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Comcast (Comcast) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Comcast Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Comcast Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Comcast'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.

Comcast Cyclically Adjusted Price-to-FCF Chart

Comcast 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 23.00 24.40 20.17 12.73 14.66

Comcast 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 13.46 14.38 14.96 14.66 -

Competitive Comparison of Comcast's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Comcast'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.


Comcast's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

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

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



Comcast 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.

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

For example, Comcast'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)
=1.137/129.4194*129.4194
=1.137

Current CPI (Mar. 2024) = 129.4194.

Comcast Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.191 100.560 0.246
201409 0.487 100.428 0.628
201412 0.392 99.070 0.512
201503 0.635 99.621 0.825
201506 0.255 100.684 0.328
201509 0.499 100.392 0.643
201512 0.520 99.792 0.674
201603 0.637 100.470 0.821
201606 0.361 101.688 0.459
201609 0.280 101.861 0.356
201612 0.568 101.863 0.722
201703 0.654 102.862 0.823
201706 0.501 103.349 0.627
201709 0.483 104.136 0.600
201712 0.471 104.011 0.586
201803 0.655 105.290 0.805
201806 0.927 106.317 1.128
201809 0.680 106.507 0.826
201812 0.449 105.998 0.548
201903 1.000 107.251 1.207
201906 0.922 108.070 1.104
201909 0.449 108.329 0.536
201912 0.510 108.420 0.609
202003 0.720 108.902 0.856
202006 1.295 108.767 1.541
202009 0.495 109.815 0.583
202012 0.328 109.897 0.386
202103 1.132 111.754 1.311
202106 1.025 114.631 1.157
202109 0.693 115.734 0.775
202112 0.820 117.630 0.902
202203 1.044 121.301 1.114
202206 0.707 125.017 0.732
202209 0.773 125.227 0.799
202212 0.310 125.222 0.320
202303 0.899 127.348 0.914
202306 0.818 128.729 0.822
202309 0.973 129.860 0.970
202312 0.423 129.419 0.423
202403 1.137 129.419 1.137

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.


Comcast  (NAS:CMCSA) 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.


Comcast Cyclically Adjusted Price-to-FCF Related Terms

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


Comcast (Comcast) Business Description

Address
One Comcast Center, Philadelphia, PA, USA, 19103-2838
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 62 million U.S. homes and businesses, or nearly half of the country. About 55% of the homes in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC broadcast network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the U.K. and has invested heavily in proprietary content to build this position. Sky is also the largest pay-television provider in Italy and has a presence in Germany and Austria.
Executives
Jason Armstrong officer: CFO & Treasurer C/O COMCAST CORP, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Louise F. Brady director 22 SYLVAN WAY, PARSIPPANY NY 07054
Baltimore Thomas J Jr director PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR, TYSONS VA 22102
Jennifer Khoury officer: Chief Communications Officer C/O COMCAST CORP, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Kenneth J Bacon director 5404 WISCONSIN AVENUE, SUITE 410, CHEVY CHASE MD 20815
Daniel C. Murdock officer: SVP & Chief Accounting Officer 1500 MARKET STREET, PHILADELPHIA PA 19102
David N Watson officer: Sr. EVP 1100 CASSATT ROAD, BERWYN PA 19312
Brian L Roberts director, officer: Chairman of Board, Pres. & CEO COMCAST CORP, ONE COMCAST CENTER, 1701 JFK BOULEVARD, PHILIDELPHIA PA 19103
Maritza Gomez Montiel director C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Adam Louis Miller officer: Sr. EVP ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Dana Strong officer: CEO - Sky C/O COMCAST CORPORATION, ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Jeff Shell officer: CEO - NBCUniversal C/O COMCAST CORPORATION, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Naomi M. Bergman director 210 E. EARLL DRIVE, PHOENIX AZ 85012
Sheldon M Bonovitz director
David L Cohen officer: Executive Vice President