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Korean Air Lines Co (XKRX:003495) Cyclically Adjusted FCF per Share : ₩9,778.54 (As of Dec. 2024)


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What is Korean Air Lines Co 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.

Korean Air Lines Co's adjusted free cash flow per share for the three months ended in Dec. 2024 was ₩1,694.270. 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 ₩9,778.54 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Korean Air Lines Co's average Cyclically Adjusted FCF Growth Rate was -2.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.00% 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 Korean Air Lines Co was 38.20% per year. The lowest was -5.00% per year. And the median was 1.80% per year.

As of today (2025-05-19), Korean Air Lines Co's current stock price is ₩23050.00. Korean Air Lines Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was ₩9,778.54. Korean Air Lines Co's Cyclically Adjusted Price-to-FCF of today is 2.36.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Korean Air Lines Co was 5.57. The lowest was 0.88. And the median was 2.43.


Korean Air Lines Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Korean Air Lines Co'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.

Korean Air Lines Co Cyclically Adjusted FCF per Share Chart

Korean Air Lines Co 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 20,978.83 12,800.24 13,418.20 10,424.12 9,778.54

Korean Air Lines Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 10,424.12 11,613.15 10,531.10 10,253.12 9,778.54

Competitive Comparison of Korean Air Lines Co's Cyclically Adjusted FCF per Share

For the Airlines subindustry, Korean Air Lines Co'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.


Korean Air Lines Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

* The bar in red indicates where Korean Air Lines Co's Cyclically Adjusted Price-to-FCF falls into.


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Korean Air Lines Co 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, Korean Air Lines Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1694.27/121.1352*121.1352
=1,694.270

Current CPI (Dec. 2024) = 121.1352.

Korean Air Lines Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 1,378.906 99.721 1,675.019
201506 5,341.938 100.051 6,467.688
201509 -1,469.682 100.111 -1,778.332
201512 3,560.469 100.220 4,303.496
201603 3,702.643 100.561 4,460.187
201606 4,000.139 100.791 4,807.563
201609 4,353.614 101.461 5,197.809
201612 2,402.580 101.561 2,865.629
201703 3,136.927 102.851 3,694.604
201706 1,291.314 102.611 1,524.428
201709 170.275 103.491 199.306
201712 2,548.456 102.991 2,997.430
201803 2,293.373 104.101 2,668.646
201806 3,495.136 104.130 4,065.906
201809 2,113.535 105.651 2,423.306
201812 2,815.134 104.351 3,267.940
201903 4,418.397 104.491 5,122.201
201906 1,248.301 104.881 1,441.761
201909 66.230 105.200 76.262
201912 2,316.882 105.121 2,669.830
202003 -3,039.350 105.354 -3,494.614
202006 2,940.461 105.112 3,388.709
202009 2,397.434 106.198 2,734.654
202012 1,077.382 105.765 1,233.947
202103 2,015.510 107.357 2,274.176
202106 1,775.350 107.579 1,999.072
202109 2,583.109 108.759 2,877.048
202112 3,245.395 109.676 3,584.468
202203 2,806.677 111.848 3,039.727
202206 4,905.333 114.072 5,209.052
202209 2,950.635 114.715 3,115.764
202212 2,550.523 115.179 2,682.412
202303 2,334.076 116.507 2,426.788
202306 2,105.049 117.182 2,176.062
202309 979.455 118.964 997.334
202312 455.489 118.837 464.297
202403 1,046.810 120.123 1,055.629
202406 1,215.356 120.007 1,226.779
202409 517.180 120.861 518.352
202412 1,694.270 121.135 1,694.270

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


Korean Air Lines Co  (XKRX:003495) 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.

Korean Air Lines Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23050.00/9778.54
=2.36

* 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 Korean Air Lines Co was 5.57. The lowest was 0.88. And the median was 2.43.


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.


Korean Air Lines Co Cyclically Adjusted FCF per Share Related Terms

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


Korean Air Lines Co Business Description

Traded in Other Exchanges
Address
260 Haneul-gil, Gangseo-gu, Seoul, KOR
Korean Air Lines Co Ltd is an airline operator with a global reach. The company has four operating segments: Air transport (majority of total revenues), Aerospace (maintenance and repairs), In-flight meals, and Hotel/limousine and others. Passenger tickets can be bought on the company's website or at the airport counter. Multiple options related to passenger class or cabin experience, baggage fees, and other services are offered to customers. Revenues derived from Republic of Korea account for approximately one-fourth of total revenues, with the remainder coming from international operations. The company has created an alliance with global carriers to help connect flights, and give passengers better options to travel.

Korean Air Lines Co Headlines

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