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The Walt Disney Co (BSP:DISB34) Cyclically Adjusted FCF per Share : R$1.37 (As of Mar. 2024)


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What is The Walt Disney Co 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.

The Walt Disney Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$0.436. 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 R$1.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, The Walt Disney Co's average Cyclically Adjusted FCF Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 0.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of The Walt Disney Co was 14.60% per year. The lowest was 0.40% per year. And the median was 5.60% per year.

As of today (2024-06-05), The Walt Disney Co's current stock price is R$36.36. The Walt Disney Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$1.37. The Walt Disney Co's Cyclically Adjusted Price-to-FCF of today is 26.54.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Walt Disney Co was 50.95. The lowest was 19.73. And the median was 32.52.


The Walt Disney Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for The Walt Disney Co'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.

The Walt Disney Co Cyclically Adjusted FCF per Share Chart

The Walt Disney Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 1.51 1.46 1.48 1.34

The Walt Disney Co 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 1.35 1.25 1.34 1.30 1.37

Competitive Comparison of The Walt Disney Co's Cyclically Adjusted FCF per Share

For the Entertainment subindustry, The Walt Disney Co'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.


The Walt Disney Co's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

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

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



The Walt Disney Co 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, The Walt Disney Co'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)
=0.436/131.7762*131.7762
=0.436

Current CPI (Mar. 2024) = 131.7762.

The Walt Disney Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.175 100.560 0.229
201409 0.183 100.428 0.240
201412 0.088 99.070 0.117
201503 0.246 99.621 0.325
201506 0.200 100.684 0.262
201509 0.399 100.392 0.524
201512 0.163 99.792 0.215
201603 0.357 100.470 0.468
201606 0.349 101.688 0.452
201609 0.328 101.861 0.424
201612 0.056 101.863 0.072
201703 0.307 102.862 0.393
201706 0.460 103.349 0.587
201709 0.361 104.136 0.457
201712 0.181 104.011 0.229
201803 0.501 105.290 0.627
201806 0.413 106.317 0.512
201809 0.485 106.507 0.600
201812 0.156 105.998 0.194
201903 0.447 107.251 0.549
201906 -0.364 108.070 -0.444
201909 0.108 108.329 0.131
201912 0.041 108.420 0.050
202003 0.347 108.902 0.420
202006 0.086 108.767 0.104
202009 0.186 109.815 0.223
202012 -0.127 109.897 -0.152
202103 0.127 111.754 0.150
202106 0.096 114.631 0.110
202109 0.293 115.734 0.334
202112 -0.244 117.630 -0.273
202203 0.125 121.301 0.136
202206 0.034 125.017 0.036
202209 0.263 125.227 0.277
202212 -0.412 125.222 -0.434
202303 0.377 127.348 0.390
202306 0.290 128.729 0.297
202309 0.616 129.860 0.625
202312 0.158 129.419 0.161
202403 0.436 131.776 0.436

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


The Walt Disney Co  (BSP:DISB34) 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.

The Walt Disney Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=36.36/1.37
=26.54

* 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 13 years, the highest Cyclically Adjusted Price-to-FCF of The Walt Disney Co was 50.95. The lowest was 19.73. And the median was 32.52.


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.


The Walt Disney Co Cyclically Adjusted FCF per Share Related Terms

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


The Walt Disney Co (BSP:DISB34) Business Description

Address
500 South Buena Vista Street, Burbank, CA, USA, 91521
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.

The Walt Disney Co (BSP:DISB34) Headlines

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