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Hawaiian Holdings (Hawaiian Holdings) Cyclically Adjusted FCF per Share : $-0.42 (As of Mar. 2024)


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What is Hawaiian Holdings Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Hawaiian Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-2.445. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $-0.42 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Hawaiian Holdings was 214.10% per year. The lowest was -128.90% per year. And the median was -17.30% per year.

As of today (2024-04-28), Hawaiian Holdings's current stock price is $12.27. Hawaiian Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $-0.42. Hawaiian Holdings's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hawaiian Holdings was 771.33. The lowest was 15.45. And the median was 48.59.


Hawaiian Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hawaiian Holdings's Cyclically Adjusted FCF per Share 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.

Hawaiian Holdings Cyclically Adjusted FCF per Share Chart

Hawaiian Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 -0.35 0.32 0.09 -0.37

Hawaiian Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 -0.01 -0.01 -0.26 -0.37 -0.42

Competitive Comparison of Hawaiian Holdings's Cyclically Adjusted FCF per Share

For the Airlines subindustry, Hawaiian 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.


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

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

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



Hawaiian Holdings Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Hawaiian Holdings'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)
=-2.445/129.4194*129.4194
=-2.445

Current CPI (Mar. 2024) = 129.4194.

Hawaiian Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.748 100.560 -0.963
201409 0.296 100.428 0.381
201412 -0.493 99.070 -0.644
201503 1.726 99.621 2.242
201506 1.820 100.684 2.339
201509 0.979 100.392 1.262
201512 1.269 99.792 1.646
201603 3.123 100.470 4.023
201606 1.187 101.688 1.511
201609 1.833 101.861 2.329
201612 -1.325 101.863 -1.683
201703 2.887 102.862 3.632
201706 1.546 103.349 1.936
201709 -2.920 104.136 -3.629
201712 -1.786 104.011 -2.222
201803 2.239 105.290 2.752
201806 0.020 106.317 0.024
201809 -1.137 106.507 -1.382
201812 -0.738 105.998 -0.901
201903 1.578 107.251 1.904
201906 1.738 108.070 2.081
201909 0.359 108.329 0.429
201912 -1.906 108.420 -2.275
202003 0.001 108.902 0.001
202006 -1.970 108.767 -2.344
202009 -4.016 109.815 -4.733
202012 -3.030 109.897 -3.568
202103 2.256 111.754 2.613
202106 5.626 114.631 6.352
202109 -2.359 115.734 -2.638
202112 -1.271 117.630 -1.398
202203 0.255 121.301 0.272
202206 0.040 125.017 0.041
202209 -1.341 125.227 -1.386
202212 -1.002 125.222 -1.036
202303 0.234 127.348 0.238
202306 -1.352 128.729 -1.359
202309 -2.971 129.860 -2.961
202312 -4.629 129.419 -4.629
202403 -2.445 129.419 -2.445

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Hawaiian Holdings  (NAS:HA) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hawaiian Holdings was 771.33. The lowest was 15.45. And the median was 48.59.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Hawaiian Holdings Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Hawaiian Holdings's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Hawaiian Holdings (Hawaiian Holdings) Business Description

Industry
Traded in Other Exchanges
Address
3375 Koapaka Street, Suite G-350, Honolulu, HI, USA, 96819
Hawaiian Holdings Inc provides air transportation for passengers and cargo. Its primary asset is the sole ownership of Hawaiian Airlines. Routes are principally focused on transportation between the Hawaiian Islands, United States, and the South Pacific, Australia, New Zealand, and Asia. In addition, it operates various charter flights. The company markets through several distribution channels, including its own website, travel agencies, and wholesale distributors. Partnerships have been established with other airlines to accommodate customers, and the company also participates in a frequent-flyer program.
Executives
Aaron J Alter officer: Exec VP & Chief Legal Officer 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Avi Mannis officer: See Remarks C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Brent Overbeek officer: EVP. Chief Revenue Officer C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Crystal Rose director 47-460 WAIHEE PLACE, KANEOHE HI 96744
Daniel W. Akins director C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Richard N Zwern director 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Jonathan D. Snook officer: Executive VP and COO 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
William S Swelbar director C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET SUITE G, HONOLULU HI 96819
Wendy A. Beck director C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Craig Vosburg director 2000 PURCHASE STREET, PURCHASE NY 10577
Mark D. Schneider director C/O HAWAIIAN HOLDINGS INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Donald J Carty director C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Shannon Lei Okinaka officer: SVP and Interim CFO C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Theodoros Panagiotoulias officer: SVP - Global Sales & Alliances C/O HAWAIIAN AIRLINES INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
H Jayne Hrdlicka director C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819