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Refinaria De Petroleos Manguinhos (BSP:RPMG3) Cyclically Adjusted Price-to-FCF : 77.00 (As of May. 24, 2024)


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What is Refinaria De Petroleos Manguinhos Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Refinaria De Petroleos Manguinhos's current share price is R$2.31. Refinaria De Petroleos Manguinhos's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was R$0.03. Refinaria De Petroleos Manguinhos's Cyclically Adjusted Price-to-FCF for today is 77.00.

The historical rank and industry rank for Refinaria De Petroleos Manguinhos's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:RPMG3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.88   Med: 20.14   Max: 76
Current: 67.51

During the past years, Refinaria De Petroleos Manguinhos's highest Cyclically Adjusted Price-to-FCF was 76.00. The lowest was 9.88. And the median was 20.14.

BSP:RPMG3's Cyclically Adjusted Price-to-FCF is ranked worse than
90.08% of 393 companies
in the Oil & Gas industry
Industry Median: 13.91 vs BSP:RPMG3: 67.51

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.

Refinaria De Petroleos Manguinhos's adjusted free cash flow per share data for the three months ended in Sep. 2023 was R$0.420. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$0.03 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Refinaria De Petroleos Manguinhos Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Refinaria De Petroleos Manguinhos's Cyclically Adjusted Price-to-FCF 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.

Refinaria De Petroleos Manguinhos Cyclically Adjusted Price-to-FCF Chart

Refinaria De Petroleos Manguinhos Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Refinaria De Petroleos Manguinhos Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cyclically Adjusted Price-to-FCF 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 - - 9.96 14.64 74.84

Competitive Comparison of Refinaria De Petroleos Manguinhos's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Refining & Marketing subindustry, Refinaria De Petroleos Manguinhos'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.


Refinaria De Petroleos Manguinhos's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Refinaria De Petroleos Manguinhos's Cyclically Adjusted Price-to-FCF falls into.



Refinaria De Petroleos Manguinhos Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Refinaria De Petroleos Manguinhos's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.31/0.03
=77.00

* 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.

Refinaria De Petroleos Manguinhos's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Refinaria De Petroleos Manguinhos'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)
=0.42/155.4635*155.4635
=0.420

Current CPI (Sep. 2023) = 155.4635.

Refinaria De Petroleos Manguinhos Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201103 -0.013 75.958 -0.027
201106 -0.240 77.018 -0.484
201109 0.243 77.837 0.485
201112 0.005 78.971 0.010
201203 -0.013 79.938 -0.025
201212 0.000 83.581 0.000
201312 0.000 88.522 0.000
201403 0.059 90.447 0.101
201406 -0.059 91.838 -0.100
201409 0.000 92.602 0.000
201412 0.018 94.194 0.030
201503 -0.019 97.799 -0.030
201506 0.009 100.006 0.014
201509 -0.005 101.392 -0.008
201512 0.006 104.247 0.009
201603 -0.007 106.979 -0.010
201606 -0.002 108.851 -0.003
201612 0.000 110.802 0.000
201712 0.000 114.068 0.000
201809 0.000 117.881 0.000
201812 0.000 118.340 0.000
201903 0.000 120.124 0.000
201906 0.174 120.977 0.224
201909 -0.177 121.292 -0.227
201912 0.174 123.436 0.219
202003 0.000 124.092 0.000
202006 0.000 123.557 0.000
202009 -0.001 125.095 -0.001
202012 0.000 129.012 0.000
202103 0.000 131.660 0.000
202106 0.000 133.871 0.000
202109 -0.001 137.913 -0.001
202112 0.000 141.992 0.000
202203 -0.001 146.537 -0.001
202206 0.000 149.784 0.000
202209 0.000 147.800 0.000
202212 0.014 150.207 0.014
202303 -0.015 153.352 -0.015
202306 -0.403 154.519 -0.405
202309 0.420 155.464 0.420

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


Refinaria De Petroleos Manguinhos  (BSP:RPMG3) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Refinaria De Petroleos Manguinhos Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Refinaria De Petroleos Manguinhos's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Refinaria De Petroleos Manguinhos (BSP:RPMG3) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Brasil, 3141, Manguinhos, Rio de Janeiro, RJ, BRA, 20930041
Refinaria De Petroleos Manguinhos SA is engaged in the operation of the oil refinery, import, sale and export of crude oil and its derivatives, and provision of services related to the refining activity, among others.

Refinaria De Petroleos Manguinhos (BSP:RPMG3) Headlines

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