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Performance Shipping (FRA:DS2) Cyclically Adjusted Price-to-FCF : (As of Jun. 05, 2024)


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What is Performance Shipping Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Performance Shipping Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Performance Shipping'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.

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Performance Shipping Cyclically Adjusted Price-to-FCF Chart

Performance Shipping Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Performance Shipping Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Performance Shipping's Cyclically Adjusted Price-to-FCF

For the Marine Shipping subindustry, Performance Shipping'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.


Performance Shipping's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



Performance Shipping 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.

Performance Shipping's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Performance Shipping'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)
=0.408/117.2848*117.2848
=0.408

Current CPI (Mar. 2024) = 117.2848.

Performance Shipping Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 103.060 0.000
201409 0.000 102.624 0.000
201412 0.000 100.254 0.000
201503 0.000 100.549 0.000
201506 0.000 100.838 0.000
201509 0.000 100.856 0.000
201512 0.000 100.087 0.000
201603 0.000 99.041 0.000
201606 0.000 100.121 0.000
201609 0.000 99.878 0.000
201612 0.000 100.110 0.000
201703 0.000 100.770 0.000
201706 0.000 101.138 0.000
201709 -848.333 100.882 -986.271
201712 -49.815 100.762 -57.983
201803 -0.425 100.534 -0.496
201806 -8.109 102.121 -9.313
201809 -3.721 101.982 -4.279
201812 5.011 101.330 5.800
201903 0.057 101.482 0.066
201906 -3.476 101.837 -4.003
201909 -13.639 101.906 -15.697
201912 -1.066 102.120 -1.224
202003 20.125 101.479 23.260
202006 7.860 100.239 9.197
202009 5.924 99.886 6.956
202012 2.161 99.751 2.541
202103 -4.117 99.817 -4.837
202106 -1.919 101.270 -2.222
202109 -1.934 102.095 -2.222
202112 -4.568 104.853 -5.110
202203 -20.457 108.651 -22.083
202206 -0.210 113.517 -0.217
202209 -2.807 114.371 -2.879
202212 -9.012 112.428 -9.401
202303 1.991 113.620 2.055
202306 1.738 115.515 1.765
202309 0.434 116.234 0.438
202312 0.219 116.364 0.221
202403 0.408 117.285 0.408

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.


Performance Shipping  (FRA:DS2) 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.


Performance Shipping Cyclically Adjusted Price-to-FCF Related Terms

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


Performance Shipping (FRA:DS2) Business Description

Traded in Other Exchanges
Address
373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, GRC, 175 64
Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates eight Aframax tanker vessels.

Performance Shipping (FRA:DS2) Headlines

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