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Corporate Travel Management (ASX:CTD) Cyclically Adjusted Price-to-FCF : 30.89 (As of May. 22, 2024)


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What is Corporate Travel Management Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Corporate Travel Management's current share price is A$14.52. Corporate Travel Management's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was A$0.47. Corporate Travel Management's Cyclically Adjusted Price-to-FCF for today is 30.89.

The historical rank and industry rank for Corporate Travel Management's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ASX:CTD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.2   Med: 43.43   Max: 75
Current: 31.17

During the past 13 years, Corporate Travel Management's highest Cyclically Adjusted Price-to-FCF was 75.00. The lowest was 20.20. And the median was 43.43.

ASX:CTD's Cyclically Adjusted Price-to-FCF is ranked worse than
62.96% of 351 companies
in the Travel & Leisure industry
Industry Median: 21.74 vs ASX:CTD: 31.17

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.

Corporate Travel Management's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was A$0.518. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is A$0.47 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Corporate Travel Management Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Corporate Travel Management'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.

* Premium members only.

Corporate Travel Management Cyclically Adjusted Price-to-FCF Chart

Corporate Travel Management Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 22.59 60.90 44.44 37.77

Corporate Travel Management Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted Price-to-FCF 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 - 44.44 - 37.77 -

Competitive Comparison of Corporate Travel Management's Cyclically Adjusted Price-to-FCF

For the Travel Services subindustry, Corporate Travel Management'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.


Corporate Travel Management's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Corporate Travel Management's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Corporate Travel Management 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.

Corporate Travel Management's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.52/0.47
=30.89

* 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.

Corporate Travel Management's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Corporate Travel Management's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.518/124.1700*124.1700
=0.518

Current CPI (Jun23) = 124.1700.

Corporate Travel Management Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.111 98.352 0.140
201506 0.219 99.838 0.272
201606 0.609 100.859 0.750
201706 0.517 102.809 0.624
201806 0.729 104.945 0.863
201906 0.952 106.617 1.109
202006 0.509 106.246 0.595
202106 -0.588 110.332 -0.662
202206 0.497 117.112 0.527
202306 0.518 124.170 0.518

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.


Corporate Travel Management  (ASX:CTD) 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.


Corporate Travel Management Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Corporate Travel Management's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Corporate Travel Management (ASX:CTD) Business Description

Traded in Other Exchanges
Address
307 Queen Street, Level 24, Brisbane, QLD, AUS, 4000
Corporate Travel Management provides travel services for business and government clients across the Americas, Australia and New Zealand, Europe, and Asia. The company has built scale and breadth through both organic growth and acquisitions. As of 2022, Corporate Travel is the world's fourth-largest corporate travel management company based with pro forma, pre-COVID-19 total transaction volumes of AUD 11 billion, but it remains a relative minnow in the highly fragmented USD 1.5 trillion global market. The group offers expertise and personalized service to corporate clients spanning various industries such as government, healthcare, mining, energy, infrastructure, and construction. Before the pandemic, more than 60% of the group's client travel was domestic (within country) in nature.

Corporate Travel Management (ASX:CTD) Headlines

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