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Air France-KLM (XBUL:AFR0) Cyclically Adjusted FCF per Share : лв-0.04 (As of Mar. 2025)


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What is Air France-KLM 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 France-KLM's adjusted free cash flow per share for the three months ended in Mar. 2025 was лв4.567. 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 лв-0.04 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 41.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 24.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 31.60% 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 France-KLM was 57.30% per year. The lowest was 7.90% per year. And the median was 29.60% per year.

As of today (2025-05-27), Air France-KLM's current stock price is лв8.176. Air France-KLM's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was лв-0.04. Air France-KLM's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Air France-KLM was 497.83. The lowest was 121.50. And the median was 410.33.


Air France-KLM Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Air France-KLM'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 France-KLM Cyclically Adjusted FCF per Share Chart

Air France-KLM 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 - - - - -0.42

Air France-KLM 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 - -1.80 -0.90 -0.42 -0.04

Competitive Comparison of Air France-KLM's Cyclically Adjusted FCF per Share

For the Airlines subindustry, Air France-KLM'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 France-KLM's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

* The bar in red indicates where Air France-KLM's Cyclically Adjusted Price-to-FCF falls into.


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Air France-KLM 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 France-KLM'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)
=4.567/120.3800*120.3800
=4.567

Current CPI (Mar. 2025) = 120.3800.

Air France-KLM Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 10.019 100.440 12.008
201509 7.884 99.950 9.496
201512 -6.801 100.040 -8.184
201603 4.591 100.020 5.526
201606 4.871 100.630 5.827
201609 -3.296 100.340 -3.954
201612 0.969 100.650 1.159
201703 17.508 101.170 20.832
201706 12.884 101.320 15.308
201709 10.275 101.330 12.207
201712 2.313 101.850 2.734
201803 9.140 102.750 10.708
201806 6.040 103.370 7.034
201809 3.682 103.560 4.280
201812 4.808 103.470 5.594
201903 10.563 103.890 12.240
201906 7.453 104.580 8.579
201909 0.090 104.500 0.104
201912 -6.628 104.980 -7.600
202003 -13.226 104.590 -15.223
202006 -11.591 104.790 -13.315
202009 -23.477 104.550 -27.032
202012 -46.045 104.960 -52.810
202103 -32.604 105.750 -37.115
202106 1.436 106.340 1.626
202109 5.986 106.810 6.747
202112 3.419 107.850 3.816
202203 10.116 110.490 11.021
202206 10.308 112.550 11.025
202209 1.988 112.740 2.123
202212 -3.870 114.160 -4.081
202303 0.727 116.790 0.749
202306 0.501 117.650 0.513
202309 -0.253 118.260 -0.258
202312 -10.969 118.390 -11.153
202403 0.751 119.470 0.757
202406 -3.762 120.200 -3.768
202409 0.316 119.560 0.318
202412 0.901 119.950 0.904
202503 4.567 120.380 4.567

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


Air France-KLM  (XBUL:AFR0) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Air France-KLM was 497.83. The lowest was 121.50. And the median was 410.33.


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 France-KLM Cyclically Adjusted FCF per Share Related Terms

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


Air France-KLM Business Description

Industry
Address
7 Rue du Cirque, Paris, FRA, 75008
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and others. The network segment derives key revenue that includes the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.

Air France-KLM Headlines

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