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Canadian Natural Resources (FRA:CRC) Cyclically Adjusted Price-to-FCF : 23.08 (As of Jun. 04, 2024)


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What is Canadian Natural Resources Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Canadian Natural Resources's current share price is €70.16. Canadian Natural Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.04. Canadian Natural Resources's Cyclically Adjusted Price-to-FCF for today is 23.08.

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

FRA:CRC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.8   Med: 31.76   Max: 873.2
Current: 22.51

During the past years, Canadian Natural Resources's highest Cyclically Adjusted Price-to-FCF was 873.20. The lowest was 11.80. And the median was 31.76.

FRA:CRC's Cyclically Adjusted Price-to-FCF is ranked worse than
66.67% of 399 companies
in the Oil & Gas industry
Industry Median: 13.73 vs FRA:CRC: 22.51

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.

Canadian Natural Resources's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.148. 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 €3.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Natural Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canadian Natural 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.

Canadian Natural Resources Cyclically Adjusted Price-to-FCF Chart

Canadian Natural 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 40.91 27.46 26.53 22.24 20.79

Canadian Natural 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 21.40 20.43 22.93 20.79 23.28

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

For the Oil & Gas E&P subindustry, Canadian Natural 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.


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

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

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



Canadian Natural 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=70.16/3.04
=23.08

* 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.

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

For example, Canadian Natural 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)
=1.148/126.2576*126.2576
=1.148

Current CPI (Mar. 2024) = 126.2576.

Canadian Natural Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.801 99.473 -2.286
201409 0.152 99.394 0.193
201412 0.128 98.367 0.164
201503 -0.009 99.789 -0.011
201506 0.029 100.500 0.036
201509 0.266 100.421 0.334
201512 0.284 99.947 0.359
201603 -0.239 101.054 -0.299
201606 -0.255 102.002 -0.316
201609 -0.101 101.765 -0.125
201612 0.387 101.449 0.482
201703 0.539 102.634 0.663
201706 0.490 103.029 0.600
201709 0.276 103.345 0.337
201712 0.193 103.345 0.236
201803 0.741 105.004 0.891
201806 0.894 105.557 1.069
201809 1.195 105.636 1.428
201812 0.168 105.399 0.201
201903 0.070 106.979 0.083
201906 1.110 107.690 1.301
201909 0.935 107.611 1.097
201912 0.854 107.769 1.001
202003 0.535 107.927 0.626
202006 -0.406 108.401 -0.473
202009 0.737 108.164 0.860
202012 0.296 108.559 0.344
202103 1.010 110.298 1.156
202106 0.968 111.720 1.094
202109 1.887 112.905 2.110
202112 1.843 113.774 2.045
202203 0.890 117.646 0.955
202206 2.860 120.806 2.989
202209 3.321 120.648 3.475
202212 2.056 120.964 2.146
202303 0.041 122.702 0.042
202306 0.739 124.203 0.751
202309 1.502 125.230 1.514
202312 2.408 125.072 2.431
202403 1.148 126.258 1.148

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.


Canadian Natural Resources  (FRA:CRC) 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.


Canadian Natural Resources Cyclically Adjusted Price-to-FCF Related Terms

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


Canadian Natural Resources (FRA:CRC) Business Description

Industry
Traded in Other Exchanges
Address
855 - 2nd Street South West, Suite 2100, Calgary, AB, CAN, T2P 4J8
Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include the exploration, development, production, and marketing of crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading Midstream and Refining. It derives a majority of its revenue from North America.

Canadian Natural Resources (FRA:CRC) Headlines

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