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Reading International (Reading International) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is Reading International Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Reading International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Reading International'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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Reading International Cyclically Adjusted Price-to-FCF Chart

Reading International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Reading International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Reading International's Cyclically Adjusted Price-to-FCF

For the Entertainment subindustry, Reading International'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.


Reading International's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

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

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



Reading International 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.

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

For example, Reading International'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)
=-0.124/131.7762*131.7762
=-0.124

Current CPI (Mar. 2024) = 131.7762.

Reading International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.294 100.560 0.385
201409 0.035 100.428 0.046
201412 0.307 99.070 0.408
201503 -0.080 99.621 -0.106
201506 0.456 100.684 0.597
201509 -0.080 100.392 -0.105
201512 -1.338 99.792 -1.767
201603 0.010 100.470 0.013
201606 -0.690 101.688 -0.894
201609 -0.219 101.861 -0.283
201612 0.093 101.863 0.120
201703 -0.453 102.862 -0.580
201706 -0.486 103.349 -0.620
201709 -0.745 104.136 -0.943
201712 2.590 104.011 3.281
201803 -0.898 105.290 -1.124
201806 -0.305 106.317 -0.378
201809 -0.138 106.507 -0.171
201812 0.007 105.998 0.009
201903 -0.166 107.251 -0.204
201906 0.299 108.070 0.365
201909 0.341 108.329 0.415
201912 0.620 108.420 0.754
202003 -0.392 108.902 -0.474
202006 -0.665 108.767 -0.806
202009 -0.224 109.815 -0.269
202012 -0.093 109.897 -0.112
202103 -0.170 111.754 -0.200
202106 -0.098 114.631 -0.113
202109 -0.540 115.734 -0.615
202112 0.192 117.630 0.215
202203 -0.625 121.301 -0.679
202206 -0.152 125.017 -0.160
202209 -0.388 125.227 -0.408
202212 -0.009 125.222 -0.009
202303 -0.522 127.348 -0.540
202306 0.117 128.729 0.120
202309 0.110 129.860 0.112
202312 -0.126 129.419 -0.128
202403 -0.124 131.776 -0.124

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.


Reading International  (NAS:RDIB) 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.


Reading International Cyclically Adjusted Price-to-FCF Related Terms

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Reading International (Reading International) Business Description

Traded in Other Exchanges
Address
189 Second Avenue, Suite 2S, New York, NY, USA, 10003
Reading International Inc is a diversified company, engaged in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through two segments: the Cinema segment includes Reading Cinemas, Angelika Film Center, Consolidated Theatres, and City Cinemas; the Real Estate segment includes real estate development and the rental or licensing of retail, commercial, and live theater assets.