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Athabasca Oil (TSX:ATH) Cyclically Adjusted Price-to-FCF : (As of May. 15, 2024)


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What is Athabasca Oil Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Athabasca Oil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Athabasca Oil'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.

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Athabasca Oil Cyclically Adjusted Price-to-FCF Chart

Athabasca Oil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Athabasca Oil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Athabasca Oil's Cyclically Adjusted Price-to-FCF

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


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

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

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



Athabasca Oil 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.

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

For example, Athabasca Oil'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)
=0.001/125.4675*125.4675
=0.001

Current CPI (Mar. 2024) = 125.4675.

Athabasca Oil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.312 99.473 -0.394
201409 -0.204 99.394 -0.258
201412 -0.449 98.367 -0.573
201503 -0.378 99.789 -0.475
201506 -0.099 100.500 -0.124
201509 -0.146 100.421 -0.182
201512 -0.268 99.947 -0.336
201603 -0.172 101.054 -0.214
201606 -0.005 102.002 -0.006
201609 -0.108 101.765 -0.133
201612 -0.211 101.449 -0.261
201703 -0.303 102.634 -0.370
201706 -0.034 103.029 -0.041
201709 -0.047 103.345 -0.057
201712 -0.030 103.345 -0.036
201803 -0.168 105.004 -0.201
201806 -0.052 105.557 -0.062
201809 -0.024 105.636 -0.029
201812 -0.131 105.399 -0.156
201903 -0.136 106.979 -0.160
201906 0.053 107.690 0.062
201909 -0.050 107.611 -0.058
201912 -0.070 107.769 -0.081
202003 -0.151 107.927 -0.176
202006 -0.070 108.401 -0.081
202009 -0.032 108.164 -0.037
202012 -0.002 108.559 -0.002
202103 -0.065 110.298 -0.074
202106 0.026 111.720 0.029
202109 0.110 112.905 0.122
202112 0.114 113.774 0.126
202203 0.054 117.646 0.058
202206 0.030 120.806 0.031
202209 0.106 120.648 0.110
202212 0.093 120.964 0.096
202303 -0.010 122.702 -0.010
202306 0.009 124.203 0.009
202309 0.175 125.230 0.175
202312 0.112 125.468 0.112
202403 0.001 125.468 0.001

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.


Athabasca Oil  (TSX:ATH) 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.


Athabasca Oil Cyclically Adjusted Price-to-FCF Related Terms

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Athabasca Oil (TSX:ATH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Athabasca Oil Corp (TSX:ATH) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
215 - 9th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 1K3
Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.
Executives
Athabasca Oil Corporation Issuer