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Canadian Natural Resources (FRA:CRC) Cyclically Adjusted Price-to-FCF : 20.82 (As of Jun. 17, 2024)


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What is Canadian Natural Resources Cyclically Adjusted Price-to-FCF?

As of today (2024-06-17), Canadian Natural Resources's current share price is €31.64. Canadian Natural Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.52. Canadian Natural Resources's Cyclically Adjusted Price-to-FCF for today is 20.82.

The historical rank and industry rank for Canadian Natural Resources's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:CRC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.91   Med: 31.65   Max: 1091.5
Current: 21.01

During the past years, Canadian Natural Resources's highest Cyclically Adjusted Price-to-FCF was 1091.50. The lowest was 11.91. And the median was 31.65.

FRA:CRC's Cyclically Adjusted Price-to-FCF is ranked worse than
65.58% of 398 companies
in the Oil & Gas industry
Industry Median: 13.075 vs FRA:CRC: 21.01

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.

Canadian Natural Resources's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.574. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Natural Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canadian Natural Resources'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.

* Premium members only.

Canadian Natural Resources Cyclically Adjusted Price-to-FCF Chart

Canadian Natural Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.90 27.46 26.53 22.24 20.78

Canadian Natural Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 21.40 20.43 22.93 20.78 23.28

Competitive Comparison of Canadian Natural Resources's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Canadian Natural Resources'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.


Canadian Natural Resources's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Canadian Natural Resources 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.

Canadian Natural Resources's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.64/1.52
=20.82

* 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.

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

For example, Canadian Natural Resources'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)
=0.574/126.2576*126.2576
=0.574

Current CPI (Mar. 2024) = 126.2576.

Canadian Natural Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.900 99.473 -1.142
201409 0.076 99.394 0.097
201412 0.064 98.367 0.082
201503 -0.005 99.789 -0.006
201506 0.014 100.500 0.018
201509 0.133 100.421 0.167
201512 0.142 99.947 0.179
201603 -0.119 101.054 -0.149
201606 -0.127 102.002 -0.157
201609 -0.051 101.765 -0.063
201612 0.194 101.449 0.241
201703 0.270 102.634 0.332
201706 0.245 103.029 0.300
201709 0.138 103.345 0.169
201712 0.096 103.345 0.117
201803 0.371 105.004 0.446
201806 0.447 105.557 0.535
201809 0.597 105.636 0.714
201812 0.084 105.399 0.101
201903 0.035 106.979 0.041
201906 0.555 107.690 0.651
201909 0.467 107.611 0.548
201912 0.427 107.769 0.500
202003 0.267 107.927 0.312
202006 -0.203 108.401 -0.236
202009 0.368 108.164 0.430
202012 0.148 108.559 0.172
202103 0.505 110.298 0.578
202106 0.484 111.720 0.547
202109 0.943 112.905 1.055
202112 0.921 113.774 1.022
202203 0.445 117.646 0.478
202206 1.430 120.806 1.495
202209 1.661 120.648 1.738
202212 1.028 120.964 1.073
202303 0.020 122.702 0.021
202306 0.369 124.203 0.375
202309 0.751 125.230 0.757
202312 1.204 125.072 1.215
202403 0.574 126.258 0.574

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.


Canadian Natural Resources  (FRA:CRC) 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.


Canadian Natural Resources Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Canadian Natural Resources's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Canadian Natural Resources (FRA:CRC) Business Description

Industry
Traded in Other Exchanges
Address
855 - 2nd Street South West, Suite 2100, Calgary, AB, CAN, T2P 4J8
Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include the exploration, development, production, and marketing of crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading Midstream and Refining. It derives a majority of its revenue from North America.