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Cablevision Systems (FRA:CVY) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Cablevision Systems Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cablevision Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cablevision Systems'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.

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Cablevision Systems Cyclically Adjusted Price-to-FCF Chart

Cablevision Systems Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted Price-to-FCF
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Cablevision Systems Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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Competitive Comparison of Cablevision Systems's Cyclically Adjusted Price-to-FCF

For the Broadcasting subindustry, Cablevision Systems'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.


Cablevision Systems's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

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

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



Cablevision Systems 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.

Cablevision Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2016 is calculated as:

For example, Cablevision Systems's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2016 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=0.011/100.4704*100.4704
=0.011

Current CPI (Mar. 2016) = 100.4704.

Cablevision Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200606 0.416 85.606 0.488
200609 0.154 85.606 0.181
200612 0.135 85.142 0.159
200703 0.204 86.640 0.237
200706 0.087 87.906 0.099
200709 0.003 87.964 0.003
200712 0.165 88.616 0.187
200803 0.149 90.090 0.166
200806 0.555 92.320 0.604
200809 0.159 92.307 0.173
200812 0.115 88.697 0.130
200903 0.503 89.744 0.563
200906 0.558 91.003 0.616
200909 0.525 91.120 0.579
200912 0.522 91.111 0.576
201003 0.522 91.821 0.571
201006 0.510 91.962 0.557
201009 0.579 92.162 0.631
201012 -0.247 92.474 -0.268
201103 0.719 94.283 0.766
201106 0.487 95.235 0.514
201109 0.167 95.727 0.175
201112 0.024 95.213 0.025
201203 0.044 96.783 0.046
201206 0.195 96.819 0.202
201209 0.404 97.633 0.416
201212 0.807 96.871 0.837
201303 -0.144 98.209 -0.147
201306 0.792 98.518 0.808
201309 0.112 98.790 0.114
201312 -0.243 98.326 -0.248
201403 0.261 99.695 0.263
201406 0.503 100.560 0.503
201409 0.333 100.428 0.333
201412 0.264 99.070 0.268
201503 0.142 99.621 0.143
201506 0.497 100.684 0.496
201509 0.362 100.392 0.362
201512 0.416 99.792 0.419
201603 0.011 100.470 0.011

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.


Cablevision Systems  (FRA:CVY) 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.


Cablevision Systems Cyclically Adjusted Price-to-FCF Related Terms

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


Cablevision Systems (FRA:CVY) Business Description

Traded in Other Exchanges
N/A
Address
Cablevision Systems Corp is a Delaware corporation which was organized in 1997. It operates through its subsidiary, CSC Holdings. CSC Holdings is a cable operator in the United States. It also provides high-speed data and Voice over Internet Protocol services using its television broadband network; and Ethernet-based data, Internet, voice and video transport and managed services, to the business market in the New York metropolitan area. One of its subsidiaries also operates a newspaper publishing business. It also owns a cable television advertising sales business and regional news and other local programming services businesses. The Company classifies its operations into three reportable segments: Cable, consisting principally of video, high-speed data, and VoIP services; Lightpath; and Other, consisting principally of Newsday, which includes the Newsday daily newspaper, amNew York, Star Community Publishing Group, and online websites including newsday.com and exploreLI.com, the News 12 Networks, which provides regional news programming services, Cablevision Media Sales Corporation, a cable television advertising company, and MSG Varsity, a program service dedicated to showcasing high school sports and activities and other local programming. The Company's cable television systems are operated in New York, New Jersey, and Connecticut under non-exclusive franchise agreements, where required by the franchising authority, with state and/or municipal or county franchising authorities. The Company's competitors include Verizon Communications, Inc., AT&T Inc., RCN Corporation, among others. Its cable television systems are subject to federal, state and local regulations.

Cablevision Systems (FRA:CVY) Headlines

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