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Ryanair Holdings (FRA:RY4D) Cyclically Adjusted Price-to-FCF : 36.51 (As of Jun. 08, 2024)


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What is Ryanair Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Ryanair Holdings's current share price is €111.00. Ryanair Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.04. Ryanair Holdings's Cyclically Adjusted Price-to-FCF for today is 36.51.

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

FRA:RY4D' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.37   Med: 51.48   Max: 82.68
Current: 37.21

During the past years, Ryanair Holdings's highest Cyclically Adjusted Price-to-FCF was 82.68. The lowest was 18.37. And the median was 51.48.

FRA:RY4D's Cyclically Adjusted Price-to-FCF is ranked worse than
73.43% of 429 companies
in the Transportation industry
Industry Median: 17.7 vs FRA:RY4D: 37.21

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.

Ryanair Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €6.165. 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 €3.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ryanair Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ryanair 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.

Ryanair Holdings Cyclically Adjusted Price-to-FCF Chart

Ryanair Holdings 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 20.10 76.11 54.94 38.83 44.51

Ryanair Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 42.73 38.83 - 60.18 44.51

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

For the Airlines subindustry, Ryanair 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.


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

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

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



Ryanair 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=111.00/3.04
=36.51

* 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.

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

For example, Ryanair 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)
=6.165/120.9901*120.9901
=6.165

Current CPI (Mar. 2024) = 120.9901.

Ryanair Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 2.156 100.573 2.594
201406 1.784 100.773 2.142
201409 -0.003 100.474 -0.004
201412 -0.602 99.576 -0.731
201503 2.111 99.975 2.555
201506 1.339 100.573 1.611
201509 0.427 100.274 0.515
201512 -0.824 99.676 -1.000
201603 1.379 99.676 1.674
201606 1.267 101.072 1.517
201609 -0.346 100.274 -0.417
201612 -1.304 99.676 -1.583
201703 2.302 100.374 2.775
201706 1.360 100.673 1.634
201709 -0.295 100.474 -0.355
201712 -1.095 100.075 -1.324
201803 3.199 100.573 3.848
201806 1.309 101.072 1.567
201809 -2.003 101.371 -2.391
201812 -2.043 100.773 -2.453
201903 4.765 101.670 5.671
201906 1.546 102.168 1.831
201909 0.523 102.268 0.619
201912 -0.447 102.068 -0.530
202003 1.718 102.367 2.031
202006 -2.224 101.769 -2.644
202009 -3.555 101.072 -4.256
202012 -4.607 101.072 -5.515
202103 -1.948 102.367 -2.302
202106 2.270 103.364 2.657
202109 0.947 104.859 1.093
202112 -2.673 106.653 -3.032
202203 2.803 109.245 3.104
202206 4.364 112.779 4.682
202209 -0.603 113.504 -0.643
202212 -1.793 115.436 -1.879
202303 6.707 117.609 6.900
202309 0.000 120.749 0.000
202312 -3.071 120.749 -3.077
202403 6.165 120.990 6.165

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.


Ryanair Holdings  (FRA:RY4D) 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.


Ryanair Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Ryanair Holdings (FRA:RY4D) Business Description

Industry
Address
Airside Business Park, Swords, Dublin, IRL, K67 NY94
Ryanair Holdings PLC is the leading airline group by passenger numbers in Europe. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul intra-European routes. In 2020, the most recent pre-pandemic fiscal year, the company carried 149 million passengers, utilizing a fleet of 467 Boeing 737 aircraft across its 1,800 routes. To keep costs low the company serves predominantly lower-cost secondary airports. The company generated sales of EUR 8.5 billion in fiscal 2020.

Ryanair Holdings (FRA:RY4D) Headlines

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