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Touchstone Exploration (LSE:TXP) Cyclically Adjusted Price-to-FCF : (As of Jun. 25, 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)
=-0.022/126.2576*126.2576
=-0.022

Current CPI (Mar. 2024) = 126.2576.

Touchstone Exploration Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.125 99.473 -0.159
201409 -0.020 99.394 -0.025
201412 -0.024 98.367 -0.031
201503 -0.025 99.789 -0.032
201506 0.007 100.500 0.009
201509 -0.011 100.421 -0.014
201512 -0.018 99.947 -0.023
201603 0.010 101.054 0.012
201606 0.020 102.002 0.025
201609 -0.001 101.765 -0.001
201612 0.000 101.449 0.000
201703 -0.005 102.634 -0.006
201706 -0.046 103.029 -0.056
201709 -0.016 103.345 -0.020
201712 0.008 103.345 0.010
201803 -0.022 105.004 -0.026
201806 0.005 105.557 0.006
201809 -0.018 105.636 -0.022
201812 -0.027 105.399 -0.032
201903 0.011 106.979 0.013
201906 0.004 107.690 0.005
201909 -0.025 107.611 -0.029
201912 -0.019 107.769 -0.022
202003 -0.010 107.927 -0.012
202006 -0.014 108.401 -0.016
202009 -0.008 108.164 -0.009
202012 -0.034 108.559 -0.040
202103 -0.015 110.298 -0.017
202106 0.003 111.720 0.003
202109 -0.007 112.905 -0.008
202112 -0.074 113.774 -0.082
202203 -0.008 117.646 -0.009
202206 0.012 120.806 0.013
202209 0.012 120.648 0.013
202212 -0.042 120.964 -0.044
202303 -0.029 122.702 -0.030
202306 0.009 124.203 0.009
202309 0.001 125.230 0.001
202312 -0.033 125.072 -0.033
202403 -0.022 126.258 -0.022

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  (LSE:TXP) 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

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Touchstone Exploration (LSE:TXP) 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.

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