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Aena SME (Aena SME) Cyclically Adjusted Price-to-FCF : 24.12 (As of May. 26, 2024)


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What is Aena SME Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Aena SME's current share price is $192.745. Aena SME's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $7.99. Aena SME's Cyclically Adjusted Price-to-FCF for today is 24.12.

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

ANNSF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.33   Med: 20.75   Max: 25.31
Current: 24.11

During the past years, Aena SME's highest Cyclically Adjusted Price-to-FCF was 25.31. The lowest was 14.33. And the median was 20.75.

ANNSF's Cyclically Adjusted Price-to-FCF is ranked worse than
60.14% of 419 companies
in the Transportation industry
Industry Median: 18.22 vs ANNSF: 24.11

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.

Aena SME's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $3.434. 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 $7.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aena SME Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aena SME'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.

Aena SME Cyclically Adjusted Price-to-FCF Chart

Aena SME 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 - - - 16.36 22.76

Aena SME 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 20.87 21.30 19.52 22.76 24.60

Competitive Comparison of Aena SME's Cyclically Adjusted Price-to-FCF

For the Airports & Air Services subindustry, Aena SME'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.


Aena SME's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



Aena SME 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.

Aena SME's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=192.745/7.99
=24.12

* 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.

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

For example, Aena SME'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)
=3.434/122.7621*122.7621
=3.434

Current CPI (Mar. 2024) = 122.7621.

Aena SME Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.861 101.081 2.260
201409 4.319 100.441 5.279
201412 0.681 100.251 0.834
201503 2.548 99.474 3.145
201506 2.637 101.138 3.201
201509 3.987 99.559 4.916
201512 0.983 100.268 1.204
201603 3.319 98.638 4.131
201606 3.217 100.333 3.936
201609 4.680 99.737 5.760
201612 0.205 101.842 0.247
201703 3.610 100.896 4.392
201706 3.166 101.848 3.816
201709 5.164 101.524 6.244
201712 0.528 102.975 0.629
201803 2.730 102.122 3.282
201806 3.144 104.165 3.705
201809 4.969 103.818 5.876
201812 0.403 104.193 0.475
201903 3.147 103.488 3.733
201906 3.176 104.612 3.727
201909 1.440 103.905 1.701
201912 0.405 105.015 0.473
202003 1.937 103.469 2.298
202006 -2.071 104.254 -2.439
202009 -0.328 103.521 -0.389
202012 -2.544 104.456 -2.990
202103 -2.299 104.857 -2.692
202106 -2.212 107.102 -2.535
202109 0.603 107.669 0.688
202112 0.736 111.298 0.812
202203 0.622 115.153 0.663
202206 2.222 118.044 2.311
202209 4.060 117.221 4.252
202212 0.834 117.650 0.870
202303 0.830 118.948 0.857
202306 -0.806 120.278 -0.823
202309 4.951 121.343 5.009
202312 0.987 121.300 0.999
202403 3.434 122.762 3.434

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.


Aena SME  (OTCPK:ANNSF) 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.


Aena SME Cyclically Adjusted Price-to-FCF Related Terms

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


Aena SME (Aena SME) Business Description

Industry
Address
Calle Peonias, 12, Madrid, ESP, 28042
Aena is a Spanish airport operator with 46 airports in Spain, including Madrid and Barcelona, and has stakes in 23 international airports. The group generates regulated and nonregulated revenue. Regulated revenue includes fees collected from takeoff and landing, passenger fees and security, whereas nonregulated revenue stems from commercial activities such as retail, food and beverage and advertising sales. In 2019, before the onset of the pandemic, the group catered to 275 million passengers through its Spanish airport network. The group was semiprivatized in 2015, with a listing on the Madrid exchange.

Aena SME (Aena SME) Headlines

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