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Embraer (BSP:EMBR3) Cyclically Adjusted FCF per Share : R$-1.53 (As of Mar. 2024)


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What is Embraer 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.

Embraer's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$-2.817. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$-1.53 for the trailing ten years ended in Mar. 2024.

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 Embraer was 15.90% per year. The lowest was -107.30% per year. And the median was -36.60% per year.

As of today (2024-05-29), Embraer's current stock price is R$37.17. Embraer's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$-1.53. Embraer's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Embraer was 2070.00. The lowest was 28.00. And the median was 144.64.


Embraer Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Embraer'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.

Embraer Cyclically Adjusted FCF per Share Chart

Embraer 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 0.30 -1.04 -0.98 -0.73 -

Embraer Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 -0.90 -0.73 -1.03 - -1.53

Competitive Comparison of Embraer's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, Embraer'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.


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

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

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



Embraer 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, Embraer'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)
=-2.817/159.3724*159.3724
=-2.817

Current CPI (Mar. 2024) = 159.3724.

Embraer Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.178 88.522 0.320
201403 -1.362 90.447 -2.400
201406 -0.069 91.838 -0.120
201409 -0.522 92.602 -0.898
201412 1.436 94.194 2.430
201503 -2.481 97.799 -4.043
201506 0.699 100.006 1.114
201509 -0.325 101.392 -0.511
201512 3.004 104.247 4.593
201603 -1.751 106.979 -2.609
201606 -2.810 108.851 -4.114
201609 0.205 109.986 0.297
201612 0.003 110.802 0.004
201703 -3.058 111.869 -4.357
201706 1.248 112.115 1.774
201709 -0.052 112.777 -0.073
201712 2.334 114.068 3.261
201803 0.863 114.868 1.197
201806 0.777 117.038 1.058
201809 0.781 117.881 1.056
201812 0.936 118.340 1.261
201903 -2.351 120.124 -3.119
201906 -0.588 120.977 -0.775
201909 0.391 121.292 0.514
201912 4.566 123.436 5.895
202003 -4.491 124.092 -5.768
202006 -3.764 123.557 -4.855
202009 -6.121 125.095 -7.798
202012 3.712 129.012 4.586
202103 -3.748 131.660 -4.537
202106 -0.129 133.871 -0.154
202109 1.176 137.913 1.359
202112 4.312 141.992 4.840
202203 -1.245 146.537 -1.354
202206 -0.133 149.784 -0.142
202209 1.871 147.800 2.018
202212 3.218 150.207 3.414
202303 -5.245 153.352 -5.451
202312 0.000 157.148 0.000
202403 -2.817 159.372 -2.817

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


Embraer  (BSP:EMBR3) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Embraer was 2070.00. The lowest was 28.00. And the median was 144.64.


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.


Embraer Cyclically Adjusted FCF per Share Related Terms

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


Embraer (BSP:EMBR3) Business Description

Industry
Traded in Other Exchanges
Address
Avenida Dra. Ruth Cardoso, 8501, 30th Floor, Pinheiros, SP, BRA, 05425-070
Embraer SA based in Sao Paulo, Brazil, Embraer manufactures regional aircraft, business jets, and defense and security products. The company also offers a range of services to support its installed base of hardware. Its defense and security business is currently focused on developing the KC-390 military transport aircraft. The company also produces aircraft systems and structural components. It operates through the following segments: Commercial Aviation; Defense and Security, Executive Aviation, Service and Support, and Other Segments. The company generates maximum revenue from Commercial Aviation segment.

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