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Royal Caribbean Group (BSP:R1CL34) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Royal Caribbean Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Royal Caribbean Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Royal Caribbean 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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Royal Caribbean Group Cyclically Adjusted Price-to-FCF Chart

Royal Caribbean Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Royal Caribbean 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 Royal Caribbean Group's Cyclically Adjusted Price-to-FCF

For the Travel Services subindustry, Royal Caribbean 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.


Royal Caribbean Group's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

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

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



Royal Caribbean 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.

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

For example, Royal Caribbean 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)
=9.623/131.7762*131.7762
=9.623

Current CPI (Mar. 2024) = 131.7762.

Royal Caribbean Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.004 100.560 2.626
201409 1.891 100.428 2.481
201412 -5.758 99.070 -7.659
201503 0.866 99.621 1.146
201506 -1.641 100.684 -2.148
201509 3.164 100.392 4.153
201512 0.757 99.792 1.000
201603 1.935 100.470 2.538
201606 -7.954 101.688 -10.307
201609 3.495 101.861 4.521
201612 2.608 101.863 3.374
201703 4.882 102.862 6.254
201706 5.445 103.349 6.943
201709 4.931 104.136 6.240
201712 1.863 104.011 2.360
201803 -6.111 105.290 -7.648
201806 4.568 106.317 5.662
201809 5.080 106.507 6.285
201812 -3.866 105.998 -4.806
201903 5.566 107.251 6.839
201906 -2.560 108.070 -3.122
201909 4.272 108.329 5.197
201912 -0.719 108.420 -0.874
202003 -12.313 108.902 -14.899
202006 -29.572 108.767 -35.828
202009 -13.096 109.815 -15.715
202012 -13.938 109.897 -16.713
202103 -21.692 111.754 -25.578
202106 -6.764 114.631 -7.776
202109 -7.993 115.734 -9.101
202112 -8.640 117.630 -9.679
202203 -18.474 121.301 -20.069
202206 -4.712 125.017 -4.967
202209 -2.772 125.227 -2.917
202212 4.204 125.222 4.424
202303 10.805 127.348 11.181
202306 5.121 128.729 5.242
202309 3.324 129.860 3.373
202312 -12.687 129.419 -12.918
202403 9.623 131.776 9.623

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.


Royal Caribbean Group  (BSP:R1CL34) 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.


Royal Caribbean Group Cyclically Adjusted Price-to-FCF Related Terms

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Royal Caribbean Group (BSP:R1CL34) Business Description

Traded in Other Exchanges
Address
1050 Caribbean Way, Miami, FL, USA, 33132
Royal Caribbean is the world's second-largest cruise company, operating 64 ships across five global and partner brands in the cruise vacation industry, with 10 more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.

Royal Caribbean Group (BSP:R1CL34) Headlines

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