GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kobenhavns Lufthavne (OCSE:KBHL) » Definitions » Cyclically Adjusted Price-to-FCF

Kobenhavns Lufthavne (OCSE:KBHL) Cyclically Adjusted Price-to-FCF : 203.40 (As of Apr. 27, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Kobenhavns Lufthavne Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Kobenhavns Lufthavne's current share price is kr4780.00. Kobenhavns Lufthavne's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was kr23.50. Kobenhavns Lufthavne's Cyclically Adjusted Price-to-FCF for today is 203.40.

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

OCSE:KBHL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 49.62   Med: 87.53   Max: 286.47
Current: 200.01

During the past years, Kobenhavns Lufthavne's highest Cyclically Adjusted Price-to-FCF was 286.47. The lowest was 49.62. And the median was 87.53.

OCSE:KBHL's Cyclically Adjusted Price-to-FCF is ranked worse than
95.85% of 410 companies
in the Transportation industry
Industry Median: 17.605 vs OCSE:KBHL: 200.01

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.

Kobenhavns Lufthavne's adjusted free cash flow per share data for the three months ended in Dec. 2023 was kr-16.446. 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 kr23.50 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kobenhavns Lufthavne Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kobenhavns Lufthavne'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.

Kobenhavns Lufthavne Cyclically Adjusted Price-to-FCF Chart

Kobenhavns Lufthavne 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 73.31 119.32 212.39 202.02 197.45

Kobenhavns Lufthavne 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 202.02 235.59 225.05 196.36 197.45

Competitive Comparison of Kobenhavns Lufthavne's Cyclically Adjusted Price-to-FCF

For the Airports & Air Services subindustry, Kobenhavns Lufthavne'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.


Kobenhavns Lufthavne's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

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

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



Kobenhavns Lufthavne 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4780.00/23.5
=203.40

* 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.

Kobenhavns Lufthavne's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Kobenhavns Lufthavne'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)
=-16.446/116.7000*116.7000
=-16.446

Current CPI (Dec. 2023) = 116.7000.

Kobenhavns Lufthavne Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 22.446 99.600 26.300
201406 37.306 99.700 43.667
201409 57.261 99.700 67.025
201412 -4.773 99.400 -5.604
201503 5.559 100.200 6.474
201506 32.730 100.300 38.082
201509 42.886 100.200 49.948
201512 8.148 99.800 9.528
201603 -3.165 100.200 -3.686
201606 38.536 100.600 44.703
201609 64.088 100.200 74.641
201612 19.412 100.300 22.586
201703 -19.745 101.200 -22.769
201706 30.815 101.200 35.535
201709 55.826 101.800 63.997
201712 3.634 101.300 4.186
201803 -16.308 101.700 -18.713
201806 12.562 102.300 14.330
201809 25.825 102.400 29.431
201812 5.780 102.100 6.607
201903 -40.885 102.900 -46.368
201906 -13.103 102.900 -14.860
201909 25.507 102.900 28.928
201912 -18.304 102.900 -20.759
202003 -36.475 103.300 -41.207
202006 -62.487 103.200 -70.661
202009 -40.690 103.500 -45.879
202012 -30.351 103.400 -34.255
202103 -61.465 104.300 -68.772
202106 -29.155 105.000 -32.404
202109 -0.436 105.800 -0.481
202112 0.395 106.600 0.432
202203 -14.289 109.900 -15.173
202206 17.627 113.600 18.108
202209 60.246 116.400 60.401
202212 22.739 115.900 22.896
202303 -20.192 117.300 -20.089
202306 17.139 116.400 17.183
202309 28.298 117.400 28.129
202312 -16.446 116.700 -16.446

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.


Kobenhavns Lufthavne  (OCSE:KBHL) 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.


Kobenhavns Lufthavne Cyclically Adjusted Price-to-FCF Related Terms

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


Kobenhavns Lufthavne (OCSE:KBHL) Business Description

Traded in Other Exchanges
Address
Lufthavnsboulevarden 6, Kastrup, DNK, 2770
Kobenhavns Lufthavne formerly Copenhagen Airports A/S owns and operates Airports in Denmark. The company manages the infrastructure, buildings, and other services in the Kastrup and Roskilde airports. Copenhagen Airports divides its activities into two segments; Aeronautical and Non-aeronautical. Its majority of revenues are derived from the Aeronautical segment which comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. The Non-aeronautical segment comprises the other facilities and services provided at the airports for passengers and others, including car-parking facilities, shops, restaurants, rest areas, lounges, and hotels.

Kobenhavns Lufthavne (OCSE:KBHL) Headlines

No Headlines