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Imperial Oil (Imperial Oil) Cyclically Adjusted Price-to-FCF : 27.40 (As of Apr. 27, 2024)


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What is Imperial Oil Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Imperial Oil's current share price is $70.70. Imperial Oil's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.58. Imperial Oil's Cyclically Adjusted Price-to-FCF for today is 27.40.

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

IMO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.97   Med: 68.94   Max: 771.5
Current: 28.35

During the past years, Imperial Oil's highest Cyclically Adjusted Price-to-FCF was 771.50. The lowest was 21.97. And the median was 68.94.

IMO's Cyclically Adjusted Price-to-FCF is ranked worse than
74.23% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs IMO: 28.35

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.

Imperial Oil's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.132. 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 $2.58 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imperial Oil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Imperial Oil'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.

Imperial Oil Cyclically Adjusted Price-to-FCF Chart

Imperial Oil 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 121.81 66.37 49.28 26.22 22.16

Imperial Oil Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 26.22 28.06 25.32 25.60 22.16

Competitive Comparison of Imperial Oil's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Imperial Oil'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.


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

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

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



Imperial Oil 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.

Imperial Oil's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=70.70/2.58
=27.40

* 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.

Imperial Oil's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Imperial Oil'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)
=1.132/125.4675*125.4675
=1.132

Current CPI (Dec. 2023) = 125.4675.

Imperial Oil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.128 98.604 -0.163
201406 -0.321 99.473 -0.405
201409 -0.129 99.394 -0.163
201412 -0.354 98.367 -0.452
201503 -0.680 99.789 -0.855
201506 -0.376 100.500 -0.469
201509 0.405 100.421 0.506
201512 -0.136 99.947 -0.171
201603 -0.304 101.054 -0.377
201606 0.119 102.002 0.146
201609 0.523 101.765 0.645
201612 0.503 101.449 0.622
201703 0.204 102.634 0.249
201706 0.152 103.029 0.185
201709 0.574 103.345 0.697
201712 0.720 103.345 0.874
201803 0.571 105.004 0.682
201806 0.467 105.557 0.555
201809 0.843 105.636 1.001
201812 0.410 105.399 0.488
201903 0.549 106.979 0.644
201906 0.618 107.690 0.720
201909 0.953 107.611 1.111
201912 0.638 107.769 0.743
202003 0.110 107.927 0.128
202006 -1.026 108.401 -1.188
202009 0.752 108.164 0.872
202012 0.112 108.559 0.129
202103 0.949 110.298 1.080
202106 0.689 111.720 0.774
202109 1.879 112.905 2.088
202112 1.369 113.774 1.510
202203 1.893 117.646 2.019
202206 2.767 120.806 2.874
202209 3.219 120.648 3.348
202212 2.815 120.964 2.920
202303 -1.561 122.702 -1.596
202306 0.497 124.203 0.502
202309 2.516 125.230 2.521
202312 1.132 125.468 1.132

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.


Imperial Oil  (AMEX:IMO) 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.


Imperial Oil Cyclically Adjusted Price-to-FCF Related Terms

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


Imperial Oil (Imperial Oil) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Oil Ltd (AMEX:IMO) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
505 Quarry Park Boulevard S.E, Calgary, AB, CAN, T2C 5N1
Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d. The Upstream segment operates to produce crude oil and its equivalent, and natural gas. The Downstream segment operates to refine crude oil into petroleum products. The Chemical segment manufactures hydrocarbon-based chemicals and chemical products.