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Boeing Co (NEOE:BA) Cyclically Adjusted Price-to-FCF : 50.56 (As of Jun. 07, 2024)


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What is Boeing Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Boeing Co's current share price is C$33.37. Boeing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.66. Boeing Co's Cyclically Adjusted Price-to-FCF for today is 50.56.

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

NEOE:BA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.23   Med: 32.19   Max: 65.09
Current: 50.87

During the past years, Boeing Co's highest Cyclically Adjusted Price-to-FCF was 65.09. The lowest was 10.23. And the median was 32.19.

NEOE:BA's Cyclically Adjusted Price-to-FCF is ranked worse than
60.75% of 107 companies
in the Aerospace & Defense industry
Industry Median: 36.04 vs NEOE:BA: 50.87

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.

Boeing Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-8.677. 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 C$0.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boeing Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Boeing Co'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.

Boeing Co Cyclically Adjusted Price-to-FCF Chart

Boeing Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.05 37.95 41.34 41.74 58.82

Boeing Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 47.10 47.20 47.17 58.82 51.28

Competitive Comparison of Boeing Co's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Boeing Co'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.


Boeing Co's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Boeing Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Boeing Co 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.

Boeing Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=33.37/0.66
=50.56

* 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.

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

For example, Boeing Co'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)
=-8.677/131.7762*131.7762
=-8.677

Current CPI (Mar. 2024) = 131.7762.

Boeing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.994 100.560 2.613
201409 0.478 100.428 0.627
201412 6.899 99.070 9.177
201503 -0.860 99.621 -1.138
201506 4.616 100.684 6.041
201509 4.432 100.392 5.818
201512 5.029 99.792 6.641
201603 1.048 100.470 1.375
201606 5.113 101.688 6.626
201609 5.401 101.861 6.987
201612 4.740 101.863 6.132
201703 3.522 102.862 4.512
201706 9.561 103.349 12.191
201709 6.077 104.136 7.690
201712 5.218 104.011 6.611
201803 5.902 105.290 7.387
201806 9.527 106.317 11.808
201809 9.215 106.507 11.401
201812 5.676 105.998 7.056
201903 5.348 107.251 6.571
201906 -2.426 108.070 -2.958
201909 -6.728 108.329 -8.184
201912 -6.468 108.420 -7.861
202003 -11.679 108.902 -14.132
202006 -13.466 108.767 -16.315
202009 -11.875 109.815 -14.250
202012 -9.488 109.897 -11.377
202103 -7.902 111.754 -9.318
202106 -1.461 114.631 -1.680
202109 -1.091 115.734 -1.242
202112 1.072 117.630 1.201
202203 -7.632 121.301 -8.291
202206 -0.391 125.017 -0.412
202209 6.501 125.227 6.841
202212 7.118 125.222 7.491
202303 -1.786 127.348 -1.848
202306 5.662 128.729 5.796
202309 -0.691 129.860 -0.701
202312 6.507 129.419 6.625
202403 -8.677 131.776 -8.677

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.


Boeing Co  (NEOE:BA) 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.


Boeing Co Cyclically Adjusted Price-to-FCF Related Terms

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


Boeing Co (NEOE:BA) Business Description

Industry
Address
929 Long Bridge Drive, Arlington, VA, USA, 22202
Boeing is a major aerospace and defense firm. It operates in four segments: commercial airplanes; defense, space, and security; Global services; and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upward. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.

Boeing Co (NEOE:BA) Headlines