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Equinor ASA (HAM:DNQ) Cyclically Adjusted Price-to-FCF : 12.11 (As of Jun. 04, 2024)


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What is Equinor ASA Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Equinor ASA's current share price is €26.51. Equinor ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.19. Equinor ASA's Cyclically Adjusted Price-to-FCF for today is 12.11.

The historical rank and industry rank for Equinor ASA's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HAM:DNQ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.11   Med: 31.6   Max: 224.62
Current: 12.08

During the past years, Equinor ASA's highest Cyclically Adjusted Price-to-FCF was 224.62. The lowest was 11.11. And the median was 31.60.

HAM:DNQ's Cyclically Adjusted Price-to-FCF is ranked better than
55.89% of 399 companies
in the Oil & Gas industry
Industry Median: 13.73 vs HAM:DNQ: 12.08

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Equinor ASA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.045. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €2.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equinor ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Equinor ASA'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.

Equinor ASA Cyclically Adjusted Price-to-FCF Chart

Equinor ASA 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 42.81 30.96 24.78 20.23 13.56

Equinor ASA 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 13.90 13.83 15.43 13.56 11.39

Competitive Comparison of Equinor ASA's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Equinor ASA'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.


Equinor ASA's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Equinor ASA 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.

Equinor ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.51/2.19
=12.11

* 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.

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

For example, Equinor ASA'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)
=2.045/132.6000*132.6000
=2.045

Current CPI (Mar. 2024) = 132.6000.

Equinor ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.577 97.500 -0.785
201409 -0.027 98.500 -0.036
201412 -0.199 98.600 -0.268
201503 -0.065 99.200 -0.087
201506 -0.511 100.100 -0.677
201509 0.323 100.600 0.426
201512 -0.288 100.900 -0.378
201603 -0.174 102.500 -0.225
201606 -0.490 103.800 -0.626
201609 0.279 104.200 0.355
201612 -0.583 104.400 -0.740
201703 0.196 105.000 0.248
201706 0.469 105.800 0.588
201709 0.174 105.900 0.218
201712 0.431 106.100 0.539
201803 1.112 107.300 1.374
201806 0.059 108.500 0.072
201809 0.603 109.500 0.730
201812 0.319 109.800 0.385
201903 0.822 110.400 0.987
201906 -0.046 110.600 -0.055
201909 0.420 111.100 0.501
201912 -0.251 111.300 -0.299
202003 0.736 111.200 0.878
202006 -0.414 112.100 -0.490
202009 0.237 112.900 0.278
202012 -0.041 112.900 -0.048
202103 0.989 114.600 1.144
202106 1.248 115.300 1.435
202109 1.599 117.500 1.804
202112 1.614 118.900 1.800
202203 3.690 119.800 4.084
202206 2.014 122.600 2.178
202209 1.448 125.600 1.529
202212 0.568 125.900 0.598
202303 3.833 127.600 3.983
202306 -0.298 130.400 -0.303
202309 0.813 129.800 0.831
202312 -0.091 131.900 -0.091
202403 2.045 132.600 2.045

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.


Equinor ASA  (HAM:DNQ) 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.


Equinor ASA Cyclically Adjusted Price-to-FCF Related Terms

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


Equinor ASA (HAM:DNQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equinor ASA (HAM:DNQ) » Definitions » Cyclically Adjusted Price-to-FCF
Address
Forusbeen 50, Stavanger, NOR, N-4035
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.

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