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Ecopetrol (FRA:ECHA) Cyclically Adjusted Price-to-FCF : (As of May. 14, 2024)


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What is Ecopetrol Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ecopetrol Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ecopetrol'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.

Ecopetrol Cyclically Adjusted Price-to-FCF Chart

Ecopetrol 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 18.73 13.83 15.98 12.34 -

Ecopetrol Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 12.34 13.07 - - -

Competitive Comparison of Ecopetrol's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Ecopetrol'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.


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

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

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



Ecopetrol 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.

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

For example, Ecopetrol'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)
=0/129.4194*129.4194
=0.000

Current CPI (Mar. 2024) = 129.4194.

Ecopetrol Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.411 99.695 0.534
201406 -0.300 100.560 -0.386
201409 0.489 100.428 0.630
201412 -0.222 99.070 -0.290
201503 0.056 99.621 0.073
201506 -0.448 100.684 -0.576
201509 -0.010 100.392 -0.013
201512 -0.205 99.792 -0.266
201603 0.314 100.470 0.404
201606 -0.025 101.688 -0.032
201609 0.700 101.861 0.889
201612 0.235 101.863 0.299
201703 0.595 102.862 0.749
201706 -0.034 103.349 -0.043
201709 0.457 104.136 0.568
201712 0.569 104.011 0.708
201803 0.477 105.290 0.586
201806 0.416 106.317 0.506
201809 0.875 106.507 1.063
201812 0.166 105.998 0.203
201903 0.405 107.251 0.489
201906 0.485 108.070 0.581
201909 0.794 108.329 0.949
201912 0.117 108.420 0.140
202003 -0.110 108.902 -0.131
202006 -0.538 108.767 -0.640
202009 0.163 109.815 0.192
202012 0.239 109.897 0.281
202103 0.056 111.754 0.065
202106 0.062 114.631 0.070
202109 0.189 115.734 0.211
202112 0.706 117.630 0.777
202203 0.049 121.301 0.052
202206 0.191 125.017 0.198
202209 1.046 125.227 1.081
202212 0.281 125.222 0.290
202303 -0.290 127.348 -0.295
202309 0.000 129.860 0.000
202312 0.000 129.419 0.000
202403 0.000 129.419 0.000

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.


Ecopetrol  (FRA:ECHA) 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.


Ecopetrol Cyclically Adjusted Price-to-FCF Related Terms

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Ecopetrol (FRA:ECHA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ecopetrol SA (FRA:ECHA) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Carrera 13 No. 36 - 24, Main Building, Bogota, COL
Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.

Ecopetrol (FRA:ECHA) Headlines

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