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Ardmore Shipping (FRA:A61) Cyclically Adjusted Price-to-FCF : (As of May. 18, 2024)


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What is Ardmore Shipping Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ardmore Shipping Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ardmore Shipping's Cyclically Adjusted Price-to-FCF 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.

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Ardmore Shipping Cyclically Adjusted Price-to-FCF Chart

Ardmore Shipping Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ardmore Shipping Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Ardmore Shipping's Cyclically Adjusted Price-to-FCF

For the Marine Shipping subindustry, Ardmore Shipping'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.


Ardmore Shipping's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ardmore Shipping's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ardmore Shipping Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Ardmore Shipping's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ardmore Shipping'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)
=0.789/131.7762*131.7762
=0.789

Current CPI (Mar. 2024) = 131.7762.

Ardmore Shipping Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.555 100.560 -2.038
201409 -1.682 100.428 -2.207
201412 -0.499 99.070 -0.664
201503 -3.313 99.621 -4.382
201506 -1.386 100.684 -1.814
201509 -1.041 100.392 -1.366
201512 -1.079 99.792 -1.425
201603 0.579 100.470 0.759
201606 -0.210 101.688 -0.272
201609 -3.365 101.861 -4.353
201612 -0.442 101.863 -0.572
201703 0.018 102.862 0.023
201706 0.235 103.349 0.300
201709 0.054 104.136 0.068
201712 0.121 104.011 0.153
201803 -0.258 105.290 -0.323
201806 0.128 106.317 0.159
201809 -0.096 106.507 -0.119
201812 0.032 105.998 0.040
201903 0.018 107.251 0.022
201906 0.248 108.070 0.302
201909 0.022 108.329 0.027
201912 0.193 108.420 0.235
202003 0.305 108.902 0.369
202006 0.497 108.767 0.602
202009 -0.074 109.815 -0.089
202012 -0.045 109.897 -0.054
202103 -0.043 111.754 -0.051
202106 0.020 114.631 0.023
202109 -0.086 115.734 -0.098
202112 -0.029 117.630 -0.032
202203 -0.155 121.301 -0.168
202206 0.386 125.017 0.407
202209 1.335 125.227 1.405
202212 1.300 125.222 1.368
202303 1.216 127.348 1.258
202306 0.739 128.729 0.756
202309 0.803 129.860 0.815
202312 0.235 129.419 0.239
202403 0.789 131.776 0.789

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


Ardmore Shipping  (FRA:A61) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Ardmore Shipping Cyclically Adjusted Price-to-FCF Related Terms

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Ardmore Shipping (FRA:A61) Business Description

Industry
Traded in Other Exchanges
Address
69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08
Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.

Ardmore Shipping (FRA:A61) Headlines

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