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Time Warner (Time Warner) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is Time Warner Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Time Warner Cyclically Adjusted Price-to-FCF Historical Data

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

Time Warner Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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Time Warner Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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Competitive Comparison of Time Warner's Cyclically Adjusted Price-to-FCF

For the Broadcasting subindustry, Time Warner'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.


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

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

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



Time Warner 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.

Time Warner's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2018 is calculated as:

For example, Time Warner's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2018 (Change)*Current CPI (Mar. 2018)
=1.476/105.2895*105.2895
=1.476

Current CPI (Mar. 2018) = 105.2895.

Time Warner Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200806 1.616 92.320 1.843
200809 2.452 92.307 2.797
200812 1.764 88.697 2.094
200903 1.680 89.744 1.971
200906 0.399 91.003 0.462
200909 1.004 91.120 1.160
200912 0.396 91.111 0.458
201003 1.087 91.821 1.246
201006 -0.074 91.962 -0.085
201009 0.703 92.162 0.803
201012 0.602 92.474 0.685
201103 0.606 94.283 0.677
201106 -0.131 95.235 -0.145
201109 1.047 95.727 1.152
201112 1.015 95.213 1.122
201203 0.286 96.783 0.311
201206 0.190 96.819 0.207
201209 1.432 97.633 1.544
201212 1.003 96.871 1.090
201303 0.673 98.209 0.722
201306 0.871 98.518 0.931
201309 1.132 98.790 1.206
201312 0.661 98.326 0.708
201403 1.770 99.695 1.869
201406 0.251 100.560 0.263
201409 0.588 100.428 0.616
201412 0.985 99.070 1.047
201503 1.129 99.621 1.193
201506 0.826 100.684 0.864
201509 1.336 100.392 1.401
201512 0.829 99.792 0.875
201603 0.845 100.470 0.886
201606 1.416 101.688 1.466
201609 1.854 101.861 1.916
201612 1.237 101.863 1.279
201703 1.727 102.862 1.768
201706 1.124 103.349 1.145
201709 1.685 104.136 1.704
201712 1.058 104.011 1.071
201803 1.476 105.290 1.476

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.


Time Warner  (NYSE:TWX) 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.


Time Warner Cyclically Adjusted Price-to-FCF Related Terms

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


Time Warner (Time Warner) Business Description

Traded in Other Exchanges
N/A
Address
Time Warner is a pure-play entertainment company that owns several television networks, including HBO, CNN, TNT, and the CW. The filmed entertainment segment creates and distributes movies and television programming for internal and external distribution outlets. Warner Bros. and New Line Cinema combine to form the largest filmmaker in the world. The company owns a deep and valuable content library that includes popular movie franchises such as DC Comics and Harry Potter and television programs such as Friends and The Big Bang Theory.
Executives
Fred Hassan director C/O CARET GROUP,, 1100 HOLLAND DR., BOCA RATON FL 33487
Douglas Edward Horne officer: SVP and Controller ONE TIME WARNER CENTER, NEW YORK NY 10019
Gary L Ginsberg officer: Executive Vice President TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Olaf Olafsson officer: Executive Vice President C/O TIME WARNER INC. ONE TIME WARNER CENTER NEW YORK NY 10019
Paul Wachter director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Robert C Clark director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
William P Barr director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Howard M Averill officer: EVP and CFO CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
Paul T Cappuccio officer: EVP and General Counsel TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Carlos M Gutierrez director 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046
Carol A Melton officer: Executive Vice President 4445 WILLARD AVENUE, SUITE 400, CHEVY CHASE MD 20815
Jessica P Einhorn director C/O BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055
Mathias Dopfner director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Deborah C Wright director CARVER BANCORP, INC, 75 W. 125TH STREET, NEW YORK NY 10027
James L Barksdale director C/O TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019

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