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Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Cyclically Adjusted Price-to-FCF : 32.17 (As of Apr. 29, 2024)


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What is Spirit AeroSystems Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Spirit AeroSystems Holdings's current share price is $32.49. Spirit AeroSystems Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.01. Spirit AeroSystems Holdings's Cyclically Adjusted Price-to-FCF for today is 32.17.

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

SPR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.7   Med: 32.8   Max: 498.82
Current: 32.14

During the past years, Spirit AeroSystems Holdings's highest Cyclically Adjusted Price-to-FCF was 498.82. The lowest was 7.70. And the median was 32.80.

SPR's Cyclically Adjusted Price-to-FCF is ranked better than
54.55% of 110 companies
in the Aerospace & Defense industry
Industry Median: 35.485 vs SPR: 32.14

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.

Spirit AeroSystems Holdings's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.380. 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 $1.01 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spirit AeroSystems Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Spirit AeroSystems Holdings'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.

Spirit AeroSystems Holdings Cyclically Adjusted Price-to-FCF Chart

Spirit AeroSystems Holdings 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 29.89 22.03 22.12 22.52 31.44

Spirit AeroSystems Holdings 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 22.52 24.94 24.45 16.85 31.44

Competitive Comparison of Spirit AeroSystems Holdings's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Spirit AeroSystems Holdings'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.


Spirit AeroSystems Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

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

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



Spirit AeroSystems Holdings 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.

Spirit AeroSystems Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=32.49/1.01
=32.17

* 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.

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

For example, Spirit AeroSystems Holdings'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)
=0.38/129.4194*129.4194
=0.380

Current CPI (Dec. 2023) = 129.4194.

Spirit AeroSystems Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.056 99.695 -0.073
201406 0.898 100.560 1.156
201409 0.531 100.428 0.684
201412 -0.378 99.070 -0.494
201503 2.731 99.621 3.548
201506 1.643 100.684 2.112
201509 0.994 100.392 1.281
201512 1.287 99.792 1.669
201603 0.327 100.470 0.421
201606 1.243 101.688 1.582
201609 1.704 101.861 2.165
201612 0.374 101.863 0.475
201703 0.502 102.862 0.632
201706 1.479 103.349 1.852
201709 2.051 104.136 2.549
201712 -1.617 104.011 -2.012
201803 1.038 105.290 1.276
201806 1.616 106.317 1.967
201809 1.025 106.507 1.246
201812 0.969 105.998 1.183
201903 1.913 107.251 2.308
201906 1.841 108.070 2.205
201909 1.969 108.329 2.352
201912 0.869 108.420 1.037
202003 -3.494 108.902 -4.152
202006 -2.393 108.767 -2.847
202009 -0.696 109.815 -0.820
202012 -1.733 109.897 -2.041
202103 -1.900 111.754 -2.200
202106 -0.511 114.631 -0.577
202109 1.671 115.734 1.869
202112 -1.316 117.630 -1.448
202203 -2.853 121.301 -3.044
202206 -0.755 125.017 -0.782
202209 -0.699 125.227 -0.722
202212 -0.632 125.222 -0.653
202303 -0.659 127.348 -0.670
202306 -2.008 128.729 -2.019
202309 -1.290 129.860 -1.286
202312 0.380 129.419 0.380

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.


Spirit AeroSystems Holdings  (NYSE:SPR) 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.


Spirit AeroSystems Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Business Description

Traded in Other Exchanges
Address
3801 South Oliver Street, Wichita, KS, USA, 67210
Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.
Executives
Alan W Young officer: SVP Fab & Procurement Officer 3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Sean Black officer: SVP, Engineering 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mindy Mcpheeters officer: SVP, GC/Corp Sec 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Justin Welner officer: SVP, CAO & CCO 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mark Miklos officer: SVP, Defense & Space 3801 S. OLIVER, MC K11-60, WICHITA KS 67210
Kailash Krishnaswamy officer: SVP, Aftermarket 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Robert D Johnson director HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Ray James R Jr director COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Fitzgerald William Augustus Iii director 3801 S OLIVER, MC K11-60, WICHITA KS 67210
Patrick M Shanahan director C/O RESILIENCE CAPITAL PARTNERS LLC, 25101 CHAGRIN BLVD 350, BEACHWOOD OH 44122
Terry J George officer: SVP, Boeing 737 Program 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Damon Christopher Ward officer: Interim Corporate Controller 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Stephen Anthony Cambone director 3801 S OLIVER ST, MC K11-60, WICHITA KS 67210
Mcmullen Victor Rodney Jr officer: SVP, Wichita & Oklahoma Ops 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210
Scott Mclarty officer: SVP, Airbus Programs 3801 S OLIVER ST, MAIL CODE K11-60, WICHITA KS 67210