Stock Analysis on Net

American Airlines Group Inc. (NASDAQ:AAL)

This company has been moved to the archive! The financial data has not been updated since February 21, 2024.

Price to FCFE (P/FCFE) 

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Free Cash Flow to Equity (FCFE)

American Airlines Group Inc., FCFE calculation

US$ in millions

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12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income (loss) 822 127 (1,993) (8,885) 1,686
Net noncash charges 2,745 2,228 1,656 1,125 2,996
Changes in operating assets and liabilities 236 (182) 1,041 1,217 (867)
Net cash provided by (used in) operating activities 3,803 2,173 704 (6,543) 3,815
Capital expenditures, net of aircraft purchase deposit returns (2,596) (2,546) (208) (1,958) (4,268)
Payments on long-term debt and finance leases (7,718) (3,752) (7,343) (3,535) (4,190)
Proceeds from issuance of long-term debt 4,822 1,069 12,190 11,780 3,960
Free cash flow to equity (FCFE) (1,689) (3,056) 5,343 (256) (683)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to American Airlines Group Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. American Airlines Group Inc. FCFE decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Price to FCFE Ratio, Current

American Airlines Group Inc., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 654,756,816
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) (1,689)
FCFE per share -2.58
Current share price (P) 14.79
Valuation Ratio
P/FCFE
Benchmarks
P/FCFE, Competitors1
FedEx Corp. 22.22
Uber Technologies Inc. 38.29
Union Pacific Corp. 32.81
United Parcel Service Inc. 14.59
P/FCFE, Sector
Transportation 25.22
P/FCFE, Industry
Industrials 23.42

Based on: 10-K (reporting date: 2023-12-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.


Price to FCFE Ratio, Historical

American Airlines Group Inc., historical P/FCFE calculation, comparison to benchmarks

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
No. shares of common stock outstanding1 654,756,816 651,430,518 649,160,117 639,675,800 426,058,744
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 (1,689) (3,056) 5,343 (256) (683)
FCFE per share3 -2.58 -4.69 8.23 -0.40 -1.60
Share price1, 4 14.79 15.56 17.43 17.99 28.33
Valuation Ratio
P/FCFE5 2.12
Benchmarks
P/FCFE, Competitors6
FedEx Corp. 25.37 19.48 36.75 13.28 38.51
Uber Technologies Inc. 50.60 333.68 139.66
Union Pacific Corp. 36.37 13.19 17.16 18.08 15.24
United Parcel Service Inc. 17.24 21.80 22.62 33.39 19.54
P/FCFE, Sector
Transportation 29.42 20.55 24.57 31.15 31.09
P/FCFE, Industry
Industrials 22.81 23.85 49.40 28.48

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2023 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= -1,689,000,000 ÷ 654,756,816 = -2.58

4 Closing price as at the filing date of American Airlines Group Inc. Annual Report.

5 2023 Calculation
P/FCFE = Share price ÷ FCFE per share
= 14.79 ÷ -2.58 =

6 Click competitor name to see calculations.