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Imperial Oil (TSX:IMO) Cyclically Adjusted Price-to-FCF : 26.59 (As of May. 27, 2024)


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

As of today (2024-05-27), Imperial Oil's current share price is C$94.38. Imperial Oil's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$3.55. Imperial Oil's Cyclically Adjusted Price-to-FCF for today is 26.59.

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

TSX:IMO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.03   Med: 68.94   Max: 771.5
Current: 26.57

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.

TSX:IMO's Cyclically Adjusted Price-to-FCF is ranked worse than
73.74% of 396 companies
in the Oil & Gas industry
Industry Median: 13.66 vs TSX:IMO: 26.57

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 C$1.078. 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 C$3.55 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
=94.38/3.55
=26.59

* 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)
=1.078/126.2576*126.2576
=1.078

Current CPI (Mar. 2024) = 126.2576.

Imperial Oil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.348 99.473 -0.442
201409 -0.142 99.394 -0.180
201412 -0.408 98.367 -0.524
201503 -0.858 99.789 -1.086
201506 -0.465 100.500 -0.584
201509 0.537 100.421 0.675
201512 -0.186 99.947 -0.235
201603 -0.402 101.054 -0.502
201606 0.153 102.002 0.189
201609 0.685 101.765 0.850
201612 0.672 101.449 0.836
201703 0.273 102.634 0.336
201706 0.202 103.029 0.248
201709 0.705 103.345 0.861
201712 0.919 103.345 1.123
201803 0.738 105.004 0.887
201806 0.613 105.557 0.733
201809 1.099 105.636 1.314
201812 0.551 105.399 0.660
201903 0.734 106.979 0.866
201906 0.821 107.690 0.963
201909 1.261 107.611 1.479
201912 0.840 107.769 0.984
202003 0.153 107.927 0.179
202006 -1.391 108.401 -1.620
202009 0.996 108.164 1.163
202012 0.143 108.559 0.166
202103 1.193 110.298 1.366
202106 0.842 111.720 0.952
202109 2.381 112.905 2.663
202112 1.752 113.774 1.944
202203 2.396 117.646 2.571
202206 3.543 120.806 3.703
202209 4.294 120.648 4.494
202212 3.824 120.964 3.991
202303 -2.135 122.702 -2.197
202306 0.661 124.203 0.672
202309 3.404 125.230 3.432
202312 1.519 125.072 1.533
202403 1.078 126.258 1.078

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  (TSX:IMO) 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 (TSX:IMO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Oil Ltd (TSX:IMO) » 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.