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Flughafen Wien Ag (WBO:FLU) Cyclically Adjusted FCF per Share : €3.44 (As of Sep. 2023)


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What is Flughafen Wien 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.

Flughafen Wien Ag's adjusted free cash flow per share for the three months ended in Sep. 2023 was €1.051. 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 €3.44 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Flughafen Wien Ag's average Cyclically Adjusted FCF Growth Rate was 10.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.30% 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 Flughafen Wien Ag was 12.60% per year. The lowest was 8.40% per year. And the median was 12.30% per year.

As of today (2024-05-01), Flughafen Wien Ag's current stock price is €50.40. Flughafen Wien Ag's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was €3.44. Flughafen Wien Ag's Cyclically Adjusted Price-to-FCF of today is 14.65.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Flughafen Wien Ag was 20.37. The lowest was 8.20. And the median was 12.48.


Flughafen Wien Ag Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Flughafen Wien 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.

Flughafen Wien Ag Cyclically Adjusted FCF per Share Chart

Flughafen Wien Ag Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.97 2.53 2.51 2.81 3.22

Flughafen Wien Ag Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 3.12 3.22 3.33 3.43 3.44

Competitive Comparison of Flughafen Wien Ag's Cyclically Adjusted FCF per Share

For the Airports & Air Services subindustry, Flughafen Wien 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.


Flughafen Wien Ag's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

* The bar in red indicates where Flughafen Wien Ag's Cyclically Adjusted Price-to-FCF falls into.



Flughafen Wien 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, Flughafen Wien Ag's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=1.051/131.2719*131.2719
=1.051

Current CPI (Sep. 2023) = 131.2719.

Flughafen Wien Ag Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.395 98.682 0.525
201403 0.556 99.044 0.737
201406 0.687 99.496 0.906
201409 0.980 99.586 1.292
201412 0.402 99.676 0.529
201503 0.505 99.992 0.663
201506 0.808 100.492 1.055
201509 0.915 100.292 1.198
201512 0.807 100.692 1.052
201603 0.728 100.692 0.949
201606 0.868 101.092 1.127
201609 0.919 101.192 1.192
201612 0.512 102.092 0.658
201703 0.792 102.592 1.013
201706 0.835 102.991 1.064
201709 1.217 103.591 1.542
201712 0.482 104.291 0.607
201803 0.630 104.491 0.791
201806 0.904 105.091 1.129
201809 1.158 105.691 1.438
201812 0.773 106.291 0.955
201903 0.861 106.391 1.062
201906 0.996 106.791 1.224
201909 1.544 106.991 1.894
201912 1.041 108.091 1.264
202003 0.047 108.024 0.057
202006 -0.397 107.915 -0.483
202009 0.002 108.348 0.002
202012 -0.194 109.321 -0.233
202103 -0.135 110.186 -0.161
202106 0.247 110.943 0.292
202109 0.401 111.916 0.470
202112 0.747 113.971 0.860
202203 0.255 117.647 0.285
202206 0.897 120.567 0.977
202209 1.645 123.811 1.744
202212 1.229 125.541 1.285
202303 1.069 128.461 1.092
202306 1.291 130.191 1.302
202309 1.051 131.272 1.051

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


Flughafen Wien Ag  (WBO:FLU) 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.

Flughafen Wien Ag's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=50.40/3.44
=14.65

* 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 Flughafen Wien Ag was 20.37. The lowest was 8.20. And the median was 12.48.


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.


Flughafen Wien Ag Cyclically Adjusted FCF per Share Related Terms

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


Flughafen Wien Ag (WBO:FLU) Business Description

Industry
Traded in Other Exchanges
Address
Vienna Airport, P.O. Box 1, Wien, AUT, A-1300
Flughafen Wien Ag manages and operates an airport. The company's segment includes Airport; Handling and Security Services; Retail and Properties; Malta and other. It generates maximum revenue from the Airport segment.

Flughafen Wien Ag (WBO:FLU) Headlines

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