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Frontline (OSL:FRO) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 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.

* Premium members only.

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
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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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 Mar. 2024 is calculated as:

For example, Frontline'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)
=-34.69/131.7762*131.7762
=-34.690

Current CPI (Mar. 2024) = 131.7762.

Frontline Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -13.377 100.560 -17.530
201409 5.097 100.428 6.688
201412 -44.501 99.070 -59.192
201503 0.543 99.621 0.718
201506 8.996 100.684 11.774
201509 9.098 100.392 11.942
201512 -37.652 99.792 -49.720
201603 -2.896 100.470 -3.798
201606 -4.923 101.688 -6.380
201609 -7.102 101.861 -9.188
201612 -2.232 101.863 -2.887
201703 -8.364 102.862 -10.715
201706 -8.529 103.349 -10.875
201709 -11.057 104.136 -13.992
201712 0.199 104.011 0.252
201803 -7.968 105.290 -9.972
201806 -0.732 106.317 -0.907
201809 -0.128 106.507 -0.158
201812 1.142 105.998 1.420
201903 1.922 107.251 2.362
201906 -2.155 108.070 -2.628
201909 0.521 108.329 0.634
201912 3.618 108.420 4.397
202003 -18.445 108.902 -22.319
202006 5.552 108.767 6.726
202009 4.713 109.815 5.656
202012 0.783 109.897 0.939
202103 -1.392 111.754 -1.641
202106 -4.458 114.631 -5.125
202109 -1.790 115.734 -2.038
202112 -9.199 117.630 -10.305
202203 0.269 121.301 0.292
202206 -3.960 125.017 -4.174
202209 9.358 125.227 9.847
202212 6.223 125.222 6.549
202303 5.644 127.348 5.840
202306 13.607 128.729 13.929
202309 9.745 129.860 9.889
202312 -65.271 129.419 -66.460
202403 -34.690 131.776 -34.690

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  (OSL:FRO) 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

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


Frontline (OSL:FRO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (OSL:FRO) » 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.

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