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Cenovus Energy (STU:CXD) Cyclically Adjusted FCF per Share : €0.89 (As of Mar. 2025)


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What is Cenovus Energy 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.

Cenovus Energy's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.030. 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 €0.89 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Cenovus Energy's average Cyclically Adjusted FCF Growth Rate was 9.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 32.70% 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 Cenovus Energy was 32.70% per year. The lowest was 4.60% per year. And the median was 22.40% per year.

As of today (2025-05-22), Cenovus Energy's current stock price is €11.778. Cenovus Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.89. Cenovus Energy's Cyclically Adjusted Price-to-FCF of today is 13.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cenovus Energy was 46.51. The lowest was 4.35. And the median was 22.75.


Cenovus Energy Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Cenovus Energy'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.

Cenovus Energy Cyclically Adjusted FCF per Share Chart

Cenovus Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.39 0.65 0.77 0.84

Cenovus Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.86 0.90 0.86 0.84 0.89

Competitive Comparison of Cenovus Energy's Cyclically Adjusted FCF per Share

For the Oil & Gas Integrated subindustry, Cenovus Energy'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.


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

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

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


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Cenovus Energy 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, Cenovus Energy's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.03/129.1809*129.1809
=0.030

Current CPI (Mar. 2025) = 129.1809.

Cenovus Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.019 100.500 -0.024
201509 0.114 100.421 0.147
201512 -0.084 99.947 -0.109
201603 -0.115 101.054 -0.147
201606 -0.032 102.002 -0.041
201609 0.083 101.765 0.105
201612 -0.081 101.449 -0.103
201703 0.013 102.634 0.016
201706 0.548 103.029 0.687
201709 0.083 103.345 0.104
201712 0.168 103.345 0.210
201803 -0.333 105.004 -0.410
201806 0.106 105.557 0.130
201809 0.531 105.636 0.649
201812 0.105 105.399 0.129
201903 0.062 106.979 0.075
201906 0.555 107.690 0.666
201909 0.302 107.611 0.363
201912 0.233 107.769 0.279
202003 -0.098 107.927 -0.117
202006 -0.523 108.401 -0.623
202009 0.303 108.164 0.362
202012 0.000 108.559 0.000
202103 -0.105 110.298 -0.123
202106 0.278 111.720 0.321
202109 0.489 112.905 0.559
202112 0.453 113.774 0.514
202203 0.217 117.646 0.238
202206 0.767 120.806 0.820
202209 1.233 120.648 1.320
202212 0.581 120.964 0.620
202303 -0.484 122.702 -0.510
202306 0.353 124.203 0.367
202309 0.623 125.230 0.643
202312 0.642 125.072 0.663
202403 0.322 126.258 0.329
202406 0.599 127.522 0.607
202409 0.403 127.285 0.409
202412 0.201 127.364 0.204
202503 0.030 129.181 0.030

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


Cenovus Energy  (STU:CXD) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=11.778/0.89
=13.23

* 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 Cenovus Energy was 46.51. The lowest was 4.35. And the median was 22.75.


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.


Cenovus Energy Cyclically Adjusted FCF per Share Related Terms

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


Cenovus Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cenovus Energy Inc (STU:CXD) » Definitions » Cyclically Adjusted FCF per Share
Address
225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2
Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

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