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Orlen (LTS:0FMN) Cyclically Adjusted FCF per Share : zł17.30 (As of Mar. 2024)


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What is Orlen 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.

Orlen's adjusted free cash flow per share for the three months ended in Mar. 2024 was zł2.926. 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 zł17.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Orlen's average Cyclically Adjusted FCF Growth Rate was -4.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.90% 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 Orlen was 20.90% per year. The lowest was 20.90% per year. And the median was 20.90% per year.

As of today (2024-06-10), Orlen's current stock price is zł109.40. Orlen's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was zł17.30. Orlen's Cyclically Adjusted Price-to-FCF of today is 6.32.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Orlen was 15.41. The lowest was 5.42. And the median was 7.90.


Orlen Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Orlen'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.

Orlen Cyclically Adjusted FCF per Share Chart

Orlen 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 - 9.08 9.83 15.53 14.15

Orlen 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 20.19 16.10 16.94 14.15 17.30

Competitive Comparison of Orlen's Cyclically Adjusted FCF per Share

For the Oil & Gas Integrated subindustry, Orlen'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.


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

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

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



Orlen 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, Orlen'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)
=2.926/149.0435*149.0435
=2.926

Current CPI (Mar. 2024) = 149.0435.

Orlen Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 7.275 101.180 10.716
201409 2.789 100.611 4.132
201412 -1.441 100.122 -2.145
201503 0.852 100.041 1.269
201506 4.784 100.448 7.098
201509 -1.107 99.634 -1.656
201512 0.780 99.471 1.169
201603 3.268 98.983 4.921
201606 1.153 99.552 1.726
201609 2.216 99.064 3.334
201612 3.420 100.366 5.079
201703 -0.505 101.018 -0.745
201706 5.562 101.180 8.193
201709 4.969 101.343 7.308
201712 -0.650 102.564 -0.945
201803 -1.496 102.564 -2.174
201806 1.921 103.378 2.770
201809 5.823 103.378 8.395
201812 -5.011 103.785 -7.196
201903 0.833 104.274 1.191
201906 6.086 105.983 8.559
201909 5.520 105.983 7.763
201912 -1.048 107.123 -1.458
202003 -1.645 109.076 -2.248
202006 3.166 109.402 4.313
202009 0.493 109.320 0.672
202012 -2.770 109.565 -3.768
202103 1.084 112.658 1.434
202106 6.953 113.960 9.094
202109 5.290 115.588 6.821
202112 -4.313 119.088 -5.398
202203 -6.702 125.031 -7.989
202206 9.730 131.705 11.011
202209 6.686 135.531 7.353
202212 5.956 139.113 6.381
202303 11.818 145.950 12.068
202306 -0.555 147.009 -0.563
202309 -1.691 146.113 -1.725
202312 -4.741 147.741 -4.783
202403 2.926 149.044 2.926

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


Orlen  (LTS:0FMN) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=109.40/17.3
=6.32

* 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 Orlen was 15.41. The lowest was 5.42. And the median was 7.90.


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.


Orlen Cyclically Adjusted FCF per Share Related Terms

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


Orlen (LTS:0FMN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Orlen SA (LTS:0FMN) » Definitions » Cyclically Adjusted FCF per Share
Address
Chemikow 7 Street, Plock, POL, 09-411
Orlen SA is an energy conglomerate that refines and distributes oil in Poland, the Czech Republic, Germany, and Lithuania. Through a group of refineries, it processes crude oil into gasoline, diesel oil, fuel oil, and aviation fuel. The company also produces petrochemicals and products used by chemical companies as feedstock. Additional operations include exploration and production activities in Poland, where it is domiciled, and Canada. Oil products are offered through thousands of service stations, which is supported by logistics infrastructure. This infrastructure includes surface and underground storage depots and a long-distance pipeline network.

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