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Airbus SE (XPAR:AIR) Cyclically Adjusted FCF per Share : €1.02 (As of Mar. 2024)


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What is Airbus SE 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.

Airbus SE's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-2.404. 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 €1.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Airbus SE's average Cyclically Adjusted FCF Growth Rate was 41.70% 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 Airbus SE was -32.60% per year. The lowest was -32.60% per year. And the median was -32.60% per year.

As of today (2024-05-16), Airbus SE's current stock price is €160.00. Airbus SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.02. Airbus SE's Cyclically Adjusted Price-to-FCF of today is 156.86.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Airbus SE was 777.20. The lowest was 52.71. And the median was 174.08.


Airbus SE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Airbus SE'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.

Airbus SE Cyclically Adjusted FCF per Share Chart

Airbus SE 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 1.21 -0.08 -0.04 0.37 0.92

Airbus SE 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 0.72 1.15 1.21 0.92 1.02

Competitive Comparison of Airbus SE's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, Airbus SE'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.


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

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

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



Airbus SE 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, Airbus SE'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)
=-2.404/128.5800*128.5800
=-2.404

Current CPI (Mar. 2024) = 128.5800.

Airbus SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.958 99.240 -1.241
201409 -0.030 99.960 -0.039
201412 3.659 99.050 4.750
201503 -1.544 99.750 -1.990
201506 -0.601 100.230 -0.771
201509 -0.637 100.500 -0.815
201512 2.712 99.730 3.497
201603 -3.645 100.310 -4.672
201606 0.257 100.260 0.330
201609 -1.646 100.570 -2.104
201612 6.853 100.710 8.749
201703 -2.362 101.440 -2.994
201706 -1.474 101.370 -1.870
201709 -1.686 102.030 -2.125
201712 7.898 101.970 9.959
201803 -5.106 102.470 -6.407
201806 -0.536 103.100 -0.668
201809 -1.668 103.950 -2.063
201812 7.334 103.970 9.070
201903 -5.764 105.370 -7.034
201906 0.233 105.840 0.283
201909 -1.282 106.700 -1.545
201912 8.655 106.800 10.420
202003 -10.312 106.850 -12.409
202006 -5.857 107.510 -7.005
202009 0.727 107.880 0.866
202012 6.247 107.850 7.448
202103 1.307 108.870 1.544
202106 1.127 109.670 1.321
202109 0.303 110.790 0.352
202112 0.714 114.010 0.805
202203 0.192 119.460 0.207
202206 1.331 119.050 1.438
202209 1.101 126.890 1.116
202212 2.240 124.940 2.305
202303 -1.237 124.720 -1.275
202306 2.771 125.830 2.832
202309 -1.055 127.160 -1.067
202312 3.572 126.450 3.632
202403 -2.404 128.580 -2.404

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


Airbus SE  (XPAR:AIR) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=160.00/1.02
=156.86

* 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 Airbus SE was 777.20. The lowest was 52.71. And the median was 174.08.


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.


Airbus SE Cyclically Adjusted FCF per Share Related Terms

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


Airbus SE (XPAR:AIR) Business Description

Industry
Address
P.O. Box 32008, Leiden, ZH, NLD, 2303 DA
Airbus is a major aerospace and defense firm. It designs, develops, and manufactures commercial and military aircraft, as well as space launch vehicles and satellites. The company operates three divisions: commercial, defense and space, and helicopters. Commercial offers aircraft ranging from narrow-body (120-200 seats) A220 and A320 series to much larger A330 and A350 wide body models. The defense and space segment supplies governments with military hardware, including transport aircraft, aerial tankers, and fighter aircraft (Eurofighter). The helicopter division manufactures turbine helicopters for the civil and public markets.