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Deutsche Lufthansa AG (MIL:1LHA) Cyclically Adjusted FCF per Share : €0.20 (As of Sep. 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 Sep. 2024 was €-0.089. 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 €0.20 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Deutsche Lufthansa AG's average Cyclically Adjusted FCF Growth Rate was 122.20% 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 (2024-12-12), Deutsche Lufthansa AG's current stock price is €6.574. Deutsche Lufthansa AG's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was €0.20. Deutsche Lufthansa AG's Cyclically Adjusted Price-to-FCF of today is 32.87.

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 30.28.


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 1.07 0.20 0.04 0.18 0.10

Deutsche Lufthansa AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.09 0.10 0.12 0.13 0.20

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 Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.089/126.1978*126.1978
=-0.089

Current CPI (Sep. 2024) = 126.1978.

Deutsche Lufthansa AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.957 99.543 -1.213
201503 0.787 99.717 0.996
201506 0.594 100.417 0.747
201509 0.203 100.417 0.255
201512 -0.700 99.717 -0.886
201603 0.705 100.017 0.890
201606 0.758 100.717 0.950
201609 0.479 101.017 0.598
201612 -0.691 101.217 -0.862
201703 1.204 101.417 1.498
201706 1.405 102.117 1.736
201709 0.952 102.717 1.170
201712 -0.760 102.617 -0.935
201803 1.166 102.917 1.430
201806 0.207 104.017 0.251
201809 0.222 104.718 0.268
201812 -1.571 104.217 -1.902
201903 0.374 104.217 0.453
201906 0.068 105.718 0.081
201909 0.732 106.018 0.871
201912 -0.700 105.818 -0.835
202003 0.901 105.718 1.076
202006 -1.676 106.618 -1.984
202009 -2.592 105.818 -3.091
202012 -1.627 105.518 -1.946
202103 -1.542 107.518 -1.810
202106 0.608 108.486 0.707
202109 0.125 109.435 0.144
202112 -0.398 110.384 -0.455
202203 0.683 113.968 0.756
202206 1.847 115.760 2.014
202209 0.370 118.818 0.393
202212 -0.655 119.345 -0.693
202303 0.418 122.402 0.431
202306 0.481 123.140 0.493
202309 0.383 124.195 0.389
202312 -0.588 123.773 -0.600
202403 0.266 125.038 0.268
202406 0.431 125.882 0.432
202409 -0.089 126.198 -0.089

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


Deutsche Lufthansa AG  (MIL:1LHA) 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
=6.574/0.2
=32.87

* 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 30.28.


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 Business Description

Industry
Address
Venloer Street 151-153, Cologne, NW, DEU, 50672
Lufthansa AG is a European airline group. The company's segments include passenger airlines, logistics, and MRO. The passenger airlines segment includes 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 Headlines

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