GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Auckland International Airport Ltd (NZSE:AIA) » Definitions » Cyclically Adjusted Price-to-FCF

Auckland International Airport (NZSE:AIA) Cyclically Adjusted Price-to-FCF : 190.00 (As of May. 16, 2024)


View and export this data going back to 1998. Start your Free Trial

What is Auckland International Airport Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Auckland International Airport's current share price is NZ$7.60. Auckland International Airport's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was NZ$0.04. Auckland International Airport's Cyclically Adjusted Price-to-FCF for today is 190.00.

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

NZSE:AIA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 40.78   Med: 69.69   Max: 220.44
Current: 220.44

During the past 13 years, Auckland International Airport's highest Cyclically Adjusted Price-to-FCF was 220.44. The lowest was 40.78. And the median was 69.69.

NZSE:AIA's Cyclically Adjusted Price-to-FCF is ranked worse than
96.22% of 423 companies
in the Transportation industry
Industry Median: 18.45 vs NZSE:AIA: 220.44

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.

Auckland International Airport's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was NZ$-0.095. 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 NZ$0.04 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Auckland International Airport Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Auckland International Airport'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.

Auckland International Airport Cyclically Adjusted Price-to-FCF Chart

Auckland International Airport Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90.17 71.46 95.67 124.26 241.94

Auckland International Airport Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 124.26 - 241.94 -

Competitive Comparison of Auckland International Airport's Cyclically Adjusted Price-to-FCF

For the Airports & Air Services subindustry, Auckland International Airport'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.


Auckland International Airport's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Auckland International Airport's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Auckland International Airport's Cyclically Adjusted Price-to-FCF falls into.



Auckland International Airport 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.

Auckland International Airport's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.60/0.04
=190.00

* 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.

Auckland International Airport's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Auckland International Airport's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=-0.095/125.8458*125.8458
=-0.095

Current CPI (Jun23) = 125.8458.

Auckland International Airport Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.117 99.646 0.148
201506 0.120 100.063 0.151
201606 0.123 100.480 0.154
201706 0.050 102.231 0.062
201806 0.009 103.764 0.011
201906 0.113 105.502 0.135
202006 -0.051 107.035 -0.060
202106 -0.055 110.614 -0.063
202206 -0.084 118.690 -0.089
202306 -0.095 125.846 -0.095

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.


Auckland International Airport  (NZSE:AIA) 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.


Auckland International Airport Cyclically Adjusted Price-to-FCF Related Terms

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


Auckland International Airport (NZSE:AIA) Business Description

Traded in Other Exchanges
Address
4 Leonard Isitt Drive, Auckland Airport Business District, Manukau, NTL, NZL, 2022
Auckland Airport is New Zealand's largest airport, handling 21 million passenger movements in fiscal 2019, approximately 70% of the country's international visitors. It owns 1,500 hectares of land, and hosts ancillary commercial services, including retail and duty-free, car parking, hotels, warehouses, and offices. Substantial development opportunities could bring its capacity up to near 28 million passenger movements per year by 2032, as well as adding capacity in the ancillary services offered. It also has a minority stake in the small but fast growing Queenstown airport on New Zealand's south island.