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Ferrellgas Partners LP (Ferrellgas Partners LP) Cyclically Adjusted FCF per Share : $19.77 (As of Jan. 2024)


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What is Ferrellgas Partners LP 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.

Ferrellgas Partners LP's adjusted free cash flow per share for the three months ended in Jan. 2024 was $19.674. 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 $19.77 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Ferrellgas Partners LP's average Cyclically Adjusted FCF Growth Rate was 12.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -0.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -6.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -5.70% 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 Ferrellgas Partners LP was 22.70% per year. The lowest was -15.40% per year. And the median was -1.00% per year.

As of today (2024-05-21), Ferrellgas Partners LP's current stock price is $16.34. Ferrellgas Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $19.77. Ferrellgas Partners LP's Cyclically Adjusted Price-to-FCF of today is 0.83.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ferrellgas Partners LP was 23.37. The lowest was 0.24. And the median was 1.54.


Ferrellgas Partners LP Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ferrellgas Partners LP'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.

Ferrellgas Partners LP Cyclically Adjusted FCF per Share Chart

Ferrellgas Partners LP Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.14 15.75 17.45 17.95 15.43

Ferrellgas Partners LP Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 17.55 15.25 15.43 16.25 19.77

Competitive Comparison of Ferrellgas Partners LP's Cyclically Adjusted FCF per Share

For the Oil & Gas Refining & Marketing subindustry, Ferrellgas Partners LP'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.


Ferrellgas Partners LP's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Ferrellgas Partners LP 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, Ferrellgas Partners LP's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=19.674/130.1244*130.1244
=19.674

Current CPI (Jan. 2024) = 130.1244.

Ferrellgas Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 39.326 100.023 51.161
201407 2.570 100.520 3.327
201410 -8.997 100.176 -11.687
201501 5.141 98.604 6.784
201504 38.551 99.824 50.253
201507 -2.891 100.691 -3.736
201510 3.037 100.346 3.938
201601 -0.137 99.957 -0.178
201604 19.822 100.947 25.551
201607 -7.120 101.524 -9.126
201610 9.141 101.988 11.663
201701 -5.141 102.456 -6.529
201704 13.040 103.167 16.447
201707 -1.256 103.278 -1.582
201710 -2.516 104.070 -3.146
201801 -12.303 104.578 -15.308
201804 18.801 105.708 23.144
201807 -6.200 106.324 -7.588
201810 -8.449 106.695 -10.304
201901 -14.903 106.200 -18.260
201904 18.437 107.818 22.251
201907 -16.429 108.250 -19.749
201910 -5.742 108.577 -6.882
202001 -7.260 108.841 -8.680
202004 17.431 108.173 20.968
202007 0.277 109.318 0.330
202010 -6.370 109.861 -7.545
202101 8.247 110.364 9.724
202104 8.803 112.673 10.166
202107 19.224 115.183 21.718
202110 -7.349 116.696 -8.195
202201 9.597 118.619 10.528
202204 9.513 121.978 10.148
202207 1.370 125.002 1.426
202210 -18.327 125.734 -18.967
202301 21.577 126.223 22.244
202304 11.760 127.992 11.956
202307 10.380 128.974 10.473
202310 -8.728 129.810 -8.749
202401 19.674 130.124 19.674

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


Ferrellgas Partners LP  (OTCPK:FGPR) 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.

Ferrellgas Partners LP's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=16.34/19.77
=0.83

* 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 Ferrellgas Partners LP was 23.37. The lowest was 0.24. And the median was 1.54.


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.


Ferrellgas Partners LP Cyclically Adjusted FCF per Share Related Terms

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


Ferrellgas Partners LP (Ferrellgas Partners LP) Business Description

Industry
Traded in Other Exchanges
Address
One Liberty Plaza, Liberty, MO, USA, 64068
Ferrellgas Partners LP operates as a propane distributor. Its operations primarily include the distribution and sale of propane and related equipment and supplies within the Midwest, Southeast, Southwest, and Northwest regions of the United States. The firm caters to residential, industrial, commercial, portable tank exchange, agricultural, wholesale and other, customers. Ferrellgas earns revenue primarily through the distribution of propane, as well as through the sale of propane related equipment and supplies.
Executives
Allen G Jones officer: VP Legal & General Counsel C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Joe Eby director 13795 S. MUR-LEN RD, STE. 301, OLATHE MO 66062
Michael E Cole officer: Chief Financial Officer C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Dhiraj Cherian officer: Chief Financial Officer C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Edward Newberry director C/O FERRELLGAS, INC., ONE LIBERTY PLAZA, LIBERTY MO 64068
Ares Management Holdings L.p. director 2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067
Craig Snyder director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Corp director 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Carney Hawks director C/O EXTRACTION OIL & GAS, 370 17TH STREET, SUITE 5300, DENVER CO 80202
Ares Management Llc director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Voting Llc director C/O ARES MGMT, 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdco Llc director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Gp Llc director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Partners Holdco Llc director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Brian Herrmann officer: Interim CFO ONE LIBERTY PLAZA, LIBERTY MO 64068