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TAG Oil (TSXV:TAO) Cyclically Adjusted Price-to-FCF : (As of Jun. 15, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


TAG Oil Cyclically Adjusted Price-to-FCF Historical Data

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

TAG Oil Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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TAG 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 TAG Oil's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, TAG 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.


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

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

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



TAG 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.

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

For example, TAG 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)
=-0.039/126.2576*126.2576
=-0.039

Current CPI (Mar. 2024) = 126.2576.

TAG Oil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.086 99.473 -0.109
201409 -0.072 99.394 -0.091
201412 -0.127 98.367 -0.163
201503 -0.062 99.789 -0.078
201506 -0.103 100.500 -0.129
201509 0.016 100.421 0.020
201512 -0.081 99.947 -0.102
201603 -0.014 101.054 -0.017
201606 -0.030 102.002 -0.037
201609 -0.023 101.765 -0.029
201612 -0.046 101.449 -0.057
201703 -0.039 102.634 -0.048
201706 -0.094 103.029 -0.115
201709 -0.110 103.345 -0.134
201712 0.007 103.345 0.009
201803 -0.018 105.004 -0.022
201806 0.022 105.557 0.026
201809 -0.005 105.636 -0.006
201812 -0.005 105.399 -0.006
201903 -0.010 106.979 -0.012
201906 0.015 107.690 0.018
201909 -0.036 107.611 -0.042
201912 0.004 107.769 0.005
202003 0.012 107.927 0.014
202006 -0.015 108.401 -0.017
202009 -0.013 108.164 -0.015
202012 -0.008 108.559 -0.009
202103 -0.010 110.298 -0.011
202106 -0.011 111.720 -0.012
202109 -0.009 112.905 -0.010
202112 -0.014 113.774 -0.016
202203 -0.010 117.646 -0.011
202206 -0.009 120.806 -0.009
202209 -0.009 120.648 -0.009
202212 -0.054 120.964 -0.056
202303 -0.034 122.702 -0.035
202306 -0.034 124.203 -0.035
202309 -0.030 125.230 -0.030
202312 -0.037 125.072 -0.037
202403 -0.039 126.258 -0.039

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.


TAG Oil  (TSXV:TAO) 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.


TAG Oil Cyclically Adjusted Price-to-FCF Related Terms

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TAG Oil (TSXV:TAO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TAG Oil Ltd (TSXV:TAO) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7
TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.
Executives
Toby Robert Pierce Director, Senior Officer

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