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Air T (AIRT) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Air T Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Air T Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Air T's Cyclically Adjusted Price-to-FCF 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.

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Air T Cyclically Adjusted Price-to-FCF Chart

Air T Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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Air T Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Air T's Cyclically Adjusted Price-to-FCF

For the Integrated Freight & Logistics subindustry, Air T'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.


Air T's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air T's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Air T's Cyclically Adjusted Price-to-FCF falls into.



Air T Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Air T's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Air T's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.526/129.4194*129.4194
=2.526

Current CPI (Dec. 2023) = 129.4194.

Air T Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.420 99.695 -0.545
201406 -0.544 100.560 -0.700
201409 -0.053 100.428 -0.068
201412 2.080 99.070 2.717
201503 0.206 99.621 0.268
201506 -1.330 100.684 -1.710
201509 0.067 100.392 0.086
201512 1.789 99.792 2.320
201603 0.009 100.470 0.012
201606 -1.483 101.688 -1.887
201609 -3.055 101.861 -3.882
201612 0.805 101.863 1.023
201703 0.747 102.862 0.940
201706 -0.858 103.349 -1.074
201709 0.460 104.136 0.572
201712 -1.868 104.011 -2.324
201803 -4.410 105.290 -5.421
201806 4.636 106.317 5.643
201809 -6.294 106.507 -7.648
201812 -4.538 105.998 -5.541
201903 6.348 107.251 7.660
201906 0.815 108.070 0.976
201909 -6.413 108.329 -7.662
201912 -11.102 108.420 -13.252
202003 -4.505 108.902 -5.354
202006 -1.381 108.767 -1.643
202009 -1.192 109.815 -1.405
202012 -0.963 109.897 -1.134
202103 0.823 111.754 0.953
202106 -3.099 114.631 -3.499
202109 -5.046 115.734 -5.643
202112 0.937 117.630 1.031
202203 -4.783 121.301 -5.103
202206 -1.013 125.017 -1.049
202209 -4.131 125.227 -4.269
202212 3.486 125.222 3.603
202303 7.291 127.348 7.410
202306 1.093 128.729 1.099
202309 4.348 129.860 4.333
202312 2.526 129.419 2.526

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


Air T  (NAS:AIRT) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Air T Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Air T's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Air T (AIRT) Business Description

Industry
Traded in Other Exchanges
Address
11020 David Taylor Drive, Suite 305, Charlotte, NC, USA, 28262
Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, and Ground support services, Commercial jet engines and parts, Corporate and Other. It generates maximum revenue from the Overnight air cargo segment.
Executives
Raymond E Cabillot director, 10 percent owner 3033 EXCELSIOR BLVD., STE 560, MINNEAPOLIS MN 55416
Peter B. Mcclung director 14101 SOUTHERN ROAD, GRANDVIEW MO 64030
Nicholas John Swenson 10 percent owner 5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416
Gary S Kohler director 5000 W 36TH STREET, SUITE 115, MINNEAPOLIS MN 55416
Seth G Barkett director 495 WEST MT. GARFIELD ROAD, NORTON SHORES MI 49441
Brett Reynolds officer: CFO 5000 W 36TH STREET, MINNEAPOLIS MN 55416
John A Reeves director 570 BALLYMOTE COURT, MATTHEWS NC 28104
Travis Jacob Swenson director 6016 EDEN PRAIRIE ROAD, MINNETONKA MN 55345
Air T Inc 10 percent owner 11020 DAVID TAYLOR DRIVE, SUITE 305, CHARLOTTE NC 28262
Koutsouvas Constantine officer: General Counsel AIR T, INC., 5000 WEST 36TH, SUITE 130, MINNEAPOLIS MN 55416
William R Foudray director 19192 POPLAR CIRCLE, EDEN PRAIRIE MN 55347
Biglari Capital Corp. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Sardar Biglari, 10 percent owner C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Lion Fund Ii, L.p. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Andrew Stumpf director 5444 CREEKMONTE DR., OAKLAND TWP MI 48306