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Sinclair (FRA:HQ7) Cyclically Adjusted FCF per Share : €6.63 (As of Mar. 2024)


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What is Sinclair 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.

Sinclair's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.357. 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 €6.63 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sinclair's average Cyclically Adjusted FCF Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 20.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 18.30% 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 Sinclair was 26.50% per year. The lowest was 0.20% per year. And the median was 13.60% per year.

As of today (2024-06-08), Sinclair's current stock price is €11.50. Sinclair's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €6.63. Sinclair's Cyclically Adjusted Price-to-FCF of today is 1.73.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sinclair was 23.70. The lowest was 1.32. And the median was 11.26.


Sinclair Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sinclair'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.

Sinclair Cyclically Adjusted FCF per Share Chart

Sinclair 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 3.44 4.45 5.10 6.50 8.34

Sinclair 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 6.35 7.87 9.56 8.34 6.63

Competitive Comparison of Sinclair's Cyclically Adjusted FCF per Share

For the Entertainment subindustry, Sinclair'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.


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

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

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



Sinclair 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, Sinclair'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)
=-0.357/131.7762*131.7762
=-0.357

Current CPI (Mar. 2024) = 131.7762.

Sinclair Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.218 100.560 0.286
201409 1.164 100.428 1.527
201412 0.430 99.070 0.572
201503 0.870 99.621 1.151
201506 0.399 100.684 0.522
201509 1.006 100.392 1.320
201512 0.676 99.792 0.893
201603 1.016 100.470 1.333
201606 0.480 101.688 0.622
201609 0.957 101.861 1.238
201612 2.652 101.863 3.431
201703 0.488 102.862 0.625
201706 0.506 103.349 0.645
201709 0.936 104.136 1.184
201712 1.031 104.011 1.306
201803 0.620 105.290 0.776
201806 1.032 106.317 1.279
201809 0.768 106.507 0.950
201812 2.211 105.998 2.749
201903 0.665 107.251 0.817
201906 0.864 108.070 1.054
201909 2.337 108.329 2.843
201912 3.506 108.420 4.261
202003 -0.843 108.902 -1.020
202006 3.542 108.767 4.291
202009 5.357 109.815 6.428
202012 7.583 109.897 9.093
202103 -2.552 111.754 -3.009
202106 1.939 114.631 2.229
202109 2.510 115.734 2.858
202112 0.873 117.630 0.978
202203 0.616 121.301 0.669
202206 1.508 125.017 1.590
202209 3.207 125.227 3.375
202212 4.200 125.222 4.420
202303 0.561 127.348 0.581
202306 0.865 128.729 0.885
202309 -0.429 129.860 -0.435
202312 1.011 129.419 1.029
202403 -0.357 131.776 -0.357

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


Sinclair  (FRA:HQ7) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=11.50/6.63
=1.73

* 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 Sinclair was 23.70. The lowest was 1.32. And the median was 11.26.


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.


Sinclair Cyclically Adjusted FCF per Share Related Terms

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


Sinclair (FRA:HQ7) Business Description

Traded in Other Exchanges
Address
10706 Beaver Dam Road, Hunt Valley, MD, USA, 21030
Sinclair Broadcast Group is the second-largest television station operator in the U.S., with 185 stations in 86 markets. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels on networks aligned with The CW (Nexstar) and MyNetworkTV (Fox). The firm also owns the Tennis Channel and four multicast networks. Via the 2019 purchase of the Fox regional sports networks from Disney, Sinclair is now the largest owner of Diamond Sports, which operates regional sports networks. Diamond Sports sought bankruptcy protection in early 2023.

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