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NGL Energy Partners LP (NGL Energy Partners LP) Cyclically Adjusted Price-to-FCF : 8.20 (As of May. 21, 2024)


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

As of today (2024-05-21), NGL Energy Partners LP's current share price is $5.66. NGL Energy Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.69. NGL Energy Partners LP's Cyclically Adjusted Price-to-FCF for today is 8.20.

The historical rank and industry rank for NGL Energy Partners LP's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

NGL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.24   Med: 3.18   Max: 8.77
Current: 8.23

During the past years, NGL Energy Partners LP's highest Cyclically Adjusted Price-to-FCF was 8.77. The lowest was 1.24. And the median was 3.18.

NGL's Cyclically Adjusted Price-to-FCF is ranked better than
70.89% of 395 companies
in the Oil & Gas industry
Industry Median: 14 vs NGL: 8.23

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.

NGL Energy Partners LP's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.403. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for NGL 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.

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

NGL Energy Partners LP Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 3.52 3.11 3.99

NGL Energy Partners LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.32 3.99 5.73 4.42 8.05

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

For the Oil & Gas Midstream subindustry, NGL 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.


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

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

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



NGL 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.

NGL Energy Partners LP's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.66/0.69
=8.20

* 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.

NGL Energy Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, NGL Energy Partners LP's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.403/129.4194*129.4194
=0.403

Current CPI (Dec. 2023) = 129.4194.

NGL Energy Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.279 99.695 0.362
201406 0.124 100.560 0.160
201409 -0.802 100.428 -1.034
201412 1.620 99.070 2.116
201503 1.914 99.621 2.487
201506 0.788 100.684 1.013
201509 0.877 100.392 1.131
201512 1.121 99.792 1.454
201603 0.556 100.470 0.716
201606 -1.640 101.688 -2.087
201609 -0.431 101.861 -0.548
201612 -1.145 101.863 -1.455
201703 0.086 102.862 0.108
201706 -0.221 103.349 -0.277
201709 -0.068 104.136 -0.085
201712 -0.347 104.011 -0.432
201803 0.678 105.290 0.833
201806 -0.937 106.317 -1.141
201809 -1.369 106.507 -1.664
201812 0.739 105.998 0.902
201903 0.563 107.251 0.679
201906 -0.679 108.070 -0.813
201909 -1.402 108.329 -1.675
201912 1.313 108.420 1.567
202003 0.016 108.902 0.019
202006 -0.135 108.767 -0.161
202009 0.223 109.815 0.263
202012 0.175 109.897 0.206
202103 0.643 111.754 0.745
202106 -0.401 114.631 -0.453
202109 -0.260 115.734 -0.291
202112 0.039 117.630 0.043
202203 1.105 121.301 1.179
202206 -0.295 125.017 -0.305
202209 -0.667 125.227 -0.689
202212 1.563 125.222 1.615
202303 1.618 127.348 1.644
202306 0.146 128.729 0.147
202309 0.238 129.860 0.237
202312 0.403 129.419 0.403

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.


NGL Energy Partners LP  (NYSE:NGL) 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.


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

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


NGL Energy Partners LP (NGL Energy Partners LP) Business Description

Industry
Traded in Other Exchanges
Address
6120 South Yale Avenue, Suite 805, Tulsa, OK, USA, 74136
NGL Energy Partners LP is a us-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil storage terminals, and owns pipeline injection stations and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners and petrochemical plants and sells propane and distillates.
Executives
Bradley P Cooper officer: CFO & EVP 6120 S YALE AVE SUITE 805, TULSA OK 74136
H Michael Krimbill director, officer: CEO 8801 S YALE STE 310, TULSA OK 74137
Derek S Reiners director 100 W. 5TH ST., TULSA OK 74103
James M Collingsworth director 1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002
John Ciolek officer: Exec. Vice President 6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Kurston Patrick Mcmurray officer: GC, SVP and Secretary 6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Linda J Bridges officer: CFO & EVP 6120 S. YALE AVE., SUITE 805, TULSA OK 74136
Eig Neptune Equity Aggregator, L.p. 10 percent owner 600 NEW HAMPSHIRE AVE NW, SUITE 1200, WASHINGTON DC 20037
Karlovich Robert W Iii officer: CFO, Exec. VP and Treasurer ATLAS PIPELINE PARTNERS, GP, 110 W. 7TH, SUITE 2300, TULSA OK 74119
Brian P. Boland director 1700 PENNSYLVANIA AVE NW, SUITE 800, WASHINGTON DC 20006
John T Raymond 10 percent owner THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002
Highstar Capital Ngl Co-invest Manager Llc 10 percent owner 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019
Highstar Ngl Main Interco Llc 10 percent owner 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019
Highstar Capital Gp Iv Holdings 10 percent owner 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019
Ngl Civ A, Llc 10 percent owner 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019