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Asiana Airlines (XKRX:020560) Cyclically Adjusted FCF per Share : ₩14,394.50 (As of Mar. 2024)


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What is Asiana Airlines 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.

Asiana Airlines's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₩3,442.862. 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 ₩14,394.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Asiana Airlines's average Cyclically Adjusted FCF Growth Rate was 346.80% 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 Asiana Airlines was 19.10% per year. The lowest was -64.40% per year. And the median was -16.80% per year.

As of today (2024-06-19), Asiana Airlines's current stock price is ₩10460.00. Asiana Airlines's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₩14,394.50. Asiana Airlines's Cyclically Adjusted Price-to-FCF of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Asiana Airlines was 625.70. The lowest was 0.70. And the median was 5.42.


Asiana Airlines Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Asiana Airlines'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.

Asiana Airlines Cyclically Adjusted FCF per Share Chart

Asiana Airlines 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 4,076.06 -5.59 148.01 2,347.01 13,957.50

Asiana Airlines Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3,221.58 12,938.00 13,818.80 13,957.50 14,394.50

Competitive Comparison of Asiana Airlines's Cyclically Adjusted FCF per Share

For the Airlines subindustry, Asiana Airlines'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.


Asiana Airlines's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



Asiana Airlines 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, Asiana Airlines's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3442.862/118.8477*118.8477
=3,442.862

Current CPI (Mar. 2024) = 118.8477.

Asiana Airlines Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 986.549 99.353 1,180.126
201409 410.214 99.608 489.449
201412 -57.448 99.098 -68.897
201503 533.613 99.720 635.967
201506 606.006 100.050 719.864
201509 -470.216 100.110 -558.227
201512 1,611.452 100.220 1,910.970
201603 -638.902 100.560 -755.092
201606 3,133.877 100.790 3,695.347
201609 1,668.461 101.460 1,954.393
201612 73.925 101.560 86.509
201703 94.905 102.850 109.667
201706 1,956.852 102.610 2,266.517
201709 272.542 103.490 312.987
201712 1,886.793 102.990 2,177.309
201803 2,275.646 104.100 2,598.034
201806 1,560.366 104.130 1,780.908
201809 824.130 105.650 927.080
201812 588.404 104.350 670.153
201903 2,897.287 104.490 3,295.396
201906 94.864 104.880 107.498
201909 -284.407 105.200 -321.303
201912 -1,319.729 105.120 -1,492.073
202003 -19,667.888 105.540 -22,147.842
202006 -2,399.009 104.870 -2,718.763
202009 2,683.098 106.200 3,002.637
202012 -10,634.818 105.765 -11,950.257
202103 1,051.922 107.357 1,164.510
202106 1,894.594 107.579 2,093.057
202109 712.347 108.759 778.424
202112 4,813.918 109.676 5,216.465
202203 4,193.092 111.806 4,457.187
202206 10,113.156 114.083 10,535.553
202209 3,702.980 114.831 3,832.497
202212 2,788.262 115.200 2,876.545
202303 4,767.209 116.550 4,861.208
202306 107,762.712 117.140 109,333.801
202309 7,071.226 119.111 7,055.583
202312 388.630 118.848 388.630
202403 3,442.862 118.848 3,442.862

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


Asiana Airlines  (XKRX:020560) 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.

Asiana Airlines's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10460.00/14394.5
=0.73

* 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 Asiana Airlines was 625.70. The lowest was 0.70. And the median was 5.42.


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.


Asiana Airlines Cyclically Adjusted FCF per Share Related Terms

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


Asiana Airlines (XKRX:020560) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Asiana Town KangseoNo 47, PO Box 98 Osae-Dong, Kangseo-ku, Seoul, KOR, 157-731
Asiana Airlines Inc is one of South Korea's major airlines. It generates revenue by transporting passengers, cargo, and by providing supplementary services related to airlines and travel industries. The company offers many different classes, or cabin experiences, for each flight. A customer may purchase tickets, check the flight status, check-in, and order/confirm other amenities on the company's website. Only a small portion of revenue is derived from domestic passengers (South Korea), with international passengers and carrying cargo constituting a majority. The majority of Asiana's revenue is from routes conducted throughout Asia.

Asiana Airlines (XKRX:020560) Headlines

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