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Kinder Morgan (FRA:2KD) Cyclically Adjusted Price-to-FCF : 14.46 (As of May. 14, 2024)


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What is Kinder Morgan Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Kinder Morgan's current share price is €17.786. Kinder Morgan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.23. Kinder Morgan's Cyclically Adjusted Price-to-FCF for today is 14.46.

The historical rank and industry rank for Kinder Morgan's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:2KD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.01   Med: 13.96   Max: 18.58
Current: 14.4

During the past years, Kinder Morgan's highest Cyclically Adjusted Price-to-FCF was 18.58. The lowest was 9.01. And the median was 13.96.

FRA:2KD's Cyclically Adjusted Price-to-FCF is ranked worse than
50.25% of 398 companies
in the Oil & Gas industry
Industry Median: 14.35 vs FRA:2KD: 14.40

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.

Kinder Morgan's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.236. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinder Morgan Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kinder Morgan'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.

Kinder Morgan Cyclically Adjusted Price-to-FCF Chart

Kinder Morgan 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 15.49 14.26 14.52 15.03 13.22

Kinder Morgan Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 14.13 13.56 12.82 13.22 13.84

Competitive Comparison of Kinder Morgan's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Kinder Morgan'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.


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

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

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



Kinder Morgan 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.

Kinder Morgan's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.786/1.23
=14.46

* 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.

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

For example, Kinder Morgan'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)
=0.236/129.4194*129.4194
=0.236

Current CPI (Mar. 2024) = 129.4194.

Kinder Morgan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.152 100.560 0.196
201409 0.248 100.428 0.320
201412 0.020 99.070 0.026
201503 0.154 99.621 0.200
201506 0.110 100.684 0.141
201509 -0.049 100.392 -0.063
201512 0.374 99.792 0.485
201603 0.094 100.470 0.121
201606 0.256 101.688 0.326
201609 0.207 101.861 0.263
201612 0.205 101.863 0.260
201703 0.093 102.862 0.117
201706 0.243 103.349 0.304
201709 0.093 104.136 0.116
201712 0.128 104.011 0.159
201803 0.098 105.290 0.120
201806 0.283 106.317 0.344
201809 0.068 106.507 0.083
201812 0.379 105.998 0.463
201903 0.032 107.251 0.039
201906 0.328 108.070 0.393
201909 0.193 108.329 0.231
201912 0.427 108.420 0.510
202003 0.181 108.902 0.215
202006 0.320 108.767 0.381
202009 0.248 109.815 0.292
202012 0.331 109.897 0.390
202103 0.596 111.754 0.690
202106 0.425 114.631 0.480
202109 0.292 115.734 0.327
202112 0.344 117.630 0.378
202203 0.271 121.301 0.289
202206 0.498 125.017 0.516
202209 0.247 125.227 0.255
202212 0.390 125.222 0.403
202303 0.343 127.348 0.349
202306 0.419 128.729 0.421
202309 0.268 129.860 0.267
202312 0.688 129.419 0.688
202403 0.236 129.419 0.236

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.


Kinder Morgan  (FRA:2KD) 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.


Kinder Morgan Cyclically Adjusted Price-to-FCF Related Terms

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


Kinder Morgan (FRA:2KD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Inc (FRA:2KD) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 83,000 miles in pipelines and 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.

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