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As of today, Targa Resources Corp's share price is $45.65. Targa Resources Corp's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2016 was $4.23. Hence, Targa Resources Corp's Price-to-Free-Cash-Flow Ratio for today is 10.78.
During the past 8 years, Targa Resources Corp's highest Price-to-Free-Cash-Flow Ratio was 91.47. The lowest was 1.61. And the median was 16.63.
During the past 12 months, the average Free Cash Flow per Share Growth Rate of Targa Resources Corp was 269.50% per year.
Targa Resources Corp's Price-to-Free-Cash-Flow ratio for today is calculated as
|Price-to-Free-Cash-Flow Ratio||=||Share Price||/||Free Cash Flow per Share (TTM)|
Targa Resources Corp's Share Price of today is $45.65.
Targa Resources Corp's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2016 was 0.396 (Sep. 2015 ) + 2.748 (Dec. 2015 ) + 0.48 (Mar. 2016 ) + 0.61 (Jun. 2016 ) = $4.23.
It can also be calculated from the numbers for the whole company:
Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.
In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.
In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, managements decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.
Targa Resources Corp Annual Data
Targa Resources Corp Quarterly Data