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PENN Entertainment (STU:PN1) Cyclically Adjusted Price-to-FCF : 5.71 (As of May. 01, 2024)


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

As of today (2024-05-01), PENN Entertainment's current share price is €15.356. PENN Entertainment's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €2.69. PENN Entertainment's Cyclically Adjusted Price-to-FCF for today is 5.71.

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

STU:PN1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.16   Med: 12.4   Max: 53.25
Current: 5.63

During the past years, PENN Entertainment's highest Cyclically Adjusted Price-to-FCF was 53.25. The lowest was 3.16. And the median was 12.40.

STU:PN1's Cyclically Adjusted Price-to-FCF is ranked better than
85.84% of 353 companies
in the Travel & Leisure industry
Industry Median: 21.85 vs STU:PN1: 5.63

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.

PENN Entertainment's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €-1.464. 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 €2.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PENN Entertainment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PENN 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.

PENN Entertainment Cyclically Adjusted Price-to-FCF Chart

PENN 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 10.24 35.18 19.31 9.41 8.86

PENN Entertainment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 9.41 9.35 7.80 7.45 8.86

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

For the Resorts & Casinos subindustry, PENN 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.


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

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

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



PENN 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.356/2.69
=5.71

* 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.

PENN Entertainment's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, PENN Entertainment's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-1.464/129.4194*129.4194
=-1.464

Current CPI (Dec. 2023) = 129.4194.

PENN Entertainment Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.173 99.695 -0.225
201406 0.775 100.560 0.997
201409 0.118 100.428 0.152
201412 -0.424 99.070 -0.554
201503 0.299 99.621 0.388
201506 0.488 100.684 0.627
201509 0.587 100.392 0.757
201512 0.759 99.792 0.984
201603 0.499 100.470 0.643
201606 0.971 101.688 1.236
201609 1.095 101.861 1.391
201612 0.417 101.863 0.530
201703 0.688 102.862 0.866
201706 0.986 103.349 1.235
201709 1.023 104.136 1.271
201712 0.817 104.011 1.017
201803 0.041 105.290 0.050
201806 1.001 106.317 1.219
201809 0.617 106.507 0.750
201812 -0.045 105.998 -0.055
201903 0.657 107.251 0.793
201906 0.994 108.070 1.190
201909 1.263 108.329 1.509
201912 0.908 108.420 1.084
202003 -0.594 108.902 -0.706
202006 -0.901 108.767 -1.072
202009 1.790 109.815 2.110
202012 0.391 109.897 0.460
202103 0.753 111.754 0.872
202106 1.281 114.631 1.446
202109 0.981 115.734 1.097
202112 0.035 117.630 0.039
202203 0.785 121.301 0.838
202206 0.785 125.017 0.813
202209 1.503 125.227 1.553
202212 0.220 125.222 0.227
202303 0.468 127.348 0.476
202306 0.521 128.729 0.524
202309 0.848 129.860 0.845
202312 -1.464 129.419 -1.464

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.


PENN Entertainment  (STU:PN1) 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.


PENN Entertainment Cyclically Adjusted Price-to-FCF Related Terms

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


PENN Entertainment (STU:PN1) Business Description

Traded in Other Exchanges
Address
825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 90% of total sales in 2022 (10% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.

PENN Entertainment (STU:PN1) Headlines

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