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China Eastern Airlines (China Eastern Airlines) Cyclically Adjusted Price-to-FCF : (As of Jun. 02, 2024)


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What is China Eastern Airlines Cyclically Adjusted Price-to-FCF?

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China Eastern Airlines Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Eastern Airlines'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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China Eastern Airlines Cyclically Adjusted Price-to-FCF Chart

China Eastern Airlines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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China Eastern Airlines Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of China Eastern Airlines's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, China Eastern Airlines'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.


China Eastern Airlines's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



China Eastern Airlines 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.

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

For example, China Eastern Airlines'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)
=0.008/115.2271*115.2271
=0.008

Current CPI (Mar. 2024) = 115.2271.

China Eastern Airlines Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.033 98.200 -0.039
201409 -0.044 98.900 -0.051
201412 -0.062 99.000 -0.072
201503 -0.029 99.900 -0.033
201506 -0.013 99.500 -0.015
201509 -0.024 100.500 -0.028
201512 -0.050 100.600 -0.057
201603 0.002 102.200 0.002
201606 -0.078 101.400 -0.089
201609 0.012 102.400 0.014
201612 -0.091 102.600 -0.102
201703 -0.027 103.200 -0.030
201706 -0.031 103.100 -0.035
201709 0.011 104.100 0.012
201712 -0.005 104.500 -0.006
201803 0.025 105.300 0.027
201806 -0.030 104.900 -0.033
201809 0.067 106.600 0.072
201812 -0.107 106.500 -0.116
201903 -0.011 107.700 -0.012
201906 0.043 107.700 0.046
201909 0.051 109.800 0.054
201912 0.109 111.200 0.113
202003 -0.065 112.300 -0.067
202006 -0.029 110.400 -0.030
202009 0.041 111.700 0.042
202012 -0.004 111.500 -0.004
202103 -0.022 112.662 -0.023
202106 0.043 111.769 0.044
202109 0.018 112.215 0.018
202112 -0.080 113.108 -0.081
202203 -0.044 114.335 -0.044
202206 0.010 114.558 0.010
202209 -0.015 115.339 -0.015
202212 -0.080 115.116 -0.080
202303 0.026 115.116 0.026
202306 0.023 114.558 0.023
202309 0.034 115.339 0.034
202312 -0.036 114.781 -0.036
202403 0.008 115.227 0.008

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.


China Eastern Airlines  (OTCPK:CHEAF) 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.


China Eastern Airlines Cyclically Adjusted Price-to-FCF Related Terms

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China Eastern Airlines (China Eastern Airlines) Business Description

Traded in Other Exchanges
Address
36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100
China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.