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

MarkWest Energy Partners LP (MarkWest Energy Partners LP) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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

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

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for MarkWest 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.

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

MarkWest Energy Partners LP Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

MarkWest Energy Partners LP Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 MarkWest Energy Partners LP's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, MarkWest 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.


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

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

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



MarkWest 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.

MarkWest Energy Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2015 is calculated as:

For example, MarkWest Energy Partners LP's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2015 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=-0.961/100.3915*100.3915
=-0.961

Current CPI (Sep. 2015) = 100.3915.

MarkWest Energy Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200512 -0.176 83.032 -0.213
200603 1.079 84.298 1.285
200606 1.013 85.606 1.188
200609 0.732 85.606 0.858
200612 0.256 85.142 0.302
200703 0.070 86.640 0.081
200706 -2.677 87.906 -3.057
200709 -1.627 87.964 -1.857
200712 -2.224 88.616 -2.520
200803 1.381 90.090 1.539
200806 -1.013 92.320 -1.102
200809 -1.634 92.307 -1.777
200812 -4.367 88.697 -4.943
200903 -1.358 89.744 -1.519
200906 -2.236 91.003 -2.467
200909 -0.551 91.120 -0.607
200912 -0.345 91.111 -0.380
201003 0.286 91.821 0.313
201006 -1.987 91.962 -2.169
201009 -0.760 92.162 -0.828
201012 0.428 92.474 0.465
201103 0.022 94.283 0.023
201106 -0.391 95.235 -0.412
201109 -0.012 95.727 -0.013
201112 -1.260 95.213 -1.329
201203 -0.394 96.783 -0.409
201206 -2.205 96.819 -2.286
201209 -4.619 97.633 -4.749
201212 -4.232 96.871 -4.386
201303 -4.259 98.209 -4.354
201306 -4.673 98.518 -4.762
201309 -4.135 98.790 -4.202
201312 -4.218 98.326 -4.307
201403 -2.705 99.695 -2.724
201406 -2.448 100.560 -2.444
201409 -1.886 100.428 -1.885
201412 -2.168 99.070 -2.197
201503 -1.271 99.621 -1.281
201506 -1.244 100.684 -1.240
201509 -0.961 100.392 -0.961

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.


MarkWest Energy Partners LP  (NYSE:MWE) 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.


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

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


MarkWest Energy Partners LP (MarkWest Energy Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
MarkWest Energy Partners LP a Delaware corporation was formed in Delaware on January 24, 2002. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of NGLs; and the gathering and transportation of crude oil. The Company has presence in many unconventional gas plays including the Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford Shale and Granite Wash formation. The Company conducts operations in the following operating segments: Marcellus, Utica, Northeast and Southwest. Its primary business is to provide top-tier midstream services by developing and operating high-quality, strategically located assets in the liquids-rich areas of six core natural gas producing resource plays in the United States. The Company provides services in the midstream sector of the natural gas industry. The midstream natural gas industry is the link between the exploration for and production of natural gas and the delivery of its hydrocarbon components to end-use markets. In the Marcellus segment, it provides fully integrated natural gas midstream services in southwestern Pennsylvania and northern West Virginia through its wholly owned subsidiary, MarkWest Liberty Midstream. The Company operates five processing complexes in its Marcellus segment that include the Houston Complex located in Washington County, Pennsylvania: the Majorsville Complex located in Marshall County, West Virginia; the Mobley Complex located in Wetzel County, West Virginia; the Sherwood Complex located in Doddridge County, West Virginia; and the Keystone Complex located in Butler County, Pennsylvania. In addition, it operates two gathering systems: one currently delivering over 475 MMcf/d of natural gas to its Houston and Majorsville Complexes and the other delivering over 74 MMcf/d of natural gas to its Keystone complex. MarkWest Utica EMG provides gathering, processing, fractionation and marketing services in the liquids-rich corridor of the Utica Shale in eastern Ohio. In each of its operating segments, the company faces competition for natural gas gathering, crude oil transportation and in obtaining natural gas supplies for its processing and related services; in obtaining unprocessed NGLs for gathering and fractionation; and in marketing its products and services. The Company's processing and fractionation plants, pipelines and associated facilities are subject to multiple obligations and potential liabilities under a variety of stringent and comprehensive federal, regional, state and local laws and regulations governing discharges of materials into the environment or otherwise relating to environmental protection.
Executives
Nancy Buese officer: EVP, Chief Financial Officer 1515 ARAPAHOE STREET, DENVER CO 80202-2126
J Michael Stice director 525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105
Frank M Semple director, officer: Chairman, President & CEO 1515 ARAPAHOE ST., TOWER 2, SUITE 700, DENVER CO 80202
Randy S Nickerson officer: EVP, Chief Commercial Officer 1515 ARAPAHOE ST., TOWER 2, SUITE 700, DENVER CO 80202
Randall J Larson director
Michael L Beatty director 5735 PINELAND DR, SUITE 300, DALLAS TX 75231
Donald D Wolf director 1670 BROADWAY SUITE 2800, DENVER CO 80202
Gregory Scott Floerke officer: EVP, Chief Commercial Officer C/O MARKWEST ENERGY PARTNERS, L.P., 1515 ARAPAHOE STREET, TOWER 1, SUITE 160, DENVER CO 80202
Bromley C Corwin officer: EVP, General Counsel 1515 ARAPAHOE ST., TOWER 2, SUITE 700, DENVER CO 80202
Paula L Rosson officer: SVP/Chief Accounting Officer 1515 ARAPAHOE STREET, TOWER 1 SUITE 1600, DENVER CO 80202
John C Mollenkopf officer: EVP, Chief Operating Officer 1515 ARAPAHOE ST., TOWER 2, SUITE 700, DENVER CO 80202
William P Nicoletti director C/O STAR GAS PARTNERS, L.P., 2187 ATLANTIC STREET, STAMFORD CT 06902
Bruckmann William A Iii director 631 RANGER LANE, LONGBOAT KEY FL 342284119

MarkWest Energy Partners LP (MarkWest Energy Partners LP) Headlines

From GuruFocus

MarkWest Energy Partners L.P. (MWE) SVP, CFO Nancy Buese sells 12,000 Shares

By GuruFocus Research GuruFocus Editor 05-18-2010

MarkWest Energy Partners L.P. (MWE) SVP, CFO Nancy Buese sells 5,000 Shares

By GuruFocus Research GuruFocus Editor 02-03-2010

Two Funds Picked This Stock for Long-Term Investment, Should You?

By Vanina Egea Vanina Egea 04-12-2014

Dividends of MarkWest Energy Partners, Donegal, and Amgen

By Dynamic Dividend Dynamic Dividend 04-22-2011

Jim Simons' Picks in the Midstream Segment

By Vanin Aegea Vanin Aegea 10-28-2013

MarkWest Energy Partners L.P. (MWE) SVP, CFO Nancy Buese sells 5,000 Shares

By GuruFocus Research GuruFocus Editor 11-17-2009

MarkWest Energy Partners L.P. (MWE) SVP, CFO Nancy Buese sells 10,000 Shares

By GuruFocus Research GuruFocus Editor 03-09-2011

MarkWest Energy Partners L.P. (MWE) SVP, CFO Nancy Buese sells 5,000 Shares

By GuruFocus Research GuruFocus Editor 04-05-2010