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Boeing Co (BSP:BOEI34) Cyclically Adjusted FCF per Share : R$18.84 (As of Mar. 2024)


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What is Boeing Co 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.

Boeing Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$-31.923. 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 R$18.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Boeing Co's average Cyclically Adjusted FCF Growth Rate was -16.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -7.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -17.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -3.00% 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 Boeing Co was 23.30% per year. The lowest was -22.70% per year. And the median was 8.40% per year.

As of today (2024-06-07), Boeing Co's current stock price is R$992.70. Boeing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$18.84. Boeing Co's Cyclically Adjusted Price-to-FCF of today is 52.69.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Boeing Co was 65.09. The lowest was 10.23. And the median was 32.19.


Boeing Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Boeing Co'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.

Boeing Co Cyclically Adjusted FCF per Share Chart

Boeing Co 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 38.36 29.59 27.45 23.64 21.49

Boeing Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 22.88 21.62 20.87 21.49 18.84

Competitive Comparison of Boeing Co's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, Boeing Co'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.


Boeing Co's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Boeing Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Boeing Co 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, Boeing Co'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)
=-31.923/131.7762*131.7762
=-31.923

Current CPI (Mar. 2024) = 131.7762.

Boeing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 4.116 100.560 5.394
201409 1.014 100.428 1.331
201412 15.805 99.070 21.023
201503 -2.141 99.621 -2.832
201506 11.616 100.684 15.203
201509 13.041 100.392 17.118
201512 14.232 99.792 18.793
201603 2.931 100.470 3.844
201606 13.574 101.688 17.590
201609 13.405 101.861 17.342
201612 11.919 101.863 15.419
201703 8.227 102.862 10.540
201706 23.699 103.349 30.218
201709 15.502 104.136 19.617
201712 13.464 104.011 17.058
201803 14.963 105.290 18.727
201806 27.372 106.317 33.927
201809 29.048 106.507 35.940
201812 16.404 105.998 20.393
201903 15.361 107.251 18.874
201906 -7.040 108.070 -8.584
201909 -20.931 108.329 -25.461
201912 -20.159 108.420 -24.502
202003 -40.877 108.902 -49.463
202006 -51.554 108.767 -62.460
202009 -48.467 109.815 -58.160
202012 -38.108 109.897 -45.695
202103 -35.429 111.754 -41.776
202106 -6.011 114.631 -6.910
202109 -4.547 115.734 -5.177
202112 4.737 117.630 5.307
202203 -29.998 121.301 -32.589
202206 -1.541 125.017 -1.624
202209 25.554 125.227 26.891
202212 27.482 125.222 28.920
202303 -6.798 127.348 -7.034
202306 20.684 128.729 21.174
202309 -2.521 129.860 -2.558
202312 23.766 129.419 24.199
202403 -31.923 131.776 -31.923

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


Boeing Co  (BSP:BOEI34) 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.

Boeing Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=992.70/18.84
=52.69

* 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 Boeing Co was 65.09. The lowest was 10.23. And the median was 32.19.


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.


Boeing Co Cyclically Adjusted FCF per Share Related Terms

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


Boeing Co (BSP:BOEI34) Business Description

Industry
Address
929 Long Bridge Drive, Arlington, VA, USA, 22202
Boeing is a major aerospace and defense firm. It operates in four segments: commercial airplanes; defense, space, and security; Global services; and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upward. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.

Boeing Co (BSP:BOEI34) Headlines

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