GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » RTX Corp (STU:5UR) » Definitions » Cyclically Adjusted FCF per Share

RTX (STU:5UR) Cyclically Adjusted FCF per Share : €4.39 (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is RTX 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.

RTX's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.198. 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 €4.39 for the trailing ten years ended in Mar. 2024.

During the past 12 months, RTX's average Cyclically Adjusted FCF Growth Rate was -4.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -0.20% 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 RTX was 23.20% per year. The lowest was -3.00% per year. And the median was 9.50% per year.

As of today (2024-05-05), RTX's current stock price is €94.00. RTX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.39. RTX's Cyclically Adjusted Price-to-FCF of today is 21.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of RTX was 21.50. The lowest was 9.21. And the median was 14.93.


RTX Cyclically Adjusted FCF per Share Historical Data

The historical data trend for RTX'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.

RTX Cyclically Adjusted FCF per Share Chart

RTX 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 7.82 4.02 4.33 4.67 4.41

RTX 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 4.56 4.40 4.61 4.41 4.39

Competitive Comparison of RTX's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, RTX'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.


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

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

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



RTX 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, RTX'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)
=-0.198/129.4194*129.4194
=-0.198

Current CPI (Mar. 2024) = 129.4194.

RTX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.941 100.560 1.211
201409 1.252 100.428 1.613
201412 1.444 99.070 1.886
201503 0.874 99.621 1.135
201506 1.094 100.684 1.406
201509 0.426 100.392 0.549
201512 2.073 99.792 2.688
201603 -1.958 100.470 -2.522
201606 1.183 101.688 1.506
201609 1.546 101.861 1.964
201612 1.237 101.863 1.572
201703 0.661 102.862 0.832
201706 1.791 103.349 2.243
201709 -0.597 104.136 -0.742
201712 1.727 104.011 2.149
201803 0.039 105.290 0.048
201806 1.742 106.317 2.121
201809 1.313 106.507 1.595
201812 1.638 105.998 2.000
201903 1.080 107.251 1.303
201906 1.755 108.070 2.102
201909 2.056 108.329 2.456
201912 2.018 108.420 2.409
202003 0.269 108.902 0.320
202006 -0.275 108.767 -0.327
202009 0.657 109.815 0.774
202012 0.371 109.897 0.437
202103 0.166 111.754 0.192
202106 0.504 114.631 0.569
202109 0.800 115.734 0.895
202112 1.175 117.630 1.293
202203 -0.027 121.301 -0.029
202206 0.443 125.017 0.459
202209 0.094 125.227 0.097
202212 2.304 125.222 2.381
202303 -0.974 127.348 -0.990
202306 0.021 128.729 0.021
202309 1.637 129.860 1.631
202312 2.519 129.419 2.519
202403 -0.198 129.419 -0.198

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


RTX  (STU:5UR) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=94.00/4.39
=21.41

* 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 RTX was 21.50. The lowest was 9.21. And the median was 14.93.


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.


RTX Cyclically Adjusted FCF per Share Related Terms

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


RTX (STU:5UR) Business Description

Industry
Address
1000 Wilson Boulevard, Arlington, VA, USA, 22209
RTX is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufacturers and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, an aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.

RTX (STU:5UR) Headlines

No Headlines