Dragon Oil (LSE:DGO) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)

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What is Dragon Oil Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation

Dragon Oil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dragon Oil'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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Dragon Oil Cyclically Adjusted Price-to-FCF Chart

Dragon Oil Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Cyclically Adjusted Price-to-FCF

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Dragon Oil Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Cyclically Adjusted Price-to-FCF	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Dragon Oil's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Dragon Oil'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.

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

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

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

Dragon Oil 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.

Dragon Oil's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec14 is calculated as:

For example, Dragon Oil's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec14 was:

Adj_FreeCashFlowPerShare	=	Free Cash Flow per Share	/	CPI of Dec14 (Change)	*	Current CPI (Dec14)
	=	0.293	/	99.0697	*	99.0697
	=	0.293

Current CPI (Dec14) = 99.0697.

Dragon Oil Annual Data

	Free Cash Flow per Share	CPI	Adj_FreeCashFlowPerShare
200512	0.112	83.032	0.134
200612	0.066	85.142	0.077
200712	0.223	88.616	0.249
200812	0.379	88.697	0.423
200912	0.276	91.111	0.300
201012	0.211	92.474	0.226
201112	0.757	95.213	0.788
201212	0.804	96.871	0.822
201312	0.388	98.326	0.391
201412	0.293	99.070	0.293

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.

Dragon Oil (LSE:DGO) 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.

Dragon Oil Cyclically Adjusted Price-to-FCF Related Terms

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Dragon Oil (LSE:DGO) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.dragonoil.com

Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.

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