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Oil States International (FRA:OI2) Cyclically Adjusted FCF per Share : €1.56 (As of Mar. 2024)


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What is Oil States International 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.

Oil States International's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.316. 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 €1.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Oil States International's average Cyclically Adjusted FCF Growth Rate was -37.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -14.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -7.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 0.60% 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 Oil States International was 85.50% per year. The lowest was -14.60% per year. And the median was 8.15% per year.

As of today (2024-05-27), Oil States International's current stock price is €4.12. Oil States International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.56. Oil States International's Cyclically Adjusted Price-to-FCF of today is 2.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Oil States International was 42.36. The lowest was 0.69. And the median was 6.58.


Oil States International Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Oil States International'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.

Oil States International Cyclically Adjusted FCF per Share Chart

Oil States International 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 2.53 2.38 3.33 2.68 1.70

Oil States International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.48 2.55 2.41 1.70 1.56

Competitive Comparison of Oil States International's Cyclically Adjusted FCF per Share

For the Oil & Gas Equipment & Services subindustry, Oil States International'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.


Oil States International's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oil States International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Oil States International 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, Oil States International'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)
=-0.316/131.7762*131.7762
=-0.316

Current CPI (Mar. 2024) = 131.7762.

Oil States International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.833 100.560 1.092
201409 0.501 100.428 0.657
201412 1.222 99.070 1.625
201503 1.385 99.621 1.832
201506 1.353 100.684 1.771
201509 0.133 100.392 0.175
201512 -0.352 99.792 -0.465
201603 0.835 100.470 1.095
201606 0.304 101.688 0.394
201609 0.358 101.861 0.463
201612 0.673 101.863 0.871
201703 0.477 102.862 0.611
201706 0.104 103.349 0.133
201709 0.409 104.136 0.518
201712 0.071 104.011 0.090
201803 -0.372 105.290 -0.466
201806 0.510 106.317 0.632
201809 0.002 106.507 0.002
201812 0.094 105.998 0.117
201903 0.244 107.251 0.300
201906 0.269 108.070 0.328
201909 0.545 108.329 0.663
201912 0.170 108.420 0.207
202003 -0.007 108.902 -0.008
202006 0.529 108.767 0.641
202009 1.200 109.815 1.440
202012 0.002 109.897 0.002
202103 -0.175 111.754 -0.206
202106 0.264 114.631 0.303
202109 0.042 115.734 0.048
202112 -0.292 117.630 -0.327
202203 -0.204 121.301 -0.222
202206 -0.045 125.017 -0.047
202209 0.358 125.227 0.377
202212 0.103 125.222 0.108
202303 -0.185 127.348 -0.191
202306 0.495 128.729 0.507
202309 0.113 129.860 0.115
202312 -0.045 129.419 -0.046
202403 -0.316 131.776 -0.316

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


Oil States International  (FRA:OI2) 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.

Oil States International's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.12/1.56
=2.64

* 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 Oil States International was 42.36. The lowest was 0.69. And the median was 6.58.


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.


Oil States International Cyclically Adjusted FCF per Share Related Terms

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


Oil States International (FRA:OI2) Business Description

Industry
Traded in Other Exchanges
Address
Three Allen Center, 333 Clay Street, Suite 4620, Houston, TX, USA, 77002
Oil States International Inc is a provider of manufactured products and services to the energy, industrial and military sectors. Manufactured products include engineered capital equipment as well as products consumed in the drilling, well construction and production of oil and natural gas. The company sells its products and services to national oil and natural gas companies, oil and natural gas companies, onshore and offshore drilling companies and other oilfield services, defense and industrial companies. The company operates through three business segments, Offshore/Manufactured Products, Well Site Services and Downhole Technologies.

Oil States International (FRA:OI2) Headlines

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