GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CVR Energy Inc (STU:FL9) » Definitions » Cyclically Adjusted FCF per Share

CVR Energy (STU:FL9) Cyclically Adjusted FCF per Share : €3.61 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is CVR Energy 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.

CVR Energy's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.080. 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 €3.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CVR Energy's average Cyclically Adjusted FCF Growth Rate was 12.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.60% 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 CVR Energy was 11.70% per year. The lowest was -1.50% per year. And the median was 5.65% per year.

As of today (2024-05-26), CVR Energy's current stock price is €27.46. CVR Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.61. CVR Energy's Cyclically Adjusted Price-to-FCF of today is 7.61.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CVR Energy was 15.63. The lowest was 2.72. And the median was 8.08.


CVR Energy Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CVR Energy'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.

CVR Energy Cyclically Adjusted FCF per Share Chart

CVR Energy 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 3.28 2.63 3.03 3.31 3.71

CVR Energy 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 3.19 3.44 4.19 3.71 3.61

Competitive Comparison of CVR Energy's Cyclically Adjusted FCF per Share

For the Oil & Gas Refining & Marketing subindustry, CVR Energy'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.


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

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

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



CVR Energy 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, CVR Energy'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)
=1.08/131.7762*131.7762
=1.080

Current CPI (Mar. 2024) = 131.7762.

CVR Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.604 100.560 0.791
201409 0.615 100.428 0.807
201412 0.584 99.070 0.777
201503 1.413 99.621 1.869
201506 1.612 100.684 2.110
201509 1.855 100.392 2.435
201512 -1.611 99.792 -2.127
201603 -0.268 100.470 -0.352
201606 0.133 101.688 0.172
201609 1.295 101.861 1.675
201612 0.226 101.863 0.292
201703 1.217 102.862 1.559
201706 0.728 103.349 0.928
201709 0.609 104.136 0.771
201712 -1.937 104.011 -2.454
201803 0.047 105.290 0.059
201806 1.824 106.317 2.261
201809 2.335 106.507 2.889
201812 0.585 105.998 0.727
201903 1.638 107.251 2.013
201906 1.048 108.070 1.278
201909 2.159 108.329 2.626
201912 0.394 108.420 0.479
202003 -1.036 108.902 -1.254
202006 -1.396 108.767 -1.691
202009 0.642 109.815 0.770
202012 0.033 109.897 0.040
202103 0.343 111.754 0.404
202106 0.446 114.631 0.513
202109 0.643 115.734 0.732
202112 -0.211 117.630 -0.236
202203 2.539 121.301 2.758
202206 2.589 125.017 2.729
202209 0.935 125.227 0.984
202212 0.413 125.222 0.435
202303 1.803 127.348 1.866
202306 2.480 128.729 2.539
202309 2.956 129.860 3.000
202312 -0.867 129.419 -0.883
202403 1.080 131.776 1.080

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


CVR Energy  (STU:FL9) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=27.46/3.61
=7.61

* 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 CVR Energy was 15.63. The lowest was 2.72. And the median was 8.08.


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.


CVR Energy Cyclically Adjusted FCF per Share Related Terms

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


CVR Energy (STU:FL9) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CVR Energy Inc (STU:FL9) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479
CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.

CVR Energy (STU:FL9) Headlines

No Headlines