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Directv (FRA:DIG1) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is Directv Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Directv Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Directv'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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Directv Cyclically Adjusted Price-to-FCF Chart

Directv Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted Price-to-FCF
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Directv Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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Competitive Comparison of Directv's Cyclically Adjusted Price-to-FCF

For the Broadcasting subindustry, Directv'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.


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

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

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



Directv 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.

Directv's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2015 is calculated as:

For example, Directv's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2015 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2015 (Change)*Current CPI (Mar. 2015)
=1.689/99.6211*99.6211
=1.689

Current CPI (Mar. 2015) = 99.6211.

Directv Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200506 0.058 82.062 0.070
200509 0.111 83.876 0.132
200512 0.117 83.032 0.140
200603 0.139 84.298 0.164
200606 0.212 85.606 0.247
200609 0.205 85.606 0.239
200612 0.184 85.142 0.215
200703 0.189 86.640 0.217
200706 0.122 87.906 0.138
200709 0.050 87.964 0.057
200712 0.214 88.616 0.241
200803 0.304 90.090 0.336
200806 0.209 92.320 0.226
200809 0.208 92.307 0.224
200812 0.305 88.697 0.343
200903 0.343 89.744 0.381
200906 0.389 91.003 0.426
200909 0.451 91.120 0.493
200912 0.514 91.111 0.562
201003 0.810 91.821 0.879
201006 0.345 91.962 0.374
201009 0.585 92.162 0.632
201012 0.617 92.474 0.665
201103 0.595 94.283 0.629
201106 0.357 95.235 0.373
201109 0.232 95.727 0.241
201112 0.774 95.213 0.810
201203 1.058 96.783 1.089
201206 0.573 96.819 0.590
201209 0.394 97.633 0.402
201212 0.677 96.871 0.696
201303 0.950 98.209 0.964
201306 0.711 98.518 0.719
201309 0.511 98.790 0.515
201312 1.388 98.326 1.406
201403 1.244 99.695 1.243
201406 0.945 100.560 0.936
201409 1.212 100.428 1.202
201412 1.294 99.070 1.301
201503 1.689 99.621 1.689

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.


Directv  (FRA:DIG1) 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.


Directv Cyclically Adjusted Price-to-FCF Related Terms

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Directv (FRA:DIG1) Business Description

Traded in Other Exchanges
N/A
Address
Directv was incorporated in Delaware in 2009. The Company is a provider of digital television entertainment in the United States and Latin America. It operates two direct-to-home, or DTH, business units: DIRECTV U.S. and DIRECTV Latin America, which are differentiated by their geographic location and are engaged in acquiring, promoting, selling and distributing digital entertainment programming via satellite to residential and commercial subscribers. In addition, the Company owns and operate two regional sports networks, or RSNs, hold a minority ownership interest in ROOT SPORTS Northwest and own a 42% interest in Game Show Network, LLC, or GSN, a television network dedicated to game-related programming and Internet interactive game playing. The Company face substantial competition in the MVPD industry and from emerging digital media distribution providers. Its competition includes companies that offer video, audio, interactive programming, telephony, data and other entertainment services, such as cable television, other DTH companies, telcos, wireless companies and companies that are developing new technologies, including online video distributors. The Company provides services in PanAmericana and Brazil from leased transponders on two geosynchronous satellites. Sky Mexico provides its services from leased transponders on a separate satellite. In addition, it leases a backup satellite that serves Sky Brasil and Sky Mexico. The Company is subject to government regulation in the United States, by the FCC and by other federal, state and local authorities. The Company is subject to similar regulatory agencies in Latin America. It is also subject to the rules and procedures of the International Telecommunication Union, or ITU, a agency of the United Nations, which coordinates telecommunications networks and services.

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