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Air Industries Group (Air Industries Group) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is Air Industries Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Industries Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Air Industries Group'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.

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Air Industries Group Cyclically Adjusted Price-to-FCF Chart

Air Industries Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Air Industries Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Air Industries Group's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Air Industries Group'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.


Air Industries Group's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

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

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



Air Industries Group 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.

Air Industries Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Air Industries Group'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)
=-0.104/131.7762*131.7762
=-0.104

Current CPI (Mar. 2024) = 131.7762.

Air Industries Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.674 100.560 3.504
201409 -3.406 100.428 -4.469
201412 -0.497 99.070 -0.661
201503 0.926 99.621 1.225
201506 -2.171 100.684 -2.841
201509 -2.518 100.392 -3.305
201512 -0.308 99.792 -0.407
201603 0.439 100.470 0.576
201606 -2.431 101.688 -3.150
201609 -2.099 101.861 -2.715
201612 -0.236 101.863 -0.305
201703 0.740 102.862 0.948
201706 -6.200 103.349 -7.905
201709 -3.646 104.136 -4.614
201712 2.075 104.011 2.629
201803 -0.800 105.290 -1.001
201806 -0.697 106.317 -0.864
201809 0.003 106.507 0.004
201812 -0.079 105.998 -0.098
201903 -0.615 107.251 -0.756
201906 0.065 108.070 0.079
201909 0.412 108.329 0.501
201912 -0.524 108.420 -0.637
202003 -0.107 108.902 -0.129
202006 -0.314 108.767 -0.380
202009 -1.079 109.815 -1.295
202012 -0.209 109.897 -0.251
202103 0.092 111.754 0.108
202106 -0.291 114.631 -0.335
202109 0.731 115.734 0.832
202112 0.364 117.630 0.408
202203 0.266 121.301 0.289
202206 -0.580 125.017 -0.611
202209 -0.322 125.227 -0.339
202212 0.043 125.222 0.045
202303 0.143 127.348 0.148
202306 -0.135 128.729 -0.138
202309 1.583 129.860 1.606
202312 -0.752 129.419 -0.766
202403 -0.104 131.776 -0.104

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.


Air Industries Group  (AMEX:AIRI) 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.


Air Industries Group Cyclically Adjusted Price-to-FCF Related Terms

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Air Industries Group (Air Industries Group) Business Description

Traded in Other Exchanges
Address
1460 Fifth Avenue, Bay Shore, New York, NY, USA, 11706
Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services. It reports into two segments namely Complex Machining, and Turbine Engine Components.
Executives
Scott Glassman officer: CHIEF FINANCIAL OFFICER 1479 NORTH CLINTON AVENUE, BAY SHORE NY 11706
Luciano M Melluzzo officer: President 93 FOXON PLACE, NEW BRITAIN CT 06053
Michael N Taglich director TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791
Michael Porcelain director 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Peter Rettaliata director C/O AIR INDUSTRIES, 1479 CLINTON AVENUE, BAY SHORE NY 11706
Robert Taglich director, 10 percent owner 700 NEW YORK AVENUE, HUNTINGTON NY 11743
Michael Brand director 4196 MAJESTIC CIRCLE, MEDINA OH 44256
David S. Richmond 10 percent owner, other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Iii, Llc other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Matthew J. Curfman 10 percent owner, other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Pi Manager, Llc other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers 401(k) Profit Sharing Plan other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Ii, Llc other: See Footnote 1 3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers, Inc. 10 percent owner, other: See Footnotes 1 and 2 7415 FOXWORTH COURT, JACKSON MI 49201
Michael E Recca officer: Chief Financial Officer

Air Industries Group (Air Industries Group) Headlines