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Helmerich & Payne (Helmerich & Payne) Cyclically Adjusted Price-to-FCF : 16.90 (As of Apr. 27, 2024)


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What is Helmerich & Payne Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Helmerich & Payne's current share price is $40.39. Helmerich & Payne's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.39. Helmerich & Payne's Cyclically Adjusted Price-to-FCF for today is 16.90.

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

HP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.4   Med: 34.74   Max: 980.88
Current: 16.9

During the past years, Helmerich & Payne's highest Cyclically Adjusted Price-to-FCF was 980.88. The lowest was 6.40. And the median was 34.74.

HP's Cyclically Adjusted Price-to-FCF is ranked worse than
55.61% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs HP: 16.90

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.

Helmerich & Payne's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.257. 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 $2.39 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Helmerich & Payne Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Helmerich & Payne'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.

Helmerich & Payne Cyclically Adjusted Price-to-FCF Chart

Helmerich & Payne Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.71 6.70 13.49 16.26 16.48

Helmerich & Payne 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 15.02 14.23 16.48 15.16 17.58

Competitive Comparison of Helmerich & Payne's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Drilling subindustry, Helmerich & Payne'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.


Helmerich & Payne's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Helmerich & Payne's Cyclically Adjusted Price-to-FCF falls into.



Helmerich & Payne 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.

Helmerich & Payne's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=40.39/2.39
=16.90

* 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.

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

For example, Helmerich & Payne'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)
=0.257/129.4194*129.4194
=0.257

Current CPI (Mar. 2024) = 129.4194.

Helmerich & Payne Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.068 100.560 -0.088
201409 0.015 100.428 0.019
201412 0.214 99.070 0.280
201503 0.251 99.621 0.326
201506 1.193 100.684 1.533
201509 1.079 100.392 1.391
201512 1.787 99.792 2.318
201603 1.091 100.470 1.405
201606 0.776 101.688 0.988
201609 0.939 101.861 1.193
201612 -0.072 101.863 -0.091
201703 -0.159 102.862 -0.200
201706 -0.322 103.349 -0.403
201709 0.310 104.136 0.385
201712 -0.111 104.011 -0.138
201803 0.262 105.290 0.322
201806 0.297 106.317 0.362
201809 0.388 106.507 0.471
201812 0.122 105.998 0.149
201903 0.600 107.251 0.724
201906 1.615 108.070 1.934
201909 1.300 108.329 1.553
201912 0.605 108.420 0.722
202003 0.668 108.902 0.794
202006 1.740 108.767 2.070
202009 0.677 109.815 0.798
202012 -0.312 109.897 -0.367
202103 0.572 111.754 0.662
202106 0.117 114.631 0.132
202109 0.126 115.734 0.141
202112 -0.480 117.630 -0.528
202203 -0.422 121.301 -0.450
202206 0.185 125.017 0.192
202209 0.351 125.227 0.363
202212 0.842 125.222 0.870
202303 0.531 127.348 0.540
202306 1.895 128.729 1.905
202309 1.012 129.860 1.009
202312 0.385 129.419 0.385
202403 0.257 129.419 0.257

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.


Helmerich & Payne  (NYSE:HP) 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.


Helmerich & Payne Cyclically Adjusted Price-to-FCF Related Terms

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


Helmerich & Payne (Helmerich & Payne) Business Description

Industry
Traded in Other Exchanges
Address
1437 South Boulder Avenue, Suite 1400, Tulsa, OK, USA, 74119
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small but growing presence internationally.
Executives
Adams Raymond John Iii officer: SVP Sales, Marketing & Digital 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Hans Helmerich director C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Elizabeth R Killinger director NRG ENERGY, INC., 211 CARNEGIE CENTER, PRINCETON NJ 08540
John W Lindsay director, officer: President and CEO 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
John R. Bell officer: SVP, Int'l & Offshore Ops, sub 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Mark W. Smith officer: Senior VP and CFO 15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Cara M. Hair officer: SVP, Corp. Services & CLO 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Sara Marie Momper officer: VP, CAO 1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Michael Lennox officer: SVP, US Land Ops, drilling sub 1437 S. BOULDER AVE., SUITE 140, TULSA OK 74119
Todd Willard Benson officer: President of H&P Technologies 1437 S. BOULDER AVENUE, SUITE 1400, TULSA OK 74119
Belgacem Chariag director TECHNO PARK, SHEIKH ZAYED ROAD, DUBAI C0 00000
Mary M Vandeweghe director 1601 W. DIEHL ROAD, NAPERVILLE IL 60563
Kevin G. Cramton director 502 SAINT DAVIDS AVENUE, WAYNE PA 19087
Delaney Murchison Bellinger director 524 E. 24TH STREET, HOUSTON TX 77008
Jose Ramon Mas director 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134