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Deutsche Lufthansa AG (BSE:LHA) Cyclically Adjusted Price-to-FCF : 53.78 (As of May. 28, 2024)


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What is Deutsche Lufthansa AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Deutsche Lufthansa AG's current share price is lei32.27. Deutsche Lufthansa AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was lei0.60. Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF for today is 53.78.

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

BSE:LHA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.1   Med: 24.35   Max: 188.6
Current: 52.02

During the past years, Deutsche Lufthansa AG's highest Cyclically Adjusted Price-to-FCF was 188.60. The lowest was 6.10. And the median was 24.35.

BSE:LHA's Cyclically Adjusted Price-to-FCF is ranked worse than
81.67% of 420 companies
in the Transportation industry
Industry Median: 18.045 vs BSE:LHA: 52.02

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.

Deutsche Lufthansa AG's adjusted free cash flow per share data for the three months ended in Mar. 2024 was lei1.321. 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 lei0.60 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Lufthansa AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Deutsche Lufthansa AG'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.

Deutsche Lufthansa AG Cyclically Adjusted Price-to-FCF Chart

Deutsche Lufthansa AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.50 54.84 158.21 44.02 82.64

Deutsche Lufthansa AG 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 60.17 115.40 81.95 82.64 59.45

Competitive Comparison of Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, Deutsche Lufthansa AG'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.


Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF falls into.



Deutsche Lufthansa AG 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.

Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=32.27/0.6
=53.78

* 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.

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

For example, Deutsche Lufthansa AG'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)
=1.321/125.0381*125.0381
=1.321

Current CPI (Mar. 2024) = 125.0381.

Deutsche Lufthansa AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.812 99.543 2.276
201409 -3.668 99.823 -4.595
201412 -5.397 99.543 -6.779
201503 3.893 99.717 4.882
201506 3.048 100.417 3.795
201509 1.041 100.417 1.296
201512 -3.487 99.717 -4.372
201603 3.589 100.017 4.487
201606 3.897 100.717 4.838
201609 2.460 101.017 3.045
201612 -3.332 101.217 -4.116
201703 5.890 101.417 7.262
201706 7.220 102.117 8.841
201709 5.188 102.717 6.315
201712 -4.116 102.617 -5.015
201803 6.576 102.917 7.989
201806 1.105 104.017 1.328
201809 1.183 104.718 1.413
201812 -8.173 104.217 -9.806
201903 1.933 104.217 2.319
201906 0.352 105.718 0.416
201909 3.686 106.018 4.347
201912 -3.556 105.818 -4.202
202003 4.556 105.718 5.389
202006 -8.634 106.618 -10.126
202009 -13.962 105.818 -16.498
202012 -9.053 105.518 -10.728
202103 -8.398 107.518 -9.766
202106 3.352 108.486 3.863
202109 0.672 109.435 0.768
202112 -2.058 110.384 -2.331
202203 3.438 113.968 3.772
202206 8.932 115.760 9.648
202209 1.674 118.818 1.762
202212 -3.173 119.345 -3.324
202303 2.048 122.402 2.092
202306 2.383 123.140 2.420
202309 1.862 124.195 1.875
202312 -2.932 123.773 -2.962
202403 1.321 125.038 1.321

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.


Deutsche Lufthansa AG  (BSE:LHA) 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.


Deutsche Lufthansa AG Cyclically Adjusted Price-to-FCF Related Terms

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Deutsche Lufthansa AG (BSE:LHA) Business Description

Industry
Address
Lufthansa Aviation Center, Airportring, Frankfurt, HE, DEU, 60546
Deutsche Lufthansa AG is a European airline group. The company's segment includes Passenger Airlines; Logistics; MRO and Catering. It generates maximum revenue from the Passenger Airlines segment. The Passenger Airlines segment comprises Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings, including the equity interest in SunExpress. Geographically, it derives a majority of its revenue from Europe.

Deutsche Lufthansa AG (BSE:LHA) Headlines

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