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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.
Astronics's adjusted free cash flow per share for the three months ended in Mar. 2025 was $0.432. 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 $0.61 for the trailing ten years ended in Mar. 2025.
During the past 12 months, Astronics's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -16.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -9.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 1.90% 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 Astronics was 128.90% per year. The lowest was -35.60% per year. And the median was 2.70% per year.
As of today (2025-05-13), Astronics's current stock price is $29.78. Astronics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $0.61. Astronics's Cyclically Adjusted Price-to-FCF of today is 48.82.
During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Astronics was 80.81. The lowest was 5.98. And the median was 26.86.
The historical data trend for Astronics'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.
Astronics Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Cyclically Adjusted FCF per Share | Get a 7-Day Free Trial |
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1.07 | 1.07 | 0.99 | 0.76 | 0.63 |
Astronics Quarterly Data | ||||||||||||||||||||
Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | Mar25 | |
Cyclically Adjusted FCF per Share | Get a 7-Day Free Trial |
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0.83 | 0.76 | 0.65 | 0.63 | 0.61 |
For the Aerospace & Defense subindustry, Astronics'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.
For the Aerospace & Defense industry and Industrials sector, Astronics's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Astronics's Cyclically Adjusted Price-to-FCF falls into.
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, Astronics's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Mar. 2025 (Change) | * | Current CPI (Mar. 2025) |
= | 0.432 | / | 134.9266 | * | 134.9266 | |
= | 0.432 |
Current CPI (Mar. 2025) = 134.9266.
Astronics Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201506 | -0.320 | 100.684 | -0.429 |
201509 | 0.469 | 100.392 | 0.630 |
201512 | 0.962 | 99.792 | 1.301 |
201603 | -0.055 | 100.470 | -0.074 |
201606 | 0.548 | 101.688 | 0.727 |
201609 | -0.054 | 101.861 | -0.072 |
201612 | 0.601 | 101.863 | 0.796 |
201703 | 0.104 | 102.862 | 0.136 |
201706 | -0.140 | 103.349 | -0.183 |
201709 | 0.414 | 104.136 | 0.536 |
201712 | 0.363 | 104.011 | 0.471 |
201803 | -0.164 | 105.290 | -0.210 |
201806 | 0.151 | 106.317 | 0.192 |
201809 | 0.101 | 106.507 | 0.128 |
201812 | 1.065 | 105.998 | 1.356 |
201903 | 0.237 | 107.251 | 0.298 |
201906 | -0.173 | 108.070 | -0.216 |
201909 | 0.591 | 108.329 | 0.736 |
201912 | 0.299 | 108.420 | 0.372 |
202003 | 0.664 | 108.902 | 0.823 |
202006 | 0.559 | 108.767 | 0.693 |
202009 | -0.380 | 109.815 | -0.467 |
202012 | 0.128 | 109.897 | 0.157 |
202103 | -0.284 | 111.754 | -0.343 |
202106 | 0.093 | 114.631 | 0.109 |
202109 | -0.557 | 115.734 | -0.649 |
202112 | 0.368 | 117.630 | 0.422 |
202203 | -0.026 | 121.301 | -0.029 |
202206 | -0.373 | 125.017 | -0.403 |
202209 | -0.949 | 125.227 | -1.023 |
202212 | 0.230 | 125.222 | 0.248 |
202303 | -0.638 | 127.348 | -0.676 |
202306 | -0.129 | 128.729 | -0.135 |
202309 | -0.102 | 129.860 | -0.106 |
202312 | -0.096 | 129.419 | -0.100 |
202403 | 0.013 | 131.776 | 0.013 |
202406 | -0.227 | 132.554 | -0.231 |
202409 | 0.186 | 133.029 | 0.189 |
202412 | 0.659 | 133.157 | 0.668 |
202503 | 0.432 | 134.927 | 0.432 |
Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.
Astronics (NAS:ATRO) 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.
Astronics's Cyclically Adjusted Price-to-FCF of today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 29.78 | / | 0.61 | |
= | 48.82 |
* 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 Astronics was 80.81. The lowest was 5.98. And the median was 26.86.
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.
Thank you for viewing the detailed overview of Astronics's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert S Keane | director, 10 percent owner | CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451 |
Mark Peabody | officer: VP Astronics Advanced Electron | 130 COMMERCE WAY, EAST AURORA NY 14052 |
Michael C Kuehn | officer: Executive Vice President | 130 COMMERCE WAY, EAST AURORA NY 14052 |
Linda O'brien | director | 6124 FOREST HIGHLANDS DR., FORT WORTH TX 76132 |
Warren C Johnson | director | P.O. BOX 189, 13133 BEAR ROAD, WALES CENTER NY 14169 |
Nancy L Hedges | officer: Principal Accounting Officer | 130 COMMERCE WAY, EAST AURORA NY 14052 |
Jeffry D Frisby | director | C/O QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 HECTOR STREET, CONSHOHOCKEN PA 19428 |
James Mulato | other: Pres Astronics Test Systems | 4 GOODYEAR, IRVINE CA 92677 |
Tonit M Calaway | director | HARLEY-DAVIDSON MOTOR COMPANY, 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208 |
David C Burney | officer: VP-Finance, Treasurer | 130 COMMERCE WAY, EAST AURORA NY 14052 |
Mark J Moran | director | 1600 SMITH STREET, HQSEO, HOUSTON TX 77002 |
James S Kramer | officer: VP Luminescent Systems, Inc. | 130 COMMERCE WAY, EAST AURORA NY 14052 |
Peter J Gundermann | director | 130 COMMERCE WAY, EAST AURORA NY 14052 |
Robert J Mckenna | director | 38 QUARTERMASTER DRIVE, SALEM SC 29676 |
5096 Saranac Llc | 10 percent owner | 1801 ELMWOOD AVENUE, SUITE 1, BUFFALO NY 14207-2463 |
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