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Eidesvik Offshore ASA (OSL:EIOF) Cyclically Adjusted FCF per Share : kr2.31 (As of Dec. 2023)


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What is Eidesvik Offshore ASA 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.

Eidesvik Offshore ASA's adjusted free cash flow per share for the three months ended in Dec. 2023 was kr0.799. 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 kr2.31 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Eidesvik Offshore ASA's average Cyclically Adjusted FCF Growth Rate was -32.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -4.40% 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 Eidesvik Offshore ASA was 17.60% per year. The lowest was -33.10% per year. And the median was -9.05% per year.

As of today (2024-05-15), Eidesvik Offshore ASA's current stock price is kr16.26. Eidesvik Offshore ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was kr2.31. Eidesvik Offshore ASA's Cyclically Adjusted Price-to-FCF of today is 7.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Eidesvik Offshore ASA was 7.05. The lowest was 1.27. And the median was 2.21.


Eidesvik Offshore ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Eidesvik Offshore ASA'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.

Eidesvik Offshore ASA Cyclically Adjusted FCF per Share Chart

Eidesvik Offshore ASA 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 2.61 1.42 1.05 3.42 2.31

Eidesvik Offshore ASA 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 3.42 3.14 2.69 2.38 2.31

Competitive Comparison of Eidesvik Offshore ASA's Cyclically Adjusted FCF per Share

For the Oil & Gas Equipment & Services subindustry, Eidesvik Offshore ASA'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.


Eidesvik Offshore ASA's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Eidesvik Offshore ASA 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, Eidesvik Offshore ASA'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)
=0.799/131.9000*131.9000
=0.799

Current CPI (Dec. 2023) = 131.9000.

Eidesvik Offshore ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.255 97.300 1.701
201406 1.411 97.500 1.909
201409 4.522 98.500 6.055
201412 1.979 98.600 2.647
201503 -22.939 99.200 -30.501
201506 3.902 100.100 5.142
201509 4.183 100.600 5.484
201512 6.330 100.900 8.275
201603 0.495 102.500 0.637
201606 2.123 103.800 2.698
201609 1.418 104.200 1.795
201612 3.122 104.400 3.944
201703 5.869 105.000 7.373
201706 0.592 105.800 0.738
201709 0.132 105.900 0.164
201712 1.418 106.100 1.763
201803 -0.761 107.300 -0.935
201806 0.319 108.500 0.388
201809 -0.105 109.500 -0.126
201812 1.134 109.800 1.362
201903 -0.221 110.400 -0.264
201906 0.082 110.600 0.098
201909 0.786 111.100 0.933
201912 0.568 111.300 0.673
202003 0.066 111.200 0.078
202006 0.460 112.100 0.541
202009 0.750 112.900 0.876
202012 0.374 112.900 0.437
202103 -0.742 114.600 -0.854
202106 0.236 115.300 0.270
202109 0.992 117.500 1.114
202112 0.444 118.900 0.493
202203 -1.168 119.800 -1.286
202206 -0.051 122.600 -0.055
202209 1.526 125.600 1.603
202212 1.382 125.900 1.448
202303 -4.669 127.600 -4.826
202306 -0.533 130.400 -0.539
202309 1.070 129.800 1.087
202312 0.799 131.900 0.799

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


Eidesvik Offshore ASA  (OSL:EIOF) 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.

Eidesvik Offshore ASA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=16.26/2.31
=7.04

* 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 Eidesvik Offshore ASA was 7.05. The lowest was 1.27. And the median was 2.21.


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.


Eidesvik Offshore ASA Cyclically Adjusted FCF per Share Related Terms

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


Eidesvik Offshore ASA (OSL:EIOF) Business Description

Industry
Traded in Other Exchanges
Address
Vestvikvegen 1, Bomlo, NOR, NO-5443
Eidesvik Offshore ASA is a Norway based shipping company engaged in offering services in the maritime sector. The group operates ships in the business areas of Seismic, Subsea, Supply and Other. The Seismic segment provides shipping services to customers that produce seismic data. The ships belonging to Seismic segment operates all over the world according to customer needs. The Subsea segment provides shipping services for subsea work for the oil industry and its ships are adapted for work such as underwater inspection, maintenance, and construction. The Supply segment supplies services to the oil industry offshore.

Eidesvik Offshore ASA (OSL:EIOF) Headlines

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