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High Arctic Energy Services (TSX:HWO) Cyclically Adjusted Price-to-FCF : 5.44 (As of May. 29, 2024)


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What is High Arctic Energy Services Cyclically Adjusted Price-to-FCF?

As of today (2024-05-29), High Arctic Energy Services's current share price is C$1.47. High Arctic Energy Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.27. High Arctic Energy Services's Cyclically Adjusted Price-to-FCF for today is 5.44.

The historical rank and industry rank for High Arctic Energy Services's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:HWO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.6   Med: 5.24   Max: 12.87
Current: 5.5

During the past years, High Arctic Energy Services's highest Cyclically Adjusted Price-to-FCF was 12.87. The lowest was 1.60. And the median was 5.24.

TSX:HWO's Cyclically Adjusted Price-to-FCF is ranked better than
81.61% of 397 companies
in the Oil & Gas industry
Industry Median: 13.6 vs TSX:HWO: 5.50

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.

High Arctic Energy Services's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$0.126. 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 C$0.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


High Arctic Energy Services Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for High Arctic Energy Services'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.

High Arctic Energy Services Cyclically Adjusted Price-to-FCF Chart

High Arctic Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.51 3.55 4.99 5.53 3.98

High Arctic Energy Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 4.52 4.32 3.98 4.15

Competitive Comparison of High Arctic Energy Services's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Equipment & Services subindustry, High Arctic Energy Services'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.


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

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

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



High Arctic Energy Services 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.

High Arctic Energy Services's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.47/0.27
=5.44

* 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.

High Arctic Energy Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, High Arctic Energy Services'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)
=0.126/126.2576*126.2576
=0.126

Current CPI (Mar. 2024) = 126.2576.

High Arctic Energy Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.292 99.473 0.371
201409 -0.476 99.394 -0.605
201412 -0.170 98.367 -0.218
201503 -0.143 99.789 -0.181
201506 0.054 100.500 0.068
201509 0.096 100.421 0.121
201512 0.090 99.947 0.114
201603 0.295 101.054 0.369
201606 0.444 102.002 0.550
201609 0.019 101.765 0.024
201612 0.034 101.449 0.042
201703 -0.140 102.634 -0.172
201706 0.553 103.029 0.678
201709 0.017 103.345 0.021
201712 0.082 103.345 0.100
201803 0.041 105.004 0.049
201806 0.276 105.557 0.330
201809 0.054 105.636 0.065
201812 0.328 105.399 0.393
201903 -0.051 106.979 -0.060
201906 0.091 107.690 0.107
201909 -0.008 107.611 -0.009
201912 -0.075 107.769 -0.088
202003 0.135 107.927 0.158
202006 0.128 108.401 0.149
202009 0.012 108.164 0.014
202012 0.027 108.559 0.031
202103 -0.038 110.298 -0.043
202106 0.027 111.720 0.031
202109 -0.039 112.905 -0.044
202112 -0.136 113.774 -0.151
202203 -0.026 117.646 -0.028
202206 0.090 120.806 0.094
202209 0.006 120.648 0.006
202212 0.008 120.964 0.008
202303 0.000 122.702 0.000
202306 0.005 124.203 0.005
202309 0.022 125.230 0.022
202312 0.160 125.072 0.162
202403 0.126 126.258 0.126

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.


High Arctic Energy Services  (TSX:HWO) 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.


High Arctic Energy Services Cyclically Adjusted Price-to-FCF Related Terms

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


High Arctic Energy Services (TSX:HWO) Business Description

Industry
Traded in Other Exchanges
Address
330 - 5th Ave SW., Suite 2350, Calgary, AB, CAN, T2P 0L4
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment which consists of drilling services; the Production Services segment which consists of well servicing and snubbing services; the Ancillary Services segment which provides rental equipment, nitrogen transport services, and engineering consulting to various companies within the oil and gas sector and Corporate segment. The Production Services segment generates the company's revenue.
Executives
Douglas John Strong Director

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