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International Game Technology (FRA:IGT) Cyclically Adjusted Price-to-FCF : (As of Jun. 13, 2024)


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What is International Game Technology Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


International Game Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for International Game Technology'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.

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International Game Technology Cyclically Adjusted Price-to-FCF Chart

International Game Technology Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
Cyclically Adjusted Price-to-FCF
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International Game Technology Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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Competitive Comparison of International Game Technology's Cyclically Adjusted Price-to-FCF

For the Gambling subindustry, International Game Technology'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.


International Game Technology's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, International Game Technology's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



International Game Technology 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.

International Game Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2014 is calculated as:

For example, International Game Technology's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2014 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2014 (Change)*Current CPI (Dec. 2014)
=0.254/99.0697*99.0697
=0.254

Current CPI (Dec. 2014) = 99.0697.

International Game Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200503 0.262 81.555 0.318
200506 0.352 82.062 0.425
200509 0.205 83.876 0.242
200512 0.195 83.032 0.233
200603 -0.031 84.298 -0.036
200606 0.217 85.606 0.251
200609 0.329 85.606 0.381
200612 0.263 85.142 0.306
200703 0.144 86.640 0.165
200706 0.268 87.906 0.302
200709 0.381 87.964 0.429
200712 0.124 88.616 0.139
200803 -0.026 90.090 -0.029
200806 0.195 92.320 0.209
200809 0.116 92.307 0.124
200812 0.185 88.697 0.207
200903 -0.003 89.744 -0.003
200906 0.258 91.003 0.281
200909 0.261 91.120 0.284
200912 0.266 91.111 0.289
201003 0.110 91.821 0.119
201006 0.235 91.962 0.253
201009 0.270 92.162 0.290
201012 0.152 92.474 0.163
201103 0.272 94.283 0.286
201106 0.275 95.235 0.286
201109 0.276 95.727 0.286
201112 0.040 95.213 0.042
201203 0.095 96.783 0.097
201206 0.279 96.819 0.285
201209 0.235 97.633 0.238
201212 0.162 96.871 0.166
201303 0.201 98.209 0.203
201306 0.323 98.518 0.325
201309 0.274 98.790 0.275
201312 0.147 98.326 0.148
201403 -0.474 99.695 -0.471
201406 0.308 100.560 0.303
201409 0.369 100.428 0.364
201412 0.254 99.070 0.254

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.


International Game Technology  (FRA:IGT) 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.


International Game Technology Cyclically Adjusted Price-to-FCF Related Terms

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International Game Technology (FRA:IGT) Business Description

Traded in Other Exchanges
N/A
Address
Website
International Game Technology was incorporated in Nevada in December 1980. It is a gaming Company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms land-based, online real-money and social gaming. The Company manages operations in two geographic segments namely North America and International. North America consists of operations in the US and Canada and International encompasses its efforts in all other jurisdictions. The Company has two revenue streams within each business segment gaming operations and product sales. It includes the sales of gaming equipment, systems, services, licensing, and component parts in Product Sales. It provides casino games, gaming equipment and systems technology for land-based and online social gaming and wagering markets under for-sale or revenue sharing arrangements. IGT systems products include infrastructure and applications for casino management, customer relationship management, player management, and server-based gaming. Casino management solutions include integrated modules for machine accounting, patron management, cage and table accounting, ticket-in/ticket-out, bonusing, and table game automation. The Company's competitors include Ainsworth Game Technology Ltd, Aristocrat Leisure Limited, Bally Technologies, Inc., Konami Gaming Inc., Novomatic Group of Companies, and WMS Industries, Inc. At September 30, 2013, the Company held approximately 6,000 patents or patent applications and approximately 4,100 trademarks filed and registered around the world. he manufacture and distribution of casino games, gaming equipment, systems technology, and related services, as well as the operation of casinos, is subject to regulation by a variety of federal, state, international, tribal, and local agencies, with the majority of oversight provided by individual state gaming control boards.