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Comcast (BSP:CMCS34) Cyclically Adjusted FCF per Share : R$3.76 (As of Mar. 2025)


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What is Comcast Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Comcast's adjusted free cash flow per share for the three months ended in Mar. 2025 was R$1.650. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$3.76 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Comcast's average Cyclically Adjusted FCF Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 13.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Comcast was 220.80% per year. The lowest was -10.70% per year. And the median was 14.50% per year.

As of today (2025-04-27), Comcast's current stock price is R$38.57. Comcast's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was R$3.76. Comcast's Cyclically Adjusted Price-to-FCF of today is 10.26.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Comcast was 30.90. The lowest was 10.15. And the median was 22.18.


Comcast Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Comcast's Cyclically Adjusted FCF per Share 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.

Comcast Cyclically Adjusted FCF per Share Chart

Comcast Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.19 2.79 2.90 2.90 3.94

Comcast Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share 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 3.10 3.48 3.42 3.94 3.76

Competitive Comparison of Comcast's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Comcast'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.


Comcast's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

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

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


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Comcast Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Comcast's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.65/134.9266*134.9266
=1.650

Current CPI (Mar. 2025) = 134.9266.

Comcast Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.159 100.684 0.213
201509 0.390 100.392 0.524
201512 0.404 99.792 0.546
201603 0.471 100.470 0.633
201606 0.247 101.688 0.328
201609 0.182 101.861 0.241
201612 0.381 101.863 0.505
201703 0.409 102.862 0.536
201706 0.330 103.349 0.431
201709 0.303 104.136 0.393
201712 0.310 104.011 0.402
201803 0.430 105.290 0.551
201806 0.699 106.317 0.887
201809 0.559 106.507 0.708
201812 0.349 105.998 0.444
201903 0.768 107.251 0.966
201906 0.711 108.070 0.888
201909 0.370 108.329 0.461
201912 0.419 108.420 0.521
202003 0.704 108.902 0.872
202006 1.344 108.767 1.667
202009 0.534 109.815 0.656
202012 0.337 109.897 0.414
202103 1.276 111.754 1.541
202106 1.031 114.631 1.214
202109 0.732 115.734 0.853
202112 0.928 117.630 1.064
202203 1.039 121.301 1.156
202206 0.714 125.017 0.771
202209 0.811 125.227 0.874
202212 0.325 125.222 0.350
202303 0.936 127.348 0.992
202306 0.794 128.729 0.832
202309 0.961 129.860 0.998
202312 0.415 129.419 0.433
202403 1.132 131.776 1.159
202406 0.368 132.554 0.375
202409 0.972 133.029 0.986
202412 1.035 133.157 1.049
202503 1.650 134.927 1.650

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Comcast  (BSP:CMCS34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Comcast's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.57/3.76
=10.26

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Comcast was 30.90. The lowest was 10.15. And the median was 22.18.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Comcast Cyclically Adjusted FCF per Share Related Terms

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


Comcast Business Description

Address
One Comcast Center, Philadelphia, PA, USA, 19103-2838
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is a large television provider in the UK and has invested heavily in proprietary content to build this position. Sky is also a large pay-television provider in Italy and has a presence in Germany and Austria.

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