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Air Transport Services Group (FRA:AW8) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Air Transport Services Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Transport Services Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Air Transport Services Group'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 Transport Services Group Cyclically Adjusted Price-to-FCF Chart

Air Transport Services Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Air Transport Services Group 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 Air Transport Services Group's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, Air Transport Services Group'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 Transport Services Group's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

* The bar in red indicates where Air Transport Services Group's Cyclically Adjusted Price-to-FCF falls into.



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

For example, Air Transport Services Group'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)
=0.33/131.7762*131.7762
=0.330

Current CPI (Mar. 2024) = 131.7762.

Air Transport Services Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.164 100.560 0.215
201409 -0.182 100.428 -0.239
201412 0.260 99.070 0.346
201503 -0.050 99.621 -0.066
201506 0.332 100.684 0.435
201509 0.038 100.392 0.050
201512 -0.105 99.792 -0.139
201603 -0.378 100.470 -0.496
201606 -0.006 101.688 -0.008
201609 -0.159 101.861 -0.206
201612 -0.520 101.863 -0.673
201703 -0.570 102.862 -0.730
201706 0.302 103.349 0.385
201709 -0.113 104.136 -0.143
201712 -0.471 104.011 -0.597
201803 -0.140 105.290 -0.175
201806 0.018 106.317 0.022
201809 -0.055 106.507 -0.068
201812 0.238 105.998 0.296
201903 0.228 107.251 0.280
201906 -0.344 108.070 -0.419
201909 -0.297 108.329 -0.361
201912 -0.348 108.420 -0.423
202003 -0.592 108.902 -0.716
202006 0.414 108.767 0.502
202009 0.659 109.815 0.791
202012 -0.370 109.897 -0.444
202103 -0.011 111.754 -0.013
202106 0.090 114.631 0.103
202109 -0.065 115.734 -0.074
202112 0.870 117.630 0.975
202203 0.178 121.301 0.193
202206 -0.650 125.017 -0.685
202209 -0.072 125.227 -0.076
202212 -0.842 125.222 -0.886
202303 -0.027 127.348 -0.028
202306 -0.022 128.729 -0.023
202309 -0.656 129.860 -0.666
202312 -1.152 129.419 -1.173
202403 0.330 131.776 0.330

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 Transport Services Group  (FRA:AW8) 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 Transport Services Group Cyclically Adjusted Price-to-FCF Related Terms

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Air Transport Services Group (FRA:AW8) Business Description

Traded in Other Exchanges
Address
145 Hunter Drive, Wilmington, OH, USA, 45177
Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.

Air Transport Services Group (FRA:AW8) Headlines

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