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Korean Air Lines Co (XKRX:003490) Cyclically Adjusted Price-to-FCF : 2.11 (As of Apr. 29, 2024)


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What is Korean Air Lines Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Korean Air Lines Co's current share price is ₩21050.00. Korean Air Lines Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₩9,995.35. Korean Air Lines Co's Cyclically Adjusted Price-to-FCF for today is 2.11.

The historical rank and industry rank for Korean Air Lines Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

XKRX:003490' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.88   Med: 2.51   Max: 5.57
Current: 2.08

During the past years, Korean Air Lines Co's highest Cyclically Adjusted Price-to-FCF was 5.57. The lowest was 0.88. And the median was 2.51.

XKRX:003490's Cyclically Adjusted Price-to-FCF is ranked better than
94.95% of 416 companies
in the Transportation industry
Industry Median: 18.13 vs XKRX:003490: 2.08

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.

Korean Air Lines Co's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₩448.966. 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 ₩9,995.35 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Korean Air Lines Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Korean Air Lines Co'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.

Korean Air Lines Co Cyclically Adjusted Price-to-FCF Chart

Korean Air Lines Co 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 1.65 2.07 2.92 2.29 2.39

Korean Air Lines Co 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 2.29 2.24 2.39 2.09 2.39

Competitive Comparison of Korean Air Lines Co's Cyclically Adjusted Price-to-FCF

For the Airlines subindustry, Korean Air Lines Co'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.


Korean Air Lines Co's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

* The bar in red indicates where Korean Air Lines Co's Cyclically Adjusted Price-to-FCF falls into.



Korean Air Lines Co 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.

Korean Air Lines Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=21050.00/9995.35
=2.11

* 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.

Korean Air Lines Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Korean Air Lines Co'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)
=448.966/118.8477*118.8477
=448.966

Current CPI (Dec. 2023) = 118.8477.

Korean Air Lines Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -389.460 99.253 -466.348
201406 1,442.568 99.353 1,725.624
201409 2,970.077 99.608 3,543.760
201412 3,632.201 99.098 4,356.079
201503 1,378.906 99.720 1,643.400
201506 5,341.938 100.050 6,345.598
201509 -1,469.682 100.110 -1,744.764
201512 3,560.469 100.220 4,222.247
201603 3,702.643 100.560 4,376.000
201606 4,000.139 100.790 4,716.810
201609 4,353.614 101.460 5,099.714
201612 2,402.580 101.560 2,811.551
201703 3,136.927 102.850 3,624.857
201706 1,291.314 102.610 1,495.660
201709 170.275 103.490 195.543
201712 2,548.456 102.990 2,940.850
201803 2,293.373 104.100 2,618.272
201806 3,495.136 104.130 3,989.137
201809 2,113.535 105.650 2,377.556
201812 2,815.134 104.350 3,206.250
201903 4,418.397 104.490 5,025.517
201906 1,248.301 104.880 1,414.547
201909 66.230 105.200 74.822
201912 2,316.882 105.120 2,619.445
202003 -3,063.488 105.540 -3,449.768
202006 2,940.461 104.870 3,332.383
202009 2,397.434 106.200 2,682.952
202012 1,077.382 105.765 1,210.645
202103 1,728.207 107.357 1,913.178
202106 1,775.350 107.579 1,961.322
202109 2,583.109 108.759 2,822.718
202112 3,245.395 109.676 3,516.780
202203 2,806.677 111.806 2,983.451
202206 4,905.333 114.083 5,110.214
202209 2,950.635 114.831 3,053.838
202212 2,550.523 115.200 2,631.278
202303 2,349.049 116.550 2,395.367
202306 2,115.065 117.140 2,145.901
202309 984.368 119.111 982.190
202312 448.966 118.848 448.966

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.


Korean Air Lines Co  (XKRX:003490) 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.


Korean Air Lines Co Cyclically Adjusted Price-to-FCF Related Terms

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Korean Air Lines Co (XKRX:003490) Business Description

Traded in Other Exchanges
Address
260 Haneul-gil, Gangseo-gu, Seoul, KOR
Korean Air Lines Co Ltd is an airline operator with a global reach. The company has four operating segments: Air transport (majority of total revenues), Aerospace (maintenance and repairs), In-flight meals, and Hotel/limousine and others. Passenger tickets can be bought on the company's website or at the airport counter. Multiple options related to passenger class or cabin experience, baggage fees, and other services are offered to customers. Revenues derived from Republic of Korea account for approximately one-fourth of total revenues, with the remainder coming from international operations. The company has created an alliance with global carriers to help connect flights, and give passengers better options to travel.

Korean Air Lines Co (XKRX:003490) Headlines

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