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American Airlines Group (WBO:AAL) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


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What is American Airlines Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


American Airlines Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for American Airlines Group'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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American Airlines Group Cyclically Adjusted Price-to-FCF Chart

American Airlines Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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American Airlines Group 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 American Airlines Group's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, American Airlines Group'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.


American Airlines Group's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



American Airlines Group 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.

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

For example, American Airlines Group'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)
=1.902/129.4194*129.4194
=1.902

Current CPI (Mar. 2024) = 129.4194.

American Airlines Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.250 100.560 -0.322
201409 -1.783 100.428 -2.298
201412 -0.561 99.070 -0.733
201503 1.398 99.621 1.816
201506 0.777 100.684 0.999
201509 -0.395 100.392 -0.509
201512 -1.856 99.792 -2.407
201603 1.561 100.470 2.011
201606 1.112 101.688 1.415
201609 -0.243 101.861 -0.309
201612 -1.523 101.863 -1.935
201703 0.987 102.862 1.242
201706 0.376 103.349 0.471
201709 -1.724 104.136 -2.143
201712 -1.712 104.011 -2.130
201803 1.745 105.290 2.145
201806 0.262 106.317 0.319
201809 -2.009 106.507 -2.441
201812 -0.558 105.998 -0.681
201903 0.675 107.251 0.815
201906 -0.560 108.070 -0.671
201909 0.045 108.329 0.054
201912 -1.316 108.420 -1.571
202003 -2.153 108.902 -2.559
202006 -2.684 108.767 -3.194
202009 -5.305 109.815 -6.252
202012 -4.576 109.897 -5.389
202103 0.175 111.754 0.203
202106 4.344 114.631 4.904
202109 -2.119 115.734 -2.370
202112 -1.737 117.630 -1.911
202203 0.528 121.301 0.563
202206 1.502 125.017 1.555
202209 -1.478 125.227 -1.527
202212 -1.189 125.222 -1.229
202303 4.022 127.348 4.087
202306 1.314 128.729 1.321
202309 -0.646 129.860 -0.644
202312 -2.799 129.419 -2.799
202403 1.902 129.419 1.902

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.


American Airlines Group  (WBO:AAL) 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.


American Airlines Group Cyclically Adjusted Price-to-FCF Related Terms

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American Airlines Group (WBO:AAL) Business Description

Address
1 Skyview Drive, Fort Worth, TX, USA, 76155
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major U.S. hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of U.S. airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of U.S. legacy carriers.