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Husky Energy (TSX:HSE) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Husky Energy Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Husky Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Husky Energy'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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Husky Energy Cyclically Adjusted Price-to-FCF Chart

Husky Energy Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted Price-to-FCF
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Husky Energy Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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Competitive Comparison of Husky Energy's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Husky Energy'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.


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

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

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



Husky Energy 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.

Husky Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2020 is calculated as:

For example, Husky Energy's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2020 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=-0.281/108.1643*108.1643
=-0.281

Current CPI (Sep. 2020) = 108.1643.

Husky Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201012 -1.051 92.836 -1.225
201103 -0.307 94.338 -0.352
201106 0.684 94.654 0.782
201109 0.293 95.286 0.333
201112 -0.344 94.970 -0.392
201203 0.400 96.155 0.450
201206 0.177 96.076 0.199
201209 0.103 96.392 0.116
201212 -0.175 95.760 -0.198
201303 0.166 97.103 0.185
201306 0.298 97.182 0.332
201309 -0.133 97.419 -0.148
201312 -0.720 96.945 -0.803
201403 0.068 98.604 0.075
201406 0.023 99.473 0.025
201409 0.243 99.394 0.264
201412 0.168 98.367 0.185
201503 0.045 99.789 0.049
201506 0.178 100.500 0.192
201509 -0.116 100.421 -0.125
201512 0.660 99.947 0.714
201603 -0.287 101.054 -0.307
201606 -0.132 102.002 -0.140
201609 0.432 101.765 0.459
201612 0.252 101.449 0.269
201703 0.217 102.634 0.229
201706 0.216 103.029 0.227
201709 0.365 103.345 0.382
201712 0.586 103.345 0.613
201803 -0.128 105.004 -0.132
201806 0.273 105.557 0.280
201809 0.284 105.636 0.291
201812 0.016 105.399 0.016
201903 -0.305 106.979 -0.308
201906 -0.141 107.690 -0.142
201909 -0.113 107.611 -0.114
201912 -0.075 107.769 -0.075
202003 -0.297 107.927 -0.298
202006 -0.327 108.401 -0.326
202009 -0.281 108.164 -0.281

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.


Husky Energy  (TSX:HSE) 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.


Husky Energy Cyclically Adjusted Price-to-FCF Related Terms

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Husky Energy (TSX:HSE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Husky Energy Inc (TSX:HSE) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
707, 8th Avenue S.W, PO Box 6525, Station D, Calgary, AB, CAN, T2P 1H5
Husky Energy is one of Canada's largest integrated energy companies, operating in western Canada, the United States, and the Asia-Pacific and Atlantic regions. The upstream portfolio includes light and medium crude, heavy crude, bitumen, natural gas liquids, and natural gas. Husky's heavy oil and oil sands production are supported by two integrated downstream and midstream value chains. Production averaged 290,000 barrels of oil equivalent per day in 2019, and Husky estimates that it holds approximately 2.1 billion boe of proven and probable crude oil and natural gas reserves.

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