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Codere (XMAD:CDR) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Codere Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Codere Cyclically Adjusted Price-to-FCF Historical Data

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

Codere Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted Price-to-FCF
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Codere Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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Competitive Comparison of Codere's Cyclically Adjusted Price-to-FCF

For the Gambling subindustry, Codere'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.


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

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

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



Codere 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.

Codere's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2021 is calculated as:

For example, Codere's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2021 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2021 (Change)*Current CPI (Jun. 2021)
=0.029/107.1023*107.1023
=0.029

Current CPI (Jun. 2021) = 107.1023.

Codere Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201109 58.820 96.946 64.982
201112 9.421 98.235 10.271
201203 7.115 97.909 7.783
201206 4.205 98.952 4.551
201209 -34.324 100.254 -36.669
201212 4.300 101.052 4.557
201303 12.002 100.284 12.818
201306 6.048 100.994 6.414
201309 4.965 100.597 5.286
201312 -4.140 101.306 -4.377
201403 9.226 100.139 9.868
201406 -9.004 101.081 -9.540
201409 8.092 100.441 8.629
201412 -13.304 100.251 -14.213
201503 20.837 99.474 22.435
201506 12.008 101.138 12.716
201509 9.773 99.559 10.513
201512 13.012 100.268 13.899
201603 3.688 98.638 4.004
201606 0.065 100.333 0.069
201609 0.286 99.737 0.307
201612 0.239 101.842 0.251
201703 0.003 100.896 0.003
201706 0.233 101.848 0.245
201709 0.000 101.524 0.000
201712 0.392 102.975 0.408
201803 0.106 102.122 0.111
201806 0.178 104.165 0.183
201809 -0.054 103.818 -0.056
201812 0.518 104.193 0.532
201903 0.176 103.488 0.182
201906 0.442 104.612 0.453
201909 0.153 103.905 0.158
201912 0.410 105.015 0.418
202003 0.162 103.469 0.168
202006 -0.293 104.254 -0.301
202009 0.181 103.521 0.187
202012 -0.381 104.456 -0.391
202103 -0.264 104.857 -0.270
202106 0.029 107.102 0.029

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.


Codere  (XMAD:CDR) 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.


Codere Cyclically Adjusted Price-to-FCF Related Terms

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Codere (XMAD:CDR) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Avda. de Bruselas 26, Alcobendas, ESP, 28108
Codere SA is a Spain-based gaming company. It is mainly engaged in business activities in the private gaming industry, consisting primarily of the operation of amusement and slot machines, sports betting, bingo halls, casinos, and racetracks. The company has a presence in Spain, Italy, Argentina, Brazil, Colombia, Mexico, Panama, and Uruguay.