Inergy Midstream LP (Inergy Midstream LP) Cyclically Adjusted FCF per Share : $0.00 (As of Jun. 2015)

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What is Inergy Midstream LP Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Inergy Midstream LP's adjusted free cash flow per share data for the fiscal year that ended in Dec. 2014 was $0.000. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.00 for the trailing ten years ended in Dec. 2014.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-04-27), Inergy Midstream LP's current stock price is $ 23.39. Inergy Midstream LP's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec. 2014 was $0.00. Inergy Midstream LP's Cyclically Adjusted Price-to-FCF of today is .

Inergy Midstream LP Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Inergy Midstream LP's Cyclically Adjusted FCF per Share 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.

Inergy Midstream LP Cyclically Adjusted FCF per Share Chart

Inergy Midstream LP Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Dec13

Dec14

Cyclically Adjusted FCF per Share

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Inergy Midstream LP Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Cyclically Adjusted FCF per Share	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Inergy Midstream LP's Cyclically Adjusted FCF per Share

For the Oil & Gas Midstream subindustry, Inergy Midstream LP'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.

Inergy Midstream LP's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Inergy Midstream LP's Cyclically Adjusted Price-to-FCF falls into.

Inergy Midstream LP Cyclically Adjusted FCF per Share Calculation

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Inergy Midstream LP's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec. 2014 was:

Adj_FreeCashFlowPerShare	=	Free Cash Flow per Share	/	CPI of Dec. 2014 (Change)	*	Current CPI (Dec. 2014)
	=		/	99.0697	*	99.0697
	=	0.000

Current CPI (Dec. 2014) = 99.0697.

Inergy Midstream LP does not have a history long enough to calculate Cyclically Adjusted FCF per Share. Therefore GuruFocus does not calculate it.

Inergy Midstream LP (NYSE:NRGM) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.

Inergy Midstream LP Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Inergy Midstream LP's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.

Inergy Midstream LP (Inergy Midstream LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Inergy Midstream LP (NYSE:NRGM) » Definitions » Cyclically Adjusted FCF per Share

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.crestwoodlp.com

Crestwood Midstream Partners LP, formerly known as Inergy Midstream, L.P., is a Delaware limited partnership formed in November 2011. The Company develops, acquires, owns and operates fee-based assets and operations within the energy midstream sector. The Company owns and operates a diversified portfolio of crude oil and natural gas gathering, processing, storage and transportation assets that connect energy supply with energy demand across North America. The Company has three reporting segments: Gathering and Processing, NGL and crude services, and Storage and Transportation. The Gathering and Processing operations engage in the gathering, processing, treating, compression, transportation and sales of natural gas and the delivery of NGLs. In Gathering and Processing, the Company provides natural gas gathering, processing, treating and compression services to producers in unconventional shale plays located in West Virginia, Wyoming, Texas, Arkansas, New Mexico and Louisiana. The Company owns rich gas systems in the Marcellus, Powder River Basin, Niobrara, Barnett, Granite Wash, and Avalon/Bone Spring Shale plays, and dry gas gathering systems in the Barnett, Fayetteville and Haynesville/Bossier Shale plays. The NGL and crude services operations provide gathering, storage and transportation services to producers, refiners, marketers, and others that effectively provide flow assurances to customers, as well as the production and sale of salt products. Operations in NGL and Crude segment include crude oil rail terminals, the Arrow gathering system, an NGL storage facility, and U.S Salt, LLC. The Storage and Transportation operations provide natural gas storage and transportations services to third parties. The corporate operations include all general and administrative expenses that are not allocated to the reportable segments. The Company owns and operates four natural gas storage facilities located in New York and Pennsylvania that have an aggregate working gas storage capacity of approximately 41.0 Bcf namely Stagecoach, Thomas Corners, Steuben, and Seneca Lake. Further, the Company owns natural gas transportation facilities located in New York and Pennsylvania namely North-South Facilities, MARC I Pipeline, and East Pipeline. Sales of crude oil, NGLs and salt are recognized at the time product is shipped or delivered to the customer depending on the sales terms. The Company is expanding its gathering and compression facilities in the Marcellus Shale.

Executives

John J Sherman	director	C/O CRESTWOOD EQUITY PARTNERS LP, 811 MAIN ST., SUITE 3400, HOUSTON TX 77002
Crestwood Gas Services Holdings Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Crestwood Holdings Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Fr Xi Cmp Holdings Llc	director, 10 percent owner	ONE LAFAYETTE PLACE, GREENWICH CT 06830
Crestwood Holdings Ii Llc	director, 10 percent owner	811 MAIN STREET, SUITE 3400, HOUSTON TX 77002
Crestwood Holdings Partners, Llc	director, 10 percent owner	717 TEXAS AVENUE, SUITE 3150, HOUSTON TX 77002
Fr Midstream Holdings Llc	director, 10 percent owner	ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830
First Reserve Gp Xi, L.p.	director, 10 percent owner	262 HARBOR DRIVE, THIRD FLOOR, STAMFORD CT 06902
First Reserve Gp Xi, Inc.	director, 10 percent owner	262 HARBOR DRIVE, THIRD FLOOR, STAMFORD CT 06902
William C Gautreaux	officer: President, Liquids and Crude
Michael Gordon France	director	600 TRAVIS STREET, SUITE 6000, HOUSTON TX 77002
David Lumpkins	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
William E Macaulay	director, 10 percent owner	290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
J Heath Deneke	officer: Chief Operating Officer	700 LOUISIANA STREET, SUITE 2550, HOUSTON TX 77002
Warren H Gfeller	director

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