GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SM Energy Co (FRA:SJL) » Definitions » Cyclically Adjusted Price-to-FCF

SM Energy Co (FRA:SJL) Cyclically Adjusted Price-to-FCF : (As of Jun. 01, 2024)


View and export this data going back to 1992. Start your Free Trial

What is SM Energy Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


SM Energy Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SM Energy Co'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.

SM Energy Co Cyclically Adjusted Price-to-FCF Chart

SM Energy Co 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 - - - - -

SM Energy Co 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 - - - - -

Competitive Comparison of SM Energy Co's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, SM Energy Co'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.


SM Energy Co's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



SM Energy Co 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.

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

For example, SM Energy Co'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)
=-0.445/131.7762*131.7762
=-0.445

Current CPI (Mar. 2024) = 131.7762.

SM Energy Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.187 100.560 -1.555
201409 -6.123 100.428 -8.034
201412 -4.340 99.070 -5.773
201503 -3.713 99.621 -4.911
201506 -2.114 100.684 -2.767
201509 -0.692 100.392 -0.908
201512 -0.360 99.792 -0.475
201603 -0.965 100.470 -1.266
201606 -0.435 101.688 -0.564
201609 0.077 101.861 0.100
201612 -22.380 101.863 -28.952
201703 -0.794 102.862 -1.017
201706 -0.946 103.349 -1.206
201709 -0.970 104.136 -1.227
201712 -0.917 104.011 -1.162
201803 -1.160 105.290 -1.452
201806 -2.072 106.317 -2.568
201809 -0.608 106.507 -0.752
201812 -0.775 105.998 -0.963
201903 -1.032 107.251 -1.268
201906 -0.524 108.070 -0.639
201909 -0.096 108.329 -0.117
201912 0.055 108.420 0.067
202003 0.631 108.902 0.764
202006 -0.444 108.767 -0.538
202009 0.631 109.815 0.757
202012 0.919 109.897 1.102
202103 -0.307 111.754 -0.362
202106 0.517 114.631 0.594
202109 1.016 115.734 1.157
202112 1.906 117.630 2.135
202203 1.404 121.301 1.525
202206 2.487 125.017 2.621
202209 2.335 125.227 2.457
202212 0.002 125.222 0.002
202303 0.694 127.348 0.718
202306 -0.115 128.729 -0.118
202309 1.155 129.860 1.172
202312 1.994 129.419 2.030
202403 -0.445 131.776 -0.445

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.


SM Energy Co  (FRA:SJL) 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.


SM Energy Co Cyclically Adjusted Price-to-FCF Related Terms

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


SM Energy Co (FRA:SJL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SM Energy Co (FRA:SJL) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
1700 Lincoln Street, Suite 3200, Denver, CO, USA, 80203
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.

SM Energy Co (FRA:SJL) Headlines

No Headlines