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AerCap Holdings NV (STU:R1D) Cyclically Adjusted FCF per Share : €-3.40 (As of Mar. 2024)


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What is AerCap Holdings NV 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.

AerCap Holdings NV's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-1.176. 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 €-3.40 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.90% 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 AerCap Holdings NV was 19.30% per year. The lowest was -2.70% per year. And the median was 9.80% per year.

As of today (2024-06-06), AerCap Holdings NV's current stock price is €84.82. AerCap Holdings NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-3.40. AerCap Holdings NV's Cyclically Adjusted Price-to-FCF of today is .


AerCap Holdings NV Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AerCap Holdings NV'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.

AerCap Holdings NV Cyclically Adjusted FCF per Share Chart

AerCap Holdings NV 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 -7.44 -4.74 -4.31 -4.05 -3.24

AerCap Holdings NV 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 -3.97 -3.25 -3.44 -3.24 -3.40

Competitive Comparison of AerCap Holdings NV's Cyclically Adjusted FCF per Share

For the Rental & Leasing Services subindustry, AerCap Holdings NV'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.


AerCap Holdings NV's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AerCap Holdings NV's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AerCap Holdings NV 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, AerCap Holdings NV'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)
=-1.176/120.9901*120.9901
=-1.176

Current CPI (Mar. 2024) = 120.9901.

AerCap Holdings NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.100 100.773 -1.321
201409 0.434 100.474 0.523
201412 -0.254 99.576 -0.309
201503 -1.688 99.975 -2.043
201506 -0.562 100.573 -0.676
201509 1.156 100.274 1.395
201512 0.293 99.676 0.356
201603 0.666 99.676 0.808
201606 -0.426 101.072 -0.510
201609 -0.122 100.274 -0.147
201612 -2.532 99.676 -3.073
201703 -0.369 100.374 -0.445
201706 -0.883 100.673 -1.061
201709 -2.847 100.474 -3.428
201712 -6.828 100.075 -8.255
201803 -2.061 100.573 -2.479
201806 -4.157 101.072 -4.976
201809 -3.066 101.371 -3.659
201812 -8.929 100.773 -10.720
201903 -2.218 101.670 -2.639
201906 -1.241 102.168 -1.470
201909 -3.604 102.268 -4.264
201912 -3.720 102.068 -4.410
202003 1.517 102.367 1.793
202006 -1.134 101.769 -1.348
202009 3.685 101.072 4.411
202012 2.188 101.072 2.619
202103 2.007 102.367 2.372
202106 2.306 103.364 2.699
202109 3.120 104.859 3.600
202112 3.240 106.653 3.676
202203 1.052 109.245 1.165
202206 1.901 112.779 2.039
202209 -0.297 113.504 -0.317
202212 2.372 115.436 2.486
202303 -1.459 117.609 -1.501
202306 -0.577 119.662 -0.583
202309 -1.102 120.749 -1.104
202312 -0.803 120.749 -0.805
202403 -1.176 120.990 -1.176

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


AerCap Holdings NV  (STU:R1D) 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.


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.


AerCap Holdings NV Cyclically Adjusted FCF per Share Related Terms

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


AerCap Holdings NV (STU:R1D) Business Description

Industry
Traded in Other Exchanges
Address
65 St. Stephen's Green, AerCap House, Dublin, IRL, D02 YX20
AerCap Holdings NV is an aircraft leasing company. Its major activities include leasing, financing, sales, and management of commercial aircraft and engines. It also provides aircraft asset management and corporate services to securitization vehicles, joint ventures, and other third parties. Through its subsidiary, the group also provides engine leasing, certified aircraft engines, airframes, and engine parts. Its geographical segments include China, United States, and Other countries.

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