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ATI (ATI) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is ATI Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ATI Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ATI'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.

ATI Cyclically Adjusted Price-to-FCF Chart

ATI Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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ATI Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of ATI's Cyclically Adjusted Price-to-FCF

For the Metal Fabrication subindustry, ATI'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.


ATI's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ATI's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



ATI 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.

ATI's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, ATI'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)
=2.43/129.4194*129.4194
=2.430

Current CPI (Dec. 2023) = 129.4194.

ATI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.902 99.695 -1.171
201406 -0.363 100.560 -0.467
201409 -0.558 100.428 -0.719
201412 0.242 99.070 0.316
201503 -0.099 99.621 -0.129
201506 0.362 100.684 0.465
201509 -0.175 100.392 -0.226
201512 -0.211 99.792 -0.274
201603 -1.221 100.470 -1.573
201606 -0.446 101.688 -0.568
201609 -1.004 101.861 -1.276
201612 0.379 101.863 0.482
201703 -1.053 102.862 -1.325
201706 -0.045 103.349 -0.056
201709 0.016 104.136 0.020
201712 0.331 104.011 0.412
201803 -0.610 105.290 -0.750
201806 0.364 106.317 0.443
201809 0.349 106.507 0.424
201812 1.627 105.998 1.987
201903 -1.217 107.251 -1.469
201906 -0.015 108.070 -0.018
201909 0.324 108.329 0.387
201912 1.158 108.420 1.382
202003 -0.987 108.902 -1.173
202006 0.506 108.767 0.602
202009 0.243 109.815 0.286
202012 0.632 109.897 0.744
202103 -0.745 111.754 -0.863
202106 -0.547 114.631 -0.618
202109 -1.212 115.734 -1.355
202112 1.668 117.630 1.835
202203 -1.592 121.301 -1.699
202206 -0.273 125.017 -0.283
202209 0.513 125.227 0.530
202212 1.348 125.222 1.393
202303 -2.302 127.348 -2.339
202306 0.168 128.729 0.169
202309 -1.053 129.860 -1.049
202312 2.430 129.419 2.430

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.


ATI  (NYSE:ATI) 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.


ATI Cyclically Adjusted Price-to-FCF Related Terms

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


ATI (ATI) Business Description

Industry
Traded in Other Exchanges
Address
2021 McKinney Avenue, Dallas, TX, USA, 75201
ATI Inc supplies specialty metals to various end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. The company's operating segment includes High-Performance Materials and Components and Advanced Alloys and Solutions. The majority of revenue is from the Advanced Alloys and Solutions segment. The AA&S segment is focused on delivering high-value flat products, Other important end markets for AA&S include automotive & electronics. AA&S produces nickel-based alloys, titanium & titanium-based alloys, & specialty alloys in a variety of forms including plate, sheet, and strip products. Geographically, it operates in the United States, China, the United Kingdom, Germany, France, Canada and Others, the majority is from the United States.
Executives
Elliot S Davis officer: Sr VP, GC, CCO and Secretary 1000 SIX PPG PLACE, PITTSBURGH PA 15222-5479
James C Diggs director 1000 SIX PPG PL, PITTSBURGH PA 15222
Timothy J Harris officer: Senior VP and CDIO C/O ALLEGHENY TECHNOLOGIES INCORPORATED, PITTSBURGH PA 15222
Ruby Sharma director 24 ARNOLD DRIVE, PRINCETON JCT. NJ 08550
Jimmy Jr. Williams officer: SVP, CTO C/O ATI INC., 2021 MCKINNEY AVE., SUITE 1100, DALLAS TX 75201
Robert S Wetherbee officer: EVP, ATI Flat-Rolled Products MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE 38TH FL, NEW YORK NY 10017
Tina Killough Busch officer: SVP, CHRO C/O ATI INC., 2021 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Karl D Schwartz officer: Controller & Princ. Acctg Off. 1000 SIX PPG PLACE, PITTSBURGH PA 15222-5479
Kevin B Kramer officer: Sr. VP, CCMO C/O STONERIGDGE INC., 9400 E. MARKET ST, WARREN OH 44484
Donald P Newman officer: SVP and CFO 224 S 108TH AVENUE, OMAHA NE 68154
Marianne Kah director C/O ALLEGHENY TECHNOLOGIES INCORPORATED, 1000 SIX PPG PLACE, PITTSBURGH PA 15222
Elizabeth C Powers officer: Senior VP, CHRO C/O DRESSER-RAND GROUP INC., PAUL CLARK DRIVE, OLEAN NY 14760
M Leroy Ball director 436 SEVENTH AVENUE, PITTSBURGH PA 15219
David P Hess director 390 PARK AVENUE, NEW YORK NY 10022
Kimberly A Fields officer: EVP, Flat Rolled Products C/O ALLEGHENY TECHNOLOGIES INCORPORATED, 1000 SIX PPG PLACE, PITTSBURGH PA 15217

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