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Repsol (XMAD:REP) Cyclically Adjusted FCF per Share : €1.54 (As of Mar. 2024)


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What is Repsol 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.

Repsol's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.033. 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 €1.54 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Repsol's average Cyclically Adjusted FCF Growth Rate was 3.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 23.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 2.10% 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 Repsol was 63.30% per year. The lowest was -14.60% per year. And the median was 2.20% per year.

As of today (2024-05-22), Repsol's current stock price is €14.88. Repsol's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.54. Repsol's Cyclically Adjusted Price-to-FCF of today is 9.66.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Repsol was 18.62. The lowest was 6.76. And the median was 12.79.


Repsol Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Repsol'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.

Repsol Cyclically Adjusted FCF per Share Chart

Repsol 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 0.84 0.83 1.20 1.40 1.57

Repsol 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 1.49 1.51 1.55 1.57 1.54

Competitive Comparison of Repsol's Cyclically Adjusted FCF per Share

For the Oil & Gas Integrated subindustry, Repsol'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.


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

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

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



Repsol 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, Repsol'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)
=0.033/122.7621*122.7621
=0.033

Current CPI (Mar. 2024) = 122.7621.

Repsol Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.653 101.081 -0.793
201409 0.480 100.441 0.587
201412 0.182 100.251 0.223
201503 0.359 99.474 0.443
201506 -0.391 101.138 -0.475
201509 0.506 99.559 0.624
201512 0.791 100.268 0.968
201603 0.264 98.638 0.329
201606 0.139 100.333 0.170
201609 0.175 99.737 0.215
201612 0.627 101.842 0.756
201703 0.177 100.896 0.215
201706 0.580 101.848 0.699
201709 0.419 101.524 0.507
201712 0.545 102.975 0.650
201803 0.154 102.122 0.185
201806 0.007 104.165 0.008
201809 0.493 103.818 0.583
201812 0.474 104.193 0.558
201903 0.196 103.488 0.233
201906 0.275 104.612 0.323
201909 0.323 103.905 0.382
201912 0.232 105.015 0.271
202003 -0.141 103.469 -0.167
202006 -0.067 104.254 -0.079
202009 0.564 103.521 0.669
202012 0.279 104.456 0.328
202103 0.315 104.857 0.369
202106 0.277 107.102 0.318
202109 0.553 107.669 0.631
202112 0.684 111.298 0.754
202203 0.087 115.153 0.093
202206 0.704 118.044 0.732
202209 1.517 117.221 1.589
202212 0.691 117.650 0.721
202303 0.568 118.948 0.586
202306 0.496 120.278 0.506
202309 0.053 121.343 0.054
202312 0.617 121.300 0.624
202403 0.033 122.762 0.033

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


Repsol  (XMAD:REP) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.88/1.54
=9.66

* 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 Repsol was 18.62. The lowest was 6.76. And the median was 12.79.


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.


Repsol Cyclically Adjusted FCF per Share Related Terms

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


Repsol (XMAD:REP) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Repsol SA (XMAD:REP) » Definitions » Cyclically Adjusted FCF per Share
Address
Calle Mendez Alvaro, 44, Madrid, ESP, 28045
Repsol is a Spanish integrated oil and gas firm. In 2022, production was 550,000 barrels of oil equivalent a day (34% liquids), and proven reserves stood at 1.9 billion barrels of oil equivalent (33% oil). It also operates a downstream segment with refining capacity of 1.0 million barrels a day.

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