GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Bros. Discovery Inc (NAS:WBD) » Definitions » Cyclically Adjusted FCF per Share

WBD (Warner Bros. Discovery) Cyclically Adjusted FCF per Share : $3.27 (As of Dec. 2024)


View and export this data going back to 2005. Start your Free Trial

What is Warner Bros. Discovery 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.

Warner Bros. Discovery's adjusted free cash flow per share for the three months ended in Dec. 2024 was $0.990. 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 $3.27 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Warner Bros. Discovery's average Cyclically Adjusted FCF Growth Rate was 1.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.50% 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 Warner Bros. Discovery was 23.10% per year. The lowest was 4.30% per year. And the median was 18.70% per year.

As of today (2025-05-08), Warner Bros. Discovery's current stock price is $8.56. Warner Bros. Discovery's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was $3.27. Warner Bros. Discovery's Cyclically Adjusted Price-to-FCF of today is 2.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Warner Bros. Discovery was 41.51. The lowest was 2.14. And the median was 13.17.


Warner Bros. Discovery Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Warner Bros. Discovery'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.

Warner Bros. Discovery Cyclically Adjusted FCF per Share Chart

Warner Bros. Discovery 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 2.50 2.88 3.09 3.23 3.27

Warner Bros. Discovery Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 3.23 3.26 3.28 3.25 3.27

Competitive Comparison of Warner Bros. Discovery's Cyclically Adjusted FCF per Share

For the Entertainment subindustry, Warner Bros. Discovery'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.


Warner Bros. Discovery's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

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

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


;
;

Warner Bros. Discovery 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, Warner Bros. Discovery's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.99/133.1571*133.1571
=0.990

Current CPI (Dec. 2024) = 133.1571.

Warner Bros. Discovery Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.043 99.621 0.057
201506 0.478 100.684 0.632
201509 0.358 100.392 0.475
201512 0.946 99.792 1.262
201603 0.075 100.470 0.099
201606 0.487 101.688 0.638
201609 0.694 101.861 0.907
201612 0.886 101.863 1.158
201703 0.354 102.862 0.458
201706 0.272 103.349 0.350
201709 1.224 104.136 1.565
201712 0.766 104.011 0.981
201803 0.184 105.290 0.233
201806 0.733 106.317 0.918
201809 1.272 106.507 1.590
201812 1.242 105.998 1.560
201903 0.697 107.251 0.865
201906 0.832 108.070 1.025
201909 1.240 108.329 1.524
201912 1.613 108.420 1.981
202003 0.336 108.902 0.411
202006 1.304 108.767 1.596
202009 1.171 109.815 1.420
202012 0.509 109.897 0.617
202103 0.268 111.754 0.319
202106 1.140 114.631 1.324
202109 1.063 115.734 1.223
202112 1.186 117.630 1.343
202203 0.358 121.301 0.393
202206 0.345 125.017 0.367
202209 -0.079 125.227 -0.084
202212 1.019 125.222 1.084
202303 -0.382 127.348 -0.399
202306 0.707 128.729 0.731
202309 0.845 129.860 0.866
202312 1.359 129.419 1.398
202403 0.160 131.776 0.162
202406 0.398 132.554 0.400
202409 0.256 133.029 0.256
202412 0.990 133.157 0.990

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


Warner Bros. Discovery  (NAS:WBD) 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.

Warner Bros. Discovery's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=8.56/3.27
=2.62

* 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 Warner Bros. Discovery was 41.51. The lowest was 2.14. And the median was 13.17.


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.


Warner Bros. Discovery Cyclically Adjusted FCF per Share Related Terms

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


Warner Bros. Discovery Business Description

Address
230 Park Avenue South, New York, NY, USA, 10003
Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. It operates in three global business segments: studios, networks, and direct-to-consumer. Warner Bros. Pictures is the crown jewel of the studios business, producing, distributing, and licensing movies and television shows. The networks business consists of basic cable networks, such as CNN, TNT, TBS, Discovery, HGTV, and the Food Network. Direct-to-consumer includes HBO and the firm's streaming platforms, which have now been consolidated to Max and Discovery+. Much of the DTC content is created within the firm's other two business segments. Each segment operates with a global reach, with Max available in over 70 countries.
Executives
Di Piazza Samuel A Jr. director 100 BROOKWOOD PLACE, BIRMINGHAM AL 35209
David Zaslav director, officer: Chief Executive Officer & Pres C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Savalle Sims officer: General Counsel C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Gerhard Zeiler officer: President, International C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Advance/newhouse Partnership director 5015 CAMPUSWOOD DR., EAST SYRACUSE NY 13057
Steven O Newhouse director 6350 COURT STREET, EAST SYRACUSE NY 13057-1211
Advance/newhouse Programming Partnership director, 10 percent owner 5000 CAMPUSWOOD DRIVE, E. SYRACUSE NY 13057
Gunnar Wiedenfels officer: Chief Financial Officer C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Fazal F Merchant director 2230 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245
Geoffrey Y Yang director 3000 SAND HILL ROAD, 2-290, MENLO PARK CA 94025
Paul A Gould director 711 FIFTH AVENUE, 9TH FLOOR, NEW YORK NY 10022
Robert R Bennett director 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
David Leavy officer: Chief Communications Officer C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Li Haslett Chen director C/O WARNER BROS. DISCOVERY, INC., 230 PARK AVENUE SOUTH, NEW YORK NY 10003
Debra L Lee director C/O BLACK ENTERTAINMENT, 1 BET PLZ. 1900W PLACE N.W., WASHINGTON DC 20018