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Frontline (HAM:HF6) Cyclically Adjusted Price-to-FCF : (As of Jun. 01, 2024)


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What is Frontline Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Frontline Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Frontline'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.

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Frontline Cyclically Adjusted Price-to-FCF Chart

Frontline Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Frontline Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Frontline's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Frontline'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.


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

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

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



Frontline 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.

Frontline's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Frontline's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-5.674/129.4194*129.4194
=-5.674

Current CPI (Dec. 2023) = 129.4194.

Frontline Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.802 99.695 1.041
201406 -1.629 100.560 -2.097
201409 0.623 100.428 0.803
201412 -4.959 99.070 -6.478
201503 0.063 99.621 0.082
201506 1.026 100.684 1.319
201509 0.979 100.392 1.262
201512 -3.974 99.792 -5.154
201603 -0.307 100.470 -0.395
201606 -0.528 101.688 -0.672
201609 -0.772 101.861 -0.981
201612 -0.247 101.863 -0.314
201703 -0.919 102.862 -1.156
201706 -0.897 103.349 -1.123
201709 -1.184 104.136 -1.471
201712 0.020 104.011 0.025
201803 -0.832 105.290 -1.023
201806 -0.077 106.317 -0.094
201809 -0.013 106.507 -0.016
201812 0.116 105.998 0.142
201903 0.198 107.251 0.239
201906 -0.221 108.070 -0.265
201909 0.053 108.329 0.063
201912 0.361 108.420 0.431
202003 -1.630 108.902 -1.937
202006 0.517 108.767 0.615
202009 0.437 109.815 0.515
202012 0.074 109.897 0.087
202103 -0.137 111.754 -0.159
202106 -0.439 114.631 -0.496
202109 -0.176 115.734 -0.197
202112 -0.906 117.630 -0.997
202203 0.028 121.301 0.030
202206 -0.384 125.017 -0.398
202209 0.918 125.227 0.949
202212 0.595 125.222 0.615
202303 0.470 127.348 0.478
202306 1.194 128.729 1.200
202309 0.851 129.860 0.848
202312 -5.674 129.419 -5.674

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.


Frontline  (HAM:HF6) 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.


Frontline Cyclically Adjusted Price-to-FCF Related Terms

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Frontline (HAM:HF6) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (HAM:HF6) » Definitions » Cyclically Adjusted Price-to-FCF
Address
8, John Kennedy Street, 7th floor, Iris House, Office 740B, Limassol, CYP, 3106
Frontline Plc is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.

Frontline (HAM:HF6) Headlines

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