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Turk Hava Yollari AO (Turk Hava Yollari AO) Cyclically Adjusted Price-to-FCF : 11.25 (As of May. 01, 2024)


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What is Turk Hava Yollari AO Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Turk Hava Yollari AO's current share price is $89.97. Turk Hava Yollari AO's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $8.00. Turk Hava Yollari AO's Cyclically Adjusted Price-to-FCF for today is 11.25.

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

TKHVY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.38   Med: 9.53   Max: 19.2
Current: 15.18

During the past years, Turk Hava Yollari AO's highest Cyclically Adjusted Price-to-FCF was 19.20. The lowest was 4.38. And the median was 9.53.

TKHVY's Cyclically Adjusted Price-to-FCF is ranked better than
55.71% of 420 companies
in the Transportation industry
Industry Median: 18.235 vs TKHVY: 15.18

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.

Turk Hava Yollari AO's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $5.417. 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 $8.00 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Turk Hava Yollari AO Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Turk Hava Yollari AO'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.

Turk Hava Yollari AO Cyclically Adjusted Price-to-FCF Chart

Turk Hava Yollari AO 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 7.96 9.09 4.46 11.76 10.95

Turk Hava Yollari AO Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 11.76 8.71 11.76 12.53 10.95

Competitive Comparison of Turk Hava Yollari AO's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, Turk Hava Yollari AO'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.


Turk Hava Yollari AO's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's Cyclically Adjusted Price-to-FCF falls into.



Turk Hava Yollari AO 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.

Turk Hava Yollari AO's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=89.97/8
=11.25

* 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.

Turk Hava Yollari AO's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Turk Hava Yollari AO's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.417/129.4194*129.4194
=5.417

Current CPI (Dec. 2023) = 129.4194.

Turk Hava Yollari AO Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.490 99.695 1.934
201406 3.867 100.560 4.977
201409 1.173 100.428 1.512
201412 -1.203 99.070 -1.572
201503 1.575 99.621 2.046
201506 4.029 100.684 5.179
201509 1.480 100.392 1.908
201512 -1.608 99.792 -2.085
201603 -0.216 100.470 -0.278
201606 -0.082 101.688 -0.104
201609 -0.469 101.861 -0.596
201612 -0.827 101.863 -1.051
201703 0.130 102.862 0.164
201706 4.445 103.349 5.566
201709 4.572 104.136 5.682
201712 2.971 104.011 3.697
201803 2.354 105.290 2.893
201806 3.860 106.317 4.699
201809 0.004 106.507 0.005
201812 0.648 105.998 0.791
201903 0.504 107.251 0.608
201906 2.612 108.070 3.128
201909 1.585 108.329 1.894
201912 4.533 108.420 5.411
202003 -4.707 108.902 -5.594
202006 0.547 108.767 0.651
202009 -3.683 109.815 -4.341
202012 1.516 109.897 1.785
202103 1.865 111.754 2.160
202106 5.958 114.631 6.727
202109 5.596 115.734 6.258
202112 13.503 117.630 14.856
202203 7.321 121.301 7.811
202206 14.798 125.017 15.319
202209 9.032 125.227 9.334
202212 11.007 125.222 11.376
202303 7.662 127.348 7.787
202306 11.896 128.729 11.960
202309 10.379 129.860 10.344
202312 5.417 129.419 5.417

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.


Turk Hava Yollari AO  (OTCPK:TKHVY) 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.


Turk Hava Yollari AO Cyclically Adjusted Price-to-FCF Related Terms

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


Turk Hava Yollari AO (Turk Hava Yollari AO) Business Description

Traded in Other Exchanges
Address
Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149
Turk Hava Yollari AO is a Turkish airline operator. It has one of the largest flight networks in the world, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.

Turk Hava Yollari AO (Turk Hava Yollari AO) Headlines

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