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DHT Holdings (MEX:DHT) Cyclically Adjusted Price-to-FCF : (As of Jun. 25, 2024)


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What is DHT Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


DHT Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for DHT Holdings'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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DHT Holdings Cyclically Adjusted Price-to-FCF Chart

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

For the Oil & Gas Midstream subindustry, DHT Holdings'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.


DHT Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



DHT Holdings 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.

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

For example, DHT Holdings'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)
=6.784/131.7762*131.7762
=6.784

Current CPI (Mar. 2024) = 131.7762.

DHT Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -13.291 100.560 -17.417
201409 -7.559 100.428 -9.919
201412 2.518 99.070 3.349
201503 3.140 99.621 4.154
201506 1.526 100.684 1.997
201509 6.463 100.392 8.483
201512 -6.132 99.792 -8.097
201603 -8.542 100.470 -11.204
201606 5.120 101.688 6.635
201609 -8.700 101.861 -11.255
201612 5.572 101.863 7.208
201703 -4.784 102.862 -6.129
201706 -24.449 103.349 -31.174
201709 0.289 104.136 0.366
201712 -1.354 104.011 -1.715
201803 -0.240 105.290 -0.300
201806 -10.461 106.317 -12.966
201809 -8.212 106.507 -10.160
201812 -5.420 105.998 -6.738
201903 4.789 107.251 5.884
201906 4.025 108.070 4.908
201909 1.074 108.329 1.306
201912 2.255 108.420 2.741
202003 17.744 108.902 21.471
202006 24.025 108.767 29.107
202009 16.535 109.815 19.842
202012 8.142 109.897 9.763
202103 -15.541 111.754 -18.325
202106 1.927 114.631 2.215
202109 -0.623 115.734 -0.709
202112 0.584 117.630 0.654
202203 0.404 121.301 0.439
202206 2.641 125.017 2.784
202209 0.382 125.227 0.402
202212 10.674 125.222 11.233
202303 5.696 127.348 5.894
202306 7.232 128.729 7.403
202309 -4.014 129.860 -4.073
202312 4.219 129.419 4.296
202403 6.784 131.776 6.784

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.


DHT Holdings  (MEX:DHT) 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.


DHT Holdings Cyclically Adjusted Price-to-FCF Related Terms

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DHT Holdings (MEX:DHT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (MEX:DHT) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
2 Church Street, Clarendon House, Hamilton, BMU, HM 11
DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.

DHT Holdings (MEX:DHT) Headlines

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