GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Air Lease Corp (GREY:ALLLZ) » Definitions » Cyclically Adjusted Price-to-FCF

Air Lease (Air Lease) Cyclically Adjusted Price-to-FCF : (As of May. 14, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Air Lease Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Lease Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Air Lease's Cyclically Adjusted Price-to-FCF 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 Lease Cyclically Adjusted Price-to-FCF Chart

Air Lease Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Air Lease Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 - - - - -

Competitive Comparison of Air Lease's Cyclically Adjusted Price-to-FCF

For the Rental & Leasing Services subindustry, Air Lease'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 Lease's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Air Lease's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Air Lease Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Air Lease's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Air Lease'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)
=-4.076/129.4194*129.4194
=-4.076

Current CPI (Mar. 2024) = 129.4194.

Air Lease Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -5.376 100.560 -6.919
201409 -4.618 100.428 -5.951
201412 -3.212 99.070 -4.196
201503 -4.581 99.621 -5.951
201506 -8.312 100.684 -10.684
201509 -3.223 100.392 -4.155
201512 -2.552 99.792 -3.310
201603 -4.382 100.470 -5.645
201606 -6.349 101.688 -8.080
201609 -2.655 101.861 -3.373
201612 -4.426 101.863 -5.623
201703 -5.650 102.862 -7.109
201706 -4.350 103.349 -5.447
201709 -1.234 104.136 -1.534
201712 -5.457 104.011 -6.790
201803 -2.090 105.290 -2.569
201806 -9.619 106.317 -11.709
201809 -3.917 106.507 -4.760
201812 -6.815 105.998 -8.321
201903 -7.835 107.251 -9.455
201906 -9.308 108.070 -11.147
201909 -9.575 108.329 -11.439
201912 -3.832 108.420 -4.574
202003 -4.466 108.902 -5.307
202006 -0.581 108.767 -0.691
202009 -1.907 109.815 -2.247
202012 -7.137 109.897 -8.405
202103 -2.799 111.754 -3.241
202106 -4.307 114.631 -4.863
202109 -3.747 115.734 -4.190
202112 -5.615 117.630 -6.178
202203 -3.253 121.301 -3.471
202206 -8.573 125.017 -8.875
202209 -4.138 125.227 -4.277
202212 -4.067 125.222 -4.203
202303 -8.396 127.348 -8.533
202306 -7.540 128.729 -7.580
202309 -1.408 129.860 -1.403
202312 -7.331 129.419 -7.331
202403 -4.076 129.419 -4.076

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


Air Lease  (GREY:ALLLZ) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Air Lease Cyclically Adjusted Price-to-FCF Related Terms

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


Air Lease (Air Lease) Business Description

Industry
Traded in Other Exchanges
Address
2000 Avenue of the Stars, Suite 1000N, Los Angeles, CA, USA, 90067
Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company's primary source of revenue originates from the leasing of aircraft and to a certain extent from the provision of fleet management services to investors and owners of aircraft portfolios.