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Spirit AeroSystems Holdings (FRA:S9Q) Cyclically Adjusted Price-to-FCF : 48.07 (As of May. 28, 2024)


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What is Spirit AeroSystems Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Spirit AeroSystems Holdings's current share price is €28.36. Spirit AeroSystems Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.59. Spirit AeroSystems Holdings's Cyclically Adjusted Price-to-FCF for today is 48.07.

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

FRA:S9Q' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.7   Med: 33.49   Max: 498.82
Current: 47.5

During the past years, Spirit AeroSystems Holdings's highest Cyclically Adjusted Price-to-FCF was 498.82. The lowest was 7.70. And the median was 33.49.

FRA:S9Q's Cyclically Adjusted Price-to-FCF is ranked worse than
60.75% of 107 companies
in the Aerospace & Defense industry
Industry Median: 36.09 vs FRA:S9Q: 47.50

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.

Spirit AeroSystems Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-3.518. 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 €0.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spirit AeroSystems Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Spirit AeroSystems Holdings'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.

Spirit AeroSystems Holdings Cyclically Adjusted Price-to-FCF Chart

Spirit AeroSystems Holdings 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 29.89 22.03 22.12 22.52 31.44

Spirit AeroSystems Holdings 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 24.94 24.45 16.85 31.44 55.12

Competitive Comparison of Spirit AeroSystems Holdings's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Spirit AeroSystems Holdings'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.


Spirit AeroSystems Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

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

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



Spirit AeroSystems Holdings 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.

Spirit AeroSystems Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28.36/0.59
=48.07

* 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.

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

For example, Spirit AeroSystems Holdings'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)
=-3.518/131.7762*131.7762
=-3.518

Current CPI (Mar. 2024) = 131.7762.

Spirit AeroSystems Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.661 100.560 0.866
201409 0.412 100.428 0.541
201412 -0.307 99.070 -0.408
201503 2.523 99.621 3.337
201506 1.464 100.684 1.916
201509 0.885 100.392 1.162
201512 1.181 99.792 1.560
201603 0.294 100.470 0.386
201606 1.106 101.688 1.433
201609 1.518 101.861 1.964
201612 0.355 101.863 0.459
201703 0.469 102.862 0.601
201706 1.316 103.349 1.678
201709 1.721 104.136 2.178
201712 -1.366 104.011 -1.731
201803 0.842 105.290 1.054
201806 1.384 106.317 1.715
201809 0.878 106.507 1.086
201812 0.851 105.998 1.058
201903 1.693 107.251 2.080
201906 1.629 108.070 1.986
201909 1.788 108.329 2.175
201912 0.782 108.420 0.950
202003 -3.162 108.902 -3.826
202006 -2.125 108.767 -2.575
202009 -0.591 109.815 -0.709
202012 -1.425 109.897 -1.709
202103 -1.596 111.754 -1.882
202106 -0.424 114.631 -0.487
202109 1.420 115.734 1.617
202112 -1.164 117.630 -1.304
202203 -2.591 121.301 -2.815
202206 -0.714 125.017 -0.753
202209 -0.706 125.227 -0.743
202212 -0.597 125.222 -0.628
202303 -0.615 127.348 -0.636
202306 -1.853 128.729 -1.897
202309 -1.209 129.860 -1.227
202312 0.348 129.419 0.354
202403 -3.518 131.776 -3.518

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.


Spirit AeroSystems Holdings  (FRA:S9Q) 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.


Spirit AeroSystems Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Spirit AeroSystems Holdings (FRA:S9Q) Business Description

Traded in Other Exchanges
Address
3801 South Oliver Street, Wichita, KS, USA, 67210
Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.

Spirit AeroSystems Holdings (FRA:S9Q) Headlines

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