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General Dynamics (FRA:GDX) Cyclically Adjusted FCF per Share : €10.35 (As of Mar. 2024)


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What is General Dynamics 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.

General Dynamics's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-1.451. 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 €10.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, General Dynamics's average Cyclically Adjusted FCF Growth Rate was 1.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.20% 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 General Dynamics was 30.80% per year. The lowest was -12.50% per year. And the median was 7.40% per year.

As of today (2024-06-25), General Dynamics's current stock price is €278.60. General Dynamics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €10.35. General Dynamics's Cyclically Adjusted Price-to-FCF of today is 26.92.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of General Dynamics was 29.07. The lowest was 12.55. And the median was 21.11.


General Dynamics Cyclically Adjusted FCF per Share Historical Data

The historical data trend for General Dynamics'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.

General Dynamics Cyclically Adjusted FCF per Share Chart

General Dynamics 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 7.37 6.86 8.25 9.86 10.06

General Dynamics 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 9.97 10.22 10.87 10.06 10.35

Competitive Comparison of General Dynamics's Cyclically Adjusted FCF per Share

For the Aerospace & Defense subindustry, General Dynamics'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.


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

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

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



General Dynamics 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, General Dynamics'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)
=-1.451/131.7762*131.7762
=-1.451

Current CPI (Mar. 2024) = 131.7762.

General Dynamics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.711 100.560 2.242
201409 5.344 100.428 7.012
201412 -0.372 99.070 -0.495
201503 1.786 99.621 2.362
201506 1.602 100.684 2.097
201509 1.846 100.392 2.423
201512 0.369 99.792 0.487
201603 1.189 100.470 1.559
201606 0.930 101.688 1.205
201609 1.119 101.861 1.448
201612 1.978 101.863 2.559
201703 1.433 102.862 1.836
201706 1.125 103.349 1.434
201709 2.077 104.136 2.628
201712 5.145 104.011 6.518
201803 -1.616 105.290 -2.023
201806 1.745 106.317 2.163
201809 1.782 106.507 2.205
201812 5.409 105.998 6.724
201903 -2.969 107.251 -3.648
201906 0.335 108.070 0.408
201909 2.644 108.329 3.216
201912 6.229 108.420 7.571
202003 -2.656 108.902 -3.214
202006 1.925 108.767 2.332
202009 2.669 109.815 3.203
202012 6.340 109.897 7.602
202103 -0.386 111.754 -0.455
202106 2.773 114.631 3.188
202109 3.865 115.734 4.401
202112 4.088 117.630 4.580
202203 5.926 121.301 6.438
202206 1.475 125.017 1.555
202209 3.757 125.227 3.954
202212 0.595 125.222 0.626
202303 4.392 127.348 4.545
202306 1.741 128.729 1.782
202309 3.731 129.860 3.786
202312 2.958 129.419 3.012
202403 -1.451 131.776 -1.451

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


General Dynamics  (FRA:GDX) 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.

General Dynamics's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=278.60/10.35
=26.92

* 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 General Dynamics was 29.07. The lowest was 12.55. And the median was 21.11.


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.


General Dynamics Cyclically Adjusted FCF per Share Related Terms

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


General Dynamics (FRA:GDX) Business Description

Address
11011 Sunset Hills Road, Reston, VA, USA, 20190
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment creates Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment creates and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.

General Dynamics (FRA:GDX) Headlines

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