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Ardmore Shipping (Ardmore Shipping) Cyclically Adjusted Price-to-FCF : (As of May. 24, 2024)


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What is Ardmore Shipping Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ardmore Shipping Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ardmore Shipping'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.

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Ardmore Shipping Cyclically Adjusted Price-to-FCF Chart

Ardmore Shipping Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ardmore Shipping Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Ardmore Shipping's Cyclically Adjusted Price-to-FCF

For the Marine Shipping subindustry, Ardmore Shipping'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.


Ardmore Shipping's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ardmore Shipping's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ardmore Shipping 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.

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

For example, Ardmore Shipping'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)
=0.858/131.7762*131.7762
=0.858

Current CPI (Mar. 2024) = 131.7762.

Ardmore Shipping Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.113 100.560 -2.769
201409 -2.168 100.428 -2.845
201412 -0.615 99.070 -0.818
201503 -3.586 99.621 -4.743
201506 -1.556 100.684 -2.037
201509 -1.168 100.392 -1.533
201512 -1.175 99.792 -1.552
201603 0.645 100.470 0.846
201606 -0.236 101.688 -0.306
201609 -3.777 101.861 -4.886
201612 -0.466 101.863 -0.603
201703 0.020 102.862 0.026
201706 0.265 103.349 0.338
201709 0.064 104.136 0.081
201712 0.143 104.011 0.181
201803 -0.318 105.290 -0.398
201806 0.149 106.317 0.185
201809 -0.112 106.507 -0.139
201812 0.037 105.998 0.046
201903 0.020 107.251 0.025
201906 0.280 108.070 0.341
201909 0.025 108.329 0.030
201912 0.215 108.420 0.261
202003 0.337 108.902 0.408
202006 0.559 108.767 0.677
202009 -0.087 109.815 -0.104
202012 -0.055 109.897 -0.066
202103 -0.051 111.754 -0.060
202106 0.024 114.631 0.028
202109 -0.102 115.734 -0.116
202112 -0.033 117.630 -0.037
202203 -0.171 121.301 -0.186
202206 0.408 125.017 0.430
202209 1.322 125.227 1.391
202212 1.377 125.222 1.449
202303 1.302 127.348 1.347
202306 0.801 128.729 0.820
202309 0.857 129.860 0.870
202312 0.257 129.419 0.262
202403 0.858 131.776 0.858

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.


Ardmore Shipping  (NYSE:ASC) 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.


Ardmore Shipping Cyclically Adjusted Price-to-FCF Related Terms

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Ardmore Shipping (Ardmore Shipping) Business Description

Traded in Other Exchanges
Address
69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08
Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.