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Hess (BSP:H1ES34) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Hess Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hess Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hess'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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Hess Cyclically Adjusted Price-to-FCF Chart

Hess Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Hess Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Hess's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Hess'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.


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

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

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



Hess 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.

Hess's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Hess'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)
=-0.582/131.7762*131.7762
=-0.582

Current CPI (Mar. 2024) = 131.7762.

Hess Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.036 100.560 -1.358
201409 -0.092 100.428 -0.121
201412 -2.049 99.070 -2.725
201503 -4.848 99.621 -6.413
201506 -2.583 100.684 -3.381
201509 -4.688 100.392 -6.154
201512 -2.139 99.792 -2.825
201603 -4.194 100.470 -5.501
201606 -2.284 101.688 -2.960
201609 -1.023 101.861 -1.323
201612 -0.861 101.863 -1.114
201703 -0.204 102.862 -0.261
201706 -1.651 103.349 -2.105
201709 -2.117 104.136 -2.679
201712 -1.109 104.011 -1.405
201803 -1.006 105.290 -1.259
201806 -0.431 106.317 -0.534
201809 -0.817 106.507 -1.011
201812 1.445 105.998 1.796
201903 -2.774 107.251 -3.408
201906 0.325 108.070 0.396
201909 -1.811 108.329 -2.203
201912 -3.654 108.420 -4.441
202003 -2.998 108.902 -3.628
202006 -2.662 108.767 -3.225
202009 -2.567 109.815 -3.080
202012 0.944 109.897 1.132
202103 1.886 111.754 2.224
202106 3.516 114.631 4.042
202109 0.997 115.734 1.135
202112 3.558 117.630 3.986
202203 -5.627 121.301 -6.113
202206 6.868 125.017 7.239
202209 5.228 125.227 5.501
202212 3.907 125.222 4.112
202303 -1.686 127.348 -1.745
202306 1.208 128.729 1.237
202309 -0.161 129.860 -0.163
202312 -0.796 129.419 -0.810
202403 -0.582 131.776 -0.582

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.


Hess  (BSP:H1ES34) 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.


Hess Cyclically Adjusted Price-to-FCF Related Terms

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Hess (BSP:H1ES34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hess Corp (BSP:H1ES34) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
1185 Avenue of the Americas, New York, NY, USA, 10036
Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 344 thousand barrels of oil equivalent per day in 2022, at a ratio of 72% oil and natural gas liquids and 28% natural gas.

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