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Paramount Global (MEX:PARA) Cyclically Adjusted FCF per Share : MXN69.01 (As of Sep. 2024)


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What is Paramount Global 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.

Paramount Global's adjusted free cash flow per share for the three months ended in Sep. 2024 was MXN6.289. 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 MXN69.01 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Paramount Global's average Cyclically Adjusted FCF Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -2.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 0.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.40% 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 Paramount Global was 37.30% per year. The lowest was -7.20% per year. And the median was 5.00% per year.

As of today (2024-12-16), Paramount Global's current stock price is MXN229.09. Paramount Global's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was MXN69.01. Paramount Global's Cyclically Adjusted Price-to-FCF of today is 3.32.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Paramount Global was 27.74. The lowest was 2.94. And the median was 11.84.


Paramount Global Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Paramount Global'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.

Paramount Global Cyclically Adjusted FCF per Share Chart

Paramount Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 70.92 76.31 67.99 57.48

Paramount Global Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 60.07 57.48 53.96 60.62 69.01

Competitive Comparison of Paramount Global's Cyclically Adjusted FCF per Share

For the Entertainment subindustry, Paramount Global'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.


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

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

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



Paramount Global 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, Paramount Global's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=6.289/133.0289*133.0289
=6.289

Current CPI (Sep. 2024) = 133.0289.

Paramount Global Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 26.024 99.070 34.945
201503 12.051 99.621 16.092
201506 13.218 100.684 17.464
201509 -10.404 100.392 -13.786
201512 25.701 99.792 34.261
201603 36.877 100.470 48.827
201606 7.641 101.688 9.996
201609 0.564 101.861 0.737
201612 14.195 101.863 18.538
201703 31.321 102.862 40.507
201706 7.848 103.349 10.102
201709 0.223 104.136 0.285
201712 61.944 104.011 79.226
201803 32.335 105.290 40.854
201806 15.163 106.317 18.973
201809 4.935 106.507 6.164
201812 107.282 105.998 134.640
201903 27.101 107.251 33.615
201906 5.760 108.070 7.090
201909 12.511 108.329 15.364
201912 -16.904 108.420 -20.741
202003 11.610 108.902 14.182
202006 26.748 108.767 32.714
202009 47.721 109.815 57.809
202012 -12.332 109.897 -14.928
202103 53.807 111.754 64.050
202106 -0.241 114.631 -0.280
202109 -7.328 115.734 -8.423
202112 -24.509 117.630 -27.718
202203 10.552 121.301 11.572
202206 2.940 125.017 3.128
202209 -10.584 125.227 -11.243
202212 -7.109 125.222 -7.552
202303 -12.432 127.348 -12.987
202306 -2.423 128.729 -2.504
202309 9.591 129.860 9.825
202312 8.526 129.419 8.764
202403 5.304 131.776 5.354
202406 0.275 132.554 0.276
202409 6.289 133.029 6.289

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


Paramount Global  (MEX:PARA) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=229.09/69.01
=3.32

* 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 Paramount Global was 27.74. The lowest was 2.94. And the median was 11.84.


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.


Paramount Global Cyclically Adjusted FCF per Share Related Terms

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


Paramount Global Business Description

Address
1515 Broadway, New York, NY, USA, 10036
Paramount Global operates in three global business segments: TV media, filmed entertainment, and direct to consumer. The TV media business includes television production studios and various broadcast and cable networks, including CBS, 15 owned CBS affiliates, Paramount, Nickelodeon, MTV, BET, and VH1. Filmed entertainment consists multiple film studios, most importantly Paramount Pictures. The film studios produce and distribute movies that they license to movie theaters and other media outlets. Direct to consumer includes multiple streaming platforms, including Paramount+, which now includes Showtime, Pluto TV, and BET+. Much of the content on Paramount's streaming platforms is created by the production studios housed within the firm's other two business segments.