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BAE Systems (BAE Systems) Cyclically Adjusted Price-to-FCF : 29.80 (As of Apr. 27, 2024)


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What is BAE Systems Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), BAE Systems's current share price is $68.24. BAE Systems's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $2.29. BAE Systems's Cyclically Adjusted Price-to-FCF for today is 29.80.

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

BAESY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.72   Med: 24.48   Max: 34.7
Current: 30.74

During the past 13 years, BAE Systems's highest Cyclically Adjusted Price-to-FCF was 34.70. The lowest was 11.72. And the median was 24.48.

BAESY's Cyclically Adjusted Price-to-FCF is ranked better than
56.36% of 110 companies
in the Aerospace & Defense industry
Industry Median: 35.485 vs BAESY: 30.74

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.

BAE Systems's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $4.620. 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 $2.29 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


BAE Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BAE Systems'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.

BAE Systems Cyclically Adjusted Price-to-FCF Chart

BAE Systems 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 25.36 21.47 18.81 26.97 25.48

BAE Systems Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 18.81 - 26.97 - 25.48

Competitive Comparison of BAE Systems's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, BAE Systems'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.


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

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

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



BAE Systems 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=68.24/2.29
=29.80

* 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.

BAE Systems's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, BAE Systems's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=4.62/130.0000*130.0000
=4.620

Current CPI (Dec23) = 130.0000.

BAE Systems Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.684 99.900 0.890
201512 0.746 100.400 0.966
201612 1.159 102.200 1.474
201712 2.383 105.000 2.950
201812 1.112 107.100 1.350
201912 1.846 108.500 2.212
202012 1.154 109.400 1.371
202112 3.040 114.700 3.446
202212 3.316 125.300 3.440
202312 4.620 130.000 4.620

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.


BAE Systems  (OTCPK:BAESY) 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.


BAE Systems Cyclically Adjusted Price-to-FCF Related Terms

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


BAE Systems (BAE Systems) Business Description

Traded in Other Exchanges
Address
6 Carlton Gardens, Stirling Square, London, GBR, SW1Y 5AD
BAE Systems is a British global defense, security, and aerospace company and the largest defense contractor in Europe; it is one of six prime contractors to the U.S. Department of Defense. For reporting purposes, the company has five operating segments: electronics systems is the group's U.S.- and U.K.-based electronic warfare systems; the cyber, security, and intelligence segment supplies intelligence and security solutions to the U.S. government; platforms and services manufactures combat vehicles and munitions and performs ship repair services to the U.S. Defense Department; the air segment includes BAE's share of U.S. and European air programs as well as its businesses in Saudi Arabia and Australia; and the maritime segment comprises U.K. land- and marine-based activities.