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Sinopec Oilfield Service (HKSE:01033) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Sinopec Oilfield Service Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sinopec Oilfield Service Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sinopec Oilfield Service'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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Sinopec Oilfield Service Cyclically Adjusted Price-to-FCF Chart

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

For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service'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.


Sinopec Oilfield Service's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Sinopec Oilfield Service's Cyclically Adjusted Price-to-FCF falls into.



Sinopec Oilfield Service 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.

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

For example, Sinopec Oilfield Service'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)
=-0.056/115.2271*115.2271
=-0.056

Current CPI (Mar. 2024) = 115.2271.

Sinopec Oilfield Service Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.219 98.200 0.257
201409 -0.186 98.900 -0.217
201412 0.650 99.000 0.757
201503 -0.190 99.900 -0.219
201506 0.015 99.500 0.017
201509 -0.227 100.500 -0.260
201512 0.315 100.600 0.361
201603 -0.174 102.200 -0.196
201606 -0.108 101.400 -0.123
201609 -0.130 102.400 -0.146
201612 -0.016 102.600 -0.018
201703 -0.112 103.200 -0.125
201706 -0.063 103.100 -0.070
201709 -0.060 104.100 -0.066
201712 0.179 104.500 0.197
201803 -0.172 105.300 -0.188
201806 -0.099 104.900 -0.109
201809 0.022 106.600 0.024
201812 -0.054 106.500 -0.058
201903 -0.075 107.700 -0.080
201906 -0.013 107.700 -0.014
201909 0.070 109.800 0.073
201912 -0.096 111.200 -0.099
202003 -0.081 112.300 -0.083
202006 0.066 110.400 0.069
202009 0.010 111.700 0.010
202012 0.155 111.500 0.160
202103 -0.032 112.662 -0.033
202106 0.021 111.769 0.022
202109 -0.052 112.215 -0.053
202112 0.195 113.108 0.199
202203 -0.075 114.335 -0.076
202206 0.005 114.558 0.005
202209 -0.059 115.339 -0.059
202212 0.138 115.116 0.138
202303 -0.050 115.116 -0.050
202306 -0.024 114.558 -0.024
202309 -0.007 115.339 -0.007
202312 0.168 114.781 0.169
202403 -0.056 115.227 -0.056

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.


Sinopec Oilfield Service  (HKSE:01033) 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.


Sinopec Oilfield Service Cyclically Adjusted Price-to-FCF Related Terms

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


Sinopec Oilfield Service (HKSE:01033) Business Description

Traded in Other Exchanges
Address
No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728
Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.
Executives
China Petrochemical Corporation 2101 Beneficial owner
Yi Fang Da Ji Jin Guan Li You Xian Gong Si
Zhong Guo Guo You Qi Ye Jie Gou Tiao Zheng Ji Jin Gu Fen You Xian Gong Si 2101 Beneficial owner
Hua Xia Ji Jin Guan Li You Xian Gong Si

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