Aena SME (MEX:AENA N) Cyclically Adjusted FCF per Share: MXN15.14 (As of Jun. 2026)

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MEX:AENA N Aena SME SA MEX:AENA N
95 GF Score
Price MXN498.26
GF Value MXN476.97
! 6 Warning Signs
View Full Analysis

What is Aena SME Cyclically Adjusted FCF per Share?

Aena SME MEX:AENA N 95 Cyclically Adjusted FCF per Share is MXN15.14 as of Jun. 2026. GuruFocus rates MEX:AENA N with a GF Score™ of 95/100 and a GF Value™ of MXN476.97. The stock has 6 warning signs investors should review.

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.

Aena SME's adjusted free cash flow per share for the three months ended in Jun. 2026 was MXN5.607. 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 MXN15.14 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.00% 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 Aena SME was 4.00% per year. The lowest was 4.00% per year. And the median was 4.00% per year.

As of today (2026-08-04), Aena SME's current stock price is MXN498.26. Aena SME's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was MXN15.14. Aena SME's Cyclically Adjusted Price-to-FCF of today is 32.91.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Aena SME was 34.19. The lowest was 17.74. And the median was 25.66.


Aena SME  (MEX:AENA N) 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.

Aena SME's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=498.26/15.14
=32.91

* 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 Aena SME was 34.19. The lowest was 17.74. And the median was 25.66.


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.


Aena SME Cyclically Adjusted FCF per Share Related Terms


Aena SME Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Aena SME'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.

Aena SME Cyclically Adjusted FCF per Share Chart

Aena SME Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 16.39 11.81 12.93 17.12

Aena SME Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 18.00 17.74 17.12 17.04 15.14

MEX:AENA N vs JOBY, CAAP: Cyclically Adjusted FCF per Share Comparison

For the Airports & Air Services subindustry, Aena SME'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.


Aena SME Cyclically Adjusted Price-to-FCF vs Transportation Industry

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

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


MEX:AENA N
95GF Score
Aena SME SA MEX:AENA N
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aena SME 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, Aena SME's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.607/131.3300*131.3300
=5.607

Current CPI (Jun. 2026) = 131.3300.

Aena SME Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 9.050 99.737 11.917
201612 0.423 101.842 0.545
201703 6.797 100.896 8.847
201706 5.723 101.848 7.380
201709 9.371 101.524 12.122
201712 1.037 102.975 1.323
201803 4.960 102.122 6.379
201806 6.177 104.165 7.788
201809 9.294 103.818 11.757
201812 0.791 104.193 0.997
201903 6.104 103.488 7.746
201906 6.101 104.612 7.659
201909 2.843 103.905 3.593
201912 0.763 105.015 0.954
202003 4.542 103.469 5.765
202006 -4.780 104.254 -6.021
202009 -0.726 103.521 -0.921
202012 -5.060 104.456 -6.362
202103 -4.699 104.857 -5.885
202106 -4.404 107.102 -5.400
202109 1.240 107.669 1.513
202112 1.509 111.298 1.781
202203 1.238 115.153 1.412
202206 4.470 118.044 4.973
202209 8.167 117.221 9.150
202212 1.627 117.650 1.816
202303 1.497 118.948 1.653
202306 -1.382 120.278 -1.509
202309 8.625 121.343 9.335
202312 1.672 121.300 1.810
202403 5.700 122.762 6.098
202406 6.133 124.409 6.474
202409 11.510 123.121 12.277
202412 2.817 124.753 2.966
202503 9.063 125.531 9.482
202506 5.487 127.251 5.663
202509 11.769 126.840 12.186
202512 -1.144 128.400 -1.170
202603 8.486 129.860 8.582
202606 5.607 131.330 5.607

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

What does a Cyclically Adjusted FCF per Share of MXN15.14 mean?
Aena SME (MEX:AENA N) has a Cyclically Adjusted FCF per Share of MXN15.14 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Aena SME and its competitors.
Is Aena SME's Cyclically Adjusted FCF per Share too high?
Aena SME's current Cyclically Adjusted FCF per Share is MXN15.14. Overall, Aena SME has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Aena SME's Cyclically Adjusted FCF per Share compare to JOBY and CAAP?
Aena SME's Cyclically Adjusted FCF per Share of MXN15.14 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Transportation company?
A good Cyclically Adjusted FCF per Share depends on the Transportation industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Aena SME and its competitors. Aena SME's current Cyclically Adjusted FCF per Share is MXN15.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aena SME stock overvalued right now?
Aena SME (MEX:AENA N) has a current Cyclically Adjusted FCF per Share of MXN15.14. The stock's GF Value™ is MXN476.97, compared to a current price of MXN498.26 — trading 4.5% above its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN15.14. Aena SME's overall GF Score™ is 95/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Aena SME (MEX:AENA N), the current Cyclically Adjusted FCF per Share is MXN15.14 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Aena SME (MEX:AENA N) Overvalued in 2026?

Based on GuruFocus' analysis, Aena SME stock appears to be overvalued. The current stock price of MXN498.26 is trading 4.5% above its estimated GF Value™ of MXN476.97.

Key valuation signals for MEX:AENA N:

  • Cyclically Adjusted FCF per Share: MXN15.14
  • GF Value™: MXN476.97 vs. price of MXN498.26 (4.5% above fair value)
  • GF Score™: 95/100 with 6 warning signs

No single metric tells the full story. See the MEX:AENA N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aena SME Business Description

Address Calle Peonias, 12, Madrid, ESP, 28042
Aena's 46 airports in Spain handle 99.9% of the country's air traffic. Its three busiest airports—Madrid-Barajas, Barcelona-El Prat, and Palma de Mallorca—account for roughly half of Spain's passengers. The dual-till framework in Spain leaves its commercial and real estate businesses completely unregulated, allowing the group to monetize its passenger flow and earn economic rents. It is launching a transformational EUR 13 billion DORA III investment cycle (2027-31) to expand capacity across its Spanish network. The group also controls three airports in the UK (Luton, Leeds Bradford, and Newcastle) and 18 airports in Brazil. It has minority holdings in 12 airports in Mexico and two in Jamaica through its 6.4% look-through stake in Grupo Aeroportuario del Pacifico.
95GF Score

Get the complete analysis for MEX:AENA N

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN498.26
Price
MXN476.97
GF Value