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TAV Havalimanlari Holding AS (IST:TAVHL) Cyclically Adjusted Price-to-FCF : 119.32 (As of Jun. 10, 2024)


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What is TAV Havalimanlari Holding AS Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), TAV Havalimanlari Holding AS's current share price is ₺247.00. TAV Havalimanlari Holding AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₺2.07. TAV Havalimanlari Holding AS's Cyclically Adjusted Price-to-FCF for today is 119.32.

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

IST:TAVHL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.67   Med: 12.56   Max: 119.32
Current: 119.27

During the past years, TAV Havalimanlari Holding AS's highest Cyclically Adjusted Price-to-FCF was 119.32. The lowest was 5.67. And the median was 12.56.

IST:TAVHL's Cyclically Adjusted Price-to-FCF is ranked worse than
91.61% of 429 companies
in the Transportation industry
Industry Median: 17.79 vs IST:TAVHL: 119.27

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.

TAV Havalimanlari Holding AS's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₺-2.464. 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 ₺2.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TAV Havalimanlari Holding AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TAV Havalimanlari Holding AS'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.

TAV Havalimanlari Holding AS Cyclically Adjusted Price-to-FCF Chart

TAV Havalimanlari Holding AS 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 12.05 9.64 11.89 27.68 44.37

TAV Havalimanlari Holding AS 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 27.58 61.22 54.29 44.37 88.41

Competitive Comparison of TAV Havalimanlari Holding AS's Cyclically Adjusted Price-to-FCF

For the Airports & Air Services subindustry, TAV Havalimanlari Holding AS'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.


TAV Havalimanlari Holding AS's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, TAV Havalimanlari Holding AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where TAV Havalimanlari Holding AS's Cyclically Adjusted Price-to-FCF falls into.



TAV Havalimanlari Holding AS 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.

TAV Havalimanlari Holding AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=247.00/2.07
=119.32

* 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.

TAV Havalimanlari Holding AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, TAV Havalimanlari Holding AS'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)
=-2.464/131.7762*131.7762
=-2.464

Current CPI (Mar. 2024) = 131.7762.

TAV Havalimanlari Holding AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.159 100.560 -0.208
201409 -0.820 100.428 -1.076
201412 -0.234 99.070 -0.311
201503 0.432 99.621 0.571
201506 1.167 100.684 1.527
201509 0.101 100.392 0.133
201512 -0.197 99.792 -0.260
201603 0.397 100.470 0.521
201606 1.874 101.688 2.428
201609 0.780 101.861 1.009
201612 1.274 101.863 1.648
201703 -0.677 102.862 -0.867
201706 0.719 103.349 0.917
201709 2.161 104.136 2.735
201712 0.908 104.011 1.150
201803 -0.831 105.290 -1.040
201806 1.174 106.317 1.455
201809 2.996 106.507 3.707
201812 2.296 105.998 2.854
201903 1.335 107.251 1.640
201906 -1.153 108.070 -1.406
201909 2.183 108.329 2.655
201912 -1.297 108.420 -1.576
202003 1.086 108.902 1.314
202006 -0.418 108.767 -0.506
202009 -0.525 109.815 -0.630
202012 -1.267 109.897 -1.519
202103 2.681 111.754 3.161
202106 0.662 114.631 0.761
202109 2.395 115.734 2.727
202112 -0.025 117.630 -0.028
202203 0.362 121.301 0.393
202206 1.406 125.017 1.482
202209 3.426 125.227 3.605
202212 2.124 125.222 2.235
202303 -7.673 127.348 -7.940
202306 -10.763 128.729 -11.018
202309 8.857 129.860 8.988
202312 1.907 129.419 1.942
202403 -2.464 131.776 -2.464

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.


TAV Havalimanlari Holding AS  (IST:TAVHL) 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.


TAV Havalimanlari Holding AS Cyclically Adjusted Price-to-FCF Related Terms

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TAV Havalimanlari Holding AS (IST:TAVHL) Business Description

Traded in Other Exchanges
Address
Ayazaga Mahallesi, Azerbaycan Caddesi, 2C Blok No:3L/6, Vadistanbul Bulvar, Sariyer, Istanbul, TUR, 34485
TAV Havalimanlari Holding AS constructs, manages and operates terminal buildings and airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operates terminal buildings and car parks. Ground handling and bus operations and duty free operations are the next most significant segments. The company is headquartered in Turkey and derives the majority of revenue domestically.

TAV Havalimanlari Holding AS (IST:TAVHL) Headlines

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