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ATGFF (AltaGas) Cyclically Adjusted FCF per Share : $-0.71 (As of Mar. 2025)


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What is AltaGas 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.

AltaGas's adjusted free cash flow per share for the three months ended in Mar. 2025 was $0.643. 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 $-0.71 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -3.90% 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 AltaGas was 19.40% per year. The lowest was -66.30% per year. And the median was -16.60% per year.

As of today (2025-05-17), AltaGas's current stock price is $26.70. AltaGas's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $-0.71. AltaGas's Cyclically Adjusted Price-to-FCF of today is .


AltaGas Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AltaGas'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.

AltaGas Cyclically Adjusted FCF per Share Chart

AltaGas Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.71 -1.55 -0.99 -0.86 -0.71

AltaGas Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -0.82 -0.77 -0.81 -0.71 -0.71

Competitive Comparison of AltaGas's Cyclically Adjusted FCF per Share

For the Oil & Gas Midstream subindustry, AltaGas'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.


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

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

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


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AltaGas 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, AltaGas's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.643/129.1809*129.1809
=0.643

Current CPI (Mar. 2025) = 129.1809.

AltaGas Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.052 100.500 0.067
201509 -0.659 100.421 -0.848
201512 -0.589 99.947 -0.761
201603 -0.082 101.054 -0.105
201606 -0.257 102.002 -0.325
201609 -0.150 101.765 -0.190
201612 0.104 101.449 0.132
201703 0.496 102.634 0.624
201706 0.029 103.029 0.036
201709 -0.489 103.345 -0.611
201712 0.148 103.345 0.185
201803 0.460 105.004 0.566
201806 0.131 105.557 0.160
201809 -2.048 105.636 -2.504
201812 -1.492 105.399 -1.829
201903 0.513 106.979 0.619
201906 -0.329 107.690 -0.395
201909 -1.250 107.611 -1.501
201912 -0.889 107.769 -1.066
202003 0.732 107.927 0.876
202006 0.333 108.401 0.397
202009 -0.698 108.164 -0.834
202012 -0.628 108.559 -0.747
202103 1.184 110.298 1.387
202106 -0.116 111.720 -0.134
202109 -0.159 112.905 -0.182
202112 -1.097 113.774 -1.246
202203 1.408 117.646 1.546
202206 0.918 120.806 0.982
202209 -1.696 120.648 -1.816
202212 -1.619 120.964 -1.729
202303 1.007 122.702 1.060
202306 0.380 124.203 0.395
202309 -0.632 125.230 -0.652
202312 -0.298 125.072 -0.308
202403 0.699 126.258 0.715
202406 0.362 127.522 0.367
202409 -0.954 127.285 -0.968
202412 0.251 127.364 0.255
202503 0.643 129.181 0.643

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


AltaGas  (OTCPK:ATGFF) 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.


AltaGas Cyclically Adjusted FCF per Share Related Terms

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


AltaGas Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (OTCPK:ATGFF) » Definitions » Cyclically Adjusted FCF per Share
Address
707 - 5th Street S.W, Suite 1300, Calgary, AB, CAN, T2P 0Y3
AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities, and Corporate/other. Midstream business consists of export facilities and locates processing, fractionation, and logistics infrastructure, as well as hydrocarbon storage in North America that connects North American producers from wellhead to offshore export and domestic markets. The utility business is offered through its regulated natural gas utilities - Washington Gas and SEMCO. The business generates revenue from customers in both Canada and the United States, with the majority coming from Canadian customers.

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