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Boeing Co (WBO:BA) Cyclically Adjusted FCF per Share : €3.47 (As of Mar. 2024)


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What is Boeing Co 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.

Boeing Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-5.898. 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 €3.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Boeing Co's average Cyclically Adjusted FCF Growth Rate was -16.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -7.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -17.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -3.00% 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 Boeing Co was 23.30% per year. The lowest was -22.70% per year. And the median was 8.40% per year.

As of today (2024-05-19), Boeing Co's current stock price is €167.30. Boeing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.47. Boeing Co's Cyclically Adjusted Price-to-FCF of today is 48.21.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Boeing Co was 65.09. The lowest was 10.23. And the median was 32.04.


Boeing Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Boeing Co'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.

Boeing Co Cyclically Adjusted FCF per Share Chart

Boeing Co 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 8.44 4.66 4.33 4.22 3.98

Boeing Co 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 4.16 4.11 3.84 3.98 3.47

Competitive Comparison of Boeing Co's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, Boeing Co'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.


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

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

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



Boeing Co 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, Boeing Co'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)
=-5.898/131.7762*131.7762
=-5.898

Current CPI (Mar. 2024) = 131.7762.

Boeing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.355 100.560 1.776
201409 0.337 100.428 0.442
201412 4.852 99.070 6.454
201503 -0.630 99.621 -0.833
201506 3.326 100.684 4.353
201509 2.977 100.392 3.908
201512 3.367 99.792 4.446
201603 0.712 100.470 0.934
201606 3.529 101.688 4.573
201609 3.671 101.861 4.749
201612 3.369 101.863 4.358
201703 2.460 102.862 3.151
201706 6.401 103.349 8.162
201709 4.152 104.136 5.254
201712 3.453 104.011 4.375
201803 3.701 105.290 4.632
201806 6.213 106.317 7.701
201809 6.059 106.507 7.497
201812 3.713 105.998 4.616
201903 3.540 107.251 4.350
201906 -1.616 108.070 -1.970
201909 -4.613 108.329 -5.611
201912 -4.420 108.420 -5.372
202003 -7.571 108.902 -9.161
202006 -8.824 108.767 -10.691
202009 -7.620 109.815 -9.144
202012 -6.089 109.897 -7.301
202103 -5.281 111.754 -6.227
202106 -0.992 114.631 -1.140
202109 -0.732 115.734 -0.833
202112 0.741 117.630 0.830
202203 -5.473 121.301 -5.946
202206 -0.289 125.017 -0.305
202209 4.922 125.227 5.179
202212 4.946 125.222 5.205
202303 -1.219 127.348 -1.261
202306 3.933 128.729 4.026
202309 -0.478 129.860 -0.485
202312 4.448 129.419 4.529
202403 -5.898 131.776 -5.898

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


Boeing Co  (WBO:BA) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=167.30/3.47
=48.21

* 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 Boeing Co was 65.09. The lowest was 10.23. And the median was 32.04.


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.


Boeing Co Cyclically Adjusted FCF per Share Related Terms

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


Boeing Co (WBO:BA) Business Description

Industry
Address
929 Long Bridge Drive, Arlington, VA, USA, 22202
Boeing is a major aerospace and defense firm. It operates in four segments: commercial airplanes; defense, space, and security; Global services; and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upward. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.

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