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Veren (VRN) Cyclically Adjusted FCF per Share : $0.67 (As of Mar. 2024)


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What is Veren Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Veren's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.008. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.67 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Veren's average Cyclically Adjusted FCF Growth Rate was 8.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 30.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Veren was 60.60% per year. The lowest was 13.70% per year. And the median was 33.20% per year.

As of today (2024-05-21), Veren's current stock price is $8.84. Veren's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.67. Veren's Cyclically Adjusted Price-to-FCF of today is 13.19.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Veren was 31.00. The lowest was 4.79. And the median was 12.69.


Veren Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Veren's Cyclically Adjusted FCF per Share 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.

Veren Cyclically Adjusted FCF per Share Chart

Veren Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 0.32 0.42 0.56 0.67

Veren Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 0.61 0.61 0.62 0.67 0.67

Competitive Comparison of Veren's Cyclically Adjusted FCF per Share

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


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

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

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



Veren Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Veren'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)
=-0.008/126.2576*126.2576
=-0.008

Current CPI (Mar. 2024) = 126.2576.

Veren Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.796 99.473 1.010
201409 0.015 99.394 0.019
201412 -0.130 98.367 -0.167
201503 -0.303 99.789 -0.383
201506 0.270 100.500 0.339
201509 0.325 100.421 0.409
201512 0.223 99.947 0.282
201603 -0.003 101.054 -0.004
201606 0.518 102.002 0.641
201609 -0.006 101.765 -0.007
201612 0.026 101.449 0.032
201703 -0.173 102.634 -0.213
201706 0.152 103.029 0.186
201709 -0.119 103.345 -0.145
201712 -0.058 103.345 -0.071
201803 -0.404 105.004 -0.486
201806 0.177 105.557 0.212
201809 0.065 105.636 0.078
201812 0.056 105.399 0.067
201903 0.030 106.979 0.035
201906 0.477 107.690 0.559
201909 0.038 107.611 0.045
201912 0.055 107.769 0.064
202003 -0.003 107.927 -0.004
202006 -0.023 108.401 -0.027
202009 0.166 108.164 0.194
202012 0.094 108.559 0.109
202103 0.251 110.298 0.287
202106 0.257 111.720 0.290
202109 0.291 112.905 0.325
202112 0.331 113.774 0.367
202203 0.270 117.646 0.290
202206 0.431 120.806 0.450
202209 0.426 120.648 0.446
202212 0.428 120.964 0.447
202303 0.193 122.702 0.199
202306 0.294 124.203 0.299
202309 0.409 125.230 0.412
202312 0.426 125.072 0.430
202403 -0.008 126.258 -0.008

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Veren  (NYSE:VRN) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Veren's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=8.84/0.67
=13.19

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Veren was 31.00. The lowest was 4.79. And the median was 12.69.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Veren Cyclically Adjusted FCF per Share Related Terms

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


Veren (VRN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Veren Inc (NYSE:VRN) » Definitions » Cyclically Adjusted FCF per Share
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Address
585 - 8th Avenue S.W., Suite 2000, Calgary, AB, CAN, T2P 1G1
Crescent Point Energy Corp is an independent exploration and production company. It is engaged in acquiring, developing, and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly-owned subsidiaries. The company generates maximum revenue from Oil and gas sales.

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