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Antero Resources (Antero Resources) Cyclically Adjusted Price-to-FCF : 10.15 (As of Apr. 27, 2024)


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What is Antero Resources Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Antero Resources's current share price is $33.80. Antero Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.33. Antero Resources's Cyclically Adjusted Price-to-FCF for today is 10.15.

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

AR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.46   Med: 11.22   Max: 27.83
Current: 10.04

During the past years, Antero Resources's highest Cyclically Adjusted Price-to-FCF was 27.83. The lowest was 6.46. And the median was 11.22.

AR's Cyclically Adjusted Price-to-FCF is ranked better than
63.78% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs AR: 10.04

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.

Antero Resources's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.730. 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 $3.33 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Antero Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Antero Resources'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.

Antero Resources Cyclically Adjusted Price-to-FCF Chart

Antero Resources 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 - - 12.38 11.68 6.93

Antero Resources 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 8.14 7.71 8.17 6.93 8.72

Competitive Comparison of Antero Resources's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Antero Resources'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.


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

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

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



Antero Resources 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.

Antero Resources's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=33.80/3.33
=10.15

* 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.

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

For example, Antero Resources'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)
=0.73/129.4194*129.4194
=0.730

Current CPI (Mar. 2024) = 129.4194.

Antero Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.582 100.560 -0.749
201409 -0.692 100.428 -0.892
201412 -1.206 99.070 -1.575
201503 0.564 99.621 0.733
201506 0.277 100.684 0.356
201509 0.278 100.392 0.358
201512 0.056 99.792 0.073
201603 0.813 100.470 1.047
201606 0.419 101.688 0.533
201609 -1.151 101.861 -1.462
201612 0.272 101.863 0.346
201703 0.585 102.862 0.736
201706 -0.329 103.349 -0.412
201709 2.665 104.136 3.312
201712 0.473 104.011 0.589
201803 1.122 105.290 1.379
201806 0.401 106.317 0.488
201809 0.716 106.507 0.870
201812 2.073 105.998 2.531
201903 1.411 107.251 1.703
201906 0.606 108.070 0.726
201909 0.598 108.329 0.714
201912 0.428 108.420 0.511
202003 0.667 108.902 0.793
202006 0.388 108.767 0.462
202009 0.619 109.815 0.730
202012 0.847 109.897 0.997
202103 1.839 111.754 2.130
202106 0.957 114.631 1.080
202109 0.897 115.734 1.003
202112 1.349 117.630 1.484
202203 1.701 121.301 1.815
202206 2.603 125.017 2.695
202209 3.186 125.227 3.293
202212 1.407 125.222 1.454
202303 0.852 127.348 0.866
202306 0.380 128.729 0.382
202309 0.484 129.860 0.482
202312 0.947 129.419 0.947
202403 0.730 129.419 0.730

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.


Antero Resources  (NYSE:AR) 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.


Antero Resources Cyclically Adjusted Price-to-FCF Related Terms

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


Antero Resources (Antero Resources) Business Description

Industry
Traded in Other Exchanges
Address
1615 Wynkoop Street, Denver, CO, USA, 80202
Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2022, the company reported proven reserves of 17.8 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,205 million cubic feet of equivalent a day in 2022 at a ratio of 32% liquids and 68% natural gas.
Executives
Sheri Pearce officer: See Remarks 1615 WYNKOOP ST., DENVER CO 80202
Michael N. Kennedy officer: Senior Vice President Finance 707 - 17TH STREET, SUITE 3600, DENVER CO 80202
Keenan W Howard Jr director 410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Robert J Clark director 1401 17TH STREET, SUITE 1200, DENVER CO 80202
W Patrick Ash officer: See Remarks 400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
Yvette K Schultz officer: See Remarks. 1615 WYNKOOP STREET, DENVER CO 80202
Brenda R Schroer director 600 W. ILLINOIS AVENUE, ONE CONCHO CENTER, MIDLAND TX 79701
Jacqueline C Mutschler director 2000 ST. JAMES PLACE, HOUSTON TX 77056
Vicky Sutil director 10889 WILSHIRE BLVD., LOS ANGELES CA 90024
Tyree Thomas B Jr director 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Warburg Pincus Llc 10 percent owner 450 LEXINGTON AVENUE, NEW YORK NY 10017
James R. Levy director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity X O&g, L.p. director, 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Peter Kagan director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Paul M Rady director, officer: See Remarks 1625 17TH STREET, DENVER CO 80202