GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nabors Industries Ltd (NYSE:NBR) » Definitions » Cyclically Adjusted FCF per Share

Nabors Industries (Nabors Industries) Cyclically Adjusted FCF per Share : $0.29 (As of Dec. 2023)


View and export this data going back to 1991. Start your Free Trial

What is Nabors Industries Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Nabors Industries's adjusted free cash flow per share for the three months ended in Dec. 2023 was $5.231. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.29 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Nabors Industries's average Cyclically Adjusted FCF Growth Rate was -93.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Nabors Industries was 72.90% per year. The lowest was -243.20% per year. And the median was 0.30% per year.

As of today (2024-04-28), Nabors Industries's current stock price is $77.20. Nabors Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.29. Nabors Industries's Cyclically Adjusted Price-to-FCF of today is 266.21.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nabors Industries was 308.97. The lowest was 9.83. And the median was 31.12.


Nabors Industries Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Nabors Industries's Cyclically Adjusted FCF per Share 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.

Nabors Industries Cyclically Adjusted FCF per Share Chart

Nabors Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.98 -10.51 3.75 4.40 0.29

Nabors Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 4.40 6.07 1.53 0.79 0.29

Competitive Comparison of Nabors Industries's Cyclically Adjusted FCF per Share

For the Oil & Gas Drilling subindustry, Nabors Industries'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.


Nabors Industries's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Nabors Industries Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Nabors Industries'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)
=5.231/129.4194*129.4194
=5.231

Current CPI (Dec. 2023) = 129.4194.

Nabors Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 8.042 99.695 10.440
201406 -10.754 100.560 -13.840
201409 -14.108 100.428 -18.181
201412 10.611 99.070 13.862
201503 -9.971 99.621 -12.953
201506 1.362 100.684 1.751
201509 -15.799 100.392 -20.367
201512 23.247 99.792 30.149
201603 5.733 100.470 7.385
201606 20.215 101.688 25.728
201609 -4.268 101.861 -5.423
201612 3.004 101.863 3.817
201703 -43.452 102.862 -54.671
201706 -15.038 103.349 -18.831
201709 -28.585 104.136 -35.525
201712 -4.665 104.011 -5.805
201803 -28.450 105.290 -34.970
201806 6.638 106.317 8.080
201809 -18.552 106.507 -22.543
201812 18.399 105.998 22.464
201903 -10.152 107.251 -12.250
201906 9.931 108.070 11.893
201909 9.321 108.329 11.136
201912 27.352 108.420 32.650
202003 -0.038 108.902 -0.045
202006 13.510 108.767 16.075
202009 -0.032 109.815 -0.038
202012 8.413 109.897 9.908
202103 5.440 111.754 6.300
202106 7.611 114.631 8.593
202109 6.015 115.734 6.726
202112 6.510 117.630 7.162
202203 -5.162 121.301 -5.507
202206 4.863 125.017 5.034
202209 3.051 125.227 3.153
202212 10.835 125.222 11.198
202303 3.579 127.348 3.637
202306 2.579 128.729 2.593
202309 -1.070 129.860 -1.066
202312 5.231 129.419 5.231

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Nabors Industries  (NYSE:NBR) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Nabors Industries's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=77.20/0.29
=266.21

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nabors Industries was 308.97. The lowest was 9.83. And the median was 31.12.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Nabors Industries Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Nabors Industries's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Nabors Industries (Nabors Industries) Business Description

Industry
Traded in Other Exchanges
Address
4 Par-la-Ville Road, Crown House, Second Floor, Hamilton, BMU, HM 08
Nabors Industries Ltd owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 300 actively marketed rigs for land-based drilling operations and 29 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.
Executives
John P Kotts director C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
Anthony G Petrello director, officer: PRESIDENT AND COO NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200`, HOUSTON TX 77067
William J Restrepo officer: Chief Financial Officer P.O. BOX 60068, HOUSTON TX 77205-0068
Tanya S Beder director 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Anthony R Chase director 10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121
John Yearwood director HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Howard Wolf director
Dag Skattum director C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
James R Crane director JAMES R CRANE, 3214 LODESTAR, HOUSTON TX 77032
Myron M Sheinfeld director NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200, HOUSTON TX 77067
Michael C Linn director 650 WASHINGTON ROAD, 8TH FLOOR, PITTSBURGH PA 15228
Mark D Andrews officer: SECRETARY C/O NABORS CORPORATE SERVICES INC, 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
Hans Schmidt director NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200, HOUSTON TX 77067
John V Lombardi director C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
Robert Clark Wood other: Principal Fin & Acctg Officer C/O NABORS CORPORATE SERVICES INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067