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Attock Refinery (KAR:ATRL) Cyclically Adjusted FCF per Share : ₨48.95 (As of Mar. 2024)


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What is Attock Refinery 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.

Attock Refinery's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₨-19.293. 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 ₨48.95 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Attock Refinery's average Cyclically Adjusted FCF Growth Rate was 122.30% 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.

As of today (2024-05-22), Attock Refinery's current stock price is ₨386.18. Attock Refinery's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₨48.95. Attock Refinery's Cyclically Adjusted Price-to-FCF of today is 7.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Attock Refinery was 17.81. The lowest was 6.19. And the median was 8.24.


Attock Refinery Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Attock Refinery'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.

Attock Refinery Cyclically Adjusted FCF per Share Chart

Attock Refinery Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -16.45 -1.87 21.63

Attock Refinery Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 21.61 21.63 41.11 47.28 48.95

Competitive Comparison of Attock Refinery's Cyclically Adjusted FCF per Share

For the Oil & Gas Refining & Marketing subindustry, Attock Refinery'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.


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

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

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



Attock Refinery 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, Attock Refinery's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-19.293/131.7762*131.7762
=-19.293

Current CPI (Mar. 2024) = 131.7762.

Attock Refinery Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -26.499 100.560 -34.725
201409 -43.389 100.428 -56.933
201412 -31.892 99.070 -42.421
201503 -29.882 99.621 -39.527
201506 -27.692 100.684 -36.244
201509 -5.048 100.392 -6.626
201512 -9.444 99.792 -12.471
201603 -42.137 100.470 -55.267
201606 7.084 101.688 9.180
201609 0.682 101.861 0.882
201612 6.380 101.863 8.254
201703 51.433 102.862 65.891
201706 -0.166 103.349 -0.212
201709 21.326 104.136 26.987
201712 -10.062 104.011 -12.748
201803 -7.331 105.290 -9.175
201806 60.508 106.317 74.998
201809 -69.170 106.507 -85.581
201812 54.137 105.998 67.303
201903 -5.466 107.251 -6.716
201906 37.460 108.070 45.677
201909 -18.981 108.329 -23.089
201912 13.144 108.420 15.976
202003 -17.525 108.902 -21.206
202006 -39.968 108.767 -48.423
202009 -25.898 109.815 -31.077
202012 16.801 109.897 20.146
202103 5.715 111.754 6.739
202106 16.732 114.631 19.235
202109 -11.290 115.734 -12.855
202112 -0.628 117.630 -0.704
202203 10.254 121.301 11.140
202206 145.079 125.017 152.923
202209 102.897 125.227 108.279
202212 115.990 125.222 122.061
202303 9.698 127.348 10.035
202306 -1.136 128.729 -1.163
202309 162.731 129.860 165.133
202312 113.063 129.419 115.122
202403 -19.293 131.776 -19.293

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


Attock Refinery  (KAR:ATRL) 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.

Attock Refinery's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=386.18/48.95
=7.89

* 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 Attock Refinery was 17.81. The lowest was 6.19. And the median was 8.24.


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.


Attock Refinery Cyclically Adjusted FCF per Share Related Terms

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


Attock Refinery (KAR:ATRL) Business Description

Industry
Traded in Other Exchanges
N/A
Address
The Refinery, Post Office, Morgah, Rawalpindi, PB, PAK
Attock Refinery Ltd is a Pakistan-based oil refining company. It is engaged in refining crude oil and supplying refined petroleum products. Its products include liquefied petroleum gas (LPG), naphtha, kerosene oil, high-speed diesel, furnace fuel oil, jet petroleum, motor gasoline, and light diesel oil. The company majorly operates in Pakistan. The company generates the majority of its revenue from High Speed Diesel, and Premier Motor Gasoline products.

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