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Schlumberger (LTS:0SCL) Cyclically Adjusted FCF per Share : $3.25 (As of Sep. 2024)


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What is Schlumberger 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.

Schlumberger's adjusted free cash flow per share for the three months ended in Sep. 2024 was $1.291. 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 $3.25 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Schlumberger's average Cyclically Adjusted FCF Growth Rate was -8.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 3.80% 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 Schlumberger was 30.10% per year. The lowest was -3.10% per year. And the median was 7.20% per year.

As of today (2024-12-13), Schlumberger's current stock price is $41.175. Schlumberger's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $3.25. Schlumberger's Cyclically Adjusted Price-to-FCF of today is 12.67.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Schlumberger was 35.43. The lowest was 4.41. And the median was 14.53.


Schlumberger Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Schlumberger'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.

Schlumberger Cyclically Adjusted FCF per Share Chart

Schlumberger 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 3.59 6.53 3.38 3.52 3.41

Schlumberger Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.56 3.41 3.36 3.30 3.25

Competitive Comparison of Schlumberger's Cyclically Adjusted FCF per Share

For the Oil & Gas Equipment & Services subindustry, Schlumberger'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.


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

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

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



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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.291/133.0289*133.0289
=1.291

Current CPI (Sep. 2024) = 133.0289.

Schlumberger Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 2.011 99.070 2.700
201503 0.827 99.621 1.104
201506 1.255 100.684 1.658
201509 1.445 100.392 1.915
201512 1.107 99.792 1.476
201603 0.392 100.470 0.519
201606 0.732 101.688 0.958
201609 0.599 101.861 0.782
201612 0.880 101.863 1.149
201703 0.113 102.862 0.146
201706 0.203 103.349 0.261
201709 0.910 104.136 1.162
201712 1.133 104.011 1.449
201803 0.063 105.290 0.080
201806 0.320 106.317 0.400
201809 0.895 106.507 1.118
201812 1.201 105.998 1.507
201903 -0.094 107.251 -0.117
201906 0.459 108.070 0.565
201909 0.910 108.329 1.117
201912 1.233 108.420 1.513
202003 0.247 108.902 0.302
202006 0.379 108.767 0.464
202009 0.183 109.815 0.222
202012 0.434 109.897 0.525
202103 0.172 111.754 0.205
202106 0.692 114.631 0.803
202109 0.560 115.734 0.644
202112 1.003 117.630 1.134
202203 -0.121 121.301 -0.133
202206 0.033 125.017 0.035
202209 0.770 125.227 0.818
202212 0.710 125.222 0.754
202303 -0.091 127.348 -0.095
202306 0.825 128.729 0.853
202309 0.757 129.860 0.775
202312 1.657 129.419 1.703
202403 -0.070 131.776 -0.071
202406 0.694 132.554 0.696
202409 1.291 133.029 1.291

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


Schlumberger  (LTS:0SCL) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=41.175/3.25
=12.67

* 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 Schlumberger was 35.43. The lowest was 4.41. And the median was 14.53.


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.


Schlumberger Cyclically Adjusted FCF per Share Related Terms

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


Schlumberger Business Description

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5599 San Felipe, 17th Floor, Houston, TX, USA, 77056
SLB is the world's premier oilfield-services company as measured by market share. While the industry is mostly fragmented, SLB holds the first or second competitive position in many of the differentiated oligopolies it operates in. Also known as Schlumberger, the company was founded in 1926 by two brothers bearing the same last name. Today it's most known as a global industry leader in innovation, while it focuses its strategy on its three growth engines: its core, digital, and new energy businesses. Over three fourths of its revenue base is tied to international markets, while the company boasts well over $1 billion in digital-related revenue.

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