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GoGold Resources (TSX:GGD) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is GoGold Resources Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


GoGold Resources Cyclically Adjusted Price-to-FCF Historical Data

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

GoGold Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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GoGold Resources 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 GoGold Resources's Cyclically Adjusted Price-to-FCF

For the Other Precious Metals & Mining subindustry, GoGold Resources'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.


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

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

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



GoGold Resources 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.

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

For example, GoGold Resources'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)
=-0.021/126.2576*126.2576
=-0.021

Current CPI (Mar. 2024) = 126.2576.

GoGold Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.089 99.473 -0.113
201409 -0.063 99.394 -0.080
201412 -0.034 98.367 -0.044
201503 -0.020 99.789 -0.025
201506 0.001 100.500 0.001
201509 0.018 100.421 0.023
201512 -0.042 99.947 -0.053
201603 -0.029 101.054 -0.036
201606 -0.019 102.002 -0.024
201609 -0.023 101.765 -0.029
201612 -0.026 101.449 -0.032
201703 -0.027 102.634 -0.033
201706 -0.015 103.029 -0.018
201709 -0.029 103.345 -0.035
201712 -0.097 103.345 -0.119
201803 -0.013 105.004 -0.016
201806 -0.010 105.557 -0.012
201809 -0.028 105.636 -0.033
201812 -0.026 105.399 -0.031
201903 -0.039 106.979 -0.046
201906 -0.030 107.690 -0.035
201909 -0.010 107.611 -0.012
201912 -0.003 107.769 -0.004
202003 0.008 107.927 0.009
202006 0.002 108.401 0.002
202009 0.014 108.164 0.016
202012 0.027 108.559 0.031
202103 0.014 110.298 0.016
202106 0.011 111.720 0.012
202109 0.003 112.905 0.003
202112 -0.021 113.774 -0.023
202203 -0.007 117.646 -0.008
202206 -0.005 120.806 -0.005
202209 0.026 120.648 0.027
202212 -0.020 120.964 -0.021
202303 -0.012 122.702 -0.012
202306 -0.001 124.203 -0.001
202309 -0.005 125.230 -0.005
202312 -0.015 125.072 -0.015
202403 -0.021 126.258 -0.021

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.


GoGold Resources  (TSX:GGD) 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.


GoGold Resources Cyclically Adjusted Price-to-FCF Related Terms

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


GoGold Resources (TSX:GGD) Business Description

Traded in Other Exchanges
Address
2000 Barrington Street, Suite 1301, Cogswell Tower, Halifax, NS, CAN, B3J 3K1
GoGold Resources Inc is a Canadian-based company engaged in the business of exploration, development, and production of gold, copper and silver. It operates in two segments: Mexico, which accounts for the majority of revenue; and Canada. Its Mexico segment consists of the Parral project and the Los Ricos project and the Corporation's corporate offices as the Canadian segment.
Executives
John Stephen Morris Turner Director

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