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Golar LNG (Golar LNG) Cyclically Adjusted FCF per Share : $-5.25 (As of Dec. 2023)


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What is Golar LNG Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Golar LNG's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.942. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $-5.25 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -6.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Golar LNG was 2.60% per year. The lowest was -42.10% per year. And the median was -3.90% per year.

As of today (2024-04-28), Golar LNG's current stock price is $25.10. Golar LNG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $-5.25. Golar LNG's Cyclically Adjusted Price-to-FCF of today is .


Golar LNG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Golar LNG's Cyclically Adjusted FCF per Share 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.

Golar LNG Cyclically Adjusted FCF per Share Chart

Golar LNG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.42 -5.68 -5.79 -5.96 -5.25

Golar LNG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 -5.96 -5.78 -5.76 -5.72 -5.25

Competitive Comparison of Golar LNG's Cyclically Adjusted FCF per Share

For the Oil & Gas Midstream subindustry, Golar LNG'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.


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

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

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



Golar LNG Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Golar LNG'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)
=-0.942/129.4194*129.4194
=-0.942

Current CPI (Dec. 2023) = 129.4194.

Golar LNG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -3.464 99.695 -4.497
201406 -4.405 100.560 -5.669
201409 -3.190 100.428 -4.111
201412 -5.462 99.070 -7.135
201503 -4.920 99.621 -6.392
201506 -1.048 100.684 -1.347
201509 -0.724 100.392 -0.933
201512 -4.709 99.792 -6.107
201603 -0.598 100.470 -0.770
201606 -1.182 101.688 -1.504
201609 -0.466 101.861 -0.592
201612 -0.631 101.863 -0.802
201703 -0.681 102.862 -0.857
201706 -0.963 103.349 -1.206
201709 -0.560 104.136 -0.696
201712 -2.005 104.011 -2.495
201803 -0.586 105.290 -0.720
201806 -0.111 106.317 -0.135
201809 0.116 106.507 0.141
201812 0.250 105.998 0.305
201903 0.481 107.251 0.580
201906 -1.555 108.070 -1.862
201909 -0.101 108.329 -0.121
201912 -2.004 108.420 -2.392
202003 -1.034 108.902 -1.229
202006 -0.114 108.767 -0.136
202009 -0.159 109.815 -0.187
202012 -0.254 109.897 -0.299
202103 -0.038 111.754 -0.044
202106 -0.565 114.631 -0.638
202109 0.308 115.734 0.344
202112 0.505 117.630 0.556
202203 -0.937 121.301 -1.000
202206 -0.001 125.017 -0.001
202209 0.406 125.227 0.420
202212 0.822 125.222 0.850
202303 0.311 127.348 0.316
202306 -0.933 128.729 -0.938
202309 -0.212 129.860 -0.211
202312 -0.942 129.419 -0.942

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Golar LNG  (NAS:GLNG) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Golar LNG Cyclically Adjusted FCF per Share Related Terms

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


Golar LNG (Golar LNG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Ltd (NAS:GLNG) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11
Golar LNG Ltd is a midstream LNG company operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), Power, and Corporate and other. It generates maximum revenue from the FLNG segment.

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