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China Eastern Airlines (STU:CIAH) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is China Eastern Airlines Cyclically Adjusted Price-to-FCF?

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China Eastern Airlines Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Eastern Airlines'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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China Eastern Airlines Cyclically Adjusted Price-to-FCF Chart

China Eastern Airlines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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China Eastern Airlines 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 China Eastern Airlines's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, China Eastern Airlines'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.


China Eastern Airlines's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Eastern Airlines's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Eastern Airlines's Cyclically Adjusted Price-to-FCF falls into.



China Eastern Airlines 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.

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

For example, China Eastern Airlines'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)
=0.008/115.2271*115.2271
=0.008

Current CPI (Mar. 2024) = 115.2271.

China Eastern Airlines Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.024 98.200 -0.028
201409 -0.034 98.900 -0.040
201412 -0.051 99.000 -0.059
201503 -0.027 99.900 -0.031
201506 -0.012 99.500 -0.014
201509 -0.021 100.500 -0.024
201512 -0.046 100.600 -0.053
201603 0.002 102.200 0.002
201606 -0.070 101.400 -0.080
201609 0.011 102.400 0.012
201612 -0.086 102.600 -0.097
201703 -0.025 103.200 -0.028
201706 -0.027 103.100 -0.030
201709 0.010 104.100 0.011
201712 -0.004 104.500 -0.004
201803 0.020 105.300 0.022
201806 -0.026 104.900 -0.029
201809 0.057 106.600 0.062
201812 -0.094 106.500 -0.102
201903 -0.010 107.700 -0.011
201906 0.038 107.700 0.041
201909 0.046 109.800 0.048
201912 0.098 111.200 0.102
202003 -0.059 112.300 -0.061
202006 -0.025 110.400 -0.026
202009 0.035 111.700 0.036
202012 -0.003 111.500 -0.003
202103 -0.018 112.662 -0.018
202106 0.036 111.769 0.037
202109 0.016 112.215 0.016
202112 -0.070 113.108 -0.071
202203 -0.040 114.335 -0.040
202206 0.009 114.558 0.009
202209 -0.015 115.339 -0.015
202212 -0.075 115.116 -0.075
202303 0.024 115.116 0.024
202306 0.021 114.558 0.021
202309 0.032 115.339 0.032
202312 -0.033 114.781 -0.033
202403 0.008 115.227 0.008

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.


China Eastern Airlines  (STU:CIAH) 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.


China Eastern Airlines Cyclically Adjusted Price-to-FCF Related Terms

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China Eastern Airlines (STU:CIAH) Business Description

Address
36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100
China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.

China Eastern Airlines (STU:CIAH) Headlines

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