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Dorchester Minerals LP (Dorchester Minerals LP) Cyclically Adjusted Price-to-FCF : 14.16 (As of May. 16, 2024)


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What is Dorchester Minerals LP Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Dorchester Minerals LP's current share price is $31.8499. Dorchester Minerals LP's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.25. Dorchester Minerals LP's Cyclically Adjusted Price-to-FCF for today is 14.16.

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

DMLP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.45   Med: 10.47   Max: 17.15
Current: 14.3

During the past years, Dorchester Minerals LP's highest Cyclically Adjusted Price-to-FCF was 17.15. The lowest was 4.45. And the median was 10.47.

DMLP's Cyclically Adjusted Price-to-FCF is ranked worse than
51.01% of 396 companies
in the Oil & Gas industry
Industry Median: 14.195 vs DMLP: 14.30

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.

Dorchester Minerals LP's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.706. 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 $2.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dorchester Minerals LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dorchester Minerals LP'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.

Dorchester Minerals LP Cyclically Adjusted Price-to-FCF Chart

Dorchester Minerals LP 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 11.10 6.46 11.07 14.53 14.15

Dorchester Minerals LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 14.20 13.76 13.08 14.15 14.98

Competitive Comparison of Dorchester Minerals LP's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Dorchester Minerals LP'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.


Dorchester Minerals LP's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Dorchester Minerals LP 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.

Dorchester Minerals LP's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.8499/2.25
=14.16

* 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.

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

For example, Dorchester Minerals LP'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)
=0.706/131.7762*131.7762
=0.706

Current CPI (Mar. 2024) = 131.7762.

Dorchester Minerals LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.521 100.560 0.683
201409 0.480 100.428 0.630
201412 0.347 99.070 0.462
201503 0.328 99.621 0.434
201506 0.196 100.684 0.257
201509 0.209 100.392 0.274
201512 0.170 99.792 0.224
201603 0.146 100.470 0.191
201606 0.292 101.688 0.378
201609 0.265 101.861 0.343
201612 0.219 101.863 0.283
201703 0.329 102.862 0.421
201706 0.365 103.349 0.465
201709 0.310 104.136 0.392
201712 0.395 104.011 0.500
201803 0.448 105.290 0.561
201806 0.565 106.317 0.700
201809 0.432 106.507 0.534
201812 0.491 105.998 0.610
201903 0.547 107.251 0.672
201906 0.508 108.070 0.619
201909 0.561 108.329 0.682
201912 0.328 108.420 0.399
202003 0.514 108.902 0.622
202006 0.247 108.767 0.299
202009 0.163 109.815 0.196
202012 0.212 109.897 0.254
202103 0.303 111.754 0.357
202106 0.510 114.631 0.586
202109 0.544 115.734 0.619
202112 0.645 117.630 0.723
202203 0.768 121.301 0.834
202206 1.039 125.017 1.095
202209 1.223 125.227 1.287
202212 0.877 125.222 0.923
202303 1.010 127.348 1.045
202306 0.765 128.729 0.783
202309 0.872 129.860 0.885
202312 0.958 129.419 0.975
202403 0.706 131.776 0.706

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.


Dorchester Minerals LP  (NAS:DMLP) 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.


Dorchester Minerals LP Cyclically Adjusted Price-to-FCF Related Terms

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


Dorchester Minerals LP (Dorchester Minerals LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3838 Oak Lawn Avenue, Suite 300, Dallas, TX, USA, 75219
Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests. The company generates revenues from royalties, net profits interests, lease bonus, and others. It has leasehold interests in approximately 592 counties and parishes in around 28 states.
Executives
Dorchester Minerals Operating Lp other: Entity Under Common Control 3838 OAK LAWN AVE, STE 300, DALLAS TX 75219
Bradley J Ehrman officer: Chief Operating Officer 3838 OAK LAWN AVE, STE 300, DALLAS TX 75219
Leslie A Moriyama officer: Chief Financial Officer 3838 OAK LAWN AVE, STE 300, DALLAS TX 75219
William Casey Mcmanemin director, 10 percent owner, officer: Chief Executive Officer C/O DORCHESTER MINERALS, L.P., 3838 OAK LAWN, SUITE 300, DALLAS TX 75219
Martha Rochelle director 3838 OAK LAWN AVENUE, SUITE 300, DALLAS TX 75219
Allen H C Jr director, officer: Chief Financial Officer 3838 OAK LAWN, SUITE 300, DALLAS TX 75219
Robert C Vaughn director 3838 OAK LAWN AVENUE, SUITE 710, DALLAS TX 75219
Allen D Lassiter director 25 HIGHLAND PARK VILLAGE, STE 100-780, DALLAS TX 75205
James E Raley director, officer: CHIEF OPERATING OFFICER 9666 ATHERTON DRIVE, DALLAS TX 75243
Buford P Berry director 1700 PACIFIC, SUITE 3300, DALLAS TX 75201
Charles William Russell director 4695 N FM 2869, WINNSBORO TX 75494
Preston A Peak director 3838 OAK LAWN AVENUE, SUITE 300, DALLAS TX 75219
Ronald Paul Trout director 1241 MOHAWK TRAIL, RICHARDSON, RICHARDSON TX 75080
Lucent Technologies Inc. Master Pension Trust 10 percent owner 600 MOUNTAIN AVENUE, ROOM 7D-523, MURRAY HILL NJ 07974
Wolf Partners Red 10 percent owner 3738 OAK LAWN AVE STE 300, DALLAS TX 75201

Dorchester Minerals LP (Dorchester Minerals LP) Headlines