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Enterprise Products Partners LP (LTS:0S23) Cyclically Adjusted FCF per Share : $1.44 (As of Mar. 2024)


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What is Enterprise Products Partners LP 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.

Enterprise Products Partners LP's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.485. 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 $1.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Enterprise Products Partners LP's average Cyclically Adjusted FCF Growth Rate was 16.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 45.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 38.40% 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 Enterprise Products Partners LP was 56.50% per year. The lowest was -20.60% per year. And the median was 39.85% per year.

As of today (2024-06-05), Enterprise Products Partners LP's current stock price is $28.335. Enterprise Products Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.44. Enterprise Products Partners LP's Cyclically Adjusted Price-to-FCF of today is 19.68.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Enterprise Products Partners LP was 1393.00. The lowest was 18.47. And the median was 46.64.


Enterprise Products Partners LP Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Enterprise Products Partners LP'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.

Enterprise Products Partners LP Cyclically Adjusted FCF per Share Chart

Enterprise Products Partners LP 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 - 0.46 0.82 1.20 1.41

Enterprise Products Partners LP 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 1.24 1.34 1.39 1.41 1.44

Competitive Comparison of Enterprise Products Partners LP's Cyclically Adjusted FCF per Share

For the Oil & Gas Midstream subindustry, Enterprise Products Partners LP'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.


Enterprise Products Partners LP's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Enterprise Products Partners LP's Cyclically Adjusted Price-to-FCF falls into.



Enterprise Products Partners LP 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, Enterprise Products Partners LP'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)
=0.485/131.7762*131.7762
=0.485

Current CPI (Mar. 2024) = 131.7762.

Enterprise Products Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.010 100.560 -0.013
201409 0.074 100.428 0.097
201412 0.229 99.070 0.305
201503 0.073 99.621 0.097
201506 0.061 100.684 0.080
201509 -0.151 100.392 -0.198
201512 0.105 99.792 0.139
201603 -0.053 100.470 -0.070
201606 0.035 101.688 0.045
201609 0.119 101.861 0.154
201612 0.410 101.863 0.530
201703 0.209 102.862 0.268
201706 0.362 103.349 0.462
201709 -0.242 104.136 -0.306
201712 0.393 104.011 0.498
201803 0.132 105.290 0.165
201806 0.224 106.317 0.278
201809 0.226 106.507 0.280
201812 0.288 105.998 0.358
201903 0.005 107.251 0.006
201906 0.414 108.070 0.505
201909 0.273 108.329 0.332
201912 0.211 108.420 0.256
202003 0.423 108.902 0.512
202006 0.130 108.767 0.158
202009 0.183 109.815 0.220
202012 0.447 109.897 0.536
202103 0.610 111.754 0.719
202106 0.622 114.631 0.715
202109 0.846 115.734 0.963
202112 0.777 117.630 0.870
202203 0.817 121.301 0.888
202206 0.789 125.017 0.832
202209 0.263 125.227 0.277
202212 0.894 125.222 0.941
202303 0.424 127.348 0.439
202306 0.511 128.729 0.523
202309 0.409 129.860 0.415
202312 0.618 129.419 0.629
202403 0.485 131.776 0.485

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


Enterprise Products Partners LP  (LTS:0S23) 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.

Enterprise Products Partners LP's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=28.335/1.44
=19.68

* 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 Enterprise Products Partners LP was 1393.00. The lowest was 18.47. And the median was 46.64.


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.


Enterprise Products Partners LP Cyclically Adjusted FCF per Share Related Terms

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


Enterprise Products Partners LP (LTS:0S23) Business Description

Industry
Traded in Other Exchanges
Address
1100 Louisiana Street, 10th Floor, Houston, TX, USA, 77002
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

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