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Air Transport Services Group (Air Transport Services Group) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Air Transport Services Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Transport Services Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Air Transport Services Group'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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Air Transport Services Group Cyclically Adjusted Price-to-FCF Chart

Air Transport Services Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Air Transport Services Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Air Transport Services Group's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, Air Transport Services Group'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.


Air Transport Services Group's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air Transport Services Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Air Transport Services Group's Cyclically Adjusted Price-to-FCF falls into.



Air Transport Services Group 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.

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

For example, Air Transport Services Group'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)
=-1.256/129.4194*129.4194
=-1.256

Current CPI (Dec. 2023) = 129.4194.

Air Transport Services Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.268 99.695 0.348
201406 0.222 100.560 0.286
201409 -0.235 100.428 -0.303
201412 0.321 99.070 0.419
201503 -0.054 99.621 -0.070
201506 0.373 100.684 0.479
201509 0.042 100.392 0.054
201512 -0.114 99.792 -0.148
201603 -0.421 100.470 -0.542
201606 -0.006 101.688 -0.008
201609 -0.178 101.861 -0.226
201612 -0.549 101.863 -0.698
201703 -0.609 102.862 -0.766
201706 0.339 103.349 0.425
201709 -0.135 104.136 -0.168
201712 -0.557 104.011 -0.693
201803 -0.172 105.290 -0.211
201806 0.021 106.317 0.026
201809 -0.064 106.507 -0.078
201812 0.271 105.998 0.331
201903 0.257 107.251 0.310
201906 -0.388 108.070 -0.465
201909 -0.327 108.329 -0.391
201912 -0.386 108.420 -0.461
202003 -0.654 108.902 -0.777
202006 0.466 108.767 0.554
202009 0.776 109.815 0.915
202012 -0.451 109.897 -0.531
202103 -0.013 111.754 -0.015
202106 0.109 114.631 0.123
202109 -0.076 115.734 -0.085
202112 0.983 117.630 1.082
202203 0.196 121.301 0.209
202206 -0.687 125.017 -0.711
202209 -0.071 125.227 -0.073
202212 -0.892 125.222 -0.922
202303 -0.029 127.348 -0.029
202306 -0.024 128.729 -0.024
202309 -0.700 129.860 -0.698
202312 -1.256 129.419 -1.256

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.


Air Transport Services Group  (NAS:ATSG) 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.


Air Transport Services Group Cyclically Adjusted Price-to-FCF Related Terms

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


Air Transport Services Group (Air Transport Services Group) Business Description

Traded in Other Exchanges
Address
145 Hunter Drive, Wilmington, OH, USA, 45177
Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.
Executives
Koharik Edward Joseph Iii officer: Chief Operating Officer C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Johns Raymond E Jr director C\O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Michael L Berger officer: Chief Commercial Officer C\O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Jeffrey J Vorholt director 13 VIA ROMA, PALM COAST FL 32137
Amazon Com Inc 10 percent owner 410 TERRY AVENUE NORTH, SEATTLE WA 98109
Matthew E. Fedders officer: VP, Corporate Controller C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Paul Chase officer: Chief Commercial Officer C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Joseph C Hete officer: President & CEO
W Joseph Payne officer: Sr. VP, General Counsel & Sec. ABX AIR INC, 145 HUNTER DRIVE, WILMINGTON OH 45177
Quint O Turner officer: Chief Financial Officer 145 HUNTER DRIVE, WILMINGTON OH 45177
Jeffrey A. Dominick director ABX HOLDINGS, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Randy D Rademacher director ABX AIR, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
John Christopher Teets director C/O RED MOUNTAIN CAPITAL MANAGEMENT INC., 10100 SANTA MONICA BOULEVARD, SUITE 925, LOS ANGELES CA 90067
Richard Francis Corrado officer: Chief Commercial Officer C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Phyllis J Campbell director C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177