LATAM Airlines Group (XSGO:LTM) Cyclically Adjusted FCF per Share: CLP (As of Jun. 2026)

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XSGO:LTM LATAM Airlines Group SA XSGO:LTM
64 GF Score
Price CLP25.23
GF Value CLP20.21
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is LATAM Airlines Group Cyclically Adjusted FCF per Share?

LATAM Airlines Group XSGO:LTM 64 Cyclically Adjusted FCF per Share is CLP as of Jun. 2026. GuruFocus rates XSGO:LTM with a GF Score™ of 64/100 and a GF Value™ of CLP20.21 (Modestly Overvalued). The stock has 3 warning signs investors should review.

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.

LATAM Airlines Group's adjusted free cash flow per share for the three months ended in Jun. 2026 was CLP0.198. 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 CLP for the trailing ten years ended in Jun. 2026.

During the past 12 months, LATAM Airlines Group's average Cyclically Adjusted FCF Growth Rate was 25.70% 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 LATAM Airlines Group was 57.90% per year. The lowest was 0.90% per year. And the median was 14.40% per year.

As of today (2026-09-22), LATAM Airlines Group's current stock price is CLP25.23. LATAM Airlines Group's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was CLP. LATAM Airlines Group's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of LATAM Airlines Group was 364.45. The lowest was 0.21. And the median was 2.04.


LATAM Airlines Group  (XSGO:LTM) 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 LATAM Airlines Group was 364.45. The lowest was 0.21. And the median was 2.04.


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.


LATAM Airlines Group Cyclically Adjusted FCF per Share Related Terms


LATAM Airlines Group Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for LATAM Airlines Group'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.

LATAM Airlines Group Cyclically Adjusted FCF per Share Chart

LATAM Airlines Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
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LATAM Airlines Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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XSGO:LTM vs DAL, UAL, LUV: Cyclically Adjusted FCF per Share Comparison

For the Airlines subindustry, LATAM Airlines Group'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.


LATAM Airlines Group Cyclically Adjusted Price-to-FCF vs Transportation Industry

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

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


XSGO:LTM
64GF Score
LATAM Airlines Group SA XSGO:LTM
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LATAM Airlines Group 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, LATAM Airlines Group's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.198/162.5100*162.5100
=0.198

Current CPI (Jun. 2026) = 162.5100.

LATAM Airlines Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.558 104.521 0.868
201612 5.980 104.532 9.297
201703 2.541 105.752 3.905
201706 3.994 105.730 6.139
201709 20.274 106.035 31.072
201712 25.682 106.907 39.039
201803 10.000 107.670 15.093
201806 1.138 108.421 1.706
201809 5.010 109.369 7.444
201812 35.573 109.653 52.721
201903 -2.951 110.339 -4.346
201906 15.109 111.352 22.050
201909 30.320 111.821 44.064
201912 22.824 112.943 32.841
202003 -5.289 114.468 -7.509
202006 -9.159 114.283 -13.024
202009 -39.252 115.275 -55.336
202012 -18.021 116.299 -25.182
202103 -17.220 117.770 -23.762
202106 -16.277 118.630 -22.298
202109 -19.914 121.431 -26.651
202112 -6.794 124.634 -8.859
202203 -8.165 128.850 -10.298
202206 -8.770 133.448 -10.680
202209 -5.699 138.101 -6.706
202212 -38.232 140.574 -44.198
202303 0.378 143.145 0.429
202306 0.248 143.538 0.281
202309 0.467 145.172 0.523
202312 0.257 146.109 0.286
202403 0.413 148.551 0.452
202406 0.594 149.592 0.645
202409 0.435 151.212 0.468
202412 0.386 152.774 0.411
202503 0.396 155.783 0.413
202506 0.188 155.754 0.196
202509 0.911 157.870 0.938
202512 0.885 158.040 0.910
202603 0.795 160.190 0.807
202606 0.198 162.510 0.198

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

What does a Cyclically Adjusted FCF per Share of CLP mean?
LATAM Airlines Group (XSGO:LTM) has a Cyclically Adjusted FCF per Share of CLP as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on LATAM Airlines Group and its competitors.
Is LATAM Airlines Group's Cyclically Adjusted FCF per Share too high?
LATAM Airlines Group's current Cyclically Adjusted FCF per Share is CLP. Overall, LATAM Airlines Group has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LATAM Airlines Group's Cyclically Adjusted FCF per Share compare to DAL and UAL?
LATAM Airlines Group's Cyclically Adjusted FCF per Share of CLP can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Transportation company?
A good Cyclically Adjusted FCF per Share depends on the Transportation industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on LATAM Airlines Group and its competitors. LATAM Airlines Group's current Cyclically Adjusted FCF per Share is CLP. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LATAM Airlines Group stock overvalued right now?
Based on GuruFocus' analysis, LATAM Airlines Group (XSGO:LTM) is currently considered Modestly Overvalued. The stock's GF Value™ is CLP20.21, compared to a current price of CLP25.23 — trading 24.8% above its estimated fair value. The current Cyclically Adjusted FCF per Share is CLP. LATAM Airlines Group's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For LATAM Airlines Group (XSGO:LTM), the current Cyclically Adjusted FCF per Share is CLP as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is LATAM Airlines Group (XSGO:LTM) Overvalued in 2026?

Based on GuruFocus' analysis, LATAM Airlines Group stock appears to be overvalued. The current stock price of CLP25.23 is trading 24.8% above its estimated GF Value™ of CLP20.21. GuruFocus considers LATAM Airlines Group to be Modestly Overvalued.

Key valuation signals for XSGO:LTM:

  • Cyclically Adjusted FCF per Share: CLP
  • GF Value™: CLP20.21 vs. price of CLP25.23 (24.8% above fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the XSGO:LTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LATAM Airlines Group Business Description

Other Exchanges LTM:USALFL0:Germany
Address Presidente Riesco 5711, 20th Floor, Las Condes, Santiago, CHL
LATAM Airlines Group SA is a Chilean-based airline company involved in the transportation of passengers and cargo. The company provides domestic services in Brazil, Chile, Peru, Colombia and Ecuador, as well as regional flights and long-haul operations. It carries out cargo operations using both belly space on passenger flights and dedicated freighter aircraft. The group also offers complementary services, such as ground handling, courier, logistics, and maintenance.
64GF Score

Get the complete analysis for XSGO:LTM

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CLP25.23
Price
CLP20.21
GF Value