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Hexcel (LTS:0P5H) Cyclically Adjusted Price-to-FCF : 38.63 (As of May. 19, 2024)


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What is Hexcel Cyclically Adjusted Price-to-FCF?

As of today (2024-05-19), Hexcel's current share price is €37.08728. Hexcel's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.96. Hexcel's Cyclically Adjusted Price-to-FCF for today is 38.63.

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

LTS:0P5H' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 25.68   Med: 93.19   Max: 541.5
Current: 38.31

During the past years, Hexcel's highest Cyclically Adjusted Price-to-FCF was 541.50. The lowest was 25.68. And the median was 93.19.

LTS:0P5H's Cyclically Adjusted Price-to-FCF is ranked worse than
55.66% of 106 companies
in the Aerospace & Defense industry
Industry Median: 34.47 vs LTS:0P5H: 38.31

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.

Hexcel's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.387. 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 €0.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hexcel Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hexcel'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.

Hexcel Cyclically Adjusted Price-to-FCF Chart

Hexcel 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 67.67 38.46 35.00 34.06 39.68

Hexcel 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 39.50 44.64 38.00 39.68 38.78

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

For the Aerospace & Defense subindustry, Hexcel'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.


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

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

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



Hexcel 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=37.08728/0.96
=38.63

* 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.

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

For example, Hexcel'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)
=-0.387/131.7762*131.7762
=-0.387

Current CPI (Mar. 2024) = 131.7762.

Hexcel Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.094 100.560 0.123
201409 0.050 100.428 0.066
201412 0.505 99.070 0.672
201503 -1.034 99.621 -1.368
201506 -0.059 100.684 -0.077
201509 0.285 100.392 0.374
201512 0.774 99.792 1.022
201603 -0.711 100.470 -0.933
201606 0.508 101.688 0.658
201609 0.721 101.861 0.933
201612 0.189 101.863 0.245
201703 -0.315 102.862 -0.404
201706 0.430 103.349 0.548
201709 0.679 104.136 0.859
201712 0.587 104.011 0.744
201803 0.028 105.290 0.035
201806 0.497 106.317 0.616
201809 0.709 106.507 0.877
201812 1.104 105.998 1.372
201903 -0.156 107.251 -0.192
201906 0.751 108.070 0.916
201909 0.598 108.329 0.727
201912 1.828 108.420 2.222
202003 -0.200 108.902 -0.242
202006 0.550 108.767 0.666
202009 0.768 109.815 0.922
202012 1.021 109.897 1.224
202103 -0.061 111.754 -0.072
202106 0.351 114.631 0.403
202109 0.196 115.734 0.223
202112 0.767 117.630 0.859
202203 -0.427 121.301 -0.464
202206 0.226 125.017 0.238
202209 0.210 125.227 0.221
202212 1.096 125.222 1.153
202303 -0.453 127.348 -0.469
202306 -0.034 128.729 -0.035
202309 0.530 129.860 0.538
202312 1.557 129.419 1.585
202403 -0.387 131.776 -0.387

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.


Hexcel  (LTS:0P5H) 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.


Hexcel Cyclically Adjusted Price-to-FCF Related Terms

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


Hexcel (LTS:0P5H) Business Description

Industry
Traded in Other Exchanges
Address
281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, USA, 06901
Founded in 1948, Hexcel designs and manufactures a range of high-performance composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are engineered to be lighter than metal and perform under rigorous conditions in aircraft frames, wings, engines, and other components and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (38% of 2022 sales) and Boeing (25% of prepandemic sales) and its respective subcontractors.

Hexcel (LTS:0P5H) Headlines

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