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BOC Aviation (HKSE:02588) Cyclically Adjusted Price-to-FCF : (As of May. 16, 2024)


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What is BOC Aviation Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


BOC Aviation Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BOC Aviation'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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BOC Aviation Cyclically Adjusted Price-to-FCF Chart

BOC Aviation Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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BOC Aviation Semi-Annual Data
Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of BOC Aviation's Cyclically Adjusted Price-to-FCF

For the Rental & Leasing Services subindustry, BOC Aviation'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.


BOC Aviation's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, BOC Aviation's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



BOC Aviation 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.

BOC Aviation's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, BOC Aviation's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-15.27/129.4194*129.4194
=-15.270

Current CPI (Dec23) = 129.4194.

BOC Aviation Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -28.670 99.070 -37.453
201512 -30.186 99.792 -39.148
201612 -21.332 101.863 -27.103
201712 -35.597 104.011 -44.293
201812 -27.273 105.998 -33.299
201912 -17.452 108.420 -20.832
202012 -31.439 109.897 -37.024
202112 -3.596 117.630 -3.956
202212 8.981 125.222 9.282
202312 -15.270 129.419 -15.270

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.


BOC Aviation  (HKSE:02588) 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.


BOC Aviation Cyclically Adjusted Price-to-FCF Related Terms

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BOC Aviation (HKSE:02588) Business Description

Traded in Other Exchanges
Address
79 Robinson Road, No. 15-01, Singapore, SGP, 068897
BOC Aviation is the world's fifth-largest aircraft leasing company by net book value of owned aircraft, with a portfolio of more than 600 commercial passenger and cargo aircraft. The company was founded in 1993 in Singapore as a joint venture between Singapore Airlines and U.S.-based Boullioun Aviation Services. In 2006, the company was acquired by the Bank of China and took on its current name. Listed on the Stock Exchange of Hong Kong in 2016, BOC Aviation remains headquartered in Singapore, but has operations in Dublin, London, New York, and Tianjin. Bank of China remains its largest shareholder with a 70% stake. BOC Aviation has an international management team with its key leaders having more than 30 years of experience in the aircraft and leasing business.

BOC Aviation (HKSE:02588) Headlines

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