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Albany International (Albany International) Cyclically Adjusted FCF per Share : $2.13 (As of Dec. 2023)


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What is Albany International Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Albany International's adjusted free cash flow per share for the three months ended in Dec. 2023 was $1.243. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.13 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Albany International's average Cyclically Adjusted FCF Growth Rate was 14.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 21.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Albany International was 141.70% per year. The lowest was -59.80% per year. And the median was 12.75% per year.

As of today (2024-04-27), Albany International's current stock price is $87.68. Albany International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.13. Albany International's Cyclically Adjusted Price-to-FCF of today is 41.16.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Albany International was 1310.00. The lowest was 29.57. And the median was 82.47.


Albany International Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Albany International's Cyclically Adjusted FCF per Share 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.

Albany International Cyclically Adjusted FCF per Share Chart

Albany International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.33 1.64 1.86 2.13

Albany International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 1.86 1.83 1.83 1.94 2.13

Competitive Comparison of Albany International's Cyclically Adjusted FCF per Share

For the Textile Manufacturing subindustry, Albany International'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.


Albany International's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Albany International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Albany International Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Albany International'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)
=1.243/129.4194*129.4194
=1.243

Current CPI (Dec. 2023) = 129.4194.

Albany International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.190 99.695 -0.247
201406 0.622 100.560 0.801
201409 0.112 100.428 0.144
201412 0.247 99.070 0.323
201503 -0.183 99.621 -0.238
201506 -0.244 100.684 -0.314
201509 1.018 100.392 1.312
201512 0.882 99.792 1.144
201603 -0.084 100.470 -0.108
201606 -0.064 101.688 -0.081
201609 0.208 101.861 0.264
201612 0.171 101.863 0.217
201703 -0.922 102.862 -1.160
201706 -0.414 103.349 -0.518
201709 0.075 104.136 0.093
201712 0.529 104.011 0.658
201803 -1.078 105.290 -1.325
201806 0.381 106.317 0.464
201809 0.719 106.507 0.874
201812 1.508 105.998 1.841
201903 0.116 107.251 0.140
201906 1.359 108.070 1.627
201909 0.922 108.329 1.101
201912 1.701 108.420 2.030
202003 -0.602 108.902 -0.715
202006 1.282 108.767 1.525
202009 0.934 109.815 1.101
202012 1.408 109.897 1.658
202103 0.653 111.754 0.756
202106 1.584 114.631 1.788
202109 1.352 115.734 1.512
202112 1.456 117.630 1.602
202203 -0.662 121.301 -0.706
202206 0.728 125.017 0.754
202209 0.410 125.227 0.424
202212 0.556 125.222 0.575
202303 -1.046 127.348 -1.063
202306 0.396 128.729 0.398
202309 1.438 129.860 1.433
202312 1.243 129.419 1.243

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Albany International  (NYSE:AIN) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Albany International's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=87.68/2.13
=41.16

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Albany International was 1310.00. The lowest was 29.57. And the median was 82.47.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Albany International Cyclically Adjusted FCF per Share Related Terms

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


Albany International (Albany International) Business Description

Traded in Other Exchanges
Address
216 Airport Drive, Rochester, NH, USA, 03867
Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.
Executives
Gunnar Kleveland director, officer: President and CEO C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
Robert Alan Hansen officer: Senior Vice President & CTO C/O ALBANY INTERNATIONAL CORP, PO BOX 1907, ALBANY NY 12201-1907
John J Tedone officer: VP - Controller & CAO 501 DUNN ROAD, COVENTRY CT 06238
Robert D. Starr officer: CFO & Treasurer 10 STOCKBRIDGE DRIVE, AVON CT 06001
Elisabeth Indriani officer: CAO & Corporate Controller C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
John Michael Mcquade director C/O ALBANY INTERNATIONAL CORP, 216 AIRPORT DRIVE, ROCHESTER NH 03867
Katharine Plourde director 120 EAST END AVE, NEW YORK NY 10028
Erland E Kailbourne director C/O RAND CAPITAL CORP, 2200 RAND BUILDING, BUFFFALO NY 14203
Russell Toney director 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Christina M Alvord director 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Daniel A Halftermeyer officer: President, MC C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907, ALBANY NY 12201-1907
Christine L Standish director C/O ALBANY INTERNATIONAL CORP, PO BOX 1907, ALBANY NY 12201-1907
David M Pawlick officer: Vice President-Controller C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907, ALBANY NY 12201-1907
Alice Mccarvill officer: Exec VP Human Resources C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
Gregory N Harwell officer: President- AEC C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867

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