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RTX (BSP:RYTT34) Cyclically Adjusted Price-to-FCF : 21.60 (As of May. 05, 2024)


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What is RTX Cyclically Adjusted Price-to-FCF?

As of today (2024-05-05), RTX's current share price is R$85.76. RTX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$3.97. RTX's Cyclically Adjusted Price-to-FCF for today is 21.60.

The historical rank and industry rank for RTX's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:RYTT34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.21   Med: 14.93   Max: 21.5
Current: 21.45

During the past years, RTX's highest Cyclically Adjusted Price-to-FCF was 21.50. The lowest was 9.21. And the median was 14.93.

BSP:RYTT34's Cyclically Adjusted Price-to-FCF is ranked better than
72.9% of 107 companies
in the Aerospace & Defense industry
Industry Median: 34.46 vs BSP:RYTT34: 21.45

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.

RTX's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$-0.179. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$3.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


RTX Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for RTX'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.

RTX Cyclically Adjusted Price-to-FCF Chart

RTX 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 17.14 14.19 17.45 20.12 17.27

RTX 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 19.74 20.36 14.74 17.27 20.63

Competitive Comparison of RTX's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, RTX'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.


RTX's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, RTX's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



RTX 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.

RTX's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=85.76/3.97
=21.60

* 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.

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

For example, RTX'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)
=-0.179/129.4194*129.4194
=-0.179

Current CPI (Mar. 2024) = 129.4194.

RTX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.477 100.560 0.614
201409 0.629 100.428 0.811
201412 0.784 99.070 1.024
201503 0.495 99.621 0.643
201506 0.637 100.684 0.819
201509 0.311 100.392 0.401
201512 1.461 99.792 1.895
201603 -1.344 100.470 -1.731
201606 0.758 101.688 0.965
201609 0.941 101.861 1.196
201612 0.730 101.863 0.927
201703 0.368 102.862 0.463
201706 1.105 103.349 1.384
201709 -0.371 104.136 -0.461
201712 1.122 104.011 1.396
201803 0.026 105.290 0.032
201806 1.279 106.317 1.557
201809 1.049 106.507 1.275
201812 1.206 105.998 1.472
201903 0.781 107.251 0.942
201906 1.275 108.070 1.527
201909 1.555 108.329 1.858
201912 1.534 108.420 1.831
202003 0.242 108.902 0.288
202006 -0.268 108.767 -0.319
202009 0.696 109.815 0.820
202012 0.387 109.897 0.456
202103 0.185 111.754 0.214
202106 0.509 114.631 0.575
202109 0.828 115.734 0.926
202112 1.251 117.630 1.376
202203 -0.025 121.301 -0.027
202206 0.394 125.017 0.408
202209 0.081 125.227 0.084
202212 2.133 125.222 2.205
202303 -0.905 127.348 -0.920
202306 0.018 128.729 0.018
202309 1.438 129.860 1.433
202312 2.243 129.419 2.243
202403 -0.179 129.419 -0.179

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.


RTX  (BSP:RYTT34) 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.


RTX Cyclically Adjusted Price-to-FCF Related Terms

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


RTX (BSP:RYTT34) Business Description

Industry
Address
1000 Wilson Boulevard, Arlington, VA, USA, 22209
RTX is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufacturers and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, an aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.

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