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Repsol (Repsol) Cyclically Adjusted FCF per Share : $1.73 (As of Dec. 2023)


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What is Repsol Cyclically Adjusted FCF per Share?

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.

Repsol's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.673. 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 $1.73 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Repsol's average Cyclically Adjusted FCF Growth Rate was 12.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 23.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 2.10% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Repsol was 63.30% per year. The lowest was -14.60% per year. And the median was 2.20% per year.

As of today (2024-04-27), Repsol's current stock price is $15.95. Repsol's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.73. Repsol's Cyclically Adjusted Price-to-FCF of today is 9.22.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Repsol was 18.62. The lowest was 6.76. And the median was 12.80.


Repsol Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Repsol'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.

Repsol Cyclically Adjusted FCF per Share Chart

Repsol Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 1.01 1.33 1.51 1.73

Repsol Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 1.51 1.60 1.58 1.64 1.73

Competitive Comparison of Repsol's Cyclically Adjusted FCF per Share

For the Oil & Gas Integrated subindustry, Repsol'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.


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

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

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



Repsol Cyclically Adjusted FCF per Share Calculation

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.

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, Repsol's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.673/121.2698*121.2698
=0.673

Current CPI (Dec. 2023) = 121.2698.

Repsol Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.540 100.139 0.654
201406 -0.887 101.081 -1.064
201409 0.618 100.441 0.746
201412 0.225 100.251 0.272
201503 0.389 99.474 0.474
201506 -0.439 101.138 -0.526
201509 0.568 99.559 0.692
201512 0.861 100.268 1.041
201603 0.294 98.638 0.361
201606 0.157 100.333 0.190
201609 0.196 99.737 0.238
201612 0.661 101.842 0.787
201703 0.189 100.896 0.227
201706 0.652 101.848 0.776
201709 0.499 101.524 0.596
201712 0.645 102.975 0.760
201803 0.190 102.122 0.226
201806 0.008 104.165 0.009
201809 0.575 103.818 0.672
201812 0.539 104.193 0.627
201903 0.222 103.488 0.260
201906 0.311 104.612 0.361
201909 0.356 103.905 0.415
201912 0.258 105.015 0.298
202003 -0.155 103.469 -0.182
202006 -0.075 104.254 -0.087
202009 0.664 103.521 0.778
202012 0.339 104.456 0.394
202103 0.375 104.857 0.434
202106 0.333 107.102 0.377
202109 0.651 107.669 0.733
202112 0.773 111.298 0.842
202203 0.096 115.153 0.101
202206 0.745 118.044 0.765
202209 1.502 117.221 1.554
202212 0.731 117.650 0.753
202303 0.608 118.948 0.620
202306 0.538 120.278 0.542
202309 0.056 121.343 0.056
202312 0.673 121.270 0.673

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Repsol  (OTCPK:REPYF) 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.

Repsol's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.95/1.73
=9.22

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Repsol was 18.62. The lowest was 6.76. And the median was 12.80.


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.


Repsol Cyclically Adjusted FCF per Share Related Terms

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


Repsol (Repsol) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Repsol SA (OTCPK:REPYF) » Definitions » Cyclically Adjusted FCF per Share
Address
Calle Mendez Alvaro, 44, Madrid, ESP, 28045
Repsol is a Spanish integrated oil and gas firm. In 2022, production was 550,000 barrels of oil equivalent a day (34% liquids), and proven reserves stood at 1.9 billion barrels of oil equivalent (33% oil). It also operates a downstream segment with refining capacity of 1.0 million barrels a day.

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