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Royal Caribbean Group (FRA:RC8) 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.

* Premium members only.

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)
=3.556/131.7762*131.7762
=3.556

Current CPI (Mar. 2024) = 131.7762.

Royal Caribbean Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.319 100.560 1.728
201409 1.255 100.428 1.647
201412 -3.535 99.070 -4.702
201503 0.510 99.621 0.675
201506 -0.940 100.684 -1.230
201509 1.445 100.392 1.897
201512 0.358 99.792 0.473
201603 0.940 100.470 1.233
201606 -4.136 101.688 -5.360
201609 1.914 101.861 2.476
201612 1.474 101.863 1.907
201703 2.919 102.862 3.740
201706 2.941 103.349 3.750
201709 2.642 104.136 3.343
201712 0.955 104.011 1.210
201803 -3.023 105.290 -3.783
201806 2.074 106.317 2.571
201809 2.119 106.507 2.622
201812 -1.750 105.998 -2.176
201903 2.565 107.251 3.152
201906 -1.175 108.070 -1.433
201909 1.883 108.329 2.291
201912 -0.315 108.420 -0.383
202003 -4.561 108.902 -5.519
202006 -10.123 108.767 -12.264
202009 -4.118 109.815 -4.942
202012 -4.454 109.897 -5.341
202103 -6.467 111.754 -7.626
202106 -2.233 114.631 -2.567
202109 -2.574 115.734 -2.931
202112 -2.704 117.630 -3.029
202203 -6.741 121.301 -7.323
202206 -1.766 125.017 -1.861
202209 -1.068 125.227 -1.124
202212 1.513 125.222 1.592
202303 3.875 127.348 4.010
202306 1.948 128.729 1.994
202309 1.261 129.860 1.280
202312 -4.749 129.419 -4.835
202403 3.556 131.776 3.556

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  (FRA:RC8) 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 (FRA:RC8) 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 (FRA:RC8) Headlines

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