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Coterra Energy (FRA:XCQ) Cyclically Adjusted FCF per Share : €1.04 (As of Mar. 2024)


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What is Coterra 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.

Coterra Energy's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.485. 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 €1.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Coterra Energy's average Cyclically Adjusted FCF Growth Rate was 21.30% 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 Coterra Energy was 51.60% per year. The lowest was -128.90% per year. And the median was -16.40% per year.

As of today (2024-05-10), Coterra Energy's current stock price is €25.905. Coterra Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.04. Coterra Energy's Cyclically Adjusted Price-to-FCF of today is 24.91.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Coterra Energy was 954.50. The lowest was 22.71. And the median was 45.20.


Coterra Energy Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Coterra 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.

Coterra Energy Cyclically Adjusted FCF per Share Chart

Coterra 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 -0.18 -0.04 0.20 0.73 0.97

Coterra Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.84 0.86 0.95 0.97 1.04

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

For the Oil & Gas E&P subindustry, Coterra 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.


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

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

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



Coterra 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, Coterra Energy'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)
=0.485/129.4194*129.4194
=0.485

Current CPI (Mar. 2024) = 129.4194.

Coterra Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.089 100.560 0.115
201409 0.021 100.428 0.027
201412 -0.433 99.070 -0.566
201503 -0.285 99.621 -0.370
201506 -0.169 100.684 -0.217
201509 -0.061 100.392 -0.079
201512 0.064 99.792 0.083
201603 -0.052 100.470 -0.067
201606 0.034 101.688 0.043
201609 0.038 101.861 0.048
201612 0.020 101.863 0.025
201703 0.122 102.862 0.153
201706 0.144 103.349 0.180
201709 -0.008 104.136 -0.010
201712 0.002 104.011 0.002
201803 0.205 105.290 0.252
201806 0.081 106.317 0.099
201809 -0.035 106.507 -0.043
201812 0.140 105.998 0.171
201903 0.811 107.251 0.979
201906 0.210 108.070 0.251
201909 0.157 108.329 0.188
201912 0.209 108.420 0.249
202003 0.127 108.902 0.151
202006 -0.102 108.767 -0.121
202009 -0.039 109.815 -0.046
202012 0.429 109.897 0.505
202103 0.349 111.754 0.404
202106 0.058 114.631 0.065
202109 0.131 115.734 0.146
202112 0.742 117.630 0.816
202203 1.172 121.301 1.250
202206 0.474 125.017 0.491
202209 1.661 125.227 1.717
202212 1.183 125.222 1.223
202303 1.228 127.348 1.248
202306 0.060 128.729 0.060
202309 0.260 129.860 0.259
202312 0.353 129.419 0.353
202403 0.485 129.419 0.485

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


Coterra Energy  (FRA:XCQ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=25.905/1.04
=24.91

* 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 Coterra Energy was 954.50. The lowest was 22.71. And the median was 45.20.


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.


Coterra Energy Cyclically Adjusted FCF per Share Related Terms

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


Coterra Energy (FRA:XCQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coterra Energy Inc (FRA:XCQ) » Definitions » Cyclically Adjusted FCF per Share
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Address
840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024
Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2022, Coterra's proved reserves were 2.4 billion barrels of oil equivalent, with net production that year of approximately 633 million barrels of oil equivalent per day (of which 74% was natural gas).

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