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Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Intrinsic Value: Projected FCF : $-18.84 (As of Apr. 26, 2024)


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What is Spirit AeroSystems Holdings Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-26), Spirit AeroSystems Holdings's Intrinsic Value: Projected FCF is $-18.84. The stock price of Spirit AeroSystems Holdings is $32.44. Therefore, Spirit AeroSystems Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Spirit AeroSystems Holdings's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Spirit AeroSystems Holdings was 7.88. The lowest was 1.11. And the median was 1.72.

SPR's Price-to-Projected-FCF is not ranked *
in the Aerospace & Defense industry.
Industry Median: 1.935
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Spirit AeroSystems Holdings Intrinsic Value: Projected FCF Historical Data

The historical data trend for Spirit AeroSystems Holdings's Intrinsic Value: Projected 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.

Spirit AeroSystems Holdings Intrinsic Value: Projected FCF Chart

Spirit AeroSystems Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.16 35.31 18.82 -3.81 -18.84

Spirit AeroSystems Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected 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 -3.81 -7.85 -14.11 -21.30 -18.84

Competitive Comparison of Spirit AeroSystems Holdings's Intrinsic Value: Projected FCF

For the Aerospace & Defense subindustry, Spirit AeroSystems Holdings's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.


Spirit AeroSystems Holdings's Price-to-Projected-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Spirit AeroSystems Holdings's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Spirit AeroSystems Holdings's Price-to-Projected-FCF falls into.



Spirit AeroSystems Holdings Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Spirit AeroSystems Holdings's Free Cash Flow(6 year avg) = $-154.19.

Spirit AeroSystems Holdings's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)/0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-154.192+-499.7/0.8)/111.100
=-18.84

* 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.


Spirit AeroSystems Holdings  (NYSE:SPR) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Spirit AeroSystems Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=32.44/-18.835166996265
=

* 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.


Spirit AeroSystems Holdings Intrinsic Value: Projected FCF Related Terms

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Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Business Description

Traded in Other Exchanges
Address
3801 South Oliver Street, Wichita, KS, USA, 67210
Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.
Executives
Alan W Young officer: SVP Fab & Procurement Officer 3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Sean Black officer: SVP, Engineering 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mindy Mcpheeters officer: SVP, GC/Corp Sec 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Justin Welner officer: SVP, CAO & CCO 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mark Miklos officer: SVP, Defense & Space 3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Kailash Krishnaswamy officer: SVP, Aftermarket 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Robert D Johnson director HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Ray James R Jr director COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Fitzgerald William Augustus Iii director 3801 S OLIVER, MC K11-60, WICHITA KS 67210
Patrick M Shanahan director C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122
Terry J George officer: SVP, Boeing 737 Program 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Damon Christopher Ward officer: Interim Corporate Controller 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Stephen Anthony Cambone director 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mcmullen Victor Rodney Jr officer: SVP, Wichita & Oklahoma Ops 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Scott Mclarty officer: SVP, Airbus Programs 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210