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Golden Ocean Group (OSTO:GOGLO) Cyclically Adjusted Price-to-FCF : (As of Jun. 25, 2024)


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What is Golden Ocean Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Golden Ocean Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Golden Ocean Group'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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Golden Ocean Group Cyclically Adjusted Price-to-FCF Chart

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

For the Marine Shipping subindustry, Golden Ocean Group'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.


Golden Ocean Group's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Ocean Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Golden Ocean Group's Cyclically Adjusted Price-to-FCF falls into.



Golden Ocean Group 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.

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

For example, Golden Ocean Group'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)
=4.673/131.7762*131.7762
=4.673

Current CPI (Mar. 2024) = 131.7762.

Golden Ocean Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -80.644 100.560 -105.678
201409 -61.460 100.428 -80.645
201412 -42.733 99.070 -56.841
201503 -47.671 99.621 -63.058
201506 -23.769 100.684 -31.109
201509 -26.874 100.392 -35.275
201512 -17.955 99.792 -23.710
201603 -14.663 100.470 -19.232
201606 -4.404 101.688 -5.707
201609 -2.080 101.861 -2.691
201612 -1.901 101.863 -2.459
201703 -8.737 102.862 -11.193
201706 -0.281 103.349 -0.358
201709 -0.225 104.136 -0.285
201712 3.028 104.011 3.836
201803 -6.906 105.290 -8.643
201806 1.758 106.317 2.179
201809 3.458 106.507 4.278
201812 3.381 105.998 4.203
201903 1.399 107.251 1.719
201906 -0.278 108.070 -0.339
201909 2.159 108.329 2.626
201912 3.878 108.420 4.713
202003 -1.530 108.902 -1.851
202006 0.593 108.767 0.718
202009 3.656 109.815 4.387
202012 4.340 109.897 5.204
202103 -5.172 111.754 -6.099
202106 -6.803 114.631 -7.820
202109 8.586 115.734 9.776
202112 8.026 117.630 8.991
202203 5.342 121.301 5.803
202206 6.794 125.017 7.161
202209 3.764 125.227 3.961
202212 5.217 125.222 5.490
202303 -3.011 127.348 -3.116
202306 -10.881 128.729 -11.139
202309 -3.008 129.860 -3.052
202312 4.725 129.419 4.811
202403 4.673 131.776 4.673

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.


Golden Ocean Group  (OSTO:GOGLo) 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.


Golden Ocean Group Cyclically Adjusted Price-to-FCF Related Terms

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Golden Ocean Group (OSTO:GOGLO) Business Description

Traded in Other Exchanges
Address
14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM 08
Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.

Golden Ocean Group (OSTO:GOGLO) Headlines

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