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Eni SpA (Eni SpA) Cyclically Adjusted FCF per Share : $2.38 (As of Mar. 2024)


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What is Eni SpA Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Eni SpA's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.018. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Eni SpA's average Cyclically Adjusted FCF Growth Rate was 25.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 57.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 54.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Eni SpA was 62.30% per year. The lowest was -46.50% per year. And the median was -16.30% per year.

As of today (2024-04-30), Eni SpA's current stock price is $32.80. Eni SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.38. Eni SpA's Cyclically Adjusted Price-to-FCF of today is 13.78.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Eni SpA was 143.18. The lowest was 12.99. And the median was 24.02.


Eni SpA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Eni SpA's Cyclically Adjusted FCF per Share 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.

Eni SpA Cyclically Adjusted FCF per Share Chart

Eni SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.67 1.06 1.83 2.42

Eni 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 FCF per Share 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 1.91 2.12 2.16 2.42 2.38

Competitive Comparison of Eni SpA's Cyclically Adjusted FCF per Share

For the Oil & Gas Integrated subindustry, Eni 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.


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

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

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



Eni SpA Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Eni 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)
=-0.018/119.5000*119.5000
=-0.018

Current CPI (Mar. 2024) = 119.5000.

Eni SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.453 100.093 0.541
201409 0.644 99.814 0.771
201412 1.193 99.721 1.430
201503 -0.357 99.814 -0.427
201506 0.025 100.279 0.030
201509 -0.441 100.000 -0.527
201512 0.969 99.814 1.160
201603 -0.668 99.600 -0.801
201606 -0.420 99.900 -0.502
201609 -0.464 100.100 -0.554
201612 0.557 100.300 0.664
201703 -0.538 101.000 -0.637
201706 0.379 101.100 0.448
201709 0.410 101.200 0.484
201712 0.745 101.200 0.880
201803 -0.240 101.800 -0.282
201806 0.700 102.400 0.817
201809 1.472 102.600 1.714
201812 0.965 102.300 1.127
201903 -0.089 102.800 -0.103
201906 1.579 103.100 1.830
201909 0.096 102.900 0.111
201912 0.921 102.800 1.071
202003 -0.380 102.900 -0.441
202006 0.268 102.900 0.311
202009 0.374 102.300 0.437
202012 -0.135 102.600 -0.157
202103 0.158 103.700 0.182
202106 0.988 104.200 1.133
202109 1.140 104.900 1.299
202112 2.661 106.600 2.983
202203 1.077 110.400 1.166
202206 1.404 112.500 1.491
202209 1.976 114.200 2.068
202212 1.145 119.000 1.150
202303 0.551 118.800 0.554
202306 1.222 119.700 1.220
202309 1.065 120.300 1.058
202312 0.996 119.500 0.996
202403 -0.018 119.500 -0.018

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Eni SpA  (NYSE:E) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Eni SpA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=32.80/2.38
=13.78

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Eni SpA was 143.18. The lowest was 12.99. And the median was 24.02.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Eni SpA Cyclically Adjusted FCF per Share Related Terms

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


Eni SpA (Eni SpA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (NYSE:E) » Definitions » Cyclically Adjusted FCF per Share
Address
1, Piazzale Enrico Mattei, Rome, ITA, 00144
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

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