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Ecopetrol (Ecopetrol) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is Ecopetrol Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ecopetrol Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ecopetrol'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.

* Premium members only.

Ecopetrol Cyclically Adjusted Price-to-FCF Chart

Ecopetrol Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.73 13.83 15.98 12.34 -

Ecopetrol Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 12.34 13.07 - - -

Competitive Comparison of Ecopetrol's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Ecopetrol'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.


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

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

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



Ecopetrol 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.

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

For example, Ecopetrol'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)
=0/131.7762*131.7762
=0.000

Current CPI (Mar. 2024) = 131.7762.

Ecopetrol Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.569 99.695 0.752
201406 -0.407 100.560 -0.533
201409 0.630 100.428 0.827
201412 -0.274 99.070 -0.364
201503 0.061 99.621 0.081
201506 -0.502 100.684 -0.657
201509 -0.012 100.392 -0.016
201512 -0.223 99.792 -0.294
201603 0.350 100.470 0.459
201606 -0.028 101.688 -0.036
201609 0.786 101.861 1.017
201612 0.248 101.863 0.321
201703 0.636 102.862 0.815
201706 -0.038 103.349 -0.048
201709 0.545 104.136 0.690
201712 0.674 104.011 0.854
201803 0.588 105.290 0.736
201806 0.486 106.317 0.602
201809 1.021 106.507 1.263
201812 0.189 105.998 0.235
201903 0.457 107.251 0.562
201906 0.548 108.070 0.668
201909 0.874 108.329 1.063
201912 0.130 108.420 0.158
202003 -0.121 108.902 -0.146
202006 -0.606 108.767 -0.734
202009 0.192 109.815 0.230
202012 0.290 109.897 0.348
202103 0.067 111.754 0.079
202106 0.075 114.631 0.086
202109 0.222 115.734 0.253
202112 0.798 117.630 0.894
202203 0.054 121.301 0.059
202206 0.202 125.017 0.213
202209 1.036 125.227 1.090
202212 0.297 125.222 0.313
202303 -0.310 127.348 -0.321
202309 0.000 129.860 0.000
202312 0.000 129.419 0.000
202403 0.000 131.776 0.000

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.


Ecopetrol  (NYSE:EC) 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.


Ecopetrol Cyclically Adjusted Price-to-FCF Related Terms

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Ecopetrol (Ecopetrol) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ecopetrol SA (NYSE:EC) » Definitions » Cyclically Adjusted Price-to-FCF
Address
Carrera 13 No. 36 - 24, Main Building, Bogota, COL
Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.