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ACE Aviation Holdings (TSXV:ACE.H) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is ACE Aviation Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ACE Aviation Holdings Cyclically Adjusted Price-to-FCF Historical Data

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

ACE Aviation Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted Price-to-FCF
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ACE Aviation Holdings Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Dec14 Dec18 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23
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Competitive Comparison of ACE Aviation Holdings's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, ACE Aviation Holdings'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.


ACE Aviation Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ACE Aviation Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



ACE Aviation Holdings 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.

ACE Aviation Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, ACE Aviation Holdings'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)
=0.002/125.2304*125.2304
=0.002

Current CPI (Sep. 2023) = 125.2304.

ACE Aviation Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200612 -2.171 86.437 -3.145
200703 -1.147 87.780 -1.636
200706 -5.066 88.412 -7.176
200709 -3.820 88.412 -5.411
200712 -8.125 88.491 -11.498
200803 -2.830 88.965 -3.984
200806 -0.130 91.177 -0.179
200809 -6.170 91.414 -8.452
200812 -12.634 89.518 -17.674
200903 1.406 90.071 1.955
200906 -3.752 90.940 -5.167
200909 -7.127 90.624 -9.849
200912 0.302 90.703 0.417
201003 0.093 91.335 0.128
201006 0.093 91.809 0.127
201009 0.154 92.362 0.209
201012 -0.114 92.836 -0.154
201103 -0.033 94.338 -0.044
201106 -0.339 94.654 -0.449
201109 -0.031 95.286 -0.041
201112 0.196 94.970 0.258
201203 -0.150 96.155 -0.195
201206 -0.075 96.076 -0.098
201209 -0.005 96.392 -0.006
201212 -0.009 95.760 -0.012
201303 0.020 97.103 0.026
201306 0.002 97.182 0.003
201309 0.010 97.419 0.013
201312 0.011 96.945 0.014
201412 0.000 98.367 0.000
201812 0.000 105.399 0.000
201912 0.000 107.769 0.000
202012 0.000 108.559 0.000
202112 0.000 113.774 0.000
202203 0.000 117.646 0.000
202206 -0.005 120.806 -0.005
202209 0.000 120.648 0.000
202303 0.002 122.702 0.002
202306 -0.003 124.203 -0.003
202309 0.002 125.230 0.002

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.


ACE Aviation Holdings  (TSXV:ACE.H) 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.


ACE Aviation Holdings Cyclically Adjusted Price-to-FCF Related Terms

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ACE Aviation Holdings (TSXV:ACE.H) Business Description

Traded in Other Exchanges
N/A
Address
1155 Rene-Levesque Boulevard West, 40th Floor, Montreal, QC, CAN, H3B 3V2
ACE Aviation Holdings Inc is an investment holding company that currently holds shares and warrants of Air Canada. It has shed its other businesses and is actively considering new investments or returning cash to shareholders.

ACE Aviation Holdings (TSXV:ACE.H) Headlines

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