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Comcast (BSP:CMCS34) Cyclically Adjusted Price-to-FCF : 12.96 (As of Apr. 29, 2024)


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What is Comcast Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Comcast's current share price is R$39.54. Comcast's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$3.05. Comcast's Cyclically Adjusted Price-to-FCF for today is 12.96.

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

BSP:CMCS34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.61   Med: 24.18   Max: 33.32
Current: 12.71

During the past years, Comcast's highest Cyclically Adjusted Price-to-FCF was 33.32. The lowest was 10.61. And the median was 24.18.

BSP:CMCS34's Cyclically Adjusted Price-to-FCF is ranked better than
50.26% of 191 companies
in the Telecommunication Services industry
Industry Median: 13.06 vs BSP:CMCS34: 12.71

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 adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$1.132. 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 R$3.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Comcast Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Comcast'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.

Comcast Cyclically Adjusted Price-to-FCF Chart

Comcast 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 23.00 24.40 20.17 12.73 14.66

Comcast Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 13.46 14.38 14.96 14.66 14.28

Competitive Comparison of Comcast's Cyclically Adjusted Price-to-FCF

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.



Comcast 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=39.54/3.05
=12.96

* 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.

Comcast's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Comcast'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)
=1.132/129.4194*129.4194
=1.132

Current CPI (Mar. 2024) = 129.4194.

Comcast Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.085 100.560 0.109
201409 0.228 100.428 0.294
201412 0.207 99.070 0.270
201503 0.399 99.621 0.518
201506 0.159 100.684 0.204
201509 0.390 100.392 0.503
201512 0.404 99.792 0.524
201603 0.471 100.470 0.607
201606 0.247 101.688 0.314
201609 0.182 101.861 0.231
201612 0.381 101.863 0.484
201703 0.409 102.862 0.515
201706 0.330 103.349 0.413
201709 0.303 104.136 0.377
201712 0.310 104.011 0.386
201803 0.430 105.290 0.529
201806 0.699 106.317 0.851
201809 0.559 106.507 0.679
201812 0.349 105.998 0.426
201903 0.768 107.251 0.927
201906 0.711 108.070 0.851
201909 0.370 108.329 0.442
201912 0.419 108.420 0.500
202003 0.704 108.902 0.837
202006 1.344 108.767 1.599
202009 0.534 109.815 0.629
202012 0.337 109.897 0.397
202103 1.276 111.754 1.478
202106 1.031 114.631 1.164
202109 0.732 115.734 0.819
202112 0.928 117.630 1.021
202203 1.039 121.301 1.109
202206 0.714 125.017 0.739
202209 0.811 125.227 0.838
202212 0.325 125.222 0.336
202303 0.936 127.348 0.951
202306 0.794 128.729 0.798
202309 0.961 129.860 0.958
202312 0.415 129.419 0.415
202403 1.132 129.419 1.132

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.


Comcast  (BSP:CMCS34) 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.


Comcast Cyclically Adjusted Price-to-FCF Related Terms

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


Comcast (BSP:CMCS34) 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 62 million U.S. homes and businesses, or nearly half of the country. About 55% of the homes 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 broadcast network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the U.K. and has invested heavily in proprietary content to build this position. Sky is also the largest pay-television provider in Italy and has a presence in Germany and Austria.

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