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Cineplex (TSX:CGX) Cyclically Adjusted Price-to-FCF : 7.06 (As of Jun. 07, 2024)


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What is Cineplex Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Cineplex's current share price is C$7.41. Cineplex's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$1.05. Cineplex's Cyclically Adjusted Price-to-FCF for today is 7.06.

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

TSX:CGX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.26   Med: 15.77   Max: 29.92
Current: 7.1

During the past years, Cineplex's highest Cyclically Adjusted Price-to-FCF was 29.92. The lowest was 3.26. And the median was 15.77.

TSX:CGX's Cyclically Adjusted Price-to-FCF is ranked better than
73.22% of 366 companies
in the Media - Diversified industry
Industry Median: 16.03 vs TSX:CGX: 7.10

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.

Cineplex's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$0.335. 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 C$1.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cineplex Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cineplex'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.

Cineplex Cyclically Adjusted Price-to-FCF Chart

Cineplex 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 20.03 7.59 12.56 7.92 9.21

Cineplex 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 8.37 8.30 8.67 9.21 7.01

Competitive Comparison of Cineplex's Cyclically Adjusted Price-to-FCF

For the Entertainment subindustry, Cineplex'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.


Cineplex's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cineplex's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Cineplex 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.41/1.05
=7.06

* 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.

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

For example, Cineplex'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)
=0.335/126.2576*126.2576
=0.335

Current CPI (Mar. 2024) = 126.2576.

Cineplex Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.291 99.473 0.369
201409 -0.166 99.394 -0.211
201412 1.773 98.367 2.276
201503 -0.684 99.789 -0.865
201506 0.535 100.500 0.672
201509 0.163 100.421 0.205
201512 2.105 99.947 2.659
201603 -0.823 101.054 -1.028
201606 0.038 102.002 0.047
201609 0.117 101.765 0.145
201612 1.605 101.449 1.998
201703 -0.650 102.634 -0.800
201706 -0.613 103.029 -0.751
201709 -0.178 103.345 -0.217
201712 1.104 103.345 1.349
201803 0.279 105.004 0.335
201806 -0.025 105.557 -0.030
201809 0.107 105.636 0.128
201812 0.950 105.399 1.138
201903 0.435 106.979 0.513
201906 0.468 107.690 0.549
201909 0.636 107.611 0.746
201912 1.105 107.769 1.295
202003 -0.285 107.927 -0.333
202006 0.030 108.401 0.035
202009 -1.571 108.164 -1.834
202012 -1.154 108.559 -1.342
202103 -0.749 110.298 -0.857
202106 0.160 111.720 0.181
202109 0.711 112.905 0.795
202112 0.323 113.774 0.358
202203 -0.272 117.646 -0.292
202206 0.505 120.806 0.528
202209 -0.135 120.648 -0.141
202212 0.630 120.964 0.658
202303 -0.235 122.702 -0.242
202306 1.168 124.203 1.187
202309 0.356 125.230 0.359
202312 0.595 125.072 0.601
202403 0.335 126.258 0.335

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.


Cineplex  (TSX:CGX) 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.


Cineplex Cyclically Adjusted Price-to-FCF Related Terms

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


Cineplex (TSX:CGX) Business Description

Traded in Other Exchanges
Address
1303 Yonge Street, 2nd Floor, Toronto, ON, CAN, M4T 2Y9
Cineplex Inc is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment include revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium. The film entertainment and content segment generates the majority of its revenue from audiences located in Canada.
Executives
Daniel F. Mcgrath Senior Officer
Gordon Nelson Senior Officer

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