GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enerplus Corp (NYSE:ERF) » Definitions » Cyclically Adjusted Price-to-FCF

Enerplus (Enerplus) Cyclically Adjusted Price-to-FCF : 32.05 (As of Apr. 27, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Enerplus Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Enerplus's current share price is $20.51. Enerplus's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.64. Enerplus's Cyclically Adjusted Price-to-FCF for today is 32.05.

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

ERF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.81   Med: 34.57   Max: 329
Current: 32.98

During the past years, Enerplus's highest Cyclically Adjusted Price-to-FCF was 329.00. The lowest was 9.81. And the median was 34.57.

ERF's Cyclically Adjusted Price-to-FCF is ranked worse than
78.57% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs ERF: 32.98

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.

Enerplus's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.944. 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 $0.64 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Enerplus Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Enerplus'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.

Enerplus Cyclically Adjusted Price-to-FCF Chart

Enerplus 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 - - - 53.94 23.87

Enerplus Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 53.94 35.43 34.25 43.93 23.87

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

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


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

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

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



Enerplus 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=20.51/0.64
=32.05

* 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.

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

For example, Enerplus'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)
=0.944/125.4675*125.4675
=0.944

Current CPI (Dec. 2023) = 125.4675.

Enerplus Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.386 98.604 -0.491
201406 0.086 99.473 0.108
201409 -0.061 99.394 -0.077
201412 0.152 98.367 0.194
201503 -0.141 99.789 -0.177
201506 -0.056 100.500 -0.070
201509 0.111 100.421 0.139
201512 -0.244 99.947 -0.306
201603 0.085 101.054 0.106
201606 0.042 102.002 0.052
201609 0.131 101.765 0.162
201612 -0.439 101.449 -0.543
201703 0.012 102.634 0.015
201706 -0.058 103.029 -0.071
201709 -0.050 103.345 -0.061
201712 0.098 103.345 0.119
201803 0.140 105.004 0.167
201806 -0.026 105.557 -0.031
201809 0.014 105.636 0.017
201812 0.218 105.399 0.260
201903 -0.018 106.979 -0.021
201906 0.214 107.690 0.249
201909 -0.280 107.611 -0.326
201912 0.261 107.769 0.304
202003 -0.028 107.927 -0.033
202006 -0.056 108.401 -0.065
202009 0.293 108.164 0.340
202012 0.150 108.559 0.173
202103 -0.057 110.298 -0.065
202106 0.131 111.720 0.147
202109 0.388 112.905 0.431
202112 0.755 113.774 0.833
202203 0.477 117.646 0.509
202206 0.525 120.806 0.545
202209 1.139 120.648 1.185
202212 0.833 120.964 0.864
202303 0.654 122.702 0.669
202306 0.045 124.203 0.045
202309 0.181 125.230 0.181
202312 0.944 125.468 0.944

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.


Enerplus  (NYSE:ERF) 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.


Enerplus Cyclically Adjusted Price-to-FCF Related Terms

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


Enerplus (Enerplus) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enerplus Corp (NYSE:ERF) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
3000, 333 - 7th Avenue S.W., The Dome Tower, Calgary, AB, CAN, T2P 2Z1
Enerplus Corp produces and develops crude oil and natural gas assets in Canada and the United States. The majority of oil production is derived from the Williston and Waterfloods basins, with the Marcellus providing a significant portion of natural gas production. Enerplus acquires the right to use assets through royalties paid to government entities, land owners and mineral rights owners. Crude oil and natural gas are sold to customers in both countries where assets are held and can be sold either at the well or a fixed destination.