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Boart Longyear (ASX:BLY) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 2024)


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What is Boart Longyear Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Boart Longyear Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Boart Longyear's Cyclically Adjusted Price-to-FCF 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.

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Boart Longyear Cyclically Adjusted Price-to-FCF Chart

Boart Longyear Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Boart Longyear Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Boart Longyear's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Equipment & Services subindustry, Boart Longyear'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.


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

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

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



Boart Longyear Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Boart Longyear's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Boart Longyear's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.026/129.4194*129.4194
=0.026

Current CPI (Dec23) = 129.4194.

Boart Longyear Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -457.615 99.070 -597.804
201512 -725.450 99.792 -940.826
201612 -634.968 101.863 -806.745
201712 -70.094 104.011 -87.217
201812 -11.272 105.998 -13.763
201912 -5.094 108.420 -6.081
202012 5.208 109.897 6.133
202112 -0.921 117.630 -1.013
202212 0.046 125.222 0.048
202312 0.026 129.419 0.026

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


Boart Longyear  (ASX:BLY) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Boart Longyear Cyclically Adjusted Price-to-FCF Related Terms

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Boart Longyear (ASX:BLY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boart Longyear Ltd (ASX:BLY) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
2455 South 3600 West, Salt Lake City, UT, USA, 84119
Boart Longyear Ltd is a U.S.-based ASX-listed company with large market shares in the Global mineral drilling services and drilling equipment industries. The company operates two divisions: Global Drilling Services and Global Products. The Global Drilling Services division that derives the majority revenue operates for a diverse mining customer base spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. The Global Products division designs, manufactures and sells drilling equipment, performance tooling, down-hole instrumentation, and parts and services.

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