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CAE (FRA:CE9) Cyclically Adjusted Price-to-FCF : 42.20 (As of May. 26, 2024)


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What is CAE Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), CAE's current share price is €17.30. CAE's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.41. CAE's Cyclically Adjusted Price-to-FCF for today is 42.20.

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

FRA:CE9' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.39   Med: 51.23   Max: 83
Current: 42.39

During the past years, CAE's highest Cyclically Adjusted Price-to-FCF was 83.00. The lowest was 29.39. And the median was 51.23.

FRA:CE9's Cyclically Adjusted Price-to-FCF is ranked worse than
56.6% of 106 companies
in the Aerospace & Defense industry
Industry Median: 34.925 vs FRA:CE9: 42.39

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.

CAE's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.209. 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 €0.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CAE Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CAE'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.

CAE Cyclically Adjusted Price-to-FCF Chart

CAE Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.13 60.82 53.10 49.81 -

CAE 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 49.81 51.80 56.62 47.60 -

Competitive Comparison of CAE's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, CAE'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.


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

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

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



CAE 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.30/0.41
=42.20

* 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.

CAE's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, CAE's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.209/125.0724*125.0724
=0.209

Current CPI (Dec. 2023) = 125.0724.

CAE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.135 98.604 0.171
201406 -0.107 99.473 -0.135
201409 -0.076 99.394 -0.096
201412 0.153 98.367 0.195
201503 0.321 99.789 0.402
201506 -0.195 100.500 -0.243
201509 0.243 100.421 0.303
201512 0.452 99.947 0.566
201603 0.013 101.054 0.016
201606 -0.008 102.002 -0.010
201609 -0.012 101.765 -0.015
201612 0.306 101.449 0.377
201703 0.311 102.634 0.379
201706 -0.197 103.029 -0.239
201709 0.160 103.345 0.194
201712 0.327 103.345 0.396
201803 0.152 105.004 0.181
201806 -0.246 105.557 -0.291
201809 0.285 105.636 0.337
201812 0.322 105.399 0.382
201903 0.113 106.979 0.132
201906 -0.427 107.690 -0.496
201909 -0.124 107.611 -0.144
201912 0.645 107.769 0.749
202003 0.316 107.927 0.366
202006 -0.306 108.401 -0.353
202009 0.047 108.164 0.054
202012 0.461 108.559 0.531
202103 0.266 110.298 0.302
202106 -0.510 111.720 -0.571
202109 -0.068 112.905 -0.075
202112 0.437 113.774 0.480
202203 0.235 117.646 0.250
202206 -0.608 120.806 -0.629
202209 0.082 120.648 0.085
202212 0.288 120.964 0.298
202303 0.175 122.702 0.178
202306 -0.392 124.203 -0.395
202309 0.183 125.230 0.183
202312 0.209 125.072 0.209

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.


CAE  (FRA:CE9) 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.


CAE Cyclically Adjusted Price-to-FCF Related Terms

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


CAE (FRA:CE9) Business Description

Industry
Traded in Other Exchanges
Address
8585 Cote de Liesse, Saint-Laurent, QC, CAN, H4T 1G6
CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company's training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations. Roughly one-third of sales are from the United States, with the remainder split among several other nations.

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