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GMA Network (PHS:GMA7) Cyclically Adjusted FCF per Share : ₱0.99 (As of Mar. 2024)


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What is GMA Network 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.

GMA Network's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱0.221. 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 ₱0.99 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GMA Network'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 14.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.20% 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 GMA Network was 14.90% per year. The lowest was 9.60% per year. And the median was 14.70% per year.

As of today (2024-06-22), GMA Network's current stock price is ₱7.21. GMA Network's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱0.99. GMA Network's Cyclically Adjusted Price-to-FCF of today is 7.28.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of GMA Network was 21.49. The lowest was 7.08. And the median was 9.48.


GMA Network Cyclically Adjusted FCF per Share Historical Data

The historical data trend for GMA Network'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.

GMA Network Cyclically Adjusted FCF per Share Chart

GMA Network 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 0.61 0.62 0.79 0.92 0.94

GMA Network Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.93 0.97 0.96 0.94 0.99

Competitive Comparison of GMA Network's Cyclically Adjusted FCF per Share

For the Broadcasting subindustry, GMA Network'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.


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

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

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



GMA Network 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, GMA Network'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)
=0.221/131.7762*131.7762
=0.221

Current CPI (Mar. 2024) = 131.7762.

GMA Network Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.255 100.560 0.334
201409 0.067 100.428 0.088
201412 -0.206 99.070 -0.274
201503 0.032 99.621 0.042
201506 0.428 100.684 0.560
201509 0.501 100.392 0.658
201512 -0.077 99.792 -0.102
201603 0.326 100.470 0.428
201606 0.556 101.688 0.721
201609 0.128 101.861 0.166
201612 -0.045 101.863 -0.058
201703 0.196 102.862 0.251
201706 0.360 103.349 0.459
201709 0.208 104.136 0.263
201712 -0.105 104.011 -0.133
201803 0.589 105.290 0.737
201806 -0.598 106.317 -0.741
201809 0.469 106.507 0.580
201812 0.042 105.998 0.052
201903 0.132 107.251 0.162
201906 -0.016 108.070 -0.020
201909 0.368 108.329 0.448
201912 0.066 108.420 0.080
202003 0.014 108.902 0.017
202006 -0.130 108.767 -0.158
202009 0.638 109.815 0.766
202012 0.061 109.897 0.073
202103 0.383 111.754 0.452
202106 0.338 114.631 0.389
202109 0.678 115.734 0.772
202112 0.385 117.630 0.431
202203 0.961 121.301 1.044
202206 0.248 125.017 0.261
202209 0.080 125.227 0.084
202212 0.040 125.222 0.042
202303 0.034 127.348 0.035
202306 0.585 128.729 0.599
202309 0.359 129.860 0.364
202312 -0.155 129.419 -0.158
202403 0.221 131.776 0.221

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


GMA Network  (PHS:GMA7) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.21/0.99
=7.28

* 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 GMA Network was 21.49. The lowest was 7.08. And the median was 9.48.


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.


GMA Network Cyclically Adjusted FCF per Share Related Terms

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


GMA Network (PHS:GMA7) Business Description

Traded in Other Exchanges
N/A
Address
GMA Network Center, Timog Avenue EDSA corner, Diliman, Quezon, PHL, 1103
GMA Network Inc is a media broadcasting company. The company has three operating segments namely, Television and Radio airtime, International Subscription, and Other Businesses. Its television and Radio segment is engaged in broadcasting activities and the sale of national and regional advertising time. The International Subscription segment is engaged in subscription arrangements with international cable companies and the Other Businesses segment includes movie production, consumer products, and other services. Geographically, it operates in the Philippines and other countries, of which a majority of the revenue is derived from the Philippines.

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