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Ryanair Holdings (Ryanair Holdings) Cyclically Adjusted FCF per Share : $0.46 (As of Mar. 2024)


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What is Ryanair 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.

Ryanair Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was $1.340. 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 $0.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ryanair Holdings's average Cyclically Adjusted FCF Growth Rate was 23.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 30.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.70% 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 Ryanair Holdings was 30.80% per year. The lowest was -18.90% per year. And the median was 18.25% per year.

As of today (2024-05-29), Ryanair Holdings's current stock price is $20.41. Ryanair Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.46. Ryanair Holdings's Cyclically Adjusted Price-to-FCF of today is 44.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ryanair Holdings was 86.62. The lowest was 18.78. And the median was 52.37.


Ryanair Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ryanair 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.

Ryanair Holdings Cyclically Adjusted FCF per Share Chart

Ryanair Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.24 0.28 0.33 0.46

Ryanair Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 0.30 0.33 - 0.29 0.46

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

For the Airlines subindustry, Ryanair 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.


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

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

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



Ryanair 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, Ryanair 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)
=1.34/120.9901*120.9901
=1.340

Current CPI (Mar. 2024) = 120.9901.

Ryanair Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.540 100.573 0.650
201406 0.485 100.773 0.582
201409 -0.001 100.474 -0.001
201412 -0.148 99.576 -0.180
201503 0.457 99.975 0.553
201506 0.301 100.573 0.362
201509 0.096 100.274 0.116
201512 -0.179 99.676 -0.217
201603 0.307 99.676 0.373
201606 0.285 101.072 0.341
201609 -0.078 100.274 -0.094
201612 -0.275 99.676 -0.334
201703 0.492 100.374 0.593
201706 0.306 100.673 0.368
201709 -0.070 100.474 -0.084
201712 -0.259 100.075 -0.313
201803 0.789 100.573 0.949
201806 0.306 101.072 0.366
201809 -0.468 101.371 -0.559
201812 -0.465 100.773 -0.558
201903 1.077 101.670 1.282
201906 0.349 102.168 0.413
201909 0.115 102.268 0.136
201912 -0.099 102.068 -0.117
202003 0.380 102.367 0.449
202006 -0.501 101.769 -0.596
202009 -0.838 101.072 -1.003
202012 -1.121 101.072 -1.342
202103 -0.464 102.367 -0.548
202106 0.547 103.364 0.640
202109 0.223 104.859 0.257
202112 -0.604 106.653 -0.685
202203 0.617 109.245 0.683
202206 0.923 112.779 0.990
202209 -0.119 113.504 -0.127
202212 -0.380 115.436 -0.398
202303 1.436 117.609 1.477
202309 0.000 120.749 0.000
202312 -0.670 120.749 -0.671
202403 1.340 120.990 1.340

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


Ryanair Holdings  (OTCPK:RYAOF) 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.

Ryanair Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.41/0.46
=44.37

* 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 Ryanair Holdings was 86.62. The lowest was 18.78. And the median was 52.37.


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.


Ryanair Holdings Cyclically Adjusted FCF per Share Related Terms

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


Ryanair Holdings (Ryanair Holdings) Business Description

Address
Airside Business Park, Swords, Dublin, IRL, K67 NY94
Ryanair Holdings PLC is the leading airline group by passenger numbers in Europe. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul intra-European routes. In 2020, the most recent pre-pandemic fiscal year, the company carried 149 million passengers, utilizing a fleet of 467 Boeing 737 aircraft across its 1,800 routes. To keep costs low the company serves predominantly lower-cost secondary airports. The company generated sales of EUR 8.5 billion in fiscal 2020.

Ryanair Holdings (Ryanair Holdings) Headlines

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