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Deutsche Lufthansa AG (BSE:LHA) Cyclically Adjusted FCF per Share : lei0.60 (As of Mar. 2024)


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What is Deutsche Lufthansa AG 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.

Deutsche Lufthansa AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was lei1.329. 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 lei0.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Deutsche Lufthansa AG's average Cyclically Adjusted FCF Growth Rate was -29.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -10.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -36.30% 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 Deutsche Lufthansa AG was -10.60% per year. The lowest was -62.70% per year. And the median was -38.10% per year.

As of today (2024-05-23), Deutsche Lufthansa AG's current stock price is lei32.64. Deutsche Lufthansa AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was lei0.60. Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF of today is 54.40.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deutsche Lufthansa AG was 188.60. The lowest was 6.10. And the median was 24.30.


Deutsche Lufthansa AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Deutsche Lufthansa AG'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.

Deutsche Lufthansa AG Cyclically Adjusted FCF per Share Chart

Deutsche Lufthansa AG 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 - 0.68 0.20 0.90 0.50

Deutsche Lufthansa AG 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 0.84 0.40 0.45 0.50 0.60

Competitive Comparison of Deutsche Lufthansa AG's Cyclically Adjusted FCF per Share

For the Airlines subindustry, Deutsche Lufthansa 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.


Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



Deutsche Lufthansa AG 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, Deutsche Lufthansa AG'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)
=1.329/125.0381*125.0381
=1.329

Current CPI (Mar. 2024) = 125.0381.

Deutsche Lufthansa AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.823 99.543 2.290
201409 -3.691 99.823 -4.623
201412 -5.430 99.543 -6.821
201503 3.917 99.717 4.912
201506 3.066 100.417 3.818
201509 1.047 100.417 1.304
201512 -3.508 99.717 -4.399
201603 3.612 100.017 4.516
201606 3.921 100.717 4.868
201609 2.475 101.017 3.064
201612 -3.353 101.217 -4.142
201703 5.926 101.417 7.306
201706 7.264 102.117 8.894
201709 5.220 102.717 6.354
201712 -4.141 102.617 -5.046
201803 6.617 102.917 8.039
201806 1.111 104.017 1.336
201809 1.191 104.718 1.422
201812 -8.224 104.217 -9.867
201903 1.944 104.217 2.332
201906 0.355 105.718 0.420
201909 3.709 106.018 4.374
201912 -3.578 105.818 -4.228
202003 4.584 105.718 5.422
202006 -8.687 106.618 -10.188
202009 -14.048 105.818 -16.600
202012 -9.109 105.518 -10.794
202103 -8.450 107.518 -9.827
202106 3.373 108.486 3.888
202109 0.676 109.435 0.772
202112 -2.070 110.384 -2.345
202203 3.459 113.968 3.795
202206 8.987 115.760 9.707
202209 1.685 118.818 1.773
202212 -3.193 119.345 -3.345
202303 2.061 122.402 2.105
202306 2.398 123.140 2.435
202309 1.873 124.195 1.886
202312 -2.950 123.773 -2.980
202403 1.329 125.038 1.329

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


Deutsche Lufthansa AG  (BSE:LHA) 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.

Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=32.64/0.6
=54.40

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deutsche Lufthansa AG was 188.60. The lowest was 6.10. And the median was 24.30.


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.


Deutsche Lufthansa AG Cyclically Adjusted FCF per Share Related Terms

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


Deutsche Lufthansa AG (BSE:LHA) Business Description

Industry
Address
Lufthansa Aviation Center, Airportring, Frankfurt, HE, DEU, 60546
Deutsche Lufthansa AG is a European airline group. The company's segment includes Passenger Airlines; Logistics; MRO and Catering. It generates maximum revenue from the Passenger Airlines segment. The Passenger Airlines segment comprises Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings, including the equity interest in SunExpress. Geographically, it derives a majority of its revenue from Europe.

Deutsche Lufthansa AG (BSE:LHA) Headlines

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