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Textron (BSP:T1XT34) Cyclically Adjusted Price-to-FCF : 25.45 (As of Apr. 29, 2024)


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What is Textron Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Textron's current share price is R$362.97. Textron's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$14.26. Textron's Cyclically Adjusted Price-to-FCF for today is 25.45.

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

BSP:T1XT34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.06   Med: 20.05   Max: 32.54
Current: 22.96

During the past years, Textron's highest Cyclically Adjusted Price-to-FCF was 32.54. The lowest was 9.06. And the median was 20.05.

BSP:T1XT34's Cyclically Adjusted Price-to-FCF is ranked better than
69.37% of 111 companies
in the Aerospace & Defense industry
Industry Median: 36.1 vs BSP:T1XT34: 22.96

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.

Textron's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$-1.866. 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 R$14.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Textron Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Textron'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.

Textron Cyclically Adjusted Price-to-FCF Chart

Textron 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 18.13 20.20 27.04 20.92 21.37

Textron Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 19.03 17.14 19.77 21.37 25.46

Competitive Comparison of Textron's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Textron'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.


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

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

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



Textron 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.

Textron's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=362.97/14.26
=25.45

* 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.

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

For example, Textron'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)
=-1.866/129.4194*129.4194
=-1.866

Current CPI (Mar. 2024) = 129.4194.

Textron Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.151 100.560 2.768
201409 1.098 100.428 1.415
201412 4.418 99.070 5.771
201503 -1.122 99.621 -1.458
201506 1.434 100.684 1.843
201509 1.404 100.392 1.810
201512 7.587 99.792 9.839
201603 -3.224 100.470 -4.153
201606 0.000 101.688 0.000
201609 0.897 101.861 1.140
201612 7.879 101.863 10.010
201703 -3.347 102.862 -4.211
201706 4.589 103.349 5.747
201709 -0.211 104.136 -0.262
201712 5.554 104.011 6.911
201803 -2.015 105.290 -2.477
201806 5.865 106.317 7.139
201809 3.707 106.507 4.504
201812 4.402 105.998 5.375
201903 -4.467 107.251 -5.390
201906 1.304 108.070 1.562
201909 3.619 108.329 4.324
201912 11.933 108.420 14.244
202003 -9.498 108.902 -11.287
202006 4.478 108.767 5.328
202009 6.971 109.815 8.215
202012 9.038 109.897 10.644
202103 3.160 111.754 3.660
202106 11.358 114.631 12.823
202109 7.575 115.734 8.471
202112 6.450 117.630 7.096
202203 4.373 121.301 4.666
202206 7.129 125.017 7.380
202209 6.642 125.227 6.864
202212 9.096 125.222 9.401
202303 2.541 127.348 2.582
202306 5.105 128.729 5.132
202309 4.420 129.860 4.405
202312 9.200 129.419 9.200
202403 -1.866 129.419 -1.866

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.


Textron  (BSP:T1XT34) 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.


Textron Cyclically Adjusted Price-to-FCF Related Terms

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


Textron (BSP:T1XT34) Business Description

Industry
Traded in Other Exchanges
Address
40 Westminster Street, Providence, RI, USA, 02903
Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

Textron (BSP:T1XT34) Headlines

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