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ENAV SpA (MIL:ENAV) Cyclically Adjusted FCF per Share : €0.33 (As of Mar. 2025)


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What is ENAV SpA 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.

ENAV SpA's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.098. 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 €0.33 for the trailing ten years ended in Mar. 2025.

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.

As of today (2025-05-28), ENAV SpA's current stock price is €4.196. ENAV SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.33. ENAV SpA's Cyclically Adjusted Price-to-FCF of today is 12.72.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of ENAV SpA was 14.07. The lowest was 10.61. And the median was 13.00.


ENAV SpA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for ENAV SpA'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.

ENAV SpA Cyclically Adjusted FCF per Share Chart

ENAV SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.31

ENAV SpA 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 - 0.29 0.30 0.31 0.33

Competitive Comparison of ENAV SpA's Cyclically Adjusted FCF per Share

For the Airports & Air Services subindustry, ENAV SpA'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.


ENAV SpA's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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


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ENAV SpA 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, ENAV SpA'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)
=0.098/122.5000*122.5000
=0.098

Current CPI (Mar. 2025) = 122.5000.

ENAV SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.013 100.279 0.016
201509 0.089 100.000 0.109
201512 0.098 99.814 0.120
201603 0.098 99.600 0.121
201606 -0.013 99.900 -0.016
201609 0.193 100.100 0.236
201612 0.139 100.300 0.170
201703 0.046 101.000 0.056
201706 -0.009 101.100 -0.011
201709 0.217 101.200 0.263
201712 0.103 101.200 0.125
201803 0.099 101.800 0.119
201806 0.042 102.400 0.050
201809 0.280 102.600 0.334
201812 0.148 102.300 0.177
201903 0.132 102.800 0.157
201906 0.065 103.100 0.077
201909 0.270 102.900 0.321
201912 0.165 102.800 0.197
202003 0.102 102.900 0.121
202006 -0.232 102.900 -0.276
202009 -0.232 102.300 -0.278
202012 0.042 102.600 0.050
202103 -0.111 103.700 -0.131
202106 -0.190 104.200 -0.223
202109 -0.044 104.900 -0.051
202112 -0.002 106.600 -0.002
202203 0.011 110.400 0.012
202206 -0.034 112.500 -0.037
202209 0.209 114.200 0.224
202212 0.199 119.000 0.205
202303 0.070 118.800 0.072
202306 -0.015 119.700 -0.015
202309 0.206 120.300 0.210
202312 0.129 119.700 0.132
202403 0.092 120.200 0.094
202406 0.031 120.700 0.031
202409 0.223 121.200 0.225
202412 0.167 121.200 0.169
202503 0.098 122.500 0.098

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


ENAV SpA  (MIL:ENAV) 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.

ENAV SpA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=4.196/0.33
=12.72

* 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 12 years, the highest Cyclically Adjusted Price-to-FCF of ENAV SpA was 14.07. The lowest was 10.61. And the median was 13.00.


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.


ENAV SpA Cyclically Adjusted FCF per Share Related Terms

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


ENAV SpA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ENAV SpA (MIL:ENAV) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
Via Salaria 716, Rome, ITA, 00138
ENAV SpA is an air traffic controlling firm. The company's operating segment includes flight assistance services, Maintenance services and AIM software solutions. It generates maximum revenue from the Flight assistance services segment. Geographically, it derives a majority of revenue from Italy.

ENAV SpA Headlines