pulp Products Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canfor Pulp Products'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.

Canfor Pulp Products Cyclically Adjusted Price-to-FCF Chart

Canfor Pulp Products 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 6.11 7.03 6.60 4.33 2.31

Canfor Pulp Products 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 3.23 2.29 2.27 2.31 2.21

Competitive Comparison of Canfor Pulp Products's Cyclically Adjusted Price-to-FCF

For the Paper & Paper Products subindustry, Canfor Pulp Products'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.


Canfor Pulp Products's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Canfor Pulp Products's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Canfor Pulp Products 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.

Canfor Pulp Products's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.49/0.76
=1.96

* 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.

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

For example, Canfor Pulp Products'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)
=0.046/126.2576*126.2576
=0.046

Current CPI (Mar. 2024) = 126.2576.

Canfor Pulp Products Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.442 99.473 0.561
201409 0.120 99.394 0.152
201412 0.592 98.367 0.760
201503 0.370 99.789 0.468
201506 0.252 100.500 0.317
201509 0.253 100.421 0.318
201512 0.223 99.947 0.282
201603 0.221 101.054 0.276
201606 0.441 102.002 0.546
201609 0.178 101.765 0.221
201612 0.443 101.449 0.551
201703 0.509 102.634 0.626
201706 0.382 103.029 0.468
201709 0.032 103.345 0.039
201712 0.771 103.345 0.942
201803 0.725 105.004 0.872
201806 1.120 105.557 1.340
201809 0.333 105.636 0.398
201812 -0.726 105.399 -0.870
201903 -0.382 106.979 -0.451
201906 0.428 107.690 0.502
201909 -0.379 107.611 -0.445
201912 -0.336 107.769 -0.394
202003 0.317 107.927 0.371
202006 0.762 108.401 0.888
202009 -0.376 108.164 -0.439
202012 -0.356 108.559 -0.414
202103 -0.241 110.298 -0.276
202106 0.717 111.720 0.810
202109 0.311 112.905 0.348
202112 0.288 113.774 0.320
202203 -0.895 117.646 -0.961
202206 -0.058 120.806 -0.061
202209 -0.241 120.648 -0.252
202212 0.162 120.964 0.169
202303 -0.118 122.702 -0.121
202306 0.259 124.203 0.263
202309 -0.489 125.230 -0.493
202312 -0.028 125.072 -0.028
202403 0.046 126.258 0.046

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.


Canfor Pulp Products  (TSX:CFX) 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.


Canfor Pulp Products Cyclically Adjusted Price-to-FCF Related Terms

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


Canfor Pulp Products (TSX:CFX) Business Description

Traded in Other Exchanges
Address
100-1700 West 75th Avenue, Vancouver, BC, CAN, V6P 6G2
Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates Majority of the revenue. Canfor Pulp's NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Majority of Canfor Pulp's revenue comes from Asia. The majority of the company's shares are owned by Canfor Corporation.

Canfor Pulp Products (TSX:CFX) Headlines

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