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Cumulus Media (Cumulus Media) Cyclically Adjusted Price-to-FCF : 1.14 (As of Apr. 28, 2024)


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What is Cumulus Media Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Cumulus Media's current share price is $2.68. Cumulus Media's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.36. Cumulus Media's Cyclically Adjusted Price-to-FCF for today is 1.14.

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

CMLS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.14   Med: 5.11   Max: 9.53
Current: 1.14

During the past years, Cumulus Media's highest Cyclically Adjusted Price-to-FCF was 9.53. The lowest was 1.14. And the median was 5.11.

CMLS's Cyclically Adjusted Price-to-FCF is ranked better than
94.96% of 357 companies
in the Media - Diversified industry
Industry Median: 16.88 vs CMLS: 1.14

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.

Cumulus Media's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.031. 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 $2.36 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cumulus Media Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cumulus Media'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.

Cumulus Media Cyclically Adjusted Price-to-FCF Chart

Cumulus Media 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 - - 5.98 5.21 2.26

Cumulus Media 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 5.21 2.84 3.04 5.85 2.26

Competitive Comparison of Cumulus Media's Cyclically Adjusted Price-to-FCF

For the Broadcasting subindustry, Cumulus Media'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.


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

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

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



Cumulus Media 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.68/2.36
=1.14

* 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.

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

For example, Cumulus Media'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)
=-0.031/129.4194*129.4194
=-0.031

Current CPI (Dec. 2023) = 129.4194.

Cumulus Media Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.318 99.695 1.711
201406 -0.185 100.560 -0.238
201409 1.678 100.428 2.162
201412 1.036 99.070 1.353
201503 0.373 99.621 0.485
201506 0.342 100.684 0.440
201509 1.764 100.392 2.274
201512 -0.314 99.792 -0.407
201603 0.992 100.470 1.278
201606 -0.528 101.688 -0.672
201609 0.069 101.861 0.088
201612 -0.098 101.863 -0.125
201703 0.467 102.862 0.588
201706 -0.340 103.349 -0.426
201709 0.332 104.136 0.413
201712 1.405 104.011 1.748
201803 1.343 105.290 1.651
201806 0.000 106.317 0.000
201809 -0.270 106.507 -0.328
201812 0.000 105.998 0.000
201903 0.852 107.251 1.028
201906 1.035 108.070 1.239
201909 1.357 108.329 1.621
201912 0.448 108.420 0.535
202003 1.044 108.902 1.241
202006 1.245 108.767 1.481
202009 0.259 109.815 0.305
202012 -1.637 109.897 -1.928
202103 1.129 111.754 1.307
202106 -0.700 114.631 -0.790
202109 0.121 115.734 0.135
202112 1.263 117.630 1.390
202203 0.924 121.301 0.986
202206 -0.007 125.017 -0.007
202209 0.901 125.227 0.931
202212 0.591 125.222 0.611
202303 0.891 127.348 0.905
202306 0.276 128.729 0.277
202309 -0.839 129.860 -0.836
202312 -0.031 129.419 -0.031

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.


Cumulus Media  (NAS:CMLS) 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.


Cumulus Media Cyclically Adjusted Price-to-FCF Related Terms

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


Cumulus Media (Cumulus Media) Business Description

Traded in Other Exchanges
Address
780 Johnson Ferry Road NE, Suite 500, Atlanta, GA, USA, 30342
Cumulus Media Inc is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company's revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations.
Executives
Deborah A Farrington director STARVEST PARTNERS, L.P., 750 LEXINGTON AVENUE, 15TH FLOOR, NEW YORK NY 10022
David Edward Milner officer: EVP - Operations 3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Richard Denning officer: EVP, GEN COUNSEL & SECRETARY 3280 PEACHTREE ROAD NW SUITE 2300, ATLANTA GA 30305
Brigade Capital Management, Lp 10 percent owner 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Francisco J Lopez-balboa officer: EVP and CFO 3280 PEACHTREE ROAD, N.W., ATLANTA GA 30305
Sallie Kimbrough officer: See Remarks 3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Robert J Walker officer: EVP - Operations 3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Mary G. Berner director, officer: PRESIDENT & CEO C/O CUMULUS MEDIA, INC., 3280 PEACHTREE ROAD, NW, ATLANTA GA 30305
Suzanne M Grimes officer: EVP Corporate Marketing 200 EAST BASSE ROAD, SAN ANTONIO TX 78209
John Abbot officer: EVP, TREASURER & CFO
Sp Signal Manager, Llc 10 percent owner 2 GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Nimbus Atlas Llc 10 percent owner 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Thomas H Castro director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Matthew Blank director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
David M Baum director 784 MORRIS TURNPIKE #367, SHORT HILLS NJ 07078

Cumulus Media (Cumulus Media) Headlines

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