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Odfjell Drilling (Odfjell Drilling) Cyclically Adjusted Price-to-FCF : 21.77 (As of Jun. 10, 2024)


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What is Odfjell Drilling Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Odfjell Drilling's current share price is $4.79. Odfjell Drilling's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.22. Odfjell Drilling's Cyclically Adjusted Price-to-FCF for today is 21.77.

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

ODFJF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.23   Med: 18.75   Max: 35.43
Current: 24.06

During the past years, Odfjell Drilling's highest Cyclically Adjusted Price-to-FCF was 35.43. The lowest was 13.23. And the median was 18.75.

ODFJF's Cyclically Adjusted Price-to-FCF is ranked worse than
70.35% of 398 companies
in the Oil & Gas industry
Industry Median: 13.655 vs ODFJF: 24.06

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.

Odfjell Drilling's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.153. 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 $0.22 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Odfjell Drilling Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Odfjell Drilling'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.

Odfjell Drilling Cyclically Adjusted Price-to-FCF Chart

Odfjell Drilling 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 - - 25.00 15.96 17.52

Odfjell Drilling 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 14.40 13.42 18.72 17.52 20.70

Competitive Comparison of Odfjell Drilling's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Drilling subindustry, Odfjell Drilling'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.


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

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

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



Odfjell Drilling 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.

Odfjell Drilling's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.79/0.22
=21.77

* 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.

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

For example, Odfjell Drilling'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)
=0.153/131.6000*131.6000
=0.153

Current CPI (Mar. 2024) = 131.6000.

Odfjell Drilling Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.052 99.800 -0.069
201409 -0.012 100.000 -0.016
201412 -2.272 99.900 -2.993
201503 -0.084 99.600 -0.111
201506 0.171 100.100 0.225
201509 0.501 100.200 0.658
201512 0.029 100.400 0.038
201603 0.249 100.400 0.326
201606 0.110 101.000 0.143
201609 0.212 101.500 0.275
201612 0.224 102.200 0.288
201703 0.095 102.700 0.122
201706 0.200 103.500 0.254
201709 0.179 104.300 0.226
201712 0.218 105.000 0.273
201803 0.187 105.100 0.234
201806 -0.859 105.900 -1.067
201809 0.071 106.600 0.088
201812 0.202 107.100 0.248
201903 -1.160 107.000 -1.427
201906 0.007 107.900 0.009
201909 -0.042 108.400 -0.051
201912 0.236 108.500 0.286
202003 0.081 108.600 0.098
202006 0.221 108.800 0.267
202009 0.150 109.200 0.181
202012 0.527 109.400 0.634
202103 0.046 109.700 0.055
202106 0.062 111.400 0.073
202109 0.182 112.400 0.213
202112 0.361 114.700 0.414
202203 0.221 116.500 0.250
202206 0.217 120.500 0.237
202209 0.200 122.300 0.215
202212 0.242 125.300 0.254
202303 0.179 126.800 0.186
202306 0.189 129.400 0.192
202309 0.248 130.100 0.251
202312 0.221 130.500 0.223
202403 0.153 131.600 0.153

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.


Odfjell Drilling  (OTCPK:ODFJF) 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.


Odfjell Drilling Cyclically Adjusted Price-to-FCF Related Terms

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


Odfjell Drilling (Odfjell Drilling) Business Description

Industry
Traded in Other Exchanges
Address
Crawpeel Road, Bergen House, Altens, Aberdeen, GBR, AB12 3LG
Odfjell Drilling Ltd is an integrated offshore drilling and oil service company. The company and its subsidiaries operates mobile offshore drilling units. It operates in the segments Own Fleet, External Fleet and Corporate / other. The Own Fleet segment operates mobile offshore drilling units owned by Odfjell Drilling. The External Fleet segment offers management services to other owners of drilling units; mainly operational management, management of regulatory requirements, marketing, contract negotiations and client relations, preparations for operation and mobilisation. Majority of revenue is generated from Own Fleet segment. Geographically, It operates in Norway.

Odfjell Drilling (Odfjell Drilling) Headlines

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