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Azul (BSP:AZUL4) Cyclically Adjusted Price-to-FCF : 8.88 (As of Jun. 08, 2024)


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What is Azul Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Azul's current share price is R$9.23. Azul's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$1.04. Azul's Cyclically Adjusted Price-to-FCF for today is 8.88.

The historical rank and industry rank for Azul's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:AZUL4' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.85   Med: 18.22   Max: 28.39
Current: 8.85

During the past years, Azul's highest Cyclically Adjusted Price-to-FCF was 28.39. The lowest was 8.85. And the median was 18.22.

BSP:AZUL4's Cyclically Adjusted Price-to-FCF is ranked better than
72.73% of 429 companies
in the Transportation industry
Industry Median: 17.7 vs BSP:AZUL4: 8.85

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.

Azul's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$-1.466. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$1.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Azul Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Azul'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.

* Premium members only.

Azul Cyclically Adjusted Price-to-FCF Chart

Azul Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 14.34

Azul Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 - 28.51 22.09 14.34 12.50

Competitive Comparison of Azul's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, Azul'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.


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

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

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



Azul 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.

Azul's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.23/1.04
=8.88

* 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.

Azul's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Azul'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)
=-1.466/159.3724*159.3724
=-1.466

Current CPI (Mar. 2024) = 159.3724.

Azul Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 0.000 83.581 0.000
201303 -0.253 85.205 -0.473
201309 0.000 86.749 0.000
201312 0.000 88.522 0.000
201409 0.000 92.602 0.000
201412 0.000 94.194 0.000
201512 0.000 104.247 0.000
201603 -0.582 106.979 -0.867
201606 -0.598 108.851 -0.876
201609 -0.599 109.986 -0.868
201612 0.459 110.802 0.660
201703 -0.391 111.869 -0.557
201706 -1.120 112.115 -1.592
201709 0.773 112.777 1.092
201712 -0.301 114.068 -0.421
201803 -0.522 114.868 -0.724
201806 -0.358 117.038 -0.487
201809 0.767 117.881 1.037
201812 1.158 118.340 1.560
201903 -0.567 120.124 -0.752
201906 1.390 120.977 1.831
201909 1.051 121.292 1.381
201912 1.095 123.436 1.414
202003 -0.602 124.092 -0.773
202006 1.277 123.557 1.647
202009 0.404 125.095 0.515
202012 0.412 129.012 0.509
202103 -1.415 131.660 -1.713
202106 -0.866 133.871 -1.031
202109 -0.524 137.913 -0.606
202112 0.154 141.992 0.173
202203 -1.339 146.537 -1.456
202206 2.755 149.784 2.931
202209 0.247 147.800 0.266
202212 1.169 150.207 1.240
202303 2.762 153.352 2.870
202306 1.067 154.519 1.101
202309 -0.762 155.464 -0.781
202312 4.026 157.148 4.083
202403 -1.466 159.372 -1.466

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.


Azul  (BSP:AZUL4) 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.


Azul Cyclically Adjusted Price-to-FCF Related Terms

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


Azul (BSP:AZUL4) Business Description

Industry
Traded in Other Exchanges
Address
Marcos Penteado de Ulhoa Rodrigues, 939, Edificio Jatoba, 8th Floor, Castelo Branco Office Park, Tambore, Barueri, Sao Paulo, SP, BRA, 06460-040
Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities and equity holding in other companies.

Azul (BSP:AZUL4) Headlines

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