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Aerospace Industrial Development (TPE:2634) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Aerospace Industrial Development Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aerospace Industrial Development Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aerospace Industrial Development'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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Aerospace Industrial Development Cyclically Adjusted Price-to-FCF Chart

Aerospace Industrial Development Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Aerospace Industrial Development Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Aerospace Industrial Development's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Aerospace Industrial Development'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.


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

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

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



Aerospace Industrial Development 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.

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

For example, Aerospace Industrial Development'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)
=-2.861/131.7762*131.7762
=-2.861

Current CPI (Mar. 2024) = 131.7762.

Aerospace Industrial Development Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.119 100.560 -0.156
201409 -7.821 100.428 -10.262
201412 1.209 99.070 1.608
201503 -1.378 99.621 -1.823
201506 -0.964 100.684 -1.262
201509 0.203 100.392 0.266
201512 2.161 99.792 2.854
201603 -2.758 100.470 -3.617
201606 0.113 101.688 0.146
201609 1.154 101.861 1.493
201612 2.279 101.863 2.948
201703 -1.929 102.862 -2.471
201706 -0.435 103.349 -0.555
201709 -0.033 104.136 -0.042
201712 2.518 104.011 3.190
201803 -1.863 105.290 -2.332
201806 -3.659 106.317 -4.535
201809 0.650 106.507 0.804
201812 -1.297 105.998 -1.612
201903 -0.046 107.251 -0.057
201906 -1.446 108.070 -1.763
201909 -0.191 108.329 -0.232
201912 0.030 108.420 0.036
202003 -2.436 108.902 -2.948
202006 -0.887 108.767 -1.075
202009 4.076 109.815 4.891
202012 1.545 109.897 1.853
202103 -2.463 111.754 -2.904
202106 -0.998 114.631 -1.147
202109 1.550 115.734 1.765
202112 5.179 117.630 5.802
202203 -1.183 121.301 -1.285
202206 -1.143 125.017 -1.205
202209 0.202 125.227 0.213
202212 3.890 125.222 4.094
202303 -4.669 127.348 -4.831
202306 -2.077 128.729 -2.126
202309 -1.989 129.860 -2.018
202312 11.368 129.419 11.575
202403 -2.861 131.776 -2.861

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.


Aerospace Industrial Development  (TPE:2634) 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.


Aerospace Industrial Development Cyclically Adjusted Price-to-FCF Related Terms

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Aerospace Industrial Development (TPE:2634) Business Description

Traded in Other Exchanges
N/A
Address
No.1, Hanxiang Road, Xitun District, Taichung, TWN, 407803
Aerospace Industrial Development Corp is involved in the manufacturing and development of aerospace and defense products. The company's products and services include Commercial Aircraft, Military Aircraft, Engines, Aircraft Maintenance & Avionics, and Flight & Technology Services. Its geographical segments are Asia, America, and Europe.

Aerospace Industrial Development (TPE:2634) Headlines

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