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Concho Resources (FRA:KIJ) Cyclically Adjusted Price-to-FCF : (As of May. 25, 2024)


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What is Concho Resources Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Concho Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Concho 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.

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Concho Resources Cyclically Adjusted Price-to-FCF Chart

Concho Resources Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted Price-to-FCF
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Concho Resources Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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Competitive Comparison of Concho Resources's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Concho 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.


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

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

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



Concho 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.

Concho Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2020 is calculated as:

For example, Concho Resources's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2020 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=1.287/109.8149*109.8149
=1.287

Current CPI (Sep. 2020) = 109.8149.

Concho Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201012 -10.361 92.474 -12.304
201103 -1.444 94.283 -1.682
201106 -0.062 95.235 -0.071
201109 -0.567 95.727 -0.650
201112 -1.823 95.213 -2.103
201203 -1.576 96.783 -1.788
201206 -1.287 96.819 -1.460
201209 -8.595 97.633 -9.667
201212 -0.002 96.871 -0.002
201303 -1.512 98.209 -1.691
201306 -1.453 98.518 -1.620
201309 -0.717 98.790 -0.797
201312 -0.103 98.326 -0.115
201403 -0.582 99.695 -0.641
201406 -0.925 100.560 -1.010
201409 -1.883 100.428 -2.059
201412 -2.546 99.070 -2.822
201503 -5.429 99.621 -5.985
201506 -2.705 100.684 -2.950
201509 -3.223 100.392 -3.526
201512 3.447 99.792 3.793
201603 -0.133 100.470 -0.145
201606 0.191 101.688 0.206
201609 0.414 101.861 0.446
201612 -7.504 101.863 -8.090
201703 -0.330 102.862 -0.352
201706 -0.217 103.349 -0.231
201709 -4.088 104.136 -4.311
201712 -0.176 104.011 -0.186
201803 -0.027 105.290 -0.028
201806 0.717 106.317 0.741
201809 -0.386 106.507 -0.398
201812 -0.874 105.998 -0.905
201903 -1.400 107.251 -1.433
201906 -0.284 108.070 -0.289
201909 -0.250 108.329 -0.253
201912 0.136 108.420 0.138
202003 1.112 108.902 1.121
202006 0.887 108.767 0.896
202009 1.287 109.815 1.287

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.


Concho Resources  (FRA:KIJ) 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.


Concho Resources Cyclically Adjusted Price-to-FCF Related Terms

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Concho Resources (FRA:KIJ) Business Description

Industry
Traded in Other Exchanges
N/A
Address
600 West Illinois Avenue, One Concho Center, Midland, TX, USA, 79701
Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern New Mexico. At the end of 2019, it reported proved reserves of 1.0 billion barrels of oil equivalent. Net production averaged about 331 thousand boe per day in 2018, of which 63% was oil (with natural gas and natural gas liquids making up the remainder).

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