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Coterra Energy (FRA:XCQ) Cyclically Adjusted Price-to-FCF : 27.11 (As of Apr. 28, 2024)


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What is Coterra Energy Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Coterra Energy's current share price is €26.295. Coterra Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.97. Coterra Energy's Cyclically Adjusted Price-to-FCF for today is 27.11.

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

FRA:XCQ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.71   Med: 45.63   Max: 954.5
Current: 26.56

During the past years, Coterra Energy's highest Cyclically Adjusted Price-to-FCF was 954.50. The lowest was 22.71. And the median was 45.63.

FRA:XCQ's Cyclically Adjusted Price-to-FCF is ranked worse than
72.45% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs FRA:XCQ: 26.56

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.

Coterra Energy's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.353. 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 €0.97 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coterra Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Coterra Energy'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.

Coterra Energy Cyclically Adjusted Price-to-FCF Chart

Coterra Energy 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 - - 91.06 31.51 23.96

Coterra Energy 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 31.51 26.14 26.59 27.03 23.96

Competitive Comparison of Coterra Energy's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Coterra Energy'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.


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

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

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



Coterra Energy 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.295/0.97
=27.11

* 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.

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

For example, Coterra Energy'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)
=0.353/129.4194*129.4194
=0.353

Current CPI (Dec. 2023) = 129.4194.

Coterra Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.144 99.695 -0.187
201406 0.089 100.560 0.115
201409 0.021 100.428 0.027
201412 -0.433 99.070 -0.566
201503 -0.285 99.621 -0.370
201506 -0.169 100.684 -0.217
201509 -0.061 100.392 -0.079
201512 0.064 99.792 0.083
201603 -0.052 100.470 -0.067
201606 0.034 101.688 0.043
201609 0.038 101.861 0.048
201612 0.020 101.863 0.025
201703 0.122 102.862 0.153
201706 0.144 103.349 0.180
201709 -0.008 104.136 -0.010
201712 0.002 104.011 0.002
201803 0.205 105.290 0.252
201806 0.081 106.317 0.099
201809 -0.035 106.507 -0.043
201812 0.140 105.998 0.171
201903 0.811 107.251 0.979
201906 0.210 108.070 0.251
201909 0.157 108.329 0.188
201912 0.209 108.420 0.249
202003 0.127 108.902 0.151
202006 -0.102 108.767 -0.121
202009 -0.039 109.815 -0.046
202012 0.429 109.897 0.505
202103 0.349 111.754 0.404
202106 0.058 114.631 0.065
202109 0.131 115.734 0.146
202112 0.742 117.630 0.816
202203 1.172 121.301 1.250
202206 0.474 125.017 0.491
202209 1.661 125.227 1.717
202212 1.183 125.222 1.223
202303 1.228 127.348 1.248
202306 0.060 128.729 0.060
202309 0.260 129.860 0.259
202312 0.353 129.419 0.353

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.


Coterra Energy  (FRA:XCQ) 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.


Coterra Energy Cyclically Adjusted Price-to-FCF Related Terms

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


Coterra Energy (FRA:XCQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coterra Energy Inc (FRA:XCQ) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024
Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2022, Coterra's proved reserves were 2.4 billion barrels of oil equivalent, with net production that year of approximately 633 million barrels of oil equivalent per day (of which 74% was natural gas).

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