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AirAsia X Bhd (XKLS:5238) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is AirAsia X Bhd Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


AirAsia X Bhd Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AirAsia X Bhd'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.

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AirAsia X Bhd Cyclically Adjusted Price-to-FCF Chart

AirAsia X Bhd Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec23
Cyclically Adjusted Price-to-FCF
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AirAsia X Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of AirAsia X Bhd's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, AirAsia X Bhd'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.


AirAsia X Bhd's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



AirAsia X Bhd 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.

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

For example, AirAsia X Bhd'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)
=0.142/131.7762*131.7762
=0.142

Current CPI (Mar. 2024) = 131.7762.

AirAsia X Bhd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.361 98.326 -0.484
201403 -0.725 99.695 -0.958
201406 0.298 100.560 0.391
201409 0.106 100.428 0.139
201412 -1.770 99.070 -2.354
201503 -0.337 99.621 -0.446
201506 -0.049 100.684 -0.064
201509 -0.188 100.392 -0.247
201512 0.262 99.792 0.346
201603 -0.021 100.470 -0.028
201606 0.233 101.688 0.302
201609 0.276 101.861 0.357
201612 0.371 101.863 0.480
201703 0.029 102.862 0.037
201706 0.208 103.349 0.265
201709 0.258 104.136 0.326
201712 0.142 104.011 0.180
201803 0.225 105.290 0.282
201806 -0.221 106.317 -0.274
201809 -0.054 106.507 -0.067
201812 0.265 105.998 0.329
201903 0.576 107.251 0.708
201906 -0.057 108.070 -0.070
201909 0.289 108.329 0.352
201912 0.193 108.420 0.235
202003 0.253 108.902 0.306
202006 0.194 108.767 0.235
202009 -0.266 109.815 -0.319
202103 0.000 111.754 0.000
202109 -0.051 115.734 -0.058
202112 0.008 117.630 0.009
202203 -0.022 121.301 -0.024
202206 -0.141 125.017 -0.149
202209 0.136 125.227 0.143
202212 0.090 125.222 0.095
202303 0.061 127.348 0.063
202306 0.112 128.729 0.115
202309 -0.288 129.860 -0.292
202312 0.017 129.419 0.017
202403 0.142 131.776 0.142

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.


AirAsia X Bhd  (XKLS:5238) 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.


AirAsia X Bhd Cyclically Adjusted Price-to-FCF Related Terms

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AirAsia X Bhd (XKLS:5238) Business Description

Industry
Traded in Other Exchanges
N/A
Address
RedQ, Jalan Pekeliling 5, Lapangan Terbang Antarabangsa, KLIA, Kuala Lumpur, SGR, MYS, 64000
AirAsia X Bhd is a Malaysia-based long-haul airline company, engaged in providing long-haul air transportation services. It operates primarily in the Asia-Pacific region. The organization's reportable segments are classified as each company with an Air Operator Certificate held under the AirAsia brand, namely Malaysia, Thailand, and Indonesia. Thailand is the maximum revenue-generating segment for the company. It derives revenue through freight services, aircraft operating lease income, management fees, and through other ancillary activities. It also offers management logistical and marketing services and engine and aircraft leasing services.

AirAsia X Bhd (XKLS:5238) Headlines

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