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Flughafen Zuerich AG (XSWX:FHZN) Cyclically Adjusted Price-to-FCF : 32.01 (As of May. 14, 2024)


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What is Flughafen Zuerich AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Flughafen Zuerich AG's current share price is CHF191.40. Flughafen Zuerich AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was CHF5.98. Flughafen Zuerich AG's Cyclically Adjusted Price-to-FCF for today is 32.01.

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

XSWX:FHZN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.57   Med: 27.74   Max: 36.77
Current: 31.73

During the past 13 years, Flughafen Zuerich AG's highest Cyclically Adjusted Price-to-FCF was 36.77. The lowest was 15.57. And the median was 27.74.

XSWX:FHZN's Cyclically Adjusted Price-to-FCF is ranked worse than
66.67% of 423 companies
in the Transportation industry
Industry Median: 18.59 vs XSWX:FHZN: 31.73

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.

Flughafen Zuerich AG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was CHF8.242. 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 CHF5.98 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Flughafen Zuerich AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Flughafen Zuerich AG'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.

Flughafen Zuerich AG Cyclically Adjusted Price-to-FCF Chart

Flughafen Zuerich AG 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 26.52 27.75 29.46 24.42 29.37

Flughafen Zuerich AG 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 29.46 - 24.42 - 29.37

Competitive Comparison of Flughafen Zuerich AG's Cyclically Adjusted Price-to-FCF

For the Airports & Air Services subindustry, Flughafen Zuerich AG'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.


Flughafen Zuerich AG's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Flughafen Zuerich AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Flughafen Zuerich AG's Cyclically Adjusted Price-to-FCF falls into.



Flughafen Zuerich AG 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.

Flughafen Zuerich AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=191.40/5.98
=32.01

* 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.

Flughafen Zuerich AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Flughafen Zuerich AG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=8.242/106.4611*106.4611
=8.242

Current CPI (Dec23) = 106.4611.

Flughafen Zuerich AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 6.879 100.704 7.272
201512 9.241 99.386 9.899
201612 10.962 99.380 11.743
201712 10.598 100.213 11.259
201812 8.388 100.906 8.850
201912 -5.124 101.063 -5.398
202012 -3.772 100.241 -4.006
202112 2.052 101.776 2.146
202212 9.613 104.666 9.778
202312 8.242 106.461 8.242

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.


Flughafen Zuerich AG  (XSWX:FHZN) 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.


Flughafen Zuerich AG Cyclically Adjusted Price-to-FCF Related Terms

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


Flughafen Zuerich AG (XSWX:FHZN) Business Description

Traded in Other Exchanges
Address
Zurich-Flughafen, Postfach, Zurich, CHE, CH-8058
Flughafen Zuerich AG owns and operates Zurich Airport, and offers services to international, domestic, and regional flights. Its services provided for passengers encompass activities related to the departure, arrival, and transfer areas at the airport. Revenue is split between aviation (majority of total revenue) and nonaviation services. Aviation services primarily derive from passenger and landing charges. Nonaviation services refer to retail and parking charges, sales from facility management, and other services provided at the airport. Passengers traveling within Europe cover approximately three fourths of total passengers, with many tourist cities being popular destinations.

Flughafen Zuerich AG (XSWX:FHZN) Headlines

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