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Africa Oil (STU:AFZ) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is Africa Oil Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Africa Oil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Africa Oil'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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Africa Oil Cyclically Adjusted Price-to-FCF Chart

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

For the Oil & Gas E&P subindustry, Africa Oil'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.


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

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

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



Africa Oil 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.

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

For example, Africa Oil'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)
=-0.012/126.2576*126.2576
=-0.012

Current CPI (Mar. 2024) = 126.2576.

Africa Oil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.006 99.473 -0.008
201409 -0.006 99.394 -0.008
201412 -0.007 98.367 -0.009
201503 -0.006 99.789 -0.008
201506 -0.002 100.500 -0.003
201509 -0.004 100.421 -0.005
201512 -0.012 99.947 -0.015
201603 -0.005 101.054 -0.006
201606 -0.001 102.002 -0.001
201609 -0.001 101.765 -0.001
201612 -0.003 101.449 -0.004
201703 -0.002 102.634 -0.002
201706 0.000 103.029 0.000
201709 0.000 103.345 0.000
201712 0.000 103.345 0.000
201803 -0.001 105.004 -0.001
201806 0.000 105.557 0.000
201809 0.001 105.636 0.001
201812 -0.004 105.399 -0.005
201903 0.002 106.979 0.002
201906 0.000 107.690 0.000
201909 -0.002 107.611 -0.002
201912 -0.009 107.769 -0.011
202003 0.001 107.927 0.001
202006 -0.003 108.401 -0.003
202009 -0.005 108.164 -0.006
202012 -0.003 108.559 -0.003
202103 -0.006 110.298 -0.007
202106 -0.005 111.720 -0.006
202109 -0.007 112.905 -0.008
202112 -0.005 113.774 -0.006
202203 -0.010 117.646 -0.011
202206 -0.012 120.806 -0.013
202209 -0.008 120.648 -0.008
202212 0.000 120.964 0.000
202303 -0.032 122.702 -0.033
202306 -0.051 124.203 -0.052
202309 -0.011 125.230 -0.011
202312 -0.011 125.072 -0.011
202403 -0.012 126.258 -0.012

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.


Africa Oil  (STU:AFZ) 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.


Africa Oil Cyclically Adjusted Price-to-FCF Related Terms

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Africa Oil (STU:AFZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Africa Oil Corp (STU:AFZ) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8
Africa Oil Corp is an international oil and gas exploration company. It is an exploration stage enterprise that participates in oil and gas projects located in emerging markets, in sub-Saharan Africa. The company operates in the business segment of international oil and gas exploration, and geographically, it operates in Kenya and Ethiopia.

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