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DHT Holdings (DHT Holdings) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is DHT Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


DHT Holdings Cyclically Adjusted Price-to-FCF Historical Data

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

DHT Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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DHT Holdings 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 DHT Holdings's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, DHT Holdings'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.


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

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

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



DHT Holdings 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.

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

For example, DHT Holdings'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)
=0.409/131.7762*131.7762
=0.409

Current CPI (Mar. 2024) = 131.7762.

DHT Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.025 100.560 -1.343
201409 -0.563 100.428 -0.739
201412 0.171 99.070 0.227
201503 0.206 99.621 0.272
201506 0.097 100.684 0.127
201509 0.382 100.392 0.501
201512 -0.357 99.792 -0.471
201603 -0.496 100.470 -0.651
201606 0.277 101.688 0.359
201609 -0.450 101.861 -0.582
201612 0.270 101.863 0.349
201703 -0.254 102.862 -0.325
201706 -1.353 103.349 -1.725
201709 0.016 104.136 0.020
201712 -0.069 104.011 -0.087
201803 -0.013 105.290 -0.016
201806 -0.532 106.317 -0.659
201809 -0.439 106.507 -0.543
201812 -0.276 105.998 -0.343
201903 0.247 107.251 0.303
201906 0.210 108.070 0.256
201909 0.054 108.329 0.066
201912 0.120 108.420 0.146
202003 0.757 108.902 0.916
202006 1.041 108.767 1.261
202009 0.748 109.815 0.898
202012 0.409 109.897 0.490
202103 -0.760 111.754 -0.896
202106 0.097 114.631 0.112
202109 -0.030 115.734 -0.034
202112 0.028 117.630 0.031
202203 0.020 121.301 0.022
202206 0.131 125.017 0.138
202209 0.019 125.227 0.020
202212 0.548 125.222 0.577
202303 0.316 127.348 0.327
202306 0.422 128.729 0.432
202309 -0.230 129.860 -0.233
202312 0.249 129.419 0.254
202403 0.409 131.776 0.409

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.


DHT Holdings  (NYSE:DHT) 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.


DHT Holdings Cyclically Adjusted Price-to-FCF Related Terms

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DHT Holdings (DHT Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (NYSE:DHT) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
2 Church Street, Clarendon House, Hamilton, BMU, HM 11
DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.

DHT Holdings (DHT Holdings) Headlines

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