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Ring Energy (STU:KWE1) Cyclically Adjusted FCF per Share : €-1.24 (As of Mar. 2024)


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What is Ring 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.

Ring Energy's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.026. 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 €-1.24 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 0.50% 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 Ring Energy was 3.50% per year. The lowest was -15.80% per year. And the median was -5.85% per year.

As of today (2024-06-20), Ring Energy's current stock price is €1.46. Ring Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-1.24. Ring Energy's Cyclically Adjusted Price-to-FCF of today is .


Ring Energy Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ring 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.

Ring Energy Cyclically Adjusted FCF per Share Chart

Ring Energy 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 - - - - -1.29

Ring Energy 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 -1.46 -1.46 -1.45 -1.29 -1.24

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

For the Oil & Gas E&P subindustry, Ring 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.


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

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

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



Ring 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, Ring Energy'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)
=0.026/131.7762*131.7762
=0.026

Current CPI (Mar. 2024) = 131.7762.

Ring Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.612 100.560 -0.802
201409 -0.476 100.428 -0.625
201412 -0.618 99.070 -0.822
201503 -0.568 99.621 -0.751
201506 -2.521 100.684 -3.300
201509 -0.107 100.392 -0.140
201512 -0.117 99.792 -0.154
201603 -0.167 100.470 -0.219
201606 -0.132 101.688 -0.171
201609 -0.129 101.861 -0.167
201612 -0.209 101.863 -0.270
201703 -0.288 102.862 -0.369
201706 -0.763 103.349 -0.973
201709 -0.471 104.136 -0.596
201712 -0.390 104.011 -0.494
201803 -0.697 105.290 -0.872
201806 -0.465 106.317 -0.576
201809 -0.369 106.507 -0.457
201812 -0.328 105.998 -0.408
201903 -0.633 107.251 -0.778
201906 -3.505 108.070 -4.274
201909 -0.119 108.329 -0.145
201912 3.632 108.420 4.414
202003 0.035 108.902 0.042
202006 -0.049 108.767 -0.059
202009 0.141 109.815 0.169
202012 0.171 109.897 0.205
202103 0.030 111.754 0.035
202106 0.044 114.631 0.051
202109 0.034 115.734 0.039
202112 0.052 117.630 0.058
202203 0.075 121.301 0.081
202206 0.032 125.017 0.034
202209 0.223 125.227 0.235
202212 0.102 125.222 0.107
202303 0.033 127.348 0.034
202306 0.033 128.729 0.034
202309 0.067 129.860 0.068
202312 0.071 129.419 0.072
202403 0.026 131.776 0.026

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


Ring Energy  (STU:KWE1) 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.


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.


Ring Energy Cyclically Adjusted FCF per Share Related Terms

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


Ring Energy (STU:KWE1) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ring Energy Inc (STU:KWE1) » Definitions » Cyclically Adjusted FCF per Share
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Address
1725 Hughes Landing Boulevard, Suite 900, The Woodlands, TX, USA, 77380
Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquids rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.

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