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PrairieSky Royalty (TSX:PSK) Cyclically Adjusted Price-to-FCF : 52.98 (As of Jun. 08, 2024)


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What is PrairieSky Royalty Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), PrairieSky Royalty's current share price is C$25.96. PrairieSky Royalty's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.49. PrairieSky Royalty's Cyclically Adjusted Price-to-FCF for today is 52.98.

The historical rank and industry rank for PrairieSky Royalty's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:PSK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 52.39   Med: 54.18   Max: 56.84
Current: 53.74

During the past years, PrairieSky Royalty's highest Cyclically Adjusted Price-to-FCF was 56.84. The lowest was 52.39. And the median was 54.18.

TSX:PSK's Cyclically Adjusted Price-to-FCF is ranked worse than
87.69% of 398 companies
in the Oil & Gas industry
Industry Median: 13.655 vs TSX:PSK: 53.74

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.

PrairieSky Royalty's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$0.297. 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 C$0.49 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PrairieSky Royalty Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PrairieSky Royalty'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.

PrairieSky Royalty Cyclically Adjusted Price-to-FCF Chart

PrairieSky Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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PrairieSky Royalty 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 - - - - 54.58

Competitive Comparison of PrairieSky Royalty's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, PrairieSky Royalty'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.


PrairieSky Royalty's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



PrairieSky Royalty 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.

PrairieSky Royalty's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=25.96/0.49
=52.98

* 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.

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

For example, PrairieSky Royalty'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)
=0.297/126.2576*126.2576
=0.297

Current CPI (Mar. 2024) = 126.2576.

PrairieSky Royalty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 99.473 0.000
201409 0.546 99.394 0.694
201412 0.000 98.367 0.000
201503 0.240 99.789 0.304
201506 -0.057 100.500 -0.072
201509 0.331 100.421 0.416
201512 0.197 99.947 0.249
201603 0.179 101.054 0.224
201606 0.042 102.002 0.052
201609 0.278 101.765 0.345
201612 -0.025 101.449 -0.031
201703 -0.764 102.634 -0.940
201706 0.256 103.029 0.314
201709 0.249 103.345 0.304
201712 -0.004 103.345 -0.005
201803 0.113 105.004 0.136
201806 0.221 105.557 0.264
201809 0.203 105.636 0.243
201812 0.214 105.399 0.256
201903 0.173 106.979 0.204
201906 0.254 107.690 0.298
201909 0.218 107.611 0.256
201912 0.208 107.769 0.244
202003 0.238 107.927 0.278
202006 0.072 108.401 0.084
202009 0.147 108.164 0.172
202012 0.164 108.559 0.191
202103 -0.004 110.298 -0.005
202106 0.233 111.720 0.263
202109 -0.554 112.905 -0.620
202112 -2.929 113.774 -3.250
202203 0.338 117.646 0.363
202206 0.601 120.806 0.628
202209 0.735 120.648 0.769
202212 0.563 120.964 0.588
202303 0.049 122.702 0.050
202306 0.337 124.203 0.343
202309 0.264 125.230 0.266
202312 0.442 125.072 0.446
202403 0.297 126.258 0.297

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.


PrairieSky Royalty  (TSX:PSK) 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.


PrairieSky Royalty Cyclically Adjusted Price-to-FCF Related Terms

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


PrairieSky Royalty (TSX:PSK) Business Description

Industry
Traded in Other Exchanges
Address
350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9
PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.
Executives
Leanne M. Bellegarde Director

PrairieSky Royalty (TSX:PSK) Headlines

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