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Cognor Holding (WAR:COG) Cyclically Adjusted Price-to-FCF : 7.62 (As of Jun. 08, 2024)


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What is Cognor Holding Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Cognor Holding's current share price is zł8.69. Cognor Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł1.14. Cognor Holding's Cyclically Adjusted Price-to-FCF for today is 7.62.

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

WAR:COG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.96   Med: 3.86   Max: 8.35
Current: 7.55

During the past years, Cognor Holding's highest Cyclically Adjusted Price-to-FCF was 8.35. The lowest was 0.96. And the median was 3.86.

WAR:COG's Cyclically Adjusted Price-to-FCF is ranked better than
77.07% of 266 companies
in the Steel industry
Industry Median: 13.34 vs WAR:COG: 7.55

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.

Cognor Holding's adjusted free cash flow per share data for the three months ended in Mar. 2024 was zł-0.786. 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 zł1.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cognor Holding Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cognor Holding'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.

Cognor Holding Cyclically Adjusted Price-to-FCF Chart

Cognor Holding 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 1.58 2.15 3.87 3.51 6.81

Cognor Holding 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 7.99 6.08 6.09 6.81 7.46

Competitive Comparison of Cognor Holding's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Cognor Holding'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.


Cognor Holding's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Cognor Holding's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cognor Holding 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.

Cognor Holding's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.69/1.14
=7.62

* 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.

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

For example, Cognor Holding'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)
=-0.786/149.0435*149.0435
=-0.786

Current CPI (Mar. 2024) = 149.0435.

Cognor Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.073 101.180 0.108
201409 0.252 100.611 0.373
201412 -0.088 100.122 -0.131
201503 -0.059 100.041 -0.088
201506 -0.004 100.448 -0.006
201509 0.086 99.634 0.129
201512 0.682 99.471 1.022
201603 0.182 98.983 0.274
201606 0.151 99.552 0.226
201609 0.102 99.064 0.153
201612 0.210 100.366 0.312
201703 0.230 101.018 0.339
201706 0.966 101.180 1.423
201709 0.712 101.343 1.047
201712 -0.011 102.564 -0.016
201803 0.180 102.564 0.262
201806 0.869 103.378 1.253
201809 0.245 103.378 0.353
201812 0.661 103.785 0.949
201903 -0.404 104.274 -0.577
201906 0.935 105.983 1.315
201909 0.086 105.983 0.121
201912 0.391 107.123 0.544
202003 0.115 109.076 0.157
202006 0.304 109.402 0.414
202009 0.096 109.320 0.131
202012 0.420 109.565 0.571
202103 0.230 112.658 0.304
202106 -0.252 113.960 -0.330
202109 -0.030 115.588 -0.039
202112 0.168 119.088 0.210
202203 0.669 125.031 0.797
202206 -0.058 131.705 -0.066
202209 0.535 135.531 0.588
202212 0.494 139.113 0.529
202303 -0.185 145.950 -0.189
202306 -0.151 147.009 -0.153
202309 -0.243 146.113 -0.248
202312 0.082 147.741 0.083
202403 -0.786 149.044 -0.786

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.


Cognor Holding  (WAR:COG) 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.


Cognor Holding Cyclically Adjusted Price-to-FCF Related Terms

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


Cognor Holding (WAR:COG) Business Description

Industry
Traded in Other Exchanges
Address
ul. Zielona 26, Kielce, POL, 25-563
Cognor Holding SA operates in the steel industry. Its activities are divided into four business segments such as; Scrap division focuses on buying, processing, refining and selling of scrap metal and nonferrous scrap. Production division which contributes major revenue is responsible for processing scrap metal into steel billets, as well as converting steel billets and nonferrous scrap into finished products. The Distribution division sells various commodities, such as steel products, steel and nonferrous scrap and steel billets. The Other division includes materials recycling, among others. The firm's products range comprises metal bars, steel sheet, plates, pipes, and rods, as well as sheet zinc and tin plates, among others. Firm's majority revenue comes from Poland.

Cognor Holding (WAR:COG) Headlines

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