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Touchstone Exploration (FRA:PNW1) Cyclically Adjusted Price-to-FCF : (As of Jun. 02, 2024)


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What is Touchstone Exploration Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Touchstone Exploration Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Touchstone Exploration'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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Touchstone Exploration Cyclically Adjusted Price-to-FCF Chart

Touchstone Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Touchstone Exploration 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 Touchstone Exploration's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Touchstone Exploration'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.


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

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

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



Touchstone Exploration 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.

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

For example, Touchstone Exploration'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)
=-0.026/126.2576*126.2576
=-0.026

Current CPI (Mar. 2024) = 126.2576.

Touchstone Exploration Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.156 99.473 -0.198
201409 -0.026 99.394 -0.033
201412 -0.030 98.367 -0.039
201503 -0.034 99.789 -0.043
201506 0.010 100.500 0.013
201509 -0.016 100.421 -0.020
201512 -0.025 99.947 -0.032
201603 0.013 101.054 0.016
201606 0.025 102.002 0.031
201609 -0.001 101.765 -0.001
201612 0.001 101.449 0.001
201703 -0.005 102.634 -0.006
201706 -0.052 103.029 -0.064
201709 -0.018 103.345 -0.022
201712 0.009 103.345 0.011
201803 -0.025 105.004 -0.030
201806 0.006 105.557 0.007
201809 -0.020 105.636 -0.024
201812 -0.030 105.399 -0.036
201903 0.012 106.979 0.014
201906 0.005 107.690 0.006
201909 -0.028 107.611 -0.033
201912 -0.022 107.769 -0.026
202003 -0.011 107.927 -0.013
202006 -0.016 108.401 -0.019
202009 -0.008 108.164 -0.009
202012 -0.038 108.559 -0.044
202103 -0.017 110.298 -0.019
202106 0.003 111.720 0.003
202109 -0.008 112.905 -0.009
202112 -0.088 113.774 -0.098
202203 -0.009 117.646 -0.010
202206 0.014 120.806 0.015
202209 0.014 120.648 0.015
202212 -0.049 120.964 -0.051
202303 -0.032 122.702 -0.033
202306 0.010 124.203 0.010
202309 0.001 125.230 0.001
202312 -0.038 125.072 -0.038
202403 -0.026 126.258 -0.026

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.


Touchstone Exploration  (FRA:PNW1) 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.


Touchstone Exploration Cyclically Adjusted Price-to-FCF Related Terms

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


Touchstone Exploration (FRA:PNW1) Business Description

Industry
Traded in Other Exchanges
Address
350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9
Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.

Touchstone Exploration (FRA:PNW1) Headlines

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