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Air Products & Chemicals (MEX:APD) Cyclically Adjusted FCF per Share : MXN14.38 (As of Mar. 2025)


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What is Air Products & Chemicals 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.

Air Products & Chemicals's adjusted free cash flow per share for the three months ended in Mar. 2025 was MXN-143.556. 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 MXN14.38 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Air Products & Chemicals's average Cyclically Adjusted FCF Growth Rate was -77.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -19.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -6.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.60% 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 Air Products & Chemicals was 61.30% per year. The lowest was -34.10% per year. And the median was 8.10% per year.

As of today (2025-05-20), Air Products & Chemicals's current stock price is MXN5347.84. Air Products & Chemicals's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN14.38. Air Products & Chemicals's Cyclically Adjusted Price-to-FCF of today is 371.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Air Products & Chemicals was 392.86. The lowest was 41.78. And the median was 60.50.


Air Products & Chemicals Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Air Products & Chemicals'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.

Air Products & Chemicals Cyclically Adjusted FCF per Share Chart

Air Products & Chemicals Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.34 93.78 92.43 73.35 42.01

Air Products & Chemicals 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 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 49.72 59.82 42.01 32.46 14.38

Competitive Comparison of Air Products & Chemicals's Cyclically Adjusted FCF per Share

For the Specialty Chemicals subindustry, Air Products & Chemicals'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.


Air Products & Chemicals's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Products & Chemicals's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Air Products & Chemicals's Cyclically Adjusted Price-to-FCF falls into.


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Air Products & Chemicals 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, Air Products & Chemicals'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)
=-143.556/134.9266*134.9266
=-143.556

Current CPI (Mar. 2025) = 134.9266.

Air Products & Chemicals Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 26.747 100.684 35.844
201509 46.438 100.392 62.413
201512 25.737 99.792 34.798
201603 21.677 100.470 29.111
201606 41.507 101.688 55.074
201609 58.439 101.861 77.409
201612 25.853 101.863 34.245
201703 -40.049 102.862 -52.533
201706 18.948 103.349 24.737
201709 39.954 104.136 51.768
201712 26.759 104.011 34.713
201803 18.933 105.290 24.262
201806 13.779 106.317 17.487
201809 23.747 106.507 30.084
201812 22.371 105.998 28.476
201903 6.177 107.251 7.771
201906 15.019 108.070 18.751
201909 43.038 108.329 53.605
201912 18.614 108.420 23.165
202003 9.345 108.902 11.578
202006 -35.277 108.767 -43.761
202009 78.277 109.815 96.177
202012 9.875 109.897 12.124
202103 22.848 111.754 27.586
202106 27.609 114.631 32.497
202109 19.398 115.734 22.615
202112 11.188 117.630 12.833
202203 -22.372 121.301 -24.885
202206 18.328 125.017 19.781
202209 20.757 125.227 22.365
202212 -10.063 125.222 -10.843
202303 -29.802 127.348 -31.576
202306 -36.704 128.729 -38.471
202309 -35.980 129.860 -37.384
202312 -62.389 129.419 -65.044
202403 -64.664 131.776 -66.210
202406 -28.385 132.554 -28.893
202409 -98.823 133.029 -100.233
202412 -122.187 133.157 -123.811
202503 -143.556 134.927 -143.556

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


Air Products & Chemicals  (MEX:APD) 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.

Air Products & Chemicals's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5347.84/14.38
=371.89

* 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 Air Products & Chemicals was 392.86. The lowest was 41.78. And the median was 60.50.


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.


Air Products & Chemicals Cyclically Adjusted FCF per Share Related Terms

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


Air Products & Chemicals Business Description

Address
1940 Air Products Boulevard, Allentown, PA, USA, 18106-5500
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.1 billion in revenue in fiscal 2024.