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United Airlines Holdings (United Airlines Holdings) Cyclically Adjusted Price-to-FCF : 24.57 (As of May. 16, 2024)


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What is United Airlines Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), United Airlines Holdings's current share price is $54.78. United Airlines Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.23. United Airlines Holdings's Cyclically Adjusted Price-to-FCF for today is 24.57.

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

UAL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.96   Med: 22.41   Max: 64.09
Current: 24.67

During the past years, United Airlines Holdings's highest Cyclically Adjusted Price-to-FCF was 64.09. The lowest was 5.96. And the median was 22.41.

UAL's Cyclically Adjusted Price-to-FCF is ranked worse than
60% of 425 companies
in the Transportation industry
Industry Median: 18.67 vs UAL: 24.67

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.

United Airlines Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $4.511. 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 $2.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Airlines Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for United Airlines Holdings'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.

United Airlines Holdings Cyclically Adjusted Price-to-FCF Chart

United Airlines Holdings 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 21.41 36.08 58.95 22.74 21.80

United Airlines Holdings 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 21.32 21.24 17.41 21.80 21.49

Competitive Comparison of United Airlines Holdings's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, United Airlines Holdings'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.


United Airlines Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



United Airlines Holdings 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.

United Airlines Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=54.78/2.23
=24.57

* 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.

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

For example, United Airlines Holdings'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)
=4.511/131.7762*131.7762
=4.511

Current CPI (Mar. 2024) = 131.7762.

United Airlines Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.210 100.560 2.896
201409 0.463 100.428 0.608
201412 -2.025 99.070 -2.694
201503 4.206 99.621 5.564
201506 1.713 100.684 2.242
201509 1.668 100.392 2.189
201512 0.958 99.792 1.265
201603 1.080 100.470 1.417
201606 5.166 101.688 6.695
201609 1.401 101.861 1.812
201612 -0.703 101.863 -0.909
201703 -0.458 102.862 -0.587
201706 1.534 103.349 1.956
201709 -1.806 104.136 -2.285
201712 -0.621 104.011 -0.787
201803 2.685 105.290 3.360
201806 6.226 106.317 7.717
201809 0.150 106.507 0.186
201812 -1.569 105.998 -1.951
201903 1.032 107.251 1.268
201906 7.190 108.070 8.767
201909 0.913 108.329 1.111
201912 -0.043 108.420 -0.052
202003 -7.630 108.902 -9.233
202006 -0.602 108.767 -0.729
202009 -5.227 109.815 -6.272
202012 -7.654 109.897 -9.178
202103 -0.057 111.754 -0.067
202106 5.606 114.631 6.444
202109 -3.134 115.734 -3.568
202112 -2.487 117.630 -2.786
202203 3.305 121.301 3.590
202206 6.482 125.017 6.832
202209 -1.781 125.227 -1.874
202212 -4.040 125.222 -4.251
202303 3.968 127.348 4.106
202306 7.176 128.729 7.346
202309 -2.894 129.860 -2.937
202312 -8.958 129.419 -9.121
202403 4.511 131.776 4.511

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.


United Airlines Holdings  (NAS:UAL) 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.


United Airlines Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


United Airlines Holdings (United Airlines Holdings) Business Description

Address
233 South Wacker Drive, Chicago, IL, USA, 60606
United Airlines is a major U.S. network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.
Executives
Kennedy James A C director T ROWE PRICE GROUP INC, 100 E PRATT ST, BALTIMORE MD 21202
Michael D. Leskinen officer: EVP & Chief Financial Officer 233 S. WACKER DRIVE, WHQLD, CHICAGO IL 60606
Gerald Laderman officer: EVP and CFO 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Gregory L Hart officer: EVP & Chief Growth Officer 233 SOUTH WACKER DRIVE, 11TH FLOOR HDQLD, CHICAGO IL 60606
Edward M Philip director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Carolyn Corvi director 233 SOUTH WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Barney Harford director C/O ORBITZ WORLDWIDE, INC., 500 W. MADISON STREET, SUITE 1000, CHICAGO IL 60661
Michele J Hooper director C/O PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Edward Shapiro director 275 GROVE STREET, NEWTON MA 02466
Chris Kenny officer: Vice President & Controller 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Andrew P Nocella officer: EVP & Chief Commercial Officer 233 S. WACKER DR. 11TH FL WHQLD, CHICAGO IL 60606
Torbjorn J Enqvist officer: EVP & Chief Operations Officer 233 S. WACKER DRIVE, 11TH FL WHQLD, CHICAGO IL 60606
Linda P Jojo officer: EVP & Chief Customer Officer 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Kate Gebo officer: EVP HR and Labor Relations 233 SOUTH WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606
Brett J Hart officer: President 233 S. WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606