GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Stella-Jones Inc (TSX:SJ) » Definitions » Cyclically Adjusted Price-to-FCF

Stella-Jones (TSX:SJ) Cyclically Adjusted Price-to-FCF : 61.44 (As of Jun. 07, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Stella-Jones Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Stella-Jones's current share price is C$86.01. Stella-Jones's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$1.40. Stella-Jones's Cyclically Adjusted Price-to-FCF for today is 61.44.

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

TSX:SJ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.7   Med: 51.59   Max: 128.07
Current: 60.61

During the past years, Stella-Jones's highest Cyclically Adjusted Price-to-FCF was 128.07. The lowest was 20.70. And the median was 51.59.

TSX:SJ's Cyclically Adjusted Price-to-FCF is ranked worse than
88.19% of 127 companies
in the Forest Products industry
Industry Median: 16.99 vs TSX:SJ: 60.61

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.

Stella-Jones's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-1.532. 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$1.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stella-Jones Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Stella-Jones'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.

Stella-Jones Cyclically Adjusted Price-to-FCF Chart

Stella-Jones 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 35.90 42.38 28.81 28.77 51.51

Stella-Jones 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 34.92 42.54 39.41 51.51 56.55

Competitive Comparison of Stella-Jones's Cyclically Adjusted Price-to-FCF

For the Lumber & Wood Production subindustry, Stella-Jones'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.


Stella-Jones's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

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

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



Stella-Jones 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.

Stella-Jones's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=86.01/1.4
=61.44

* 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.

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

For example, Stella-Jones'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)
=-1.532/126.2576*126.2576
=-1.532

Current CPI (Mar. 2024) = 126.2576.

Stella-Jones Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.249 99.473 0.316
201409 0.701 99.394 0.890
201412 0.111 98.367 0.142
201503 -0.478 99.789 -0.605
201506 -0.171 100.500 -0.215
201509 0.714 100.421 0.898
201512 -0.535 99.947 -0.676
201603 0.143 101.054 0.179
201606 0.184 102.002 0.228
201609 1.590 101.765 1.973
201612 -0.297 101.449 -0.370
201703 -0.065 102.634 -0.080
201706 1.230 103.029 1.507
201709 2.355 103.345 2.877
201712 0.063 103.345 0.077
201803 -1.098 105.004 -1.320
201806 0.635 105.557 0.760
201809 1.154 105.636 1.379
201812 0.354 105.399 0.424
201903 -1.216 106.979 -1.435
201906 -0.043 107.690 -0.050
201909 1.597 107.611 1.874
201912 -0.015 107.769 -0.018
202003 -1.467 107.927 -1.716
202006 2.000 108.401 2.329
202009 1.988 108.164 2.321
202012 -0.705 108.559 -0.820
202103 -2.359 110.298 -2.700
202106 2.401 111.720 2.713
202109 3.261 112.905 3.647
202112 -0.404 113.774 -0.448
202203 -2.497 117.646 -2.680
202206 3.338 120.806 3.489
202209 2.801 120.648 2.931
202212 -1.228 120.964 -1.282
202303 -2.755 122.702 -2.835
202306 1.561 124.203 1.587
202309 1.491 125.230 1.503
202312 -1.279 125.072 -1.291
202403 -1.532 126.258 -1.532

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.


Stella-Jones  (TSX:SJ) 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.


Stella-Jones Cyclically Adjusted Price-to-FCF Related Terms

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


Stella-Jones (TSX:SJ) Business Description

Industry
Traded in Other Exchanges
Address
3100 de la Cote-Vertu Boulevard, Suite 300, Saint-Laurent, QC, CAN, H4R 2J8
Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company's procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets. The vast majority of its revenue comes from the Pressure-treated wood segment. Its geographical segments are the United States and Canada, of which the majority of its revenue is derived from the United States.
Executives
Eric Vachon Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)