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Suncor Energy (TSX:SU) Cyclically Adjusted FCF per Share : C$2.76 (As of Dec. 2023)


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What is Suncor Energy 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.

Suncor Energy's adjusted free cash flow per share for the three months ended in Dec. 2023 was C$2.136. 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 C$2.76 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Suncor Energy's average Cyclically Adjusted FCF Growth Rate was 12.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 24.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 22.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.10% 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 Suncor Energy was 33.80% per year. The lowest was -15.90% per year. And the median was 9.50% per year.

As of today (2024-04-27), Suncor Energy's current stock price is C$53.87. Suncor Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$2.76. Suncor Energy's Cyclically Adjusted Price-to-FCF of today is 19.52.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Suncor Energy was 59.35. The lowest was 10.66. And the median was 21.10.


Suncor Energy Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Suncor Energy'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.

Suncor Energy Cyclically Adjusted FCF per Share Chart

Suncor Energy 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 1.45 1.42 1.74 2.46 2.76

Suncor Energy 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 2.46 2.40 2.46 2.59 2.76

Competitive Comparison of Suncor Energy's Cyclically Adjusted FCF per Share

For the Oil & Gas Integrated subindustry, Suncor Energy'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.


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

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

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



Suncor Energy 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, Suncor Energy'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)
=2.136/125.4675*125.4675
=2.136

Current CPI (Dec. 2023) = 125.4675.

Suncor Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.165 98.604 0.210
201406 0.353 99.473 0.445
201409 0.748 99.394 0.944
201412 0.079 98.367 0.101
201503 -0.311 99.789 -0.391
201506 0.151 100.500 0.189
201509 0.716 100.421 0.895
201512 -0.406 99.947 -0.510
201603 -0.994 101.054 -1.234
201606 -0.565 102.002 -0.695
201609 0.172 101.765 0.212
201612 0.728 101.449 0.900
201703 0.148 102.634 0.181
201706 -0.110 103.029 -0.134
201709 0.732 103.345 0.889
201712 0.686 103.345 0.833
201803 -0.345 105.004 -0.412
201806 0.417 105.557 0.496
201809 1.943 105.636 2.308
201812 1.182 105.399 1.407
201903 0.408 106.979 0.479
201906 1.316 107.690 1.533
201909 1.042 107.611 1.215
201912 0.344 107.769 0.400
202003 0.042 107.927 0.049
202006 -0.961 108.401 -1.112
202009 0.199 108.164 0.231
202012 -0.100 108.559 -0.116
202103 1.013 110.298 1.152
202106 0.492 111.720 0.553
202109 2.368 112.905 2.631
202112 0.985 113.774 1.086
202203 1.423 117.646 1.518
202206 2.060 120.806 2.139
202209 2.220 120.648 2.309
202212 1.915 120.964 1.986
202303 -0.067 122.702 -0.069
202306 0.858 124.203 0.867
202309 2.002 125.230 2.006
202312 2.136 125.468 2.136

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


Suncor Energy  (TSX:SU) 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.

Suncor Energy's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=53.87/2.76
=19.52

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Suncor Energy was 59.35. The lowest was 10.66. And the median was 21.10.


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.


Suncor Energy Cyclically Adjusted FCF per Share Related Terms

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


Suncor Energy (TSX:SU) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Suncor Energy Inc (TSX:SU) » Definitions » Cyclically Adjusted FCF per Share
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Address
150 - 6th Avenue S.W., P.O. Box 2844, Calgary, AB, CAN, T2P 3E3
Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.