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TAT Technologies (XTAE:TATT) Cyclically Adjusted FCF per Share : ₪-2.65 (As of Mar. 2024)


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What is TAT Technologies 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.

TAT Technologies's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₪-1.608. 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 ₪-2.65 for the trailing ten years ended in Mar. 2024.

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 TAT Technologies was -34.60% per year. The lowest was -55.30% per year. And the median was -44.50% per year.

As of today (2024-06-10), TAT Technologies's current stock price is ₪54.15. TAT Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₪-2.65. TAT Technologies's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TAT Technologies was 715.50. The lowest was 5.83. And the median was 61.68.


TAT Technologies Cyclically Adjusted FCF per Share Historical Data

The historical data trend for TAT Technologies'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.

TAT Technologies Cyclically Adjusted FCF per Share Chart

TAT Technologies 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 0.07 0.07 -0.88 -1.74 -2.37

TAT Technologies 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 -1.73 -1.99 -2.26 -2.37 -2.65

Competitive Comparison of TAT Technologies's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, TAT Technologies'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.


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

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

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



TAT Technologies 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, TAT Technologies'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)
=-1.608/131.7762*131.7762
=-1.608

Current CPI (Mar. 2024) = 131.7762.

TAT Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.412 100.560 0.540
201409 -0.682 100.428 -0.895
201412 -0.892 99.070 -1.186
201503 -0.472 99.621 -0.624
201506 -0.301 100.684 -0.394
201509 -0.351 100.392 -0.461
201512 0.027 99.792 0.036
201603 -0.359 100.470 -0.471
201606 -1.794 101.688 -2.325
201609 0.467 101.861 0.604
201612 1.608 101.863 2.080
201703 1.056 102.862 1.353
201706 -0.431 103.349 -0.550
201709 -0.740 104.136 -0.936
201712 -0.313 104.011 -0.397
201803 -0.500 105.290 -0.626
201806 -0.520 106.317 -0.645
201809 0.826 106.507 1.022
201812 -0.734 105.998 -0.913
201903 -0.706 107.251 -0.867
201906 0.034 108.070 0.041
201909 1.064 108.329 1.294
201912 -0.256 108.420 -0.311
202003 0.154 108.902 0.186
202006 2.104 108.767 2.549
202009 -0.836 109.815 -1.003
202012 -1.328 109.897 -1.592
202103 -3.572 111.754 -4.212
202106 -1.315 114.631 -1.512
202109 -2.125 115.734 -2.420
202112 -1.223 117.630 -1.370
202203 -3.258 121.301 -3.539
202206 -2.615 125.017 -2.756
202209 -2.850 125.227 -2.999
202212 -0.072 125.222 -0.076
202303 0.140 127.348 0.145
202306 0.591 128.729 0.605
202309 -1.759 129.860 -1.785
202312 -0.310 129.419 -0.316
202403 -1.608 131.776 -1.608

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


TAT Technologies  (XTAE:TATT) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TAT Technologies was 715.50. The lowest was 5.83. And the median was 61.68.


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.


TAT Technologies Cyclically Adjusted FCF per Share Related Terms

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


TAT Technologies (XTAE:TATT) Business Description

Traded in Other Exchanges
Address
Hamelacha 5, Netanya, ISR, 4250540
TAT Technologies Ltd is a provider of solutions and services to the aerospace and defence industries focused mainly on the four segments: Original equipment manufacturing (OEM); MRO services for heat transfer; MRO services for aviation components; Overhaul and coating of jet engine components. The company design, develop and manufacture Heat Exchangers, Cooling Systems, Cold Plates, Vapor-Cycle Air Conditioning Systems (for both land and airborne applications) and flow accessories.