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Townsquare Media (Townsquare Media) Cyclically Adjusted FCF per Share : $1.55 (As of Mar. 2024)


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What is Townsquare Media 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.

Townsquare Media's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.147. 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 $1.55 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Townsquare Media's average Cyclically Adjusted FCF Growth Rate was -1.90% per year. 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 (2024-06-08), Townsquare Media's current stock price is $10.95. Townsquare Media's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.55. Townsquare Media's Cyclically Adjusted Price-to-FCF of today is 7.06.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Townsquare Media was 8.10. The lowest was 4.39. And the median was 5.80.


Townsquare Media Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Townsquare Media'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.

* Premium members only.

Townsquare Media Cyclically Adjusted FCF per Share Chart

Townsquare Media Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.64 1.73

Townsquare Media Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 1.58 1.81 1.62 1.73 1.55

Competitive Comparison of Townsquare Media's Cyclically Adjusted FCF per Share

For the Advertising Agencies subindustry, Townsquare Media'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.


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

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

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



Townsquare Media 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, Townsquare Media's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.147/131.7762*131.7762
=-0.147

Current CPI (Mar. 2024) = 131.7762.

Townsquare Media Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.487 100.560 -0.638
201409 1.416 100.428 1.858
201412 0.406 99.070 0.540
201503 0.498 99.621 0.659
201506 -2.133 100.684 -2.792
201509 0.870 100.392 1.142
201512 0.258 99.792 0.341
201603 -0.143 100.470 -0.188
201606 0.129 101.688 0.167
201609 0.816 101.861 1.056
201612 0.729 101.863 0.943
201703 -0.100 102.862 -0.128
201706 -0.186 103.349 -0.237
201709 0.707 104.136 0.895
201712 0.852 104.011 1.079
201803 -0.182 105.290 -0.228
201806 -0.121 106.317 -0.150
201809 0.248 106.507 0.307
201812 0.959 105.998 1.192
201903 0.033 107.251 0.041
201906 -0.234 108.070 -0.285
201909 0.594 108.329 0.723
201912 0.457 108.420 0.555
202003 0.200 108.902 0.242
202006 -0.014 108.767 -0.017
202009 0.320 109.815 0.384
202012 0.216 109.897 0.259
202103 0.944 111.754 1.113
202106 0.464 114.631 0.533
202109 0.205 115.734 0.233
202112 0.920 117.630 1.031
202203 0.041 121.301 0.045
202206 0.512 125.017 0.540
202209 0.208 125.227 0.219
202212 0.896 125.222 0.943
202303 0.332 127.348 0.344
202306 1.077 128.729 1.102
202309 0.204 129.860 0.207
202312 1.544 129.419 1.572
202403 -0.147 131.776 -0.147

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Townsquare Media  (NYSE:TSQ) 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.

Townsquare Media's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.95/1.55
=7.06

* 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.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Townsquare Media was 8.10. The lowest was 4.39. And the median was 5.80.


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.


Townsquare Media Cyclically Adjusted FCF per Share Related Terms

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


Townsquare Media (Townsquare Media) Business Description

Traded in Other Exchanges
Address
One Manhattanville Road, Suite 202, Purchase, New York, NY, USA, 10577
Townsquare Media Inc is a radio, digital media, entertainment, and digital marketing solutions company principally focused on being the premier local advertising and marketing solutions platform in small and mid-sized markets across the United States. It has three segments which are Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. It earns the majority of the revenue from the Broadcasting Advertising segment. Its portfolio includes local media brands such as WYRK.com, WJON.com, and NJ101.5.com, and premier national music brands such as XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com.
Executives
Erik Hellum officer: COO, Local Media C/O TOWNSQUARE MEDIA, INC., 1 MANHATTANVILLE ROAD, SUITE 202, PURCHASE NY 10577
Scott Schatz officer: EVP, Finance Op and Tech C/O TOWNSQUARE MEDIA, INC., 1 MANHATTANVILLE ROAD, SUITE 202, PURCHASE NY 10577
David Lebow director C/O TOWNSQUARE MEDIA, INC, 1 MANHATTANVILLE ROAD, SUITE 202, PURCHASE NY 10577
Madison Square Garden Entertainment Corp. 10 percent owner TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Gary D Way director C/O TOWNSQUARE MEDIA, INC., ONE MANHATTANVILLE ROAD, SUITE 202, PURCHASE NY 10577
David Quick director 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group Holdings Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group Holdings, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp Iii, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Pof Iv Aif Gap Holdings, L.p. 10 percent owner C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Atlas Ocm Holdings, Llc 10 percent owner C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Aif Investments, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Aif Investment Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Partners Ltd 10 percent owner 181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Brookfield Asset Management Inc. 10 percent owner BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3