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Nexstar Media Group (Nexstar Media Group) Cyclically Adjusted Price-to-FCF : 9.71 (As of Jun. 05, 2024)


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What is Nexstar Media Group Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Nexstar Media Group's current share price is $158.21. Nexstar Media Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $16.30. Nexstar Media Group's Cyclically Adjusted Price-to-FCF for today is 9.71.

The historical rank and industry rank for Nexstar Media Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

NXST' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.01   Med: 24.4   Max: 88.87
Current: 9.99

During the past years, Nexstar Media Group's highest Cyclically Adjusted Price-to-FCF was 88.87. The lowest was 9.01. And the median was 24.40.

NXST's Cyclically Adjusted Price-to-FCF is ranked better than
64.66% of 365 companies
in the Media - Diversified industry
Industry Median: 16.09 vs NXST: 9.99

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.

Nexstar Media Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $6.819. 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 $16.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nexstar Media Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nexstar Media Group'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.

Nexstar Media Group Cyclically Adjusted Price-to-FCF Chart

Nexstar Media Group 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 26.71 16.82 16.22 13.72 10.11

Nexstar Media Group 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 12.19 11.30 9.53 10.11 10.57

Competitive Comparison of Nexstar Media Group's Cyclically Adjusted Price-to-FCF

For the Entertainment subindustry, Nexstar Media Group'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.


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

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

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



Nexstar Media Group 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.

Nexstar Media Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=158.21/16.3
=9.71

* 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.

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

For example, Nexstar Media Group'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)
=6.819/131.7762*131.7762
=6.819

Current CPI (Mar. 2024) = 131.7762.

Nexstar Media Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.739 100.560 0.968
201409 1.322 100.428 1.735
201412 1.227 99.070 1.632
201503 1.340 99.621 1.773
201506 0.741 100.684 0.970
201509 1.622 100.392 2.129
201512 1.803 99.792 2.381
201603 1.392 100.470 1.826
201606 1.595 101.688 2.067
201609 1.780 101.861 2.303
201612 3.195 101.863 4.133
201703 -1.358 102.862 -1.740
201706 3.006 103.349 3.833
201709 -1.451 104.136 -1.836
201712 0.488 104.011 0.618
201803 3.319 105.290 4.154
201806 2.596 106.317 3.218
201809 3.020 106.507 3.737
201812 4.359 105.998 5.419
201903 2.009 107.251 2.468
201906 1.437 108.070 1.752
201909 0.885 108.329 1.077
201912 0.296 108.420 0.360
202003 7.455 108.902 9.021
202006 5.265 108.767 6.379
202009 2.262 109.815 2.714
202012 7.220 109.897 8.657
202103 9.167 111.754 10.809
202106 2.534 114.631 2.913
202109 5.702 115.734 6.492
202112 6.737 117.630 7.547
202203 11.671 121.301 12.679
202206 6.255 125.017 6.593
202209 8.569 125.227 9.017
202212 4.204 125.222 4.424
202303 12.230 127.348 12.655
202306 3.965 128.729 4.059
202309 2.884 129.860 2.927
202312 4.266 129.419 4.344
202403 6.819 131.776 6.819

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.


Nexstar Media Group  (NAS:NXST) 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.


Nexstar Media Group Cyclically Adjusted Price-to-FCF Related Terms

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


Nexstar Media Group (Nexstar Media Group) Business Description

Traded in Other Exchanges
Address
545 E. John Carpenter Freeway, Suite 700, Irving, TX, USA, 75062
Nexstar is the largest television station owner/operator in the United States, with 200 stations in 116 markets. Of its 200 full-power stations, 155 are affiliated with the four national broadcasters: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.
Executives
Blake Russell officer: Vice President, Marketing 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Thomas Carter officer: Senior Advisor 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Charles Thomas Mcmillen director 1103 SOUTH CAROLINA AVENUE, WASHINGTON DC 20003
D Geoffrey Armstrong director 5900 PRINCESS GARDEN PARKWAY, 7TH FL, LANHAM MD 20706
Gary Weitman officer: See Remarks 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Dana Zimmer officer: President, Distribution 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Sean Compton officer: President, Networks 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Jay M. Grossman director C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, BOSTON MA 02199
Michael Biard officer: President & COO C/O NEXSTAR MEDIA GROUP, INC., 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Lee Ann Gliha officer: EVP, Chief Financial Officer 545 E. JOHN CARPENTER FREEWAY, IRVING TX 75062
Perry A Sook director, officer: Chief Executive Officer 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Royce A. Wells director C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Rachel Morgan officer: EVP General Counsel 545 E. JOHN CARPENTER FREEWAY, IRVING TX 75062
Andrew Alford officer: See Remarks 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Brett Jenkins officer: Chief Technology Officer C/O NEXSTAR MEDIA GROUP, INC., 545 E. JOHN CARPENTER FREEWAY, STE 700, IRVING TX 75062