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Talisman Energy (FRA:TLM) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is Talisman Energy Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Talisman Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Talisman Energy'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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Talisman Energy Cyclically Adjusted Price-to-FCF Chart

Talisman Energy Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted Price-to-FCF
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Talisman Energy Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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Competitive Comparison of Talisman Energy's Cyclically Adjusted Price-to-FCF

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


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

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

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



Talisman Energy 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.

Talisman Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2014 is calculated as:

For example, Talisman Energy's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2014 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2014 (Change)*Current CPI (Dec. 2014)
=0.024/98.3671*98.3671
=0.024

Current CPI (Dec. 2014) = 98.3671.

Talisman Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200503 0.065 83.987 0.076
200506 0.200 84.461 0.233
200509 0.250 85.647 0.287
200512 0.598 85.015 0.692
200603 0.155 85.805 0.178
200606 0.655 86.516 0.745
200609 -1.389 86.279 -1.584
200612 -0.229 86.437 -0.261
200703 -0.127 87.780 -0.142
200706 0.027 88.412 0.030
200709 0.016 88.412 0.018
200712 -0.108 88.491 -0.120
200803 0.208 88.965 0.230
200806 0.342 91.177 0.369
200809 0.112 91.414 0.121
200812 -0.002 89.518 -0.002
200903 0.632 90.071 0.690
200906 -0.180 90.940 -0.195
200909 -0.161 90.624 -0.175
200912 -0.514 90.703 -0.557
201003 0.265 91.335 0.285
201006 -0.277 91.809 -0.297
201009 -0.206 92.362 -0.219
201012 -1.119 92.836 -1.186
201103 -0.040 94.338 -0.042
201106 -0.427 94.654 -0.444
201109 -0.524 95.286 -0.541
201112 -0.576 94.970 -0.597
201203 -0.060 96.155 -0.061
201206 -0.159 96.076 -0.163
201209 -0.346 96.392 -0.353
201212 -0.354 95.760 -0.364
201303 -0.178 97.103 -0.180
201306 -0.214 97.182 -0.217
201309 -0.047 97.419 -0.047
201312 -0.071 96.945 -0.072
201403 -0.053 98.604 -0.053
201406 -0.075 99.473 -0.074
201409 -0.068 99.394 -0.067
201412 0.024 98.367 0.024

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.


Talisman Energy  (FRA:TLM) 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.


Talisman Energy Cyclically Adjusted Price-to-FCF Related Terms

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Talisman Energy (FRA:TLM) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Talisman Energy Inc was incorporated under the Canada Business Corporations Act in Canada on December 14, 1982. The Company is a Canadian-based independent oil and gas producers company. Its main business activities are exploration, development, production, transportation and marketing of crude oil, natural gas and natural gas liquids. In 2014, the Company's activities were conducted in four geographic segments: North America, the North Sea, Southeast Asia, and Other. The North America segment includes operations in Canada and the U.S. The North Sea segment includes operations and exploration activities in the UK and Norway. The Southeast Asia segment includes operations and exploration activities in Indonesia, Malaysia, Vietnam and Papua New Guinea and non-operated production in Australia/Timor-Leste. The Company also had non-operated production in Algeria, operations and exploration activities in Colombia and exploration activities in the Kurdistan Region of Iraq. For ease of reference, the activities in Algeria, Colombia and the Kurdistan Region of Iraq, where applicable, are referred to collectively as the other geographic segment or Rest of World, except where otherwise noted. For operational purposes, Talisman has two core operating areas: the Americas and Asia-Pacific. The Company's aggregate production from its consolidated entities and equity investments for the year ended December 31, 2014 was 369 mboe/d, comprised of 43 mbbls/d of oil and liquids and 794 mmcf/d of gas from North America; 43 mbbls/d of oil and 510 mmcf/d of gas from Southeast Asia; 30 mbbls/d of oil and liquids and 20 mmcf/d of gas from the North Sea; and 24 mbbls/d of oil and liquids and 48 mmcf/d of gas from other areas.

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