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SAS AB (OCSE:SAS DKK) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is SAS AB Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


SAS AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SAS AB'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.

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SAS AB Cyclically Adjusted Price-to-FCF Chart

SAS AB Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
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SAS AB Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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Competitive Comparison of SAS AB's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, SAS AB'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.


SAS AB's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SAS AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



SAS AB 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.

SAS AB's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, SAS AB's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=0.177/132.2054*132.2054
=0.177

Current CPI (Apr. 2024) = 132.2054.

SAS AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 0.045 100.104 0.059
201410 0.166 100.215 0.219
201501 -0.652 99.172 -0.869
201504 0.531 99.941 0.702
201507 -0.155 100.027 -0.205
201510 -0.464 100.301 -0.612
201601 -1.329 99.931 -1.758
201604 0.571 100.732 0.749
201607 -0.427 101.080 -0.558
201610 -0.195 101.485 -0.254
201701 -1.204 101.326 -1.571
201704 0.027 102.615 0.035
201707 -1.371 103.301 -1.755
201710 -0.283 103.202 -0.363
201801 -0.986 102.925 -1.267
201804 0.184 104.390 0.233
201807 -0.119 105.420 -0.149
201810 -0.169 105.545 -0.212
201901 -1.311 104.855 -1.653
201904 0.720 106.627 0.893
201907 -0.761 107.166 -0.939
201910 -0.126 107.243 -0.155
202001 -3.813 106.215 -4.746
202004 -9.117 106.240 -11.345
202007 -4.514 107.731 -5.540
202010 -3.922 107.539 -4.822
202101 -0.580 107.897 -0.711
202104 -0.301 108.624 -0.366
202107 -0.085 109.218 -0.103
202110 0.071 110.562 0.085
202201 -0.096 111.876 -0.113
202204 0.103 115.534 0.118
202207 -0.238 118.489 -0.266
202210 -0.088 122.561 -0.095
202301 -0.258 124.942 -0.273
202304 0.071 127.632 0.074
202307 0.079 129.464 0.081
202310 -0.038 130.549 -0.038
202401 -0.177 131.720 -0.178
202404 0.177 132.205 0.177

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.


SAS AB  (OCSE:SAS DKK) 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.


SAS AB Cyclically Adjusted Price-to-FCF Related Terms

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SAS AB (OCSE:SAS DKK) Business Description

Industry
Traded in Other Exchanges
Address
Frosundaviks Alle 1, Solna, Stockholm, SWE, SE-195 87
SAS AB is a Scandinavian airline that offers transportation to many domestic and international destinations. Its target audience is frequent business and leisure travelers, and the airline attempts to develop services that make travel easier. Loyalty programs coupled with new applications and bundled packages give customers increased access and various options to plan a trip. Passenger traffic throughout Denmark, Norway, and Sweden account for approximately one-third of total revenue, but the airline does have a worldwide reach. Partnerships with other airlines enhance their global destination network and help customers use different airlines at numerous airports.

SAS AB (OCSE:SAS DKK) Headlines

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