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INA-Industrija Nafte DD (ZAG:INA) Cyclically Adjusted FCF per Share : €22.15 (As of Mar. 2024)


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What is INA-Industrija Nafte DD 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.

INA-Industrija Nafte DD's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-19.260. 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 €22.15 for the trailing ten years ended in Mar. 2024.

During the past 12 months, INA-Industrija Nafte DD's average Cyclically Adjusted FCF Growth Rate was -2.50% 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.

As of today (2024-06-04), INA-Industrija Nafte DD's current stock price is €520.00. INA-Industrija Nafte DD's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €22.15. INA-Industrija Nafte DD's Cyclically Adjusted Price-to-FCF of today is 23.48.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of INA-Industrija Nafte DD was 27.13. The lowest was 18.94. And the median was 21.59.


INA-Industrija Nafte DD Cyclically Adjusted FCF per Share Historical Data

The historical data trend for INA-Industrija Nafte DD'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.

INA-Industrija Nafte DD Cyclically Adjusted FCF per Share Chart

INA-Industrija Nafte DD 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 - - 21.52 23.19 23.86

INA-Industrija Nafte DD 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 22.72 19.05 22.24 23.86 22.15

Competitive Comparison of INA-Industrija Nafte DD's Cyclically Adjusted FCF per Share

For the Oil & Gas E&P subindustry, INA-Industrija Nafte DD'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.


INA-Industrija Nafte DD's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where INA-Industrija Nafte DD's Cyclically Adjusted Price-to-FCF falls into.



INA-Industrija Nafte DD 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, INA-Industrija Nafte DD'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)
=-19.26/131.7762*131.7762
=-19.260

Current CPI (Mar. 2024) = 131.7762.

INA-Industrija Nafte DD Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 4.809 100.560 6.302
201409 6.350 100.428 8.332
201412 16.232 99.070 21.591
201503 -12.202 99.621 -16.140
201506 5.124 100.684 6.706
201509 11.669 100.392 15.317
201512 -0.476 99.792 -0.629
201603 -4.918 100.470 -6.450
201606 -0.890 101.688 -1.153
201609 5.948 101.861 7.695
201612 10.817 101.863 13.994
201703 -5.302 102.862 -6.792
201706 11.875 103.349 15.141
201709 10.634 104.136 13.457
201712 -2.415 104.011 -3.060
201803 1.127 105.290 1.411
201806 7.152 106.317 8.865
201809 5.562 106.507 6.882
201812 -2.154 105.998 -2.678
201903 10.183 107.251 12.512
201906 -7.068 108.070 -8.618
201909 -0.998 108.329 -1.214
201912 11.351 108.420 13.796
202003 -3.697 108.902 -4.474
202006 4.607 108.767 5.582
202009 -0.358 109.815 -0.430
202012 11.732 109.897 14.068
202103 -5.303 111.754 -6.253
202106 13.030 114.631 14.979
202109 4.180 115.734 4.759
202112 15.549 117.630 17.419
202203 -3.980 121.301 -4.324
202206 -19.874 125.017 -20.949
202209 14.821 125.227 15.596
202212 53.477 125.222 56.276
202303 -7.434 127.348 -7.693
202306 -13.454 128.729 -13.773
202309 28.941 129.860 29.368
202312 34.754 129.419 35.387
202403 -19.260 131.776 -19.260

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


INA-Industrija Nafte DD  (ZAG:INA) 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.

INA-Industrija Nafte DD's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=520.00/22.15
=23.48

* 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 INA-Industrija Nafte DD was 27.13. The lowest was 18.94. And the median was 21.59.


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.


INA-Industrija Nafte DD Cyclically Adjusted FCF per Share Related Terms

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


INA-Industrija Nafte DD (ZAG:INA) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Avenija Veceslava, Holjevca 10, Zagreb, HRV, 10 020
INA-Industrija Nafte dd is a medium-sized European oil and gas company. It is engaged in exploration and production of oil and gas deposits, import of natural gas and sale of imported and domestically produced natural gas to industrial consumers and municipal gas distributors, refining and production of oil products through refineries located at Rijeka and Sisak, and Zagreb lubricants plants. Its segments are Exploration and Production of Oil & Gas; Refining & Marketing; Corporate and other. Exploration and Production of Oil & Gas segment include exploration, production, and selling of crude oil and natural gas. Refining & Marketing segment includes crude oil processing, wholesale of refinery products, trading, and logistics.

INA-Industrija Nafte DD (ZAG:INA) Headlines

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