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Fraport AG (XTER:FRA) Cyclically Adjusted FCF per Share : €0.44 (As of Mar. 2024)


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What is Fraport AG 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.

Fraport AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-1.197. 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 €0.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fraport AG's average Cyclically Adjusted FCF Growth Rate was -37.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -13.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -11.50% 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 Fraport AG was -7.40% per year. The lowest was -23.90% per year. And the median was -13.00% per year.

As of today (2024-05-28), Fraport AG's current stock price is €52.35. Fraport AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.44. Fraport AG's Cyclically Adjusted Price-to-FCF of today is 118.98.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Fraport AG was 184.51. The lowest was 20.12. And the median was 72.30.


Fraport AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Fraport AG'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.

Fraport AG Cyclically Adjusted FCF per Share Chart

Fraport AG 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 1.77 0.88 0.62 0.78 0.58

Fraport AG 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 0.70 0.66 0.79 0.58 0.44

Competitive Comparison of Fraport AG's Cyclically Adjusted FCF per Share

For the Airports & Air Services subindustry, Fraport AG'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.


Fraport AG's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



Fraport AG 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, Fraport AG'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)
=-1.197/125.0381*125.0381
=-1.197

Current CPI (Mar. 2024) = 125.0381.

Fraport AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.730 99.543 0.917
201409 1.342 99.823 1.681
201412 0.301 99.543 0.378
201503 0.721 99.717 0.904
201506 1.251 100.417 1.558
201509 2.151 100.417 2.678
201512 0.107 99.717 0.134
201603 0.380 100.017 0.475
201606 1.113 100.717 1.382
201609 1.849 101.017 2.289
201612 0.046 101.217 0.057
201703 0.779 101.417 0.960
201706 2.370 102.117 2.902
201709 2.457 102.717 2.991
201712 0.048 102.617 0.058
201803 0.051 102.917 0.062
201806 1.299 104.017 1.562
201809 2.177 104.718 2.599
201812 -0.104 104.217 -0.125
201903 -1.027 104.217 -1.232
201906 1.455 105.718 1.721
201909 2.386 106.018 2.814
201912 -0.856 105.818 -1.011
202003 -0.786 105.718 -0.930
202006 -4.171 106.618 -4.892
202009 -3.067 105.818 -3.624
202012 -3.480 105.518 -4.124
202103 -4.556 107.518 -5.298
202106 -2.221 108.486 -2.560
202109 2.055 109.435 2.348
202112 -0.481 110.384 -0.545
202203 -1.855 113.968 -2.035
202206 0.152 115.760 0.164
202209 2.797 118.818 2.943
202212 -0.656 119.345 -0.687
202303 -1.258 122.402 -1.285
202306 0.121 123.140 0.123
202309 2.353 124.195 2.369
202312 -2.152 123.773 -2.174
202403 -1.197 125.038 -1.197

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


Fraport AG  (XTER:FRA) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=52.35/0.44
=118.98

* 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 Fraport AG was 184.51. The lowest was 20.12. And the median was 72.30.


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.


Fraport AG Cyclically Adjusted FCF per Share Related Terms

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


Fraport AG (XTER:FRA) Business Description

Industry
Address
Frankfurt Airport Services Worldwide, Frankfurt am Main, HE, DEU, 60547
Fraport AG is a German airport operator. The company derives the majority of income domestically, principally through the operation of the Frankfurt airport. Fraport is organized into four segments: aviation, retail and real estate, ground handling, and International activities and services. Aviation, the largest contributor to revenue, includes terminal management, corporate safety, and airport security management. The retail and real estate segment involves retailing, parking lot operations, and renting areas at its airport sites. The ground handling segment provides ground infrastructure services to Fraport's airports. The International activities and services segment includes IT and telecommunication services, and facility and infrastructure management.
Executives
Julia Kranenberg Board of Directors
Anke Giesen Board of Directors
Dr. Pierre Dominique Prümm Board of Directors