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Forbes Energy Services (Forbes Energy Services) Cyclically Adjusted FCF per Share : $0.00 (As of Mar. 2020)


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What is Forbes Energy Services 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.

Forbes Energy Services's adjusted free cash flow per share for the three months ended in Mar. 2020 was $0.690. 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 $0.00 for the trailing ten years ended in Mar. 2020.

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.

As of today (2024-06-09), Forbes Energy Services's current stock price is $1.0E-5. Forbes Energy Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2020 was $0.00. Forbes Energy Services's Cyclically Adjusted Price-to-FCF of today is .


Forbes Energy Services Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Forbes Energy Services'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.

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Forbes Energy Services Cyclically Adjusted FCF per Share Chart

Forbes Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted FCF per Share
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Forbes Energy Services Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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Competitive Comparison of Forbes Energy Services's Cyclically Adjusted FCF per Share

For the Oil & Gas Equipment & Services subindustry, Forbes Energy Services'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.


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

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

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



Forbes Energy Services 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, Forbes Energy Services's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2020 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=0.69/108.9015*108.9015
=0.690

Current CPI (Mar. 2020) = 108.9015.

Forbes Energy Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201006 -0.082 91.962 -0.097
201009 0.318 92.162 0.376
201012 0.223 92.474 0.263
201103 -0.062 94.283 -0.072
201106 -2.165 95.235 -2.476
201109 -0.120 95.727 -0.137
201112 -0.116 95.213 -0.133
201203 -1.095 96.783 -1.232
201206 -0.583 96.819 -0.656
201209 0.132 97.633 0.147
201212 -0.071 96.871 -0.080
201303 0.693 98.209 0.768
201306 -0.133 98.518 -0.147
201309 0.290 98.790 0.320
201312 -0.203 98.326 -0.225
201403 -0.018 99.695 -0.020
201406 -0.283 100.560 -0.306
201409 0.744 100.428 0.807
201412 -0.014 99.070 -0.015
201503 0.883 99.621 0.965
201506 0.273 100.684 0.295
201509 0.525 100.392 0.570
201512 -0.449 99.792 -0.490
201603 0.200 100.470 0.217
201606 -0.380 101.688 -0.407
201609 -0.261 101.861 -0.279
201612 -0.588 101.863 -0.629
201703 -0.169 102.862 -0.179
201706 -0.814 103.349 -0.858
201709 -1.599 104.136 -1.672
201712 -1.248 104.011 -1.307
201803 -0.393 105.290 -0.406
201806 -1.859 106.317 -1.904
201809 -0.901 106.507 -0.921
201812 -0.895 105.998 -0.920
201903 -1.467 107.251 -1.490
201906 -1.163 108.070 -1.172
201909 1.997 108.329 2.008
201912 -0.019 108.420 -0.019
202003 0.690 108.902 0.690

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


Forbes Energy Services  (OTCPK:FLSS) 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.


Forbes Energy Services Cyclically Adjusted FCF per Share Related Terms

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


Forbes Energy Services (Forbes Energy Services) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3000 South Business Highway 281, Alice, TX, USA, 78332
Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.
Executives
Ascribe Associates Iii, Llc 10 percent owner, other: See Remarks 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Solace General Partner, Llc 10 percent owner, other: See Remarks 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
Solace Forbes Holdings, Llc 10 percent owner, other: See Remarks 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
American Securities Llc 10 percent owner, other: See Remarks 590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Ascribe Opportunities Fund Iii(b), L.p. 10 percent owner, other: See Remarks C/O ASOF ASSOCIATES III, LLC 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171-8000
Ascribe Opportunities Fund Iii, L.p. 10 percent owner, other: See Remarks C/O ASOF ASSOCIATES III, LLC 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171-8000
Solace Capital Special Situations Fund, L.p. 10 percent owner, other: See Remarks 11111 SANTA MONICA BOULEVARD SUITE 1275 LOS ANGELES CA 90025
Ascribe Capital Llc 10 percent owner, other: See Remarks 590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022
Ascribe Iii Investments Llc 10 percent owner, other: See Remarks 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Solace Capital Partners, L.p. 10 percent owner, other: See Remarks 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
L Melvin Cooper officer: Senior Vice President & CFO 2930 W. SAM HOUSTON PARKWAY N, SUITE 300, HOUSTON TX 77043
Steve Macek officer: EVP, COO 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332
John E. Crisp director, officer: President & CEO 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332
Joe Michetti officer: President & Co-COO of FES LLC 18001 HIGHWAY 105 WEST, SUITE 102 MONTGOMERY TX 77356
David B Rosenwasser director 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332

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