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Park Aerospace (Park Aerospace) Cyclically Adjusted Price-to-FCF : 29.52 (As of Apr. 28, 2024)


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What is Park Aerospace Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Park Aerospace's current share price is $14.76. Park Aerospace's Cyclically Adjusted FCF per Share for the quarter that ended in Nov. 2023 was $0.50. Park Aerospace's Cyclically Adjusted Price-to-FCF for today is 29.52.

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

PKE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.89   Med: 16.65   Max: 33.26
Current: 29.45

During the past years, Park Aerospace's highest Cyclically Adjusted Price-to-FCF was 33.26. The lowest was 9.89. And the median was 16.65.

PKE's Cyclically Adjusted Price-to-FCF is ranked better than
59.09% of 110 companies
in the Aerospace & Defense industry
Industry Median: 35.485 vs PKE: 29.45

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.

Park Aerospace's adjusted free cash flow per share data for the three months ended in Nov. 2023 was $0.081. 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 $0.50 for the trailing ten years ended in Nov. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Park Aerospace Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Park Aerospace'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.

Park Aerospace Cyclically Adjusted Price-to-FCF Chart

Park Aerospace Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.58 14.69 18.18 20.48 25.94

Park Aerospace Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 20.59 25.94 21.74 24.64 30.09

Competitive Comparison of Park Aerospace's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Park Aerospace'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.


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

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

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



Park Aerospace 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.76/0.5
=29.52

* 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.

Park Aerospace's Cyclically Adjusted FCF per Share for the quarter that ended in Nov. 2023 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Nov. 2023 (Change)*Current CPI (Nov. 2023)
=0.081/129.5481*129.5481
=0.081

Current CPI (Nov. 2023) = 129.5481.

Park Aerospace Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201402 0.353 99.057 0.462
201405 0.442 100.373 0.570
201408 0.410 100.352 0.529
201411 0.127 99.635 0.165
201502 0.382 99.032 0.500
201505 -0.291 100.333 -0.376
201508 0.381 100.548 0.491
201511 0.233 100.135 0.301
201602 0.350 100.040 0.453
201605 0.414 101.355 0.529
201608 0.017 101.617 0.022
201611 0.086 101.829 0.109
201702 0.130 102.779 0.164
201705 0.121 103.256 0.152
201708 -0.065 103.587 -0.081
201711 0.169 104.072 0.210
201802 -0.088 105.052 -0.109
201805 -0.013 106.148 -0.016
201808 0.176 106.383 0.214
201811 0.356 106.338 0.434
201902 -0.282 106.649 -0.343
201905 0.038 108.048 0.046
201908 -0.195 108.245 -0.233
201911 0.056 108.519 0.067
202002 0.022 109.139 0.026
202005 0.107 108.175 0.128
202008 -0.001 109.662 -0.001
202011 0.042 109.793 0.050
202102 0.121 110.968 0.141
202105 0.123 113.576 0.140
202108 -0.103 115.421 -0.116
202111 -0.038 117.269 -0.042
202202 0.203 119.703 0.220
202205 -0.002 123.323 -0.002
202208 -0.112 124.958 -0.116
202211 0.182 125.607 0.188
202302 0.198 126.928 0.202
202305 -0.002 128.314 -0.002
202308 -0.146 129.538 -0.146
202311 0.081 129.548 0.081

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.


Park Aerospace  (NYSE:PKE) 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.


Park Aerospace Cyclically Adjusted Price-to-FCF Related Terms

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


Park Aerospace (Park Aerospace) Business Description

Traded in Other Exchanges
Address
1400 Old Country Road, Suite 409N, Westbury, New York, NY, USA, 11590
Park Aerospace Corp designs develop and manufactures engineered, Advanced composite materials and composite structures and assemblies and low-volume tooling for the aerospace markets and prototype tooling for such structures and assemblies. It only operating business segments is Aerospace. Geographically, the company derives a majority of revenue from North America and also has a presence in a company operates its business in Asia and Europe. It offers Advanced Composite Prepregs for Aircraft Structures and Interiors, Sigma Strut and Alpha Strut.
Executives
Shane Connor director 10510 SPRINGBORO PIKE, MIAMISBURG OH 45342
Nickel Cory officer: Sr VP and General Manager 816 N. BLAINE ST., NEWTON KS 67114
Dale Blanchfield director 128 HAWTHORNE ROAD, HOPKINS MN 55343
D. Bradley Thress director 250 WEST SPRING STREET, UNIT 615, COLUMBUS OH 43215
Brian E Shore director, officer: President and CEO
Emily J Groehl officer: Sr. VP, Sales and Marketing
Mark A Esquivel officer: Vice President - Aerospace 48 SOUTH SERVICE ROAD, MELVILLE NY 11747
Yvonne Julian director 225 HIDDEN HILLS DRIVE, GREENVILLE SC 29605
Steven T Warshaw director
Stephen E Gilhuley officer: Senior Vice President, Secreta
P. Matthew Farabaugh officer: Vice President and Controller PARK ELECTROCHEMICAL CORP., 48 SOUTH SERVICE ROAD, SUITE 300, MELVILLE X1 11747
Benjamin Wykoff Shore officer: Senior Vice President 31 HARBOR PARK DRIVE, CENTERPORT NY 11721
Robert J Yaniro officer: VP and Corporate Controller 48 SOUTH SERVICE ROAD, MELVILLE NY 11747
Carl William Smith director 10044 E. NACOMA CT., SUN LAKE AZ 85248
Christopher T. Mastrogiacomo officer: V P of Strategic Marketing 48 SOUTH SERVICE ROAD, SUITE 300, MELVILLE NY 11747

Park Aerospace (Park Aerospace) Headlines