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Astronics (Astronics) Cyclically Adjusted Price-to-FCF : 21.82 (As of Apr. 27, 2024)


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What is Astronics Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Astronics's current share price is $16.58. Astronics's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.76. Astronics's Cyclically Adjusted Price-to-FCF for today is 21.82.

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

ATRO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.98   Med: 30.89   Max: 97.98
Current: 21.21

During the past years, Astronics's highest Cyclically Adjusted Price-to-FCF was 97.98. The lowest was 5.98. And the median was 30.89.

ATRO's Cyclically Adjusted Price-to-FCF is ranked better than
73.64% of 110 companies
in the Aerospace & Defense industry
Industry Median: 35.485 vs ATRO: 21.21

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.

Astronics's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.096. 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 $0.76 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Astronics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Astronics'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.

Astronics Cyclically Adjusted Price-to-FCF Chart

Astronics 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 27.36 12.31 11.24 10.39 22.92

Astronics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 10.39 14.91 22.36 19.24 22.92

Competitive Comparison of Astronics's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Astronics'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.


Astronics's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Astronics's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Astronics 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.

Astronics's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.58/0.76
=21.82

* 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.

Astronics's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Astronics's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.096/129.4194*129.4194
=-0.096

Current CPI (Dec. 2023) = 129.4194.

Astronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.416 99.695 -0.540
201406 0.420 100.560 0.541
201409 0.969 100.428 1.249
201412 0.612 99.070 0.799
201503 0.569 99.621 0.739
201506 -0.320 100.684 -0.411
201509 0.469 100.392 0.605
201512 0.962 99.792 1.248
201603 -0.055 100.470 -0.071
201606 0.548 101.688 0.697
201609 -0.054 101.861 -0.069
201612 0.601 101.863 0.764
201703 0.104 102.862 0.131
201706 -0.140 103.349 -0.175
201709 0.414 104.136 0.515
201712 0.363 104.011 0.452
201803 -0.164 105.290 -0.202
201806 0.151 106.317 0.184
201809 0.101 106.507 0.123
201812 1.065 105.998 1.300
201903 0.237 107.251 0.286
201906 -0.173 108.070 -0.207
201909 0.591 108.329 0.706
201912 0.299 108.420 0.357
202003 0.664 108.902 0.789
202006 0.559 108.767 0.665
202009 -0.380 109.815 -0.448
202012 0.128 109.897 0.151
202103 -0.284 111.754 -0.329
202106 0.093 114.631 0.105
202109 -0.557 115.734 -0.623
202112 0.368 117.630 0.405
202203 -0.026 121.301 -0.028
202206 -0.373 125.017 -0.386
202209 -0.949 125.227 -0.981
202212 0.230 125.222 0.238
202303 -0.638 127.348 -0.648
202306 -0.129 128.729 -0.130
202309 -0.102 129.860 -0.102
202312 -0.096 129.419 -0.096

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.


Astronics  (NAS:ATRO) 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.


Astronics Cyclically Adjusted Price-to-FCF Related Terms

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


Astronics (Astronics) Business Description

Industry
Traded in Other Exchanges
Address
130 Commerce Way, East Aurora, NY, USA, 14052
Astronics Corp supplies products to the aerospace, defense, and other industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport and business jet markets. Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.
Executives
Robert S Keane director, 10 percent owner CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Linda O'brien director 6124 FOREST HIGHLANDS DR., FORT WORTH TX 76132
Warren C Johnson director P.O. BOX 189, 13133 BEAR ROAD, WALES CENTER NY 14169
Nancy L Hedges officer: Principal Accounting Officer 130 COMMERCE WAY, EAST AURORA NY 14052
Jeffry D Frisby director C/O QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 HECTOR STREET, CONSHOHOCKEN PA 19428
James Mulato other: Pres Astronics Test Systems 4 GOODYEAR, IRVINE CA 92677
Mark Peabody officer: VP Astronics Advanced Electron 130 COMMERCE WAY, EAST AURORA NY 14052
Tonit M Calaway director HARLEY-DAVIDSON MOTOR COMPANY, 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
David C Burney officer: VP-Finance, Treasurer 130 COMMERCE WAY, EAST AURORA NY 14052
Michael C Kuehn officer: Executive Vice President 130 COMMERCE WAY, EAST AURORA NY 14052
Mark J Moran director 1600 SMITH STREET, HQSEO, HOUSTON TX 77002
James S Kramer officer: VP Luminescent Systems, Inc. 130 COMMERCE WAY, EAST AURORA NY 14052
Peter J Gundermann director 130 COMMERCE WAY, EAST AURORA NY 14052
Robert J Mckenna director 38 QUARTERMASTER DRIVE, SALEM SC 29676
5096 Saranac Llc 10 percent owner 1801 ELMWOOD AVENUE, SUITE 1, BUFFALO NY 14207-2463