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Cablevision Systems (FRA:CVY) Cyclically Adjusted FCF per Share : €0.00 (As of Mar. 2016)


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What is Cablevision Systems Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Cablevision Systems's adjusted free cash flow per share for the three months ended in Mar. 2016 was €0.011. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €0.00 for the trailing ten years ended in Mar. 2016.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-05-21), Cablevision Systems's current stock price is €31.02. Cablevision Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2016 was €0.00. Cablevision Systems's Cyclically Adjusted Price-to-FCF of today is .


Cablevision Systems Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Cablevision Systems's Cyclically Adjusted FCF per Share 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 FCF per Share Chart

Cablevision Systems Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted FCF per Share
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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 FCF per Share

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 FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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.


Cablevision Systems  (FRA:CVY) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Cablevision Systems Cyclically Adjusted FCF per Share Related Terms

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


Cablevision Systems (FRA:CVY) Business Description

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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.

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