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Santos (ASX:STO) Cyclically Adjusted Price-to-FCF : 18.83 (As of Apr. 28, 2024)


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What is Santos Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Santos's current share price is A$7.72. Santos's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was A$0.41. Santos's Cyclically Adjusted Price-to-FCF for today is 18.83.

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

ASX:STO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.56   Med: 240   Max: 266.67
Current: 18.6

During the past 13 years, Santos's highest Cyclically Adjusted Price-to-FCF was 266.67. The lowest was 17.56. And the median was 240.00.

ASX:STO's Cyclically Adjusted Price-to-FCF is ranked worse than
59.69% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs ASX:STO: 18.60

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.

Santos's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was A$0.405. 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 A$0.41 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Santos Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Santos'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.

Santos Cyclically Adjusted Price-to-FCF Chart

Santos 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 - - - 218.10 18.31

Santos Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - 218.10 - 18.31

Competitive Comparison of Santos's Cyclically Adjusted Price-to-FCF

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


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

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

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



Santos 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.72/0.41
=18.83

* 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.

Santos's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Santos's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.405/125.6559*125.6559
=0.405

Current CPI (Dec23) = 125.6559.

Santos Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -1.551 99.002 -1.969
201512 -0.796 100.673 -0.994
201612 0.482 102.159 0.593
201712 0.355 104.110 0.428
201812 0.998 105.967 1.183
201912 1.236 107.917 1.439
202012 0.822 108.846 0.949
202112 0.766 112.654 0.854
202212 1.261 121.477 1.304
202312 0.405 125.656 0.405

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.


Santos  (ASX:STO) 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.


Santos Cyclically Adjusted Price-to-FCF Related Terms

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


Santos (ASX:STO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Santos Ltd (ASX:STO) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
60 Flinders Street, Ground Floor Santos Centre, Adelaide, SA, AUS, 5000
Santos was founded in 1954. The company's name is an acronym for South Australia Northern Territory Oil Search. The first Cooper Basin gas discovery came in 1963, with initial supplies in 1969. Santos became a major enterprise, though over-reliance on the Cooper Basin, along with the Moomba field's inexorable decline, saw it struggle to maintain relevance in the first decade of the 21st century. However, the stage was set for a renaissance via conversion of coal seam gas into LNG in Queensland and conventional gas to LNG in PNG.

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