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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-05-13), Pioneer Natural Resources Co's Intrinsic Value: Projected FCF is $203.21. The stock price of Pioneer Natural Resources Co is $269.62. Therefore, Pioneer Natural Resources Co's Price-to-Intrinsic-Value-Projected-FCF of today is 1.3.
The historical rank and industry rank for Pioneer Natural Resources Co's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Pioneer Natural Resources Co was 44.07. The lowest was 1.11. And the median was 7.74.
The historical data trend for Pioneer Natural Resources Co's Intrinsic Value: Projected 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.
Pioneer Natural Resources Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 21.25 | 33.55 | 94.09 | 172.25 | 195.51 |
Pioneer Natural Resources Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 183.83 | 184.13 | 191.18 | 195.51 | 203.21 |
For the Oil & Gas E&P subindustry, Pioneer Natural Resources Co's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.
For the Oil & Gas industry and Energy sector, Pioneer Natural Resources Co's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Pioneer Natural Resources Co's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get Pioneer Natural Resources Co's Free Cash Flow(6 year avg) = $2,487.84.
Pioneer Natural Resources Co's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Mar24) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (11.936106726364 | * | 2487.84 | + | 23590 | * | 0.8) | / | 239.000 | |
= | 203.21 |
* 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.
Pioneer Natural Resources Co (NYSE:PXD) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Pioneer Natural Resources Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 269.62 | / | 203.20972283731 | |
= | 1.33 |
* 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.
Thank you for viewing the detailed overview of Pioneer Natural Resources Co's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark H Kleinman | officer: EVP & General Counsel | 777 HIDDEN RIDGE, IRVING TX 75038 |
Maria S. Dreyfus | director | 125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019 |
Bonnie S. Black | officer: SVP, Technology & Ops Support | 777 HIDDEN RIDGE, IRVING TX 75038 |
Jacinto J Hernandez | director | 777 HIDDEN RIDGE, IRVING TX 75038 |
Christopher L Washburn | officer: Interim CAO | 777 HIDDEN RIDGE, IRVING TX 75038 |
Mark Stephen Berg | officer: EVP, GEN. COUNSEL & SECTY | 777 HIDDEN RIDGE, IRVING TX 75038 |
Tyson L. Taylor | officer: SVP, Human Resources | 5205 N O'CONNOR BLVD., SUITE 200, IRVING TX 75039 |
Phoebe A Wood | director | PO BOX 1080, LOUISVILLE KY 40201 |
Stacy P. Methvin | director | 777 HIDDEN RIDGE, IRVING TX 75038 |
Lori George Billingsley | director | 777 HIDDEN RIDGE, IRVING TX 75038 |
Royce Mitchell | director | 777 HIDDEN RIDGE, IRVING TX 75038 |
Hall Jerome D Jr | officer: EVP, Operations | 777 HIDDEN RIDGE, IRVING TX 75038 |
Frank A Risch | director | PIONEER NATURAL RESOURCES COMPANY, 5205 N. O'CONNOR BLVD, STE 900, IRVING TX 75039 |
Chris J Cheatwood | officer: EXEC VP WORLDWIDE EXPLORATION | 777 HIDDEN RIDGE, IRVING TX 75038 |
Neal H Shah | officer: SVP and CFO | 777 HIDDEN RIDGE, IRVING TX 75038 |
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