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Norwegian Air Shuttle ASA (OSTO:NASO) Cyclically Adjusted Price-to-FCF : (As of Jun. 04, 2024)


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What is Norwegian Air Shuttle ASA Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Norwegian Air Shuttle ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Norwegian Air Shuttle ASA'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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Norwegian Air Shuttle ASA Cyclically Adjusted Price-to-FCF Chart

Norwegian Air Shuttle ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Norwegian Air Shuttle ASA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Norwegian Air Shuttle ASA's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, Norwegian Air Shuttle ASA'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.


Norwegian Air Shuttle ASA's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's Cyclically Adjusted Price-to-FCF falls into.



Norwegian Air Shuttle ASA 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.

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

For example, Norwegian Air Shuttle ASA'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)
=2.888/132.6000*132.6000
=2.888

Current CPI (Mar. 2024) = 132.6000.

Norwegian Air Shuttle ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 23.657 97.300 32.240
201406 -518.493 97.500 -705.150
201409 -358.060 98.500 -482.018
201412 -796.482 98.600 -1,071.131
201503 -209.874 99.200 -280.537
201506 77.809 100.100 103.072
201509 -530.042 100.600 -698.644
201512 -336.237 100.900 -441.873
201603 119.064 102.500 154.028
201606 -245.321 103.800 -313.387
201609 -728.277 104.200 -926.771
201612 -858.376 104.400 -1,090.236
201703 963.368 105.000 1,216.596
201706 371.710 105.800 465.867
201709 189.338 105.900 237.075
201712 -6,088.284 106.100 -7,608.920
201803 -1,279.028 107.300 -1,580.607
201806 -482.294 108.500 -589.421
201809 -848.632 109.500 -1,027.658
201812 -1,578.095 109.800 -1,905.787
201903 -53.362 110.400 -64.092
201906 182.160 110.600 218.394
201909 339.232 111.100 404.880
201912 -2.974 111.300 -3.543
202006 0.000 112.100 0.000
202009 -13.627 112.900 -16.005
202012 -8.328 112.900 -9.781
202103 -5.478 114.600 -6.338
202106 -0.389 115.300 -0.447
202109 0.393 117.500 0.444
202112 0.126 118.900 0.141
202203 0.115 119.800 0.127
202206 0.369 122.600 0.399
202209 0.942 125.600 0.995
202212 -0.039 125.900 -0.041
202303 1.535 127.600 1.595
202306 1.311 130.400 1.333
202309 1.021 129.800 1.043
202312 0.546 131.900 0.549
202403 2.888 132.600 2.888

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.


Norwegian Air Shuttle ASA  (OSTO:NASo) 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.


Norwegian Air Shuttle ASA Cyclically Adjusted Price-to-FCF Related Terms

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Norwegian Air Shuttle ASA (OSTO:NASO) Business Description

Traded in Other Exchanges
Address
Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366
Norwegian Air Shuttle ASA operates a short-haul network across the Nordics and to key European destinations. The group provides its customers with excellent quality at affordable fares with a network of more than 300 routes. The group has one operating segment, which is low-cost air passenger travel. Norwegian believes in affordable fares for all and offers quality flights at a low fare based on operational excellence and helpful, friendly service.

Norwegian Air Shuttle ASA (OSTO:NASO) Headlines

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