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Icahn Enterprises LP (Icahn Enterprises LP) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Icahn Enterprises LP Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Icahn Enterprises LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Icahn Enterprises LP'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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Icahn Enterprises LP Cyclically Adjusted Price-to-FCF Chart

Icahn Enterprises LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Icahn Enterprises LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Icahn Enterprises LP's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Refining & Marketing subindustry, Icahn Enterprises 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.


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

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

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



Icahn Enterprises LP 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.

Icahn Enterprises LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Icahn Enterprises LP'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)
=0.03/129.4194*129.4194
=0.030

Current CPI (Dec. 2023) = 129.4194.

Icahn Enterprises LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -9.216 99.695 -11.964
201406 -2.875 100.560 -3.700
201409 -1.492 100.428 -1.923
201412 -1.598 99.070 -2.088
201503 -4.404 99.621 -5.721
201506 -0.217 100.684 -0.279
201509 0.149 100.392 0.192
201512 -0.425 99.792 -0.551
201603 3.030 100.470 3.903
201606 1.267 101.688 1.613
201609 0.978 101.861 1.243
201612 1.846 101.863 2.345
201703 -4.309 102.862 -5.422
201706 -3.294 103.349 -4.125
201709 -0.470 104.136 -0.584
201712 -2.453 104.011 -3.052
201803 -3.754 105.290 -4.614
201806 0.303 106.317 0.369
201809 4.049 106.507 4.920
201812 2.758 105.998 3.367
201903 -1.848 107.251 -2.230
201906 -8.117 108.070 -9.721
201909 -0.589 108.329 -0.704
201912 1.689 108.420 2.016
202003 -6.664 108.902 -7.920
202006 0.805 108.767 0.958
202009 8.170 109.815 9.629
202012 -5.082 109.897 -5.985
202103 -2.441 111.754 -2.827
202106 0.303 114.631 0.342
202109 1.312 115.734 1.467
202112 0.673 117.630 0.740
202203 6.237 121.301 6.654
202206 1.993 125.017 2.063
202209 1.886 125.227 1.949
202212 -6.968 125.222 -7.202
202303 0.534 127.348 0.543
202306 4.515 128.729 4.539
202309 3.995 129.860 3.981
202312 0.030 129.419 0.030

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.


Icahn Enterprises LP  (NAS:IEP) 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.


Icahn Enterprises LP Cyclically Adjusted Price-to-FCF Related Terms

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Icahn Enterprises LP (Icahn Enterprises LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
16690 Collins Avenue, PH-1, Penthouse Suite, Sunny Isles Beach, FL, USA, 33160
Icahn Enterprises LP is a provider of diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company. Geographically, it generates maximum revenue from the United States.
Executives
Brett Icahn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
David Willetts director, officer: President and CEO 16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Ted Papapostolou director, officer: CFO & Chief Accounting Officer 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
A B Krongard director C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230
Aris Kekedjian director, officer: President and CEO 655 THIRD AVENUE, 8TH FLOOR, 10017 NY 10017
Nancy Martori Dunlap director C/O CVR REFINING, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Carl C Icahn director, 10 percent owner, officer: Chairman of the Board of GP C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Stephen A Mongillo director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Denise Barton director 3149 STERLINGSHIRE DRIVE, LAS VEGAS NV 89146
Jack Gumpert Wasserman director 510 EAST 86TH STREET, NEW YORK NY 10028-7504
Michael Nevin director C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153
James Larry Nelson director 2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Keith Cozza director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Sunghwan Cho officer: Chief Financial Officer C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Peter Reck officer: Principal Accounting Officer C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153