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Pakistan Petroleum (KAR:PPL) Cyclically Adjusted FCF per Share : ₨4.86 (As of Mar. 2024)


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What is Pakistan Petroleum 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.

Pakistan Petroleum's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₨4.472. 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 ₨4.86 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pakistan Petroleum's average Cyclically Adjusted FCF Growth Rate was 1.90% 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.

As of today (2024-06-16), Pakistan Petroleum's current stock price is ₨119.76. Pakistan Petroleum's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₨4.86. Pakistan Petroleum's Cyclically Adjusted Price-to-FCF of today is 24.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Pakistan Petroleum was 30.76. The lowest was 9.17. And the median was 14.46.


Pakistan Petroleum Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Pakistan Petroleum'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.

Pakistan Petroleum Cyclically Adjusted FCF per Share Chart

Pakistan Petroleum 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 - - 5.37 5.99 3.77

Pakistan Petroleum 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 4.77 3.77 4.38 4.35 4.86

Competitive Comparison of Pakistan Petroleum's Cyclically Adjusted FCF per Share

For the Oil & Gas E&P subindustry, Pakistan Petroleum'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.


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

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

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



Pakistan Petroleum 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, Pakistan Petroleum'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)
=4.472/131.7762*131.7762
=4.472

Current CPI (Mar. 2024) = 131.7762.

Pakistan Petroleum Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.844 100.560 2.416
201409 4.438 100.428 5.823
201412 0.298 99.070 0.396
201503 1.681 99.621 2.224
201506 -3.118 100.684 -4.081
201509 2.039 100.392 2.676
201512 1.603 99.792 2.117
201603 1.502 100.470 1.970
201606 -1.652 101.688 -2.141
201609 0.066 101.861 0.085
201612 1.023 101.863 1.323
201703 2.436 102.862 3.121
201706 -0.772 103.349 -0.984
201709 1.422 104.136 1.799
201712 3.296 104.011 4.176
201803 -1.780 105.290 -2.228
201806 -1.801 106.317 -2.232
201809 -1.212 106.507 -1.500
201812 -1.707 105.998 -2.122
201903 1.204 107.251 1.479
201906 0.600 108.070 0.732
201909 -3.307 108.329 -4.023
201912 -0.992 108.420 -1.206
202003 2.903 108.902 3.513
202006 0.360 108.767 0.436
202009 2.736 109.815 3.283
202012 5.298 109.897 6.353
202103 -0.155 111.754 -0.183
202106 6.547 114.631 7.526
202109 2.718 115.734 3.095
202112 -0.110 117.630 -0.123
202203 0.249 121.301 0.271
202206 4.051 125.017 4.270
202209 1.170 125.227 1.231
202212 -0.751 125.222 -0.790
202303 -2.840 127.348 -2.939
202306 0.129 128.729 0.132
202309 1.900 129.860 1.928
202312 6.149 129.419 6.261
202403 4.472 131.776 4.472

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


Pakistan Petroleum  (KAR:PPL) 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.

Pakistan Petroleum's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=119.76/4.86
=24.64

* 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 Pakistan Petroleum was 30.76. The lowest was 9.17. And the median was 14.46.


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.


Pakistan Petroleum Cyclically Adjusted FCF per Share Related Terms

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


Pakistan Petroleum (KAR:PPL) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Dr. Ziauddin Ahmed Road, P.O. Box 3942, 4th Floor, PIDC House, Karachi, SD, PAK, 75530
Pakistan Petroleum Ltd, or PPL is a Pakistan-based company operates in the natural gas industry. The company along with its subsidiaries is engaged in conducting exploration, prospecting, development, and production of oil and natural gas resources. It operates several producing fields across the country at Sui, Adhi, Kandhkot, Chachar, Mazarani, Adam, Adam West, Shadadpur and Shahdadpur West.

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