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EOG Resources (FRA:EO5) Cyclically Adjusted FCF per Share : €3.31 (As of Dec. 2023)


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What is EOG Resources 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.

EOG Resources's adjusted free cash flow per share for the three months ended in Dec. 2023 was €2.484. 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 €3.31 for the trailing ten years ended in Dec. 2023.

During the past 12 months, EOG Resources's average Cyclically Adjusted FCF Growth Rate was 33.00% 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 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 EOG Resources was 49.10% per year. The lowest was -202.20% per year. And the median was -6.60% per year.

As of today (2024-04-30), EOG Resources's current stock price is €126.50. EOG Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €3.31. EOG Resources's Cyclically Adjusted Price-to-FCF of today is 38.22.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of EOG Resources was 1252.14. The lowest was 30.02. And the median was 60.34.


EOG Resources Cyclically Adjusted FCF per Share Historical Data

The historical data trend for EOG Resources'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.

EOG Resources Cyclically Adjusted FCF per Share Chart

EOG Resources 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 -1.04 -0.21 1.01 2.56 3.31

EOG Resources 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 2.56 2.88 3.00 3.29 3.31

Competitive Comparison of EOG Resources's Cyclically Adjusted FCF per Share

For the Oil & Gas E&P subindustry, EOG Resources'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.


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

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

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



EOG Resources 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, EOG Resources'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)
=2.484/129.4194*129.4194
=2.484

Current CPI (Dec. 2023) = 129.4194.

EOG Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.482 99.695 0.626
201406 -0.389 100.560 -0.501
201409 0.316 100.428 0.407
201412 0.153 99.070 0.200
201503 -0.992 99.621 -1.289
201506 -0.617 100.684 -0.793
201509 -0.368 100.392 -0.474
201512 -0.381 99.792 -0.494
201603 -0.463 100.470 -0.596
201606 -0.182 101.688 -0.232
201609 0.172 101.861 0.219
201612 0.106 101.863 0.135
201703 -0.078 102.862 -0.098
201706 0.079 103.349 0.099
201709 -0.192 104.136 -0.239
201712 0.395 104.011 0.491
201803 0.155 105.290 0.191
201806 0.380 106.317 0.463
201809 0.796 106.507 0.967
201812 1.186 105.998 1.448
201903 -0.599 107.251 -0.723
201906 1.714 108.070 2.053
201909 0.892 108.329 1.066
201912 0.681 108.420 0.813
202003 1.398 108.902 1.661
202006 -0.552 108.767 -0.657
202009 1.066 109.815 1.256
202012 0.398 109.897 0.469
202103 1.373 111.754 1.590
202106 0.762 114.631 0.860
202109 1.892 115.734 2.116
202112 3.261 117.630 3.588
202203 -0.280 121.301 -0.299
202206 1.004 125.017 1.039
202209 6.139 125.227 6.345
202212 3.348 125.222 3.460
202303 2.595 127.348 2.637
202306 1.195 128.729 1.201
202309 1.906 129.860 1.900
202312 2.484 129.419 2.484

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


EOG Resources  (FRA:EO5) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=126.50/3.31
=38.22

* 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 EOG Resources was 1252.14. The lowest was 30.02. And the median was 60.34.


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.


EOG Resources Cyclically Adjusted FCF per Share Related Terms

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


EOG Resources (FRA:EO5) Business Description

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1111 Bagby, Sky Lobby 2, Houston, TX, USA, 77002
EOG Resources is an oil and gas producer with acreage in several U.S. shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. At the end of 2022, it reported net proved reserves of 4.2 billion barrels of oil equivalent. Net production averaged 908 thousand barrels of oil equivalent per day in 2022 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

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