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CNX Resources (FRA:CGD) Cyclically Adjusted FCF per Share : €0.34 (As of Mar. 2024)


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What is CNX Resources 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.

CNX Resources's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.099. 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 €0.34 for the trailing ten years ended in Mar. 2024.

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 CNX Resources was 36.60% per year. The lowest was -107.10% per year. And the median was -5.25% per year.

As of today (2024-05-14), CNX Resources's current stock price is €21.40. CNX Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.34. CNX Resources's Cyclically Adjusted Price-to-FCF of today is 62.94.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CNX Resources was 772.33. The lowest was 62.86. And the median was 73.62.


CNX Resources Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CNX Resources'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.

CNX Resources Cyclically Adjusted FCF per Share Chart

CNX Resources 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 -0.81 -0.62 -0.78 -0.23 0.26

CNX Resources 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 -0.15 -0.03 0.03 0.26 0.34

Competitive Comparison of CNX Resources's Cyclically Adjusted FCF per Share

For the Oil & Gas E&P subindustry, CNX Resources'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.


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

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

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



CNX Resources 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, CNX Resources'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)
=0.099/129.4194*129.4194
=0.099

Current CPI (Mar. 2024) = 129.4194.

CNX Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.471 100.560 -0.606
201409 -0.210 100.428 -0.271
201412 -0.693 99.070 -0.905
201503 -0.238 99.621 -0.309
201506 -1.023 100.684 -1.315
201509 -0.535 100.392 -0.690
201512 0.526 99.792 0.682
201603 0.205 100.470 0.264
201606 0.224 101.688 0.285
201609 0.380 101.861 0.483
201612 0.341 101.863 0.433
201703 0.439 102.862 0.552
201706 -0.220 103.349 -0.275
201709 0.116 104.136 0.144
201712 -0.245 104.011 -0.305
201803 0.097 105.290 0.119
201806 -0.284 106.317 -0.346
201809 -0.234 106.507 -0.284
201812 -0.547 105.998 -0.668
201903 0.043 107.251 0.052
201906 -0.354 108.070 -0.424
201909 -0.148 108.329 -0.177
201912 -0.514 108.420 -0.614
202003 0.558 108.902 0.663
202006 0.042 108.767 0.050
202009 0.491 109.815 0.579
202012 0.252 109.897 0.297
202103 0.353 111.754 0.409
202106 0.416 114.631 0.470
202109 0.464 115.734 0.519
202112 0.579 117.630 0.637
202203 0.973 121.301 1.038
202206 0.233 125.017 0.241
202209 0.705 125.227 0.729
202212 1.437 125.222 1.485
202303 0.373 127.348 0.379
202306 0.013 128.729 0.013
202309 0.002 129.860 0.002
202312 0.263 129.419 0.263
202403 0.099 129.419 0.099

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


CNX Resources  (FRA:CGD) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=21.40/0.34
=62.94

* 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 CNX Resources was 772.33. The lowest was 62.86. And the median was 73.62.


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.


CNX Resources Cyclically Adjusted FCF per Share Related Terms

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


CNX Resources (FRA:CGD) Business Description

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Address
1000 Horizon Vue Drive, Canonsburg, PA, USA, 15317-6506
CNX Resources Corp is an independent natural gas and midstream company engaged in the exploration, development, production and acquisition of natural gas properties in the Appalachian Basin. The company's operating segment include Shale and Coalbed Methane. It generates maximum revenue from the Shale segment. It also has other segment that includes nominal shallow oil and gas production.

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