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Flex LNG (OSL:FLNG) Cyclically Adjusted Price-to-FCF : (As of Jun. 14, 2024)


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What is Flex LNG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Flex LNG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Flex LNG'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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Flex LNG Cyclically Adjusted Price-to-FCF Chart

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

For the Oil & Gas Midstream subindustry, Flex LNG'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.


Flex LNG's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Flex LNG 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.

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

For example, Flex LNG'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)
=6.855/131.7762*131.7762
=6.855

Current CPI (Mar. 2024) = 131.7762.

Flex LNG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.212 100.560 -0.278
201409 -0.088 100.428 -0.115
201412 -0.305 99.070 -0.406
201503 -0.719 99.621 -0.951
201506 -0.349 100.684 -0.457
201509 -0.403 100.392 -0.529
201512 -0.460 99.792 -0.607
201603 -0.358 100.470 -0.470
201606 -0.253 101.688 -0.328
201609 -1.462 101.861 -1.891
201612 -0.664 101.863 -0.859
201703 -1.673 102.862 -2.143
201706 -20.490 103.349 -26.126
201709 -1.449 104.136 -1.834
201712 -0.439 104.011 -0.556
201803 -17.694 105.290 -22.145
201806 -39.108 106.317 -48.473
201809 -8.827 106.507 -10.921
201812 -41.649 105.998 -51.778
201903 -0.570 107.251 -0.700
201906 -21.831 108.070 -26.620
201909 -22.708 108.329 -27.623
201912 6.184 108.420 7.516
202003 2.672 108.902 3.233
202006 0.680 108.767 0.824
202009 3.325 109.815 3.990
202012 8.284 109.897 9.933
202103 -14.692 111.754 -17.324
202106 -12.923 114.631 -14.856
202109 7.204 115.734 8.203
202112 13.367 117.630 14.975
202203 7.029 121.301 7.636
202206 9.510 125.017 10.024
202209 13.845 125.227 14.569
202212 9.830 125.222 10.345
202303 5.706 127.348 5.904
202306 8.180 128.729 8.374
202309 9.174 129.860 9.309
202312 10.590 129.419 10.783
202403 6.855 131.776 6.855

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.


Flex LNG  (OSL:FLNG) 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.


Flex LNG Cyclically Adjusted Price-to-FCF Related Terms

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Flex LNG (OSL:FLNG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (OSL:FLNG) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

Flex LNG (OSL:FLNG) Headlines

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