GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (NYSE:FRO) » Definitions » Cyclically Adjusted Price-to-FCF

Frontline (Frontline) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


View and export this data going back to 2001. Start your Free Trial

What is Frontline Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Frontline Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Frontline'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.

Frontline Cyclically Adjusted Price-to-FCF Chart

Frontline 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 - - - - -

Frontline 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 - - - - -

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

For the Oil & Gas Midstream subindustry, Frontline'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.


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

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

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



Frontline 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.

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

For example, Frontline'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)
=-3.269/131.7762*131.7762
=-3.269

Current CPI (Mar. 2024) = 131.7762.

Frontline Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.213 100.560 -2.900
201409 0.802 100.428 1.052
201412 -6.115 99.070 -8.134
201503 0.068 99.621 0.090
201506 1.152 100.684 1.508
201509 1.098 100.392 1.441
201512 -4.329 99.792 -5.716
201603 -0.342 100.470 -0.449
201606 -0.593 101.688 -0.768
201609 -0.867 101.861 -1.122
201612 -0.261 101.863 -0.338
201703 -0.983 102.862 -1.259
201706 -1.008 103.349 -1.285
201709 -1.411 104.136 -1.786
201712 0.024 104.011 0.030
201803 -1.025 105.290 -1.283
201806 -0.090 106.317 -0.112
201809 -0.015 106.507 -0.019
201812 0.132 105.998 0.164
201903 0.223 107.251 0.274
201906 -0.250 108.070 -0.305
201909 0.058 108.329 0.071
201912 0.401 108.420 0.487
202003 -1.801 108.902 -2.179
202006 0.582 108.767 0.705
202009 0.514 109.815 0.617
202012 0.090 109.897 0.108
202103 -0.163 111.754 -0.192
202106 -0.529 114.631 -0.608
202109 -0.207 115.734 -0.236
202112 -1.024 117.630 -1.147
202203 0.031 121.301 0.034
202206 -0.406 125.017 -0.428
202209 0.909 125.227 0.957
202212 0.630 125.222 0.663
202303 0.536 127.348 0.555
202306 1.260 128.729 1.290
202309 0.909 129.860 0.922
202312 -6.187 129.419 -6.300
202403 -3.269 131.776 -3.269

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.


Frontline  (NYSE:FRO) 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.


Frontline Cyclically Adjusted Price-to-FCF Related Terms

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


Frontline (Frontline) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (NYSE:FRO) » Definitions » Cyclically Adjusted Price-to-FCF
Address
8, John Kennedy Street, 7th floor, Iris House, Office 740B, Limassol, CYP, 3106
Frontline Plc is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.

Frontline (Frontline) Headlines

From GuruFocus

FRO - Q4 2018 Presentation

By Marketwired Marketwired 02-28-2019

FRO - Q3 2018 Presentation

By Marketwired Marketwired 11-16-2018

FRO - First Quarter 2019 Results

By Marketwired Marketwired 05-16-2019

FRO - Invitation to Q3 2018 Results Conference Call and Webcast

By Marketwired Marketwired 11-09-2018

FRO - Update Regarding Front Altair

By Marketwired Marketwired 06-14-2019

FRO - 2019 Annual General Meeting

By Marketwired Marketwired 07-04-2019

FRO - Update Regarding Front Altair

By Marketwired Marketwired 06-19-2019