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Ducommun (STU:DUM) Cyclically Adjusted FCF per Share : €1.47 (As of Mar. 2024)


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What is Ducommun 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.

Ducommun's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.408. 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 €1.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ducommun's average Cyclically Adjusted FCF Growth Rate was -6.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.30% 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 Ducommun was 33.40% per year. The lowest was -16.70% per year. And the median was 1.70% per year.

As of today (2024-06-08), Ducommun's current stock price is €54.00. Ducommun's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.47. Ducommun's Cyclically Adjusted Price-to-FCF of today is 36.73.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ducommun was 36.09. The lowest was 6.73. And the median was 17.10.


Ducommun Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ducommun'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.

Ducommun Cyclically Adjusted FCF per Share Chart

Ducommun 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 1.74 1.44 1.71 1.66 1.35

Ducommun 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 1.58 1.55 1.57 1.35 1.47

Competitive Comparison of Ducommun's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, Ducommun'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.


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

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

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



Ducommun 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, Ducommun'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)
=-0.408/131.7762*131.7762
=-0.408

Current CPI (Mar. 2024) = 131.7762.

Ducommun Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.433 100.560 1.878
201409 0.138 100.428 0.181
201412 1.777 99.070 2.364
201503 -0.176 99.621 -0.233
201506 0.937 100.684 1.226
201509 -0.763 100.392 -1.002
201512 0.622 99.792 0.821
201603 0.132 100.470 0.173
201606 0.222 101.688 0.288
201609 0.820 101.861 1.061
201612 0.948 101.863 1.226
201703 0.524 102.862 0.671
201706 -0.498 103.349 -0.635
201709 0.201 104.136 0.254
201712 0.370 104.011 0.469
201803 0.488 105.290 0.611
201806 0.863 106.317 1.070
201809 0.139 106.507 0.172
201812 0.601 105.998 0.747
201903 -0.370 107.251 -0.455
201906 0.406 108.070 0.495
201909 0.376 108.329 0.457
201912 2.085 108.420 2.534
202003 -1.214 108.902 -1.469
202006 0.564 108.767 0.683
202009 0.119 109.815 0.143
202012 0.464 109.897 0.556
202103 -1.913 111.754 -2.256
202106 0.184 114.631 0.212
202109 0.147 115.734 0.167
202112 0.407 117.630 0.456
202203 -1.744 121.301 -1.895
202206 1.590 125.017 1.676
202209 -0.882 125.227 -0.928
202212 2.030 125.222 2.136
202303 -1.809 127.348 -1.872
202306 0.246 128.729 0.252
202309 0.582 129.860 0.591
202312 1.415 129.419 1.441
202403 -0.408 131.776 -0.408

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


Ducommun  (STU:DUM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=54.00/1.47
=36.73

* 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 Ducommun was 36.09. The lowest was 6.73. And the median was 17.10.


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.


Ducommun Cyclically Adjusted FCF per Share Related Terms

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


Ducommun (STU:DUM) Business Description

Industry
Traded in Other Exchanges
Address
200 Sandpointe Avenue, Suite 700, Santa Ana, CA, USA, 92707-5759
Ducommun Inc provides engineering & manufacturing services for high-performance products & high-cost-of failure applications used primarily in the aerospace and defense, industrial, medical & other industries. The company's reportable segments are Structural Systems & Electronic Systems. Structural Systems designs, engineers, and manufactures large, complex contoured aerostructure components & assemblies and supplies composite and metal bonded structures and assemblies. Electronic Systems designs, engineers, and manufactures high-reliability electronic & electromechanical products used in worldwide technology-driven markets including aerospace and defense, industrial, medical, & other end-use markets. It generates most of its revenue from the Electronic Systems.

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