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USD Partners LP (USD Partners LP) Cyclically Adjusted FCF per Share : $1.27 (As of Sep. 2023)


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What is USD 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.

USD Partners LP's adjusted free cash flow per share for the three months ended in Sep. 2023 was $0.018. 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 $1.27 for the trailing ten years ended in Sep. 2023.

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.

As of today (2024-05-16), USD Partners LP's current stock price is $0.1349. USD Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was $1.27. USD Partners LP's Cyclically Adjusted Price-to-FCF of today is 0.11.

During the past 11 years, the highest Cyclically Adjusted Price-to-FCF of USD Partners LP was 3.09. The lowest was 0.04. And the median was 0.47.


USD Partners LP Cyclically Adjusted FCF per Share Historical Data

The historical data trend for USD 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.

USD Partners LP Cyclically Adjusted FCF per Share Chart

USD Partners LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.33

USD Partners LP Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 - 1.33 1.31 1.29 1.27

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

For the Railroads subindustry, USD 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.


USD Partners LP's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



USD 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, USD Partners LP's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.018/129.8595*129.8595
=0.018

Current CPI (Sep. 2023) = 129.8595.

USD Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.000 98.326 0.000
201403 -0.839 99.695 -1.093
201406 -0.668 100.560 -0.863
201409 -0.371 100.428 -0.480
201412 0.101 99.070 0.132
201503 0.246 99.621 0.321
201506 0.458 100.684 0.591
201509 0.498 100.392 0.644
201512 0.450 99.792 0.586
201603 0.398 100.470 0.514
201606 0.593 101.688 0.757
201609 0.634 101.861 0.808
201612 0.737 101.863 0.940
201703 0.561 102.862 0.708
201706 -0.685 103.349 -0.861
201709 0.554 104.136 0.691
201712 0.364 104.011 0.454
201803 0.309 105.290 0.381
201806 0.435 106.317 0.531
201809 0.475 106.507 0.579
201812 0.174 105.998 0.213
201903 0.377 107.251 0.456
201906 0.260 108.070 0.312
201909 0.387 108.329 0.464
201912 0.110 108.420 0.132
202003 0.434 108.902 0.518
202006 0.193 108.767 0.230
202009 0.619 109.815 0.732
202012 0.522 109.897 0.617
202103 0.450 111.754 0.523
202106 0.792 114.631 0.897
202109 0.269 115.734 0.302
202112 0.428 117.630 0.472
202203 0.329 121.301 0.352
202206 0.184 125.017 0.191
202209 0.402 125.227 0.417
202212 0.246 125.222 0.255
202303 -0.029 127.348 -0.030
202306 -0.040 128.729 -0.040
202309 0.018 129.860 0.018

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


USD Partners LP  (OTCPK:USDP) 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.

USD 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
=0.1349/1.27
=0.11

* 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 11 years, the highest Cyclically Adjusted Price-to-FCF of USD Partners LP was 3.09. The lowest was 0.04. And the median was 0.47.


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.


USD Partners LP Cyclically Adjusted FCF per Share Related Terms

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


USD Partners LP (USD Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
811 Main Street, Suite 2800, Houston, TX, USA, 77002
USD Partners LP is formed to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The company's network of crude oil terminals facilitates the transportation of heavy crude oil from Western Canada to key demand centers across North America. The company's operations include railcar loading and unloading, storage and blending in onsite tanks, inbound and outbound pipeline connectivity, truck transloading, and other related logistics services. The company also provides one of the customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons by rail. The company manages its business in two reportable segments: Terminalling services and Fleet services.
Executives
Jeffrey P. Wood director, other: SEE REMARKS EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968
Keith Benson officer: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Francesco Ciabatti director, other: See Remarks. 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Dan Borgen director, officer: SEE REMARKS 9500 NEW CENTURY, PASADENA TX 77507
Michael Ray Curry director, other: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii, Lp 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Michael Jay Stanford officer: Vice President, CAO 811 MAIN ST., SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Gp Iii, Lp director, 10 percent owner 40 BEECHWOOD ROAD, SUMMIT NJ 07901
G Stacy Smith director, other: SEE REMARKS 300 CRESCENT COURT SUITE 1111, DALLAS TX 75201
Ecp Controlco, Llc director, 10 percent owner 40 BEECHWOOD ROAD, SUMMIT NJ 07901
Joshua Dean Ruple officer: SEE REMARKS 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Schuyler Coppedge director, other: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Paul Leray Tucker officer: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Adam K Altsuler officer: SEE REMARKS C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii-b (usd Ip), Lp director, 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078