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Mesa Air Group (Mesa Air Group) Cyclically Adjusted Price-to-FCF : 0.76 (As of May. 15, 2024)


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

As of today (2024-05-15), Mesa Air Group's current share price is $0.9096. Mesa Air Group's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was $1.19. Mesa Air Group's Cyclically Adjusted Price-to-FCF for today is 0.76.

The historical rank and industry rank for Mesa Air Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MESA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.39   Med: 3.76   Max: 37.21
Current: 0.77

During the past years, Mesa Air Group's highest Cyclically Adjusted Price-to-FCF was 37.21. The lowest was 0.39. And the median was 3.76.

MESA's Cyclically Adjusted Price-to-FCF is ranked better than
97.87% of 423 companies
in the Transportation industry
Industry Median: 18.45 vs MESA: 0.77

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.

Mesa Air Group's adjusted free cash flow per share data for the three months ended in Sep. 2023 was $-0.373. 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 $1.19 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for Mesa Air 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.

Mesa Air Group Cyclically Adjusted Price-to-FCF Chart

Mesa Air Group Annual Data
Trend Sep07 Sep08 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 6.09 9.45 1.53 0.72

Mesa Air Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 1.53 1.45 2.42 2.14 0.72

Competitive Comparison of Mesa Air Group's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, Mesa Air 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.


Mesa Air Group's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



Mesa Air 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.

Mesa Air Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.9096/1.19
=0.76

* 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.

Mesa Air Group's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Mesa Air Group's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.373/129.8595*129.8595
=-0.373

Current CPI (Sep. 2023) = 129.8595.

Mesa Air Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200609 -0.292 85.606 -0.443
200612 1.065 85.142 1.624
200703 -0.277 86.640 -0.415
200706 0.598 87.906 0.883
200709 0.550 87.964 0.812
200712 2.937 88.616 4.304
200803 0.071 90.090 0.102
200806 -2.229 92.320 -3.135
200809 0.423 92.307 0.595
200812 0.113 88.697 0.165
200903 0.047 89.744 0.068
200906 -0.085 91.003 -0.121
201609 0.000 101.861 0.000
201703 0.000 102.862 0.000
201706 0.000 103.349 0.000
201709 0.000 104.136 0.000
201712 0.756 104.011 0.944
201803 0.273 105.290 0.337
201806 -2.668 106.317 -3.259
201809 1.290 106.507 1.573
201812 0.516 105.998 0.632
201903 0.289 107.251 0.350
201906 -0.879 108.070 -1.056
201909 0.826 108.329 0.990
201912 0.722 108.420 0.865
202003 0.426 108.902 0.508
202006 1.077 108.767 1.286
202009 1.960 109.815 2.318
202012 2.115 109.897 2.499
202103 -0.283 111.754 -0.329
202106 1.194 114.631 1.353
202109 -0.106 115.734 -0.119
202112 -0.611 117.630 -0.675
202203 0.059 121.301 0.063
202206 -0.187 125.017 -0.194
202209 -0.233 125.227 -0.242
202212 -0.626 125.222 -0.649
202303 -0.260 127.348 -0.265
202306 -0.302 128.729 -0.305
202309 -0.373 129.860 -0.373

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.


Mesa Air Group  (NAS:MESA) 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.


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

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


Mesa Air Group (Mesa Air Group) Business Description

Industry
Traded in Other Exchanges
Address
410 North 44th Street, Suite 700, Phoenix, AZ, USA, 85008
Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 129 cities in the District of Columbia, the Bahamas, and Mexico, as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles.
Executives
Jonathan Ireland director 410 NORTH 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Jerome Mchugh director 410 N 44TH ST STE 700, PHOENIX AZ 85008
Daniel Torque Zubeck officer: CFO & Treasurer 16832 12TH AVE SW, NORMANDY WA 98166
Jonathan G Ornstein director, officer: Chairman & CEO 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Mitchell I Gordon director C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Brian S Gillman officer: General Counsel 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Spyridon Skiados director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Harvey W Schiller director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Michael Lotz officer: President and COO 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Ellen N. Artist director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Dana J Lockhart director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Bradford R Rich officer: EVP & Chief Operating Officer MESA AIR GROUP, 410 NORTH 44TH STREET, PHOENIX AZ 85008
Michael L Ferverda officer: President, Freedom Airlines 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
G Grant Lyon director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Joseph Altobello director 6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817