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Caesars Entertainment (FRA:2ER) Cyclically Adjusted Price-to-FCF : 66.46 (As of May. 16, 2024)


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What is Caesars Entertainment Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Caesars Entertainment's current share price is €33.23. Caesars Entertainment's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.50. Caesars Entertainment's Cyclically Adjusted Price-to-FCF for today is 66.46.

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

FRA:2ER' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 60.26   Med: 80.68   Max: 135.67
Current: 66.78

During the past years, Caesars Entertainment's highest Cyclically Adjusted Price-to-FCF was 135.67. The lowest was 60.26. And the median was 80.68.

FRA:2ER's Cyclically Adjusted Price-to-FCF is ranked worse than
84.05% of 351 companies
in the Travel & Leisure industry
Industry Median: 21.91 vs FRA:2ER: 66.78

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.

Caesars Entertainment's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.784. 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 €0.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Caesars Entertainment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Caesars Entertainment'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.

Caesars Entertainment Cyclically Adjusted Price-to-FCF Chart

Caesars Entertainment 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 - - - - 71.98

Caesars Entertainment 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 134.17 88.15 80.78 71.98 79.57

Competitive Comparison of Caesars Entertainment's Cyclically Adjusted Price-to-FCF

For the Resorts & Casinos subindustry, Caesars Entertainment'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.


Caesars Entertainment's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Caesars Entertainment's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Caesars Entertainment 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=33.23/0.5
=66.46

* 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.

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

For example, Caesars Entertainment'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)
=-0.784/129.4194*129.4194
=-0.784

Current CPI (Mar. 2024) = 129.4194.

Caesars Entertainment Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.015 100.560 -0.019
201409 0.326 100.428 0.420
201412 0.091 99.070 0.119
201503 -0.318 99.621 -0.413
201506 0.330 100.684 0.424
201509 -0.099 100.392 -0.128
201512 0.454 99.792 0.589
201603 0.004 100.470 0.005
201606 0.524 101.688 0.667
201609 0.205 101.861 0.260
201612 0.257 101.863 0.327
201703 -0.020 102.862 -0.025
201706 -0.340 103.349 -0.426
201709 0.489 104.136 0.608
201712 0.293 104.011 0.365
201803 0.589 105.290 0.724
201806 0.400 106.317 0.487
201809 0.887 106.507 1.078
201812 0.019 105.998 0.023
201903 0.305 107.251 0.368
201906 0.041 108.070 0.049
201909 1.083 108.329 1.294
201912 0.194 108.420 0.232
202003 0.081 108.902 0.096
202006 -1.432 108.767 -1.704
202009 -1.078 109.815 -1.270
202012 -1.841 109.897 -2.168
202103 -0.040 111.754 -0.046
202106 0.653 114.631 0.737
202109 0.667 115.734 0.746
202112 0.067 117.630 0.074
202203 -1.990 121.301 -2.123
202206 0.422 125.017 0.437
202209 0.451 125.227 0.466
202212 1.275 125.222 1.318
202303 -0.426 127.348 -0.433
202306 1.978 128.729 1.989
202309 0.048 129.860 0.048
202312 0.590 129.419 0.590
202403 -0.784 129.419 -0.784

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.


Caesars Entertainment  (FRA:2ER) 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.


Caesars Entertainment Cyclically Adjusted Price-to-FCF Related Terms

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Caesars Entertainment (FRA:2ER) Business Description

Traded in Other Exchanges
Address
100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (58% of 2022 EBITDAR before corporate and digital expenses) and regional (59%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced material EBITDA losses in 2022. Caesars' U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the U.S. portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

Caesars Entertainment (FRA:2ER) Headlines

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