GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheniere Energy Partners LP (NYSE:CQP) » Definitions » Cyclically Adjusted Price-to-FCF

Cheniere Energy Partners LP (Cheniere Energy Partners LP) Cyclically Adjusted Price-to-FCF : (As of Jun. 01, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Cheniere Energy Partners LP Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cheniere Energy Partners LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cheniere Energy Partners LP'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.

Cheniere Energy Partners LP Cyclically Adjusted Price-to-FCF Chart

Cheniere Energy Partners LP 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 - - - - -

Cheniere Energy Partners LP 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 - - - - -

Competitive Comparison of Cheniere Energy Partners LP's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Cheniere Energy Partners LP'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.


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

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

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



Cheniere Energy Partners LP 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.

Cheniere Energy Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Cheniere Energy Partners LP'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)
=1.308/131.7762*131.7762
=1.308

Current CPI (Mar. 2024) = 131.7762.

Cheniere Energy Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.617 100.560 -2.119
201409 -3.597 100.428 -4.720
201412 -2.344 99.070 -3.118
201503 -1.760 99.621 -2.328
201506 -4.315 100.684 -5.648
201509 -3.673 100.392 -4.821
201512 -2.819 99.792 -3.722
201603 -3.745 100.470 -4.912
201606 -3.122 101.688 -4.046
201609 -3.138 101.861 -4.060
201612 -1.152 101.863 -1.490
201703 -2.125 102.862 -2.722
201706 -0.857 103.349 -1.093
201709 -0.282 104.136 -0.357
201712 0.762 104.011 0.965
201803 0.283 105.290 0.354
201806 0.667 106.317 0.827
201809 0.467 106.507 0.578
201812 0.793 105.998 0.986
201903 0.126 107.251 0.155
201906 -0.012 108.070 -0.015
201909 -0.483 108.329 -0.588
201912 0.816 108.420 0.992
202003 0.450 108.902 0.545
202006 0.155 108.767 0.188
202009 0.506 109.815 0.607
202012 0.498 109.897 0.597
202103 0.913 111.754 1.077
202106 0.655 114.631 0.753
202109 0.853 115.734 0.971
202112 0.973 117.630 1.090
202203 1.473 121.301 1.600
202206 1.310 125.017 1.381
202209 1.527 125.227 1.607
202212 3.331 125.222 3.505
202303 1.566 127.348 1.620
202306 1.304 128.729 1.335
202309 1.310 129.860 1.329
202312 1.789 129.419 1.822
202403 1.308 131.776 1.308

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.


Cheniere Energy Partners LP  (NYSE:CQP) 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.


Cheniere Energy Partners LP Cyclically Adjusted Price-to-FCF Related Terms

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


Cheniere Energy Partners LP (Cheniere Energy Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
700 Milam Street, Suite 1900, Houston, TX, USA, 77002
Cheniere Energy Partners is the direct owner of the Sabine Pass LNG terminals as well as regasification facilities. It also owns the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.
Executives
Taylor Johnson director, other: Deputy GC and Asst. Sec. 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Grindal Corey director, officer: EVP, Worldwide Trading 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Brian Arthur Baker director 700 MILAM ST., SUITE 1900, HOUSTON TX 77002
Bx Rockies Platform Co Llc 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Christopher Manuel Dellamore director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tim Wyatt director, officer: SVP, Corp. Dev. and Strategy 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
James Robert Ball director 4 PROVIDENCE VILLAS, BRACKENBURY, LONDON X0 W6 0BA
Adam Kuhnley director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
David L Slack officer: VP & Chief Accounting Officer 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Matthew Jk Runkle director 345 PARK AVENUE, NEW YORK NY 10154
Bam Partners Trust 10 percent owner 181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Gso Holdings I Llc 10 percent owner C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154