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Tidewater (STU:TD9) Cyclically Adjusted FCF per Share : €-1.27 (As of Mar. 2024)


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What is Tidewater 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.

Tidewater's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.762. 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 €-1.27 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-05-25), Tidewater's current stock price is €94.66. Tidewater's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-1.27. Tidewater's Cyclically Adjusted Price-to-FCF of today is .


Tidewater Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tidewater'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.

Tidewater Cyclically Adjusted FCF per Share Chart

Tidewater Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -1.58

Tidewater 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 -1.88 -1.70 -1.82 -1.58 -1.27

Competitive Comparison of Tidewater's Cyclically Adjusted FCF per Share

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


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

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

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



Tidewater 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, Tidewater'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)
=0.762/131.7762*131.7762
=0.762

Current CPI (Mar. 2024) = 131.7762.

Tidewater Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201303 0.000 98.209 0.000
201306 -6.277 98.518 -8.396
201309 -2.336 98.790 -3.116
201403 0.000 99.695 0.000
201406 -0.356 100.560 -0.467
201409 2.767 100.428 3.631
201503 0.000 99.621 0.000
201506 0.005 100.684 0.007
201509 1.197 100.392 1.571
201603 0.000 100.470 0.000
201606 -0.891 101.688 -1.155
201609 0.404 101.861 0.523
201703 0.000 102.862 0.000
201706 -1.205 103.349 -1.536
201709 0.000 104.136 0.000
201803 -0.265 105.290 -0.332
201806 0.655 106.317 0.812
201809 0.061 106.507 0.075
201812 -0.863 105.998 -1.073
201903 -0.149 107.251 -0.183
201906 -0.549 108.070 -0.669
201909 -0.496 108.329 -0.603
201912 0.028 108.420 0.034
202003 -0.676 108.902 -0.818
202006 0.288 108.767 0.349
202009 0.295 109.815 0.354
202012 -0.163 109.897 -0.195
202103 0.093 111.754 0.110
202106 0.085 114.631 0.098
202109 -0.067 115.734 -0.076
202112 0.012 117.630 0.013
202203 -0.282 121.301 -0.306
202206 -0.583 125.017 -0.615
202209 0.427 125.227 0.449
202212 0.781 125.222 0.822
202303 0.074 127.348 0.077
202306 0.016 128.729 0.016
202309 0.511 129.860 0.519
202312 0.659 129.419 0.671
202403 0.762 131.776 0.762

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


Tidewater  (STU:TD9) 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.


Tidewater Cyclically Adjusted FCF per Share Related Terms

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


Tidewater (STU:TD9) Business Description

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Address
842 West Sam Houston Parkway North, Suite 400, Houston, TX, USA, 77024
Tidewater Inc provides offshore service vessels and marine support services to the global offshore energy industry through the operation of a diversified fleet of marine service vessels. The company's vessels and associated vessel services provide support for all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and remotely operated vehicle operations and a variety of specialized services. The company operates in the following principal geographical areas the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. The majority of its revenue is derived from West Africa.

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