Parex Resources (TSX:PXT) 3-Year FCF Growth Rate : -40.80% (As of Dec. 2023)

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What is Parex Resources 3-Year FCF Growth Rate?

Parex Resources's Free Cash Flow per Share for the three months ended in Dec. 2023 was C$1.86.

During the past 12 months, Parex Resources's average Free Cash Flow per Share Growth Rate was -93.90% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was -40.80% per year. During the past 5 years, the average Free Cash Flow per Share Growth Rate was -17.80% per year. During the past 10 years, the average Free Cash Flow per Share Growth Rate was 12.00% 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 average Free Cash Flow per Share growth rate.

During the past 13 years, the highest 3-Year average Free Cash Flow per Share Growth Rate of Parex Resources was 45.70% per year. The lowest was -40.80% per year. And the median was 22.35% per year.

Competitive Comparison of Parex Resources's 3-Year FCF Growth Rate

For the Oil & Gas E&P subindustry, Parex Resources's 3-Year FCF Growth Rate, along with its competitors' market caps and 3-Year FCF Growth Rate 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.

Parex Resources's 3-Year FCF Growth Rate Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Parex Resources's 3-Year FCF Growth Rate distribution charts can be found below:

* The bar in red indicates where Parex Resources's 3-Year FCF Growth Rate falls into.

Parex Resources 3-Year FCF Growth Rate Calculation

This is the 3-year average growth rate of Free Cash Flow per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

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 average Free Cash Flow per Share growth rate.

Parex Resources (TSX:PXT) 3-Year FCF Growth Rate Explanation

Free Cash Flow per Share is the amount of Free Cash Flow per outstanding share of the company's stock. Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company. It's used in the calculation of Forward Rate of Return (Yacktman) %.

Parex Resources 3-Year FCF Growth Rate Related Terms

Thank you for viewing the detailed overview of Parex Resources's 3-Year FCF Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Parex Resources (TSX:PXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (TSX:PXT) » Definitions » 3-Year FCF Growth Rate

Comparable Companies

Traded in Other Exchanges

PARXF:USA QPX:Germany

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.

Parex Resources (TSX:PXT) Headlines

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