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AMC Networks (FRA:9AC) Cyclically Adjusted FCF per Share : €6.68 (As of Mar. 2024)


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What is AMC Networks 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.

AMC Networks's adjusted free cash flow per share for the three months ended in Mar. 2024 was €2.973. 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 €6.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AMC Networks's average Cyclically Adjusted FCF Growth Rate was 19.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.80% 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 AMC Networks was 6.40% per year. The lowest was 3.80% per year. And the median was 5.10% per year.

As of today (2024-06-01), AMC Networks's current stock price is €15.415. AMC Networks's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €6.68. AMC Networks's Cyclically Adjusted Price-to-FCF of today is 2.31.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of AMC Networks was 12.70. The lowest was 1.46. And the median was 4.48.


AMC Networks Cyclically Adjusted FCF per Share Historical Data

The historical data trend for AMC Networks'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.

AMC Networks Cyclically Adjusted FCF per Share Chart

AMC Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.56 4.88 5.66 5.67 6.19

AMC Networks 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 5.31 6.18 6.09 6.19 6.68

Competitive Comparison of AMC Networks's Cyclically Adjusted FCF per Share

For the Entertainment subindustry, AMC Networks'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.


AMC Networks's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

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

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



AMC Networks 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, AMC Networks'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)
=2.973/131.7762*131.7762
=2.973

Current CPI (Mar. 2024) = 131.7762.

AMC Networks Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.890 100.560 1.166
201409 0.836 100.428 1.097
201412 1.086 99.070 1.445
201503 0.784 99.621 1.037
201506 1.160 100.684 1.518
201509 1.157 100.392 1.519
201512 0.619 99.792 0.817
201603 1.900 100.470 2.492
201606 0.612 101.688 0.793
201609 2.183 101.861 2.824
201612 0.709 101.863 0.917
201703 1.695 102.862 2.171
201706 0.018 103.349 0.023
201709 1.116 104.136 1.412
201712 1.269 104.011 1.608
201803 1.380 105.290 1.727
201806 1.996 106.317 2.474
201809 2.519 106.507 3.117
201812 1.604 105.998 1.994
201903 2.294 107.251 2.819
201906 1.387 108.070 1.691
201909 1.473 108.329 1.792
201912 0.969 108.420 1.178
202003 2.994 108.902 3.623
202006 3.654 108.767 4.427
202009 3.312 109.815 3.974
202012 1.693 109.897 2.030
202103 1.927 111.754 2.272
202106 0.254 114.631 0.292
202109 -1.924 115.734 -2.191
202112 1.757 117.630 1.968
202203 -0.729 121.301 -0.792
202206 0.665 125.017 0.701
202209 0.172 125.227 0.181
202212 2.898 125.222 3.050
202303 -3.068 127.348 -3.175
202306 3.104 128.729 3.177
202309 2.109 129.860 2.140
202312 1.367 129.419 1.392
202403 2.973 131.776 2.973

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


AMC Networks  (FRA:9AC) 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.

AMC Networks's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.415/6.68
=2.31

* 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 AMC Networks was 12.70. The lowest was 1.46. And the median was 4.48.


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.


AMC Networks Cyclically Adjusted FCF per Share Related Terms

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


AMC Networks (FRA:9AC) Business Description

Traded in Other Exchanges
Address
11 Penn Plaza, New York, NY, USA, 10001
AMC Networks owns several cable networks, including flagship AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, the most widely distributed channel, reaches more than 70 million pay-TV households in the U.S. Over the last decade, AMC shifted its focus to original scripted programming from classic movies. WE tv targets a female audience and reaches roughly 68 million households. IFC mainly shows independent films and alternative comedy series. AMC also operates a number of niche streaming platforms including Acorn (focused on British shows) and Shudder (focused on horror programming). The firm launched AMC+, a streaming platform for its own content in 2020.

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