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Saras SpA (Saras SpA) Cyclically Adjusted Price-to-FCF : 17.16 (As of Jun. 19, 2024)


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What is Saras SpA Cyclically Adjusted Price-to-FCF?

As of today (2024-06-19), Saras SpA's current share price is $8.75. Saras SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.51. Saras SpA's Cyclically Adjusted Price-to-FCF for today is 17.16.

The historical rank and industry rank for Saras SpA's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SAAFY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.43   Med: 12.57   Max: 22.74
Current: 16.75

During the past years, Saras SpA's highest Cyclically Adjusted Price-to-FCF was 22.74. The lowest was 5.43. And the median was 12.57.

SAAFY's Cyclically Adjusted Price-to-FCF is ranked worse than
57.79% of 398 companies
in the Oil & Gas industry
Industry Median: 13.125 vs SAAFY: 16.75

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Saras SpA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.191. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Saras SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Saras SpA'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.

* Premium members only.

Saras SpA Cyclically Adjusted Price-to-FCF Chart

Saras SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.47 10.99 7.37 10.31 17.44

Saras SpA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.90 11.26 10.06 17.44 18.27

Competitive Comparison of Saras SpA's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Refining & Marketing subindustry, Saras SpA'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.


Saras SpA's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Saras SpA 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.

Saras SpA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.75/0.51
=17.16

* 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.

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

For example, Saras SpA'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)
=-0.191/120.2000*120.2000
=-0.191

Current CPI (Mar. 2024) = 120.2000.

Saras SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.203 100.093 0.244
201409 -0.906 99.814 -1.091
201412 1.236 99.721 1.490
201503 -0.549 99.814 -0.661
201506 0.808 100.279 0.969
201509 0.000 100.000 0.000
201512 0.789 99.814 0.950
201603 0.447 99.600 0.539
201606 0.415 99.900 0.499
201609 0.427 100.100 0.513
201612 -0.493 100.300 -0.591
201703 -0.544 101.000 -0.647
201706 0.231 101.100 0.275
201709 1.259 101.200 1.495
201712 -0.337 101.200 -0.400
201803 -0.563 101.800 -0.665
201806 0.949 102.400 1.114
201809 0.384 102.600 0.450
201812 -0.730 102.300 -0.858
201903 -0.230 102.800 -0.269
201906 0.551 103.100 0.642
201909 -0.613 102.900 -0.716
201912 0.565 102.800 0.661
202003 -2.067 102.900 -2.415
202006 -0.280 102.900 -0.327
202009 -0.835 102.300 -0.981
202012 -0.079 102.600 -0.093
202103 0.440 103.700 0.510
202106 0.039 104.200 0.045
202109 -0.475 104.900 -0.544
202112 0.257 106.600 0.290
202203 0.184 110.400 0.200
202206 2.331 112.500 2.491
202209 1.474 114.200 1.551
202212 0.105 119.000 0.106
202303 0.213 118.800 0.216
202306 -0.346 119.700 -0.347
202309 1.529 120.300 1.528
202312 -0.928 119.700 -0.932
202403 -0.191 120.200 -0.191

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.


Saras SpA  (OTCPK:SAAFY) 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.


Saras SpA Cyclically Adjusted Price-to-FCF Related Terms

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


Saras SpA (Saras SpA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saras SpA (OTCPK:SAAFY) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
S.S. 195 Sulcitana, Km 19, Cagliari, Sarroch, ITA, 09018
Saras SpA is a processor of crude oil and marketer and distributor of petroleum byproducts. Refining operations are conducted at facilities located near the Mediterranean Sea. Majority of the refineries production is medium and light distillates with low environmental impact (mainly diesel and gasoline). Under Saras Trading, the company purchases crude oils and other feedstock for the refinery, sells the refined oil, and participates in third party trading. Products sold and distributed by Saras and its subsidiaries include diesel, gasoline, heating oil, liquefied petroleum gas, naphtha, and aviation fuel. Products are sold primarily on Spanish and Italian markets. Additional services include wind farm operations, and engineering and scientific research services.

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