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Reach Subsea ASA (FRA:4RS) Cyclically Adjusted Price-to-FCF : 6.27 (As of Jun. 12, 2024)


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What is Reach Subsea ASA Cyclically Adjusted Price-to-FCF?

As of today (2024-06-12), Reach Subsea ASA's current share price is €0.564. Reach Subsea ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.09. Reach Subsea ASA's Cyclically Adjusted Price-to-FCF for today is 6.27.

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

FRA:4RS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.75   Med: 5.6   Max: 173.22
Current: 6.39

During the past years, Reach Subsea ASA's highest Cyclically Adjusted Price-to-FCF was 173.22. The lowest was 2.75. And the median was 5.60.

FRA:4RS's Cyclically Adjusted Price-to-FCF is ranked better than
77.14% of 398 companies
in the Oil & Gas industry
Industry Median: 13.665 vs FRA:4RS: 6.39

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.

Reach Subsea ASA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.052. 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 €0.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Reach Subsea ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Reach Subsea ASA'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.

Reach Subsea ASA Cyclically Adjusted Price-to-FCF Chart

Reach Subsea ASA 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 - 5.77 5.21 5.98 4.19

Reach Subsea ASA 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 5.85 4.48 4.97 4.19 5.82

Competitive Comparison of Reach Subsea ASA's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Equipment & Services subindustry, Reach Subsea ASA'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.


Reach Subsea ASA's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Reach Subsea ASA 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.

Reach Subsea ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.564/0.09
=6.27

* 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.

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

For example, Reach Subsea ASA'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)
=-0.052/132.6000*132.6000
=-0.052

Current CPI (Mar. 2024) = 132.6000.

Reach Subsea ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.008 97.500 -0.011
201409 0.020 98.500 0.027
201412 0.030 98.600 0.040
201503 -0.019 99.200 -0.025
201506 -0.017 100.100 -0.023
201509 0.005 100.600 0.007
201512 -0.026 100.900 -0.034
201603 -0.012 102.500 -0.016
201606 -0.013 103.800 -0.017
201609 -0.008 104.200 -0.010
201612 0.028 104.400 0.036
201703 0.004 105.000 0.005
201706 -0.029 105.800 -0.036
201709 -0.001 105.900 -0.001
201712 0.032 106.100 0.040
201803 0.024 107.300 0.030
201806 0.002 108.500 0.002
201809 0.040 109.500 0.048
201812 0.040 109.800 0.048
201903 0.027 110.400 0.032
201906 0.035 110.600 0.042
201909 0.062 111.100 0.074
201912 -0.002 111.300 -0.002
202003 0.011 111.200 0.013
202006 0.058 112.100 0.069
202009 0.056 112.900 0.066
202012 0.041 112.900 0.048
202103 0.045 114.600 0.052
202106 0.008 115.300 0.009
202109 0.065 117.500 0.073
202112 0.071 118.900 0.079
202203 0.022 119.800 0.024
202206 0.011 122.600 0.012
202209 0.074 125.600 0.078
202212 0.025 125.900 0.026
202303 -0.014 127.600 -0.015
202306 0.074 130.400 0.075
202309 0.058 129.800 0.059
202312 0.116 131.900 0.117
202403 -0.052 132.600 -0.052

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.


Reach Subsea ASA  (FRA:4RS) 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.


Reach Subsea ASA Cyclically Adjusted Price-to-FCF Related Terms

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


Reach Subsea ASA (FRA:4RS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reach Subsea ASA (FRA:4RS) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Møllervegen 6, Haugesund, NOR, 5525
Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.

Reach Subsea ASA (FRA:4RS) Headlines

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