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Exxon Mobil (UKEX:XOM) Cyclically Adjusted FCF per Share : ₴174.65 (As of Dec. 2023)


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What is Exxon Mobil 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.

Exxon Mobil's adjusted free cash flow per share for the three months ended in Dec. 2023 was ₴73.679. 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 ₴174.65 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Exxon Mobil's average Cyclically Adjusted FCF Growth Rate was 14.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -2.60% 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 Exxon Mobil was 22.60% per year. The lowest was -10.00% per year. And the median was 6.90% per year.

As of today (2024-04-27), Exxon Mobil's current stock price is ₴3593.00. Exxon Mobil's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₴174.65. Exxon Mobil's Cyclically Adjusted Price-to-FCF of today is 20.57.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Exxon Mobil was 30.63. The lowest was 9.83. And the median was 20.59.


Exxon Mobil Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Exxon Mobil'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.

Exxon Mobil Cyclically Adjusted FCF per Share Chart

Exxon Mobil 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 - - - 137.79 174.65

Exxon Mobil Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 137.79 143.84 152.77 145.15 174.65

Competitive Comparison of Exxon Mobil's Cyclically Adjusted FCF per Share

For the Oil & Gas Integrated subindustry, Exxon Mobil'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.


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

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

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



Exxon Mobil 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, Exxon Mobil's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=73.679/129.4194*129.4194
=73.679

Current CPI (Dec. 2023) = 129.4194.

Exxon Mobil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 71.311 99.695 92.573
201406 15.335 100.560 19.736
201409 39.054 100.428 50.328
201412 -13.763 99.070 -17.979
201503 10.878 99.621 14.132
201506 15.907 100.684 20.447
201509 26.271 100.392 33.867
201512 -16.672 99.792 -21.622
201603 2.005 100.470 2.583
201606 2.356 101.688 2.999
201609 18.537 101.861 23.552
201612 33.372 101.863 42.400
201703 49.660 102.862 62.481
201706 35.774 103.349 44.798
201709 24.370 104.136 30.287
201712 27.040 104.011 33.645
201803 48.063 105.290 59.078
201806 26.517 106.317 32.279
201809 54.874 106.507 66.679
201812 23.378 105.998 28.544
201903 29.182 107.251 35.214
201906 -2.101 108.070 -2.516
201909 25.968 108.329 31.024
201912 -3.272 108.420 -3.906
202003 3.059 108.902 3.635
202006 -41.053 108.767 -48.848
202009 10.205 109.815 12.027
202012 3.492 109.897 4.112
202103 63.781 111.754 73.863
202106 64.734 114.631 73.085
202109 85.881 115.734 96.036
202112 121.038 117.630 133.170
202203 101.213 121.301 107.987
202206 151.225 125.017 156.551
202209 185.428 125.227 191.637
202212 113.535 125.222 117.341
202303 105.762 127.348 107.482
202306 39.286 128.729 39.497
202309 108.910 129.860 108.541
202312 73.679 129.419 73.679

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


Exxon Mobil  (UKEX:XOM) 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.

Exxon Mobil's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3593.00/174.65
=20.57

* 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 Exxon Mobil was 30.63. The lowest was 9.83. And the median was 20.59.


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.


Exxon Mobil Cyclically Adjusted FCF per Share Related Terms

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


Exxon Mobil (UKEX:XOM) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Exxon Mobil Corp (UKEX:XOM) » Definitions » Cyclically Adjusted FCF per Share
Address
5959 Las Colinas Boulevard, Irving, TX, USA, 75039-2298
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 2.4 million barrels of liquids and 8.3 billion cubic feet of natural gas per day. At the end of 2022, reserves were 17.7 billion barrels of oil equivalent, 65% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.

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