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Imperial Oil (STU:IMP) Cyclically Adjusted Price-to-FCF : 24.96 (As of Jun. 10, 2024)


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

As of today (2024-06-10), Imperial Oil's current share price is €60.40. Imperial Oil's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.42. Imperial Oil's Cyclically Adjusted Price-to-FCF for today is 24.96.

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

STU:IMP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.03   Med: 68.94   Max: 771.5
Current: 25.01

During the past years, Imperial Oil's highest Cyclically Adjusted Price-to-FCF was 771.50. The lowest was 22.03. And the median was 68.94.

STU:IMP's Cyclically Adjusted Price-to-FCF is ranked worse than
71.11% of 398 companies
in the Oil & Gas industry
Industry Median: 13.375 vs STU:IMP: 25.01

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.

Imperial Oil's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.733. 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 €2.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imperial Oil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Imperial 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.

* Premium members only.

Imperial Oil Cyclically Adjusted Price-to-FCF Chart

Imperial Oil 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 121.81 66.37 49.28 26.22 22.23

Imperial Oil 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 28.06 25.32 25.60 22.23 26.29

Competitive Comparison of Imperial Oil's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Imperial 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.


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

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

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



Imperial 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=60.40/2.42
=24.96

* 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.

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

For example, Imperial 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)
=0.733/126.2576*126.2576
=0.733

Current CPI (Mar. 2024) = 126.2576.

Imperial Oil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.236 99.473 -0.300
201409 -0.100 99.394 -0.127
201412 -0.287 98.367 -0.368
201503 -0.629 99.789 -0.796
201506 -0.335 100.500 -0.421
201509 0.361 100.421 0.454
201512 -0.124 99.947 -0.157
201603 -0.273 101.054 -0.341
201606 0.105 102.002 0.130
201609 0.466 101.765 0.578
201612 0.477 101.449 0.594
201703 0.191 102.634 0.235
201706 0.135 103.029 0.165
201709 0.482 103.345 0.589
201712 0.608 103.345 0.743
201803 0.463 105.004 0.557
201806 0.400 105.557 0.478
201809 0.723 105.636 0.864
201812 0.360 105.399 0.431
201903 0.486 106.979 0.574
201906 0.547 107.690 0.641
201909 0.865 107.611 1.015
201912 0.574 107.769 0.672
202003 0.099 107.927 0.116
202006 -0.911 108.401 -1.061
202009 0.639 108.164 0.746
202012 0.092 108.559 0.107
202103 0.798 110.298 0.913
202106 0.572 111.720 0.646
202109 1.597 112.905 1.786
202112 1.211 113.774 1.344
202203 1.719 117.646 1.845
202206 2.618 120.806 2.736
202209 3.251 120.648 3.402
202212 2.657 120.964 2.773
202303 -1.458 122.702 -1.500
202306 0.459 124.203 0.467
202309 2.357 125.230 2.376
202312 1.038 125.072 1.048
202403 0.733 126.258 0.733

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.


Imperial Oil  (STU:IMP) 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.


Imperial Oil Cyclically Adjusted Price-to-FCF Related Terms

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


Imperial Oil (STU:IMP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Oil Ltd (STU:IMP) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1
Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d. The Upstream segment operates to produce crude oil and its equivalent, and natural gas. The Downstream segment operates to refine crude oil into petroleum products. The Chemical segment manufactures hydrocarbon-based chemicals and chemical products.

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