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Ecopetrol (BSP:E1CO34) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Ecopetrol Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ecopetrol Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ecopetrol'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.

Ecopetrol Cyclically Adjusted Price-to-FCF Chart

Ecopetrol 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 18.73 13.83 15.98 12.34 -

Ecopetrol Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 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 10.37 12.34 13.07 - -

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

For the Oil & Gas Integrated subindustry, Ecopetrol'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.


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

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

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



Ecopetrol 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.

Ecopetrol's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Ecopetrol'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)
=0/129.4194*129.4194
=0.000

Current CPI (Dec. 2023) = 129.4194.

Ecopetrol Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.023 98.326 0.030
201403 0.661 99.695 0.858
201406 -0.455 100.560 -0.586
201409 0.737 100.428 0.950
201412 -0.362 99.070 -0.473
201503 0.096 99.621 0.125
201506 -0.782 100.684 -1.005
201509 -0.023 100.392 -0.030
201512 -0.434 99.792 -0.563
201603 0.647 100.470 0.833
201606 -0.049 101.688 -0.062
201609 1.278 101.861 1.624
201612 0.416 101.863 0.529
201703 0.995 102.862 1.252
201706 -0.062 103.349 -0.078
201709 0.854 104.136 1.061
201712 1.110 104.011 1.381
201803 0.964 105.290 1.185
201806 0.916 106.317 1.115
201809 2.098 106.507 2.549
201812 0.366 105.998 0.447
201903 0.878 107.251 1.059
201906 1.056 108.070 1.265
201909 1.801 108.329 2.152
201912 0.267 108.420 0.319
202003 -0.296 108.902 -0.352
202006 -1.571 108.767 -1.869
202009 0.520 109.815 0.613
202012 0.747 109.897 0.880
202103 0.187 111.754 0.217
202106 0.187 114.631 0.211
202109 0.587 115.734 0.656
202112 2.257 117.630 2.483
202203 0.133 121.301 0.142
202206 0.510 125.017 0.528
202209 2.716 125.227 2.807
202212 0.780 125.222 0.806
202303 -0.808 127.348 -0.821
202309 0.000 129.860 0.000
202312 0.000 129.419 0.000

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.


Ecopetrol  (BSP:E1CO34) 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.


Ecopetrol Cyclically Adjusted Price-to-FCF Related Terms

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Ecopetrol (BSP:E1CO34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ecopetrol SA (BSP:E1CO34) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Carrera 13 No. 36 - 24, Main Building, Bogota, COL
Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.

Ecopetrol (BSP:E1CO34) Headlines

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