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DHT Holdings (STU:D8EN) Cyclically Adjusted FCF per Share : €-0.01 (As of Mar. 2024)


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What is DHT Holdings 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.

DHT Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.376. 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 €-0.01 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 41.80% 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 DHT Holdings was 41.80% per year. The lowest was -54.80% per year. And the median was 1.55% per year.

As of today (2024-06-20), DHT Holdings's current stock price is €10.39. DHT Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-0.01. DHT Holdings's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DHT Holdings was 96.00. The lowest was 1.41. And the median was 4.36.


DHT Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for DHT Holdings'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.

DHT Holdings Cyclically Adjusted FCF per Share Chart

DHT Holdings 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 -1.27 -1.78 -0.30 -0.50 -0.39

DHT Holdings 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 -0.58 -0.47 -0.56 -0.39 -0.01

Competitive Comparison of DHT Holdings's Cyclically Adjusted FCF per Share

For the Oil & Gas Midstream subindustry, DHT Holdings'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.


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

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

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



DHT Holdings 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, DHT Holdings'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)
=0.376/131.7762*131.7762
=0.376

Current CPI (Mar. 2024) = 131.7762.

DHT Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.754 100.560 -0.988
201409 -0.437 100.428 -0.573
201412 0.138 99.070 0.184
201503 0.190 99.621 0.251
201506 0.087 100.684 0.114
201509 0.341 100.392 0.448
201512 -0.327 99.792 -0.432
201603 -0.446 100.470 -0.585
201606 0.246 101.688 0.319
201609 -0.401 101.861 -0.519
201612 0.256 101.863 0.331
201703 -0.238 102.862 -0.305
201706 -1.204 103.349 -1.535
201709 0.013 104.136 0.016
201712 -0.058 104.011 -0.073
201803 -0.011 105.290 -0.014
201806 -0.456 106.317 -0.565
201809 -0.376 106.507 -0.465
201812 -0.243 105.998 -0.302
201903 0.218 107.251 0.268
201906 0.185 108.070 0.226
201909 0.049 108.329 0.060
201912 0.108 108.420 0.131
202003 0.685 108.902 0.829
202006 0.924 108.767 1.119
202009 0.635 109.815 0.762
202012 0.336 109.897 0.403
202103 -0.639 111.754 -0.753
202106 0.080 114.631 0.092
202109 -0.026 115.734 -0.030
202112 0.025 117.630 0.028
202203 0.018 121.301 0.020
202206 0.124 125.017 0.131
202209 0.019 125.227 0.020
202212 0.517 125.222 0.544
202303 0.295 127.348 0.305
202306 0.389 128.729 0.398
202309 -0.216 129.860 -0.219
202312 0.228 129.419 0.232
202403 0.376 131.776 0.376

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


DHT Holdings  (STU:D8EN) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DHT Holdings was 96.00. The lowest was 1.41. And the median was 4.36.


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.


DHT Holdings Cyclically Adjusted FCF per Share Related Terms

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


DHT Holdings (STU:D8EN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (STU:D8EN) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
2 Church Street, Clarendon House, Hamilton, BMU, HM 11
DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.

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