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Freehold Royalties (TSX:FRU) Cyclically Adjusted Price-to-FCF : 11.13 (As of Jun. 13, 2024)


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What is Freehold Royalties Cyclically Adjusted Price-to-FCF?

As of today (2024-06-13), Freehold Royalties's current share price is C$13.80. Freehold Royalties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$1.24. Freehold Royalties's Cyclically Adjusted Price-to-FCF for today is 11.13.

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

TSX:FRU' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.45   Med: 9.61   Max: 16.26
Current: 11.14

During the past years, Freehold Royalties's highest Cyclically Adjusted Price-to-FCF was 16.26. The lowest was 2.45. And the median was 9.61.

TSX:FRU's Cyclically Adjusted Price-to-FCF is ranked better than
59.7% of 397 companies
in the Oil & Gas industry
Industry Median: 13.79 vs TSX:FRU: 11.14

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.

Freehold Royalties's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-0.456. 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 C$1.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Freehold Royalties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Freehold Royalties'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.

Freehold Royalties Cyclically Adjusted Price-to-FCF Chart

Freehold Royalties 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 6.87 5.13 11.40 12.88 10.47

Freehold Royalties 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 11.18 10.31 11.33 10.47 11.77

Competitive Comparison of Freehold Royalties's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Freehold Royalties'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.


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

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

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



Freehold Royalties 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.

Freehold Royalties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.80/1.24
=11.13

* 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.

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

For example, Freehold Royalties'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)
=-0.456/126.2576*126.2576
=-0.456

Current CPI (Mar. 2024) = 126.2576.

Freehold Royalties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.363 99.473 0.461
201409 0.495 99.394 0.629
201412 0.281 98.367 0.361
201503 0.206 99.789 0.261
201506 0.208 100.500 0.261
201509 0.326 100.421 0.410
201512 0.222 99.947 0.280
201603 0.185 101.054 0.231
201606 0.154 102.002 0.191
201609 0.202 101.765 0.251
201612 0.249 101.449 0.310
201703 0.264 102.634 0.325
201706 0.255 103.029 0.312
201709 0.226 103.345 0.276
201712 0.224 103.345 0.274
201803 0.296 105.004 0.356
201806 0.246 105.557 0.294
201809 0.317 105.636 0.379
201812 0.265 105.399 0.317
201903 0.163 106.979 0.192
201906 0.234 107.690 0.274
201909 0.259 107.611 0.304
201912 0.234 107.769 0.274
202003 0.260 107.927 0.304
202006 0.091 108.401 0.106
202009 0.009 108.164 0.011
202012 0.174 108.559 0.202
202103 0.190 110.298 0.217
202106 0.253 111.720 0.286
202109 0.329 112.905 0.368
202112 0.395 113.774 0.438
202203 0.450 117.646 0.483
202206 0.499 120.806 0.522
202209 0.661 120.648 0.692
202212 0.549 120.964 0.573
202303 0.253 122.702 0.260
202306 0.331 124.203 0.336
202309 0.356 125.230 0.359
202312 0.463 125.072 0.467
202403 -0.456 126.258 -0.456

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.


Freehold Royalties  (TSX:FRU) 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.


Freehold Royalties Cyclically Adjusted Price-to-FCF Related Terms

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


Freehold Royalties (TSX:FRU) Business Description

Industry
Traded in Other Exchanges
Address
517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8
Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.
Executives
Ian C. Hantke Senior Officer

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