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Performance Shipping (FRA:DS2) Cyclically Adjusted FCF per Share : €-161.27 (As of Jun. 2024)


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What is Performance Shipping 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.

Performance Shipping's adjusted free cash flow per share for the three months ended in Jun. 2024 was €0.339. 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 €-161.27 for the trailing ten years ended in Jun. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.20% 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 Performance Shipping was 13.20% per year. The lowest was 13.20% per year. And the median was 13.20% per year.

As of today (2024-10-31), Performance Shipping's current stock price is €1.856. Performance Shipping's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was €-161.27. Performance Shipping's Cyclically Adjusted Price-to-FCF of today is .


Performance Shipping Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Performance Shipping'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.

Performance Shipping Cyclically Adjusted FCF per Share Chart

Performance Shipping Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -248.46 -234.96 -195.95 -173.91

Performance Shipping Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -189.48 -194.20 -173.91 -171.96 -161.27

Competitive Comparison of Performance Shipping's Cyclically Adjusted FCF per Share

For the Marine Shipping subindustry, Performance Shipping'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.


Performance Shipping's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Performance Shipping's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Performance Shipping 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, Performance Shipping's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.339/118.1286*118.1286
=0.339

Current CPI (Jun. 2024) = 118.1286.

Performance Shipping Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.000 102.624 0.000
201412 0.000 100.254 0.000
201503 0.000 100.549 0.000
201506 0.000 100.838 0.000
201509 0.000 100.856 0.000
201512 0.000 100.087 0.000
201603 0.000 99.041 0.000
201606 0.000 100.121 0.000
201609 0.000 99.878 0.000
201612 0.000 100.110 0.000
201703 0.000 100.770 0.000
201706 0.000 101.138 0.000
201709 -848.333 100.882 -993.366
201712 -49.815 100.762 -58.401
201803 -0.425 100.534 -0.499
201806 -8.109 102.121 -9.380
201809 -3.721 101.982 -4.310
201812 5.011 101.330 5.842
201903 0.057 101.482 0.066
201906 -3.476 101.837 -4.032
201909 -13.639 101.906 -15.810
201912 -1.066 102.120 -1.233
202003 20.125 101.479 23.427
202006 7.860 100.239 9.263
202009 5.924 99.886 7.006
202012 2.161 99.751 2.559
202103 -4.117 99.817 -4.872
202106 -1.919 101.270 -2.238
202109 -1.934 102.095 -2.238
202112 -4.568 104.853 -5.146
202203 -20.457 108.651 -22.241
202206 -0.210 113.517 -0.219
202209 -2.807 114.371 -2.899
202212 -9.012 112.428 -9.469
202303 1.991 113.620 2.070
202306 0.511 115.515 0.523
202309 0.434 116.234 0.441
202312 0.219 116.364 0.222
202403 0.408 117.285 0.411
202406 0.339 118.129 0.339

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


Performance Shipping  (FRA:DS2) 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.


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.


Performance Shipping Cyclically Adjusted FCF per Share Related Terms

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


Performance Shipping Business Description

Traded in Other Exchanges
Address
373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, GRC, 175 64
Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates eight Aframax tanker vessels.

Performance Shipping Headlines

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