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Subsea 7 (LTS:0OGK) Cyclically Adjusted FCF per Share : kr8.59 (As of Mar. 2024)


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What is Subsea 7 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.

Subsea 7's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr-3.387. 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 kr8.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Subsea 7's average Cyclically Adjusted FCF Growth Rate was 13.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 21.60% 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 Subsea 7 was 146.50% per year. The lowest was -71.00% per year. And the median was 9.35% per year.

As of today (2024-06-07), Subsea 7's current stock price is kr189.20. Subsea 7's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr8.59. Subsea 7's Cyclically Adjusted Price-to-FCF of today is 22.03.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Subsea 7 was 481.92. The lowest was 9.03. And the median was 18.59.


Subsea 7 Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Subsea 7'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.

Subsea 7 Cyclically Adjusted FCF per Share Chart

Subsea 7 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 5.00 5.35 6.67 8.64 8.82

Subsea 7 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 7.61 7.13 7.97 8.82 8.59

Competitive Comparison of Subsea 7's Cyclically Adjusted FCF per Share

For the Oil & Gas Equipment & Services subindustry, Subsea 7'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.


Subsea 7's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Subsea 7's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Subsea 7's Cyclically Adjusted Price-to-FCF falls into.



Subsea 7 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, Subsea 7'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)
=-3.387/131.6000*131.6000
=-3.387

Current CPI (Mar. 2024) = 131.6000.

Subsea 7 Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 5.164 99.800 6.809
201409 2.497 100.000 3.286
201412 3.269 99.900 4.306
201503 -6.316 99.600 -8.345
201506 2.975 100.100 3.911
201509 5.320 100.200 6.987
201512 8.654 100.400 11.343
201603 4.920 100.400 6.449
201606 1.806 101.000 2.353
201609 3.885 101.500 5.037
201612 7.623 102.200 9.816
201703 0.784 102.700 1.005
201706 0.045 103.500 0.057
201709 0.878 104.300 1.108
201712 -0.412 105.000 -0.516
201803 -1.725 105.100 -2.160
201806 -0.139 105.900 -0.173
201809 2.916 106.600 3.600
201812 3.768 107.100 4.630
201903 -0.265 107.000 -0.326
201906 -0.283 107.900 -0.345
201909 1.140 108.400 1.384
201912 2.426 108.500 2.943
202003 -0.370 108.600 -0.448
202006 5.960 108.800 7.209
202009 3.135 109.200 3.778
202012 -0.366 109.400 -0.440
202103 1.338 109.700 1.605
202106 -0.540 111.400 -0.638
202109 -1.270 112.400 -1.487
202112 4.288 114.700 4.920
202203 -0.413 116.500 -0.467
202206 1.407 120.500 1.537
202209 4.632 122.300 4.984
202212 3.232 125.300 3.395
202303 -7.911 126.800 -8.210
202306 -8.159 129.400 -8.298
202309 7.916 130.100 8.007
202312 10.603 130.500 10.692
202403 -3.387 131.600 -3.387

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


Subsea 7  (LTS:0OGK) 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.

Subsea 7's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=189.20/8.59
=22.03

* 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 Subsea 7 was 481.92. The lowest was 9.03. And the median was 18.59.


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.


Subsea 7 Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Subsea 7's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Subsea 7 (LTS:0OGK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Subsea 7 SA (LTS:0OGK) » Definitions » Cyclically Adjusted FCF per Share
Address
40 Brighton Road, Surrey, Sutton, GBR, SM2 5BN
Subsea 7 is one of the largest engineering and construction, or E&C, service providers in the offshore oil and gas industry. It provides a range of services, including subsea umbilicals, risers, and flowlines (SURF), fabrication, installation, maintenance, and heavy lifting, among many others. It's recently begun to develop expertise in renewables, particularly offshore wind farms, which require equipment and expertise similar to offshore oil and gas developments.

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