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Deutsche Lufthansa AG (BUD:LUFTHANSA) Cyclically Adjusted FCF per Share : Ft47.41 (As of Mar. 2024)


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What is Deutsche Lufthansa AG 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.

Deutsche Lufthansa AG's adjusted free cash flow per share for the three months ended in Mar. 2024 was Ft103.704. 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 Ft47.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Deutsche Lufthansa AG's average Cyclically Adjusted FCF Growth Rate was -29.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -10.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -36.30% 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 Deutsche Lufthansa AG was -10.60% per year. The lowest was -62.70% per year. And the median was -38.10% per year.

As of today (2024-06-02), Deutsche Lufthansa AG's current stock price is Ft2490.00. Deutsche Lufthansa AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Ft47.41. Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF of today is 52.52.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deutsche Lufthansa AG was 188.60. The lowest was 6.10. And the median was 24.56.


Deutsche Lufthansa AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Deutsche Lufthansa AG'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.

Deutsche Lufthansa AG Cyclically Adjusted FCF per Share Chart

Deutsche Lufthansa AG 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 255.35 50.18 14.69 72.56 38.15

Deutsche Lufthansa AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 64.56 30.06 35.16 38.15 47.41

Competitive Comparison of Deutsche Lufthansa AG's Cyclically Adjusted FCF per Share

For the Airlines subindustry, Deutsche Lufthansa AG'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.


Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF falls into.



Deutsche Lufthansa AG 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, Deutsche Lufthansa AG'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)
=103.704/125.0381*125.0381
=103.704

Current CPI (Mar. 2024) = 125.0381.

Deutsche Lufthansa AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 142.227 99.543 178.655
201409 -287.932 99.823 -360.665
201412 -423.662 99.543 -532.173
201503 305.592 99.717 383.192
201506 239.236 100.417 297.895
201509 81.712 100.417 101.747
201512 -273.702 99.717 -343.204
201603 281.762 100.017 352.251
201606 305.910 100.717 379.782
201609 193.068 101.017 238.979
201612 -261.574 101.217 -323.135
201703 462.350 101.417 570.037
201706 566.730 102.117 693.938
201709 407.267 102.717 495.768
201712 -323.096 102.617 -393.690
201803 516.203 102.917 627.155
201806 86.704 104.017 104.226
201809 92.900 104.718 110.927
201812 -641.584 104.217 -769.761
201903 151.698 104.217 182.004
201906 27.670 105.718 32.727
201909 289.370 106.018 341.285
201912 -279.145 105.818 -329.848
202003 357.598 105.718 422.951
202006 -677.733 106.618 -794.825
202009 -1,096.011 105.818 -1,295.088
202012 -710.657 105.518 -842.127
202103 -659.241 107.518 -766.665
202106 263.130 108.486 303.277
202109 52.751 109.435 60.272
202112 -161.520 110.384 -182.964
202203 269.877 113.968 296.091
202206 701.129 115.760 757.321
202209 131.421 118.818 138.301
202212 -249.088 119.345 -260.970
202303 160.763 122.402 164.225
202306 187.072 123.140 189.955
202309 146.146 124.195 147.139
202312 -230.185 123.773 -232.538
202403 103.704 125.038 103.704

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


Deutsche Lufthansa AG  (BUD:LUFTHANSA) 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.

Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2490.00/47.41
=52.52

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deutsche Lufthansa AG was 188.60. The lowest was 6.10. And the median was 24.56.


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.


Deutsche Lufthansa AG Cyclically Adjusted FCF per Share Related Terms

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


Deutsche Lufthansa AG (BUD:LUFTHANSA) Business Description

Address
Lufthansa Aviation Center, Airportring, Frankfurt, HE, DEU, 60546
Deutsche Lufthansa AG is a European airline group. The company's segment includes Passenger Airlines; Logistics; MRO and Catering. It generates maximum revenue from the Passenger Airlines segment. The Passenger Airlines segment comprises Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings, including the equity interest in SunExpress. Geographically, it derives a majority of its revenue from Europe.

Deutsche Lufthansa AG (BUD:LUFTHANSA) Headlines

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