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Kinder Morgan Energy Partners LP (FRA:KM7) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Kinder Morgan Energy Partners LP Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinder Morgan Energy Partners LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kinder Morgan Energy Partners LP'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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Kinder Morgan Energy Partners LP Cyclically Adjusted Price-to-FCF Chart

Kinder Morgan Energy Partners LP Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted Price-to-FCF
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Kinder Morgan Energy Partners LP Quarterly Data
Sep09 Dec09 Mar10 Jun10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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Competitive Comparison of Kinder Morgan Energy Partners LP's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Kinder Morgan Energy Partners LP'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.


Kinder Morgan Energy Partners LP's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Kinder Morgan Energy Partners LP's Cyclically Adjusted Price-to-FCF falls into.



Kinder Morgan Energy Partners LP 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.

Kinder Morgan Energy Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2014 is calculated as:

For example, Kinder Morgan Energy Partners LP's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2014 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2014 (Change)*Current CPI (Sep. 2014)
=0.473/100.4278*100.4278
=0.473

Current CPI (Sep. 2014) = 100.4278.

Kinder Morgan Energy Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200409 0.449 80.121 0.563
200412 0.095 80.290 0.119
200503 0.422 81.555 0.520
200506 0.514 82.062 0.629
200509 0.221 83.876 0.265
200512 -0.110 83.032 -0.133
200603 -0.969 84.298 -1.154
200606 0.811 85.606 0.951
200609 0.546 85.606 0.641
200612 -1.070 85.142 -1.262
200703 0.215 86.640 0.249
200706 0.092 87.906 0.105
200709 -0.407 87.964 -0.465
200712 0.257 88.616 0.291
200803 -0.836 90.090 -0.932
200806 0.088 92.320 0.096
200809 -0.545 92.307 -0.593
200812 0.552 88.697 0.625
200903 0.087 89.744 0.097
200906 0.270 91.003 0.298
200909 0.398 91.120 0.439
200912 1.154 91.111 1.272
201003 0.172 91.821 0.188
201006 1.105 91.962 1.207
201012 1.474 92.474 1.601
201103 0.568 94.283 0.605
201106 1.003 95.235 1.058
201109 0.924 95.727 0.969
201112 1.218 95.213 1.285
201203 0.683 96.783 0.709
201206 0.983 96.819 1.020
201209 0.684 97.633 0.704
201212 0.681 96.871 0.706
201303 0.398 98.209 0.407
201306 0.483 98.518 0.492
201309 0.110 98.790 0.112
201312 0.221 98.326 0.226
201403 0.428 99.695 0.431
201406 0.525 100.560 0.524
201409 0.473 100.428 0.473

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.


Kinder Morgan Energy Partners LP  (FRA:KM7) 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.


Kinder Morgan Energy Partners LP Cyclically Adjusted Price-to-FCF Related Terms

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Kinder Morgan Energy Partners LP (FRA:KM7) Business Description

Traded in Other Exchanges
N/A
Address
Kinder Morgan Energy Partners LP is a Delaware limited partnership formed in August 1992. The Company is engaged in pipeline transportation and energy storage company in North America. They own an interest in or operate approximately 52,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and its terminals store petroleum products, ethanol and chemicals, and handle such products as coal, petroleum coke and steel. They are also the producer and transporter of CO2, for enhanced oil recovery projects in North America. Its operations are conducted through our five operating limited partnerships and their subsidiaries and are grouped into five reportable business segments: Natural Gas Pipelines—consists of approximately 40,000 miles of natural gas transmission pipelines and gathering lines, plus natural gas storage, treating and processing facilities, through which natural gas is gathered, transported, stored, treated, processed and sold; O2—which produces, markets and transports, through approximately 1,500 miles of pipelines, CO2 to oil fields that use CO2 to increase production of oil; owns interests in and/or operate four primary oil fields in West Texas; and owns and operates a 450-mile crude oil pipeline system in West Texas; Products Pipelines—consists of approximately 9,000 miles of refined petroleum products and crude oil and condensate pipelines that deliver refined petroleum products (gasoline, diesel fuel and jet fuel), NGL, crude oil, condensate and bio-fuels to various markets; plus approximately 62 associated product terminals and petroleum pipeline transmix processing facilities serving customers across the U.S.; Terminals—consists of approximately 122 owned or operated liquids and bulk terminal facilities and approximately 10 rail transloading and materials handling facilities located throughout the U.S. and portions of Canada, which together transload, store and deliver a wide variety of bulk, petroleum, petrochemical and other liquids products for customers across the U.S. and Canada; and Kinder Morgan Canada—transports crude oil and refined petroleum products through approximately 800 miles of pipelines from Alberta, Canada to marketing terminals and refineries in British Columbia and the state of Washington; plus five associated product terminal facilities. The Company's business operations are subject to federal, state, provincial and local laws and regulations relating to environmental protection, pollution and human health and safety in the U.S. and Canada.

Kinder Morgan Energy Partners LP (FRA:KM7) Headlines

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