GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Antero Resources Corp (FRA:7A6) » Definitions » Cyclically Adjusted Price-to-FCF

Antero Resources (FRA:7A6) Cyclically Adjusted Price-to-FCF : 10.77 (As of May. 22, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Antero Resources Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Antero Resources's current share price is €32.515. Antero Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.02. Antero Resources's Cyclically Adjusted Price-to-FCF for today is 10.77.

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

FRA:7A6' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.46   Med: 11.16   Max: 27.83
Current: 10.16

During the past years, Antero Resources's highest Cyclically Adjusted Price-to-FCF was 27.83. The lowest was 6.46. And the median was 11.16.

FRA:7A6's Cyclically Adjusted Price-to-FCF is ranked better than
61.38% of 391 companies
in the Oil & Gas industry
Industry Median: 14.11 vs FRA:7A6: 10.16

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.

Antero Resources's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.671. 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 €3.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Antero Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Antero Resources'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.

Antero Resources Cyclically Adjusted Price-to-FCF Chart

Antero Resources 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 - - 12.38 11.68 6.93

Antero Resources 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 8.14 7.71 8.17 6.93 8.57

Competitive Comparison of Antero Resources's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Antero Resources'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.


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

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

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



Antero Resources 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.

Antero Resources's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=32.515/3.02
=10.77

* 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.

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

For example, Antero Resources'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)
=0.671/131.7762*131.7762
=0.671

Current CPI (Mar. 2024) = 131.7762.

Antero Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.429 100.560 -0.562
201409 -0.537 100.428 -0.705
201412 -0.978 99.070 -1.301
201503 0.521 99.621 0.689
201506 0.247 100.684 0.323
201509 0.248 100.392 0.326
201512 0.052 99.792 0.069
201603 0.730 100.470 0.957
201606 0.373 101.688 0.483
201609 -1.025 101.861 -1.326
201612 0.258 101.863 0.334
201703 0.547 102.862 0.701
201706 -0.292 103.349 -0.372
201709 2.236 104.136 2.829
201712 0.400 104.011 0.507
201803 0.910 105.290 1.139
201806 0.344 106.317 0.426
201809 0.614 106.507 0.760
201812 1.822 105.998 2.265
201903 1.249 107.251 1.535
201906 0.536 108.070 0.654
201909 0.543 108.329 0.661
201912 0.385 108.420 0.468
202003 0.604 108.902 0.731
202006 0.345 108.767 0.418
202009 0.526 109.815 0.631
202012 0.696 109.897 0.835
202103 1.545 111.754 1.822
202106 0.795 114.631 0.914
202109 0.762 115.734 0.868
202112 1.194 117.630 1.338
202203 1.545 121.301 1.678
202206 2.462 125.017 2.595
202209 3.218 125.227 3.386
202212 1.329 125.222 1.399
202303 0.796 127.348 0.824
202306 0.350 128.729 0.358
202309 0.453 129.860 0.460
202312 0.868 129.419 0.884
202403 0.671 131.776 0.671

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.


Antero Resources  (FRA:7A6) 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.


Antero Resources Cyclically Adjusted Price-to-FCF Related Terms

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


Antero Resources (FRA:7A6) Business Description

Industry
Traded in Other Exchanges
Address
1615 Wynkoop Street, Denver, CO, USA, 80202
Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2022, the company reported proven reserves of 17.8 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,205 million cubic feet of equivalent a day in 2022 at a ratio of 32% liquids and 68% natural gas.

Antero Resources (FRA:7A6) Headlines

No Headlines