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Light & Wonder (Light & Wonder) Cyclically Adjusted Price-to-FCF : 54.38 (As of Jun. 04, 2024)


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What is Light & Wonder Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Light & Wonder's current share price is $96.80. Light & Wonder's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.78. Light & Wonder's Cyclically Adjusted Price-to-FCF for today is 54.38.

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

LNW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.39   Med: 38.12   Max: 108.13
Current: 54.57

During the past years, Light & Wonder's highest Cyclically Adjusted Price-to-FCF was 108.13. The lowest was 5.39. And the median was 38.12.

LNW's Cyclically Adjusted Price-to-FCF is ranked worse than
80.23% of 349 companies
in the Travel & Leisure industry
Industry Median: 21.69 vs LNW: 54.57

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.

Light & Wonder's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.141. 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 $1.78 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Light & Wonder Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Light & Wonder'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.

Light & Wonder Cyclically Adjusted Price-to-FCF Chart

Light & Wonder 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 25.91 31.48 36.47 46.42 49.07

Light & Wonder 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 41.54 48.09 44.65 49.07 57.33

Competitive Comparison of Light & Wonder's Cyclically Adjusted Price-to-FCF

For the Gambling subindustry, Light & Wonder'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.


Light & Wonder's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

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

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



Light & Wonder 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.

Light & Wonder's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=96.80/1.78
=54.38

* 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.

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

For example, Light & Wonder'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)
=1.141/131.7762*131.7762
=1.141

Current CPI (Mar. 2024) = 131.7762.

Light & Wonder Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.371 100.560 -0.486
201409 0.764 100.428 1.002
201412 -1.082 99.070 -1.439
201503 0.067 99.621 0.089
201506 -0.397 100.684 -0.520
201509 0.584 100.392 0.767
201512 0.797 99.792 1.052
201603 0.576 100.470 0.755
201606 0.108 101.688 0.140
201609 0.790 101.861 1.022
201612 0.201 101.863 0.260
201703 0.563 102.862 0.721
201706 1.006 103.349 1.283
201709 0.397 104.136 0.502
201712 0.427 104.011 0.541
201803 -0.644 105.290 -0.806
201806 -0.110 106.317 -0.136
201809 1.440 106.507 1.782
201812 -1.187 105.998 -1.476
201903 1.087 107.251 1.336
201906 0.323 108.070 0.394
201909 0.702 108.329 0.854
201912 1.355 108.420 1.647
202003 0.713 108.902 0.863
202006 0.137 108.767 0.166
202009 1.389 109.815 1.667
202012 1.245 109.897 1.493
202103 0.926 111.754 1.092
202106 1.135 114.631 1.305
202109 1.455 115.734 1.657
202112 1.663 117.630 1.863
202203 0.526 121.301 0.571
202206 -0.989 125.017 -1.042
202209 -4.260 125.227 -4.483
202212 -1.526 125.222 -1.606
202303 1.419 127.348 1.468
202306 -0.275 128.729 -0.282
202309 1.457 129.860 1.479
202312 1.151 129.419 1.172
202403 1.141 131.776 1.141

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.


Light & Wonder  (NAS:LNW) 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.


Light & Wonder Cyclically Adjusted Price-to-FCF Related Terms

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


Light & Wonder (Light & Wonder) Business Description

Traded in Other Exchanges
Address
6601 Bermuda Road, Las Vegas, NV, USA, 89119
Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the top three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about a quarter of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
Executives
Vanja Kalabic officer: Chief Accounting Officer LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89118
Maria T Vullo director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Antonia Korsanos director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Oliver Chow officer: Interim CFO LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Hamish Mclennan director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Jamie Odell director C/O LIGHT & WONDER, INC., 6601 BERMUDA RD, LAS VEGAS NV 89119
Fine Capital Partners, L.p. 10 percent owner 3 COLUMBUS CIRCLE, 15TH FLOOR, NEW YORK NY 10019
Michael J Regan director 14 BRENNER PLACE, DEMAREST NJ 07627
Siobhan Lane officer: EVP & Grp Chief Exec of Gaming C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Stephen W Morro director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Debra Fine 10 percent owner 590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
Fine Capital Advisors, Llc 10 percent owner 590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
James Constance P. officer: EVP, CFO, Treas & Corp Sec C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Virginia E Shanks director 4170 CAUGHLIN PARKWAY, RENO NV 89519
Ronald O Perelman director, 10 percent owner 35 EAST 62ND STREET, NEW YORK NY 10021