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Warner Bros. Discovery (BSP:DCVY34) Cyclically Adjusted Price-to-FCF : 2.69 (As of Jun. 09, 2024)


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What is Warner Bros. Discovery Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Warner Bros. Discovery's current share price is R$43.80. Warner Bros. Discovery's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$16.31. Warner Bros. Discovery's Cyclically Adjusted Price-to-FCF for today is 2.69.

The historical rank and industry rank for Warner Bros. Discovery's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:DCVY34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.37   Med: 15.69   Max: 68.98
Current: 2.53

During the past years, Warner Bros. Discovery's highest Cyclically Adjusted Price-to-FCF was 68.98. The lowest was 2.37. And the median was 15.69.

BSP:DCVY34's Cyclically Adjusted Price-to-FCF is ranked better than
89.62% of 366 companies
in the Media - Diversified industry
Industry Median: 16.135 vs BSP:DCVY34: 2.53

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.

Warner Bros. Discovery's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.795. 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 R$16.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Warner Bros. Discovery Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Warner Bros. Discovery'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.

Warner Bros. Discovery Cyclically Adjusted Price-to-FCF Chart

Warner Bros. Discovery 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 14.77 12.06 8.16 3.07 3.52

Warner Bros. Discovery Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.90 4.00 3.43 3.52 2.67

Competitive Comparison of Warner Bros. Discovery's Cyclically Adjusted Price-to-FCF

For the Entertainment subindustry, Warner Bros. Discovery'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.


Warner Bros. Discovery's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

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

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



Warner Bros. Discovery 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.

Warner Bros. Discovery's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=43.80/16.31
=2.69

* 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.

Warner Bros. Discovery's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Warner Bros. Discovery'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)
=0.795/131.7762*131.7762
=0.795

Current CPI (Mar. 2024) = 131.7762.

Warner Bros. Discovery Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.653 100.560 0.856
201409 1.347 100.428 1.767
201412 1.540 99.070 2.048
201503 0.137 99.621 0.181
201506 1.487 100.684 1.946
201509 1.399 100.392 1.836
201512 3.672 99.792 4.849
201603 0.276 100.470 0.362
201606 1.667 101.688 2.160
201609 2.259 101.861 2.922
201612 2.971 101.863 3.843
201703 1.106 102.862 1.417
201706 0.895 103.349 1.141
201709 3.835 104.136 4.853
201712 2.526 104.011 3.200
201803 0.603 105.290 0.755
201806 2.765 106.317 3.427
201809 5.227 106.507 6.467
201812 4.823 105.998 5.996
201903 2.679 107.251 3.292
201906 3.209 108.070 3.913
201909 5.107 108.329 6.212
201912 6.619 108.420 8.045
202003 1.641 108.902 1.986
202006 6.766 108.767 8.197
202009 6.324 109.815 7.589
202012 2.620 109.897 3.142
202103 1.512 111.754 1.783
202106 5.733 114.631 6.590
202109 5.613 115.734 6.391
202112 6.707 117.630 7.514
202203 1.781 121.301 1.935
202206 1.742 125.017 1.836
202209 -0.415 125.227 -0.437
202212 5.347 125.222 5.627
202303 -1.992 127.348 -2.061
202306 3.430 128.729 3.511
202309 4.171 129.860 4.233
202312 6.658 129.419 6.779
202403 0.795 131.776 0.795

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.


Warner Bros. Discovery  (BSP:DCVY34) 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.


Warner Bros. Discovery Cyclically Adjusted Price-to-FCF Related Terms

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Warner Bros. Discovery (BSP:DCVY34) Business Description

Traded in Other Exchanges
Address
230 Park Avenue South, New York, NY, USA, 10003
Warner Bros. Discovery, the result of combining two large media firms, is one of the largest media firms in the world with tremendous scale and reach. The new company owns some of the biggest global networks including HBO, Discovery, CNN, and TLC and well-known franchises like Superman, Rick and Morty, and Game of Thrones. The firm's content production studios include Warner Bros., HBO, Discovery Studios, DC Films, and Cartoon Network Studios. The company operates two major streaming services, Max and Discovery+.

Warner Bros. Discovery (BSP:DCVY34) Headlines

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