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Sky (LSE:SKY) Cyclically Adjusted Price-to-FCF : (As of May. 16, 2024)


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What is Sky Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sky Cyclically Adjusted Price-to-FCF Historical Data

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

Sky Annual Data
Trend Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
Cyclically Adjusted Price-to-FCF
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Sky Semi-Annual Data
Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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Competitive Comparison of Sky's Cyclically Adjusted Price-to-FCF

For the Broadcasting subindustry, Sky'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.


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

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

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



Sky 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.

Sky's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun18 is calculated as:

For example, Sky's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun18 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun18 (Change)*Current CPI (Jun18)
=0.336/105.9000*105.9000
=0.336

Current CPI (Jun18) = 105.9000.

Sky Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200906 0.234 88.100 0.281
201006 0.412 90.200 0.484
201106 0.455 93.500 0.515
201206 0.600 95.600 0.665
201306 0.702 98.000 0.759
201406 0.605 99.800 0.642
201506 0.685 100.100 0.725
201606 0.542 101.000 0.568
201706 0.536 103.500 0.548
201806 0.336 105.900 0.336

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.


Sky  (LSE:SKY) 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.


Sky Cyclically Adjusted Price-to-FCF Related Terms

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Sky (LSE:SKY) Business Description

Traded in Other Exchanges
N/A
Address
Sky is the U.K.'s only satellite television operator and its largest pay-TV provider, with 12.9 million retail subscribers. It is also the largest pay-TV provider in Italy, with 4.8 million customers, and is a large operator in Germany and Austria, with 5.3 million pay-TV subscribers. The firm's strategy is to dominate the pay-TV markets in its respective countries. In the U.K., it also offers bundles of broadband, telephony and other services. In total, it sells 61.7 million products.