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GE Aerospace (XPAR:GNE) Cyclically Adjusted FCF per Share : €3.95 (As of Mar. 2024)


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What is GE Aerospace Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

GE Aerospace's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.476. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €3.95 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GE Aerospace's average Cyclically Adjusted FCF Growth Rate was -28.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -17.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -15.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -13.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of GE Aerospace was 14.50% per year. The lowest was -17.80% per year. And the median was 4.90% per year.

As of today (2024-04-27), GE Aerospace's current stock price is €152.00. GE Aerospace's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.95. GE Aerospace's Cyclically Adjusted Price-to-FCF of today is 38.48.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of GE Aerospace was 37.59. The lowest was 2.88. And the median was 7.03.


GE Aerospace Cyclically Adjusted FCF per Share Historical Data

The historical data trend for GE Aerospace's Cyclically Adjusted FCF per Share 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.

GE Aerospace Cyclically Adjusted FCF per Share Chart

GE Aerospace Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.63 6.31 5.88 5.37 3.98

GE Aerospace Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 5.53 5.22 5.47 3.98 3.95

Competitive Comparison of GE Aerospace's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, GE Aerospace'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.


GE Aerospace's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GE Aerospace's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



GE Aerospace Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, GE Aerospace'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)
=0.476/129.4194*129.4194
=0.476

Current CPI (Mar. 2024) = 129.4194.

GE Aerospace Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.864 100.560 3.686
201409 2.915 100.428 3.757
201412 5.961 99.070 7.787
201503 3.373 99.621 4.382
201506 3.205 100.684 4.120
201509 5.843 100.392 7.532
201512 2.594 99.792 3.364
201603 -0.698 100.470 -0.899
201606 -3.856 101.688 -4.908
201609 -5.520 101.861 -7.013
201612 0.165 101.863 0.210
201703 -1.428 102.862 -1.797
201706 0.123 103.349 0.154
201709 -0.819 104.136 -1.018
201712 1.600 104.011 1.991
201803 -1.175 105.290 -1.444
201806 -2.003 106.317 -2.438
201809 -3.144 106.507 -3.820
201812 4.968 105.998 6.066
201903 -1.089 107.251 -1.314
201906 -1.260 108.070 -1.509
201909 0.453 108.329 0.541
201912 7.066 108.420 8.435
202003 -0.660 108.902 -0.784
202006 -1.379 108.767 -1.641
202009 0.782 109.815 0.922
202012 2.489 109.897 2.931
202103 -1.769 111.754 -2.049
202106 0.171 114.631 0.193
202109 1.551 115.734 1.734
202112 1.962 117.630 2.159
202203 -0.674 121.301 -0.719
202206 0.226 125.017 0.234
202209 1.080 125.227 1.116
202212 3.564 125.222 3.683
202303 -0.474 127.348 -0.482
202306 0.092 128.729 0.092
202309 1.212 129.860 1.208
202312 2.173 129.419 2.173
202403 0.476 129.419 0.476

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


GE Aerospace  (XPAR:GNE) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

GE Aerospace's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=152.00/3.95
=38.48

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of GE Aerospace was 37.59. The lowest was 2.88. And the median was 7.03.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


GE Aerospace Cyclically Adjusted FCF per Share Related Terms

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


GE Aerospace (XPAR:GNE) Business Description

Industry
Address
5 Necco Street, Boston, MA, USA, 02210
GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.