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Cabot (CBT) Cyclically Adjusted FCF per Share : $3.54 (As of Dec. 2023)


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What is Cabot Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Cabot's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.914. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $3.54 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Cabot's average Cyclically Adjusted FCF Growth Rate was 12.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Cabot was 73.50% per year. The lowest was -29.90% per year. And the median was 7.50% per year.

As of today (2024-04-27), Cabot's current stock price is $93.59. Cabot's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.54. Cabot's Cyclically Adjusted Price-to-FCF of today is 26.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cabot was 37.40. The lowest was 7.40. And the median was 20.79.


Cabot Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Cabot's Cyclically Adjusted FCF per Share 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.

Cabot Cyclically Adjusted FCF per Share Chart

Cabot Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.70 2.79 3.12 2.90 3.33

Cabot Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 3.16 3.43 3.61 3.33 3.54

Competitive Comparison of Cabot's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, Cabot'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.


Cabot's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

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

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



Cabot Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Cabot's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.914/129.4194*129.4194
=0.914

Current CPI (Dec. 2023) = 129.4194.

Cabot Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.906 99.695 1.176
201406 1.089 100.560 1.402
201409 1.131 100.428 1.457
201412 0.232 99.070 0.303
201503 1.872 99.621 2.432
201506 0.632 100.684 0.812
201509 2.928 100.392 3.775
201512 0.944 99.792 1.224
201603 1.226 100.470 1.579
201606 1.256 101.688 1.599
201609 1.033 101.861 1.312
201612 1.354 101.863 1.720
201703 -1.146 102.862 -1.442
201706 1.467 103.349 1.837
201709 1.538 104.136 1.911
201712 -0.113 104.011 -0.141
201803 -0.340 105.290 -0.418
201806 0.064 106.317 0.078
201809 1.515 106.507 1.841
201812 -1.547 105.998 -1.889
201903 0.793 107.251 0.957
201906 0.976 108.070 1.169
201909 2.222 108.329 2.655
201912 0.649 108.420 0.775
202003 -0.477 108.902 -0.567
202006 1.876 108.767 2.232
202009 1.083 109.815 1.276
202012 -0.141 109.897 -0.166
202103 0.441 111.754 0.511
202106 0.439 114.631 0.496
202109 0.352 115.734 0.394
202112 -1.391 117.630 -1.530
202203 -0.543 121.301 -0.579
202206 -0.282 125.017 -0.292
202209 0.264 125.227 0.273
202212 0.300 125.222 0.310
202303 1.954 127.348 1.986
202306 2.885 128.729 2.900
202309 1.073 129.860 1.069
202312 0.914 129.419 0.914

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Cabot  (NYSE:CBT) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Cabot's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=93.59/3.54
=26.44

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cabot was 37.40. The lowest was 7.40. And the median was 20.79.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Cabot Cyclically Adjusted FCF per Share Related Terms

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


Cabot (CBT) Business Description

Industry
Traded in Other Exchanges
Address
Two Seaport Lane, Suite 1400, Boston, MA, USA, 02210
Cabot Corp manufactures and sells a variety of chemicals, materials, and chemical-based products. The company organizes itself into two segments based on the product type. The reinforcement materials segment, which generates more revenue than any other segment, sells rubber-grade carbon black products used in hoses and belts in automobiles. The performance chemicals segment sells ink-jet colorants and metal oxides used in the automotive and construction industries.
Executives
Erica Mclaughlin officer: Senior Vice President, CFO C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Karen A Kalita officer: SVP and General Counsel C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Hobart Kalkstein officer: Senior Vice President C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Michelle Elizabeth Williams director 6555 WEST GOOD HOPE ROAD, MILWAUKEE WI 53223
Sean D Keohane officer: Vice President C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Raffiq Nathoo director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1400, BOSTON MA 02210
Douglas G Delgrosso director
Lisa M Dumont officer: Controller C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Jeff Ji Zhu officer: Senior Vice President C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Christine Y Yan director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
John R Doubman officer: Senior Vice President C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Frank Anders Wilson director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Patrick M. Prevost director, officer: President and CEO C/O SOUTHWESTERN ENERGY COMPANY, 10000 ENERGY DRIVE, SPRING TX 77389-4954
Nicholas S. Cross officer: Executive Vice President C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Brian A Berube officer: Vice President,General Counsel C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210