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Boeing Co (FRA:BCO) Cyclically Adjusted Price-to-FCF : 46.14 (As of Apr. 29, 2024)


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What is Boeing Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Boeing Co's current share price is €156.86. Boeing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.40. Boeing Co's Cyclically Adjusted Price-to-FCF for today is 46.14.

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

FRA:BCO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.23   Med: 31.9   Max: 65.09
Current: 45.39

During the past years, Boeing Co's highest Cyclically Adjusted Price-to-FCF was 65.09. The lowest was 10.23. And the median was 31.90.

FRA:BCO's Cyclically Adjusted Price-to-FCF is ranked worse than
60.36% of 111 companies
in the Aerospace & Defense industry
Industry Median: 36.1 vs FRA:BCO: 45.39

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.

Boeing Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-5.898. 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 €3.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boeing Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Boeing Co'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.

Boeing Co Cyclically Adjusted Price-to-FCF Chart

Boeing Co 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 35.05 37.95 41.34 41.74 58.82

Boeing Co 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 47.10 47.20 47.17 58.82 52.38

Competitive Comparison of Boeing Co's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Boeing 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.


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

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

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



Boeing Co 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=156.86/3.4
=46.14

* 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.

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

For example, Boeing Co'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)
=-5.898/129.4194*129.4194
=-5.898

Current CPI (Mar. 2024) = 129.4194.

Boeing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.355 100.560 1.744
201409 0.337 100.428 0.434
201412 4.852 99.070 6.338
201503 -0.630 99.621 -0.818
201506 3.326 100.684 4.275
201509 2.977 100.392 3.838
201512 3.367 99.792 4.367
201603 0.712 100.470 0.917
201606 3.529 101.688 4.491
201609 3.671 101.861 4.664
201612 3.369 101.863 4.280
201703 2.460 102.862 3.095
201706 6.401 103.349 8.016
201709 4.152 104.136 5.160
201712 3.453 104.011 4.297
201803 3.701 105.290 4.549
201806 6.213 106.317 7.563
201809 6.059 106.507 7.362
201812 3.713 105.998 4.533
201903 3.540 107.251 4.272
201906 -1.616 108.070 -1.935
201909 -4.613 108.329 -5.511
201912 -4.420 108.420 -5.276
202003 -7.571 108.902 -8.997
202006 -8.824 108.767 -10.499
202009 -7.620 109.815 -8.980
202012 -6.089 109.897 -7.171
202103 -5.281 111.754 -6.116
202106 -0.992 114.631 -1.120
202109 -0.732 115.734 -0.819
202112 0.741 117.630 0.815
202203 -5.473 121.301 -5.839
202206 -0.289 125.017 -0.299
202209 4.922 125.227 5.087
202212 4.946 125.222 5.112
202303 -1.219 127.348 -1.239
202306 3.933 128.729 3.954
202309 -0.478 129.860 -0.476
202312 4.448 129.419 4.448
202403 -5.898 129.419 -5.898

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.


Boeing Co  (FRA:BCO) 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.


Boeing Co Cyclically Adjusted Price-to-FCF Related Terms

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


Boeing Co (FRA:BCO) Business Description

Industry
Address
929 Long Bridge Drive, Arlington, VA, USA, 22202
Boeing is a major aerospace and defense firm. It operates in four segments: commercial airplanes; defense, space, and security; Global services; and Boeing capital. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft ranging from 130 seats upward. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.