GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Outfront Media Inc (NYSE:OUT) » Definitions » Cyclically Adjusted FCF per Share

Outfront Media (Outfront Media) Cyclically Adjusted FCF per Share : $1.33 (As of Mar. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Outfront Media 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.

Outfront Media's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.074. 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 $1.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Outfront Media's average Cyclically Adjusted FCF Growth Rate was -4.30% 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.

As of today (2024-05-21), Outfront Media's current stock price is $14.74. Outfront Media's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.33. Outfront Media's Cyclically Adjusted Price-to-FCF of today is 11.08.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Outfront Media was 19.52. The lowest was 6.29. And the median was 11.99.


Outfront Media Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Outfront Media'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.

Outfront Media Cyclically Adjusted FCF per Share Chart

Outfront Media 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 - - 1.47 1.38 1.29

Outfront Media 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 1.39 1.38 1.33 1.29 1.33

Competitive Comparison of Outfront Media's Cyclically Adjusted FCF per Share

For the REIT - Specialty subindustry, Outfront Media'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.


Outfront Media's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Outfront Media's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Outfront Media 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, Outfront Media'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)
=0.074/131.7762*131.7762
=0.074

Current CPI (Mar. 2024) = 131.7762.

Outfront Media Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.447 100.560 0.586
201409 0.789 100.428 1.035
201412 0.478 99.070 0.636
201503 -0.053 99.621 -0.070
201506 0.390 100.684 0.510
201509 0.631 100.392 0.828
201512 0.732 99.792 0.967
201603 0.141 100.470 0.185
201606 0.400 101.688 0.518
201609 0.581 101.861 0.752
201612 0.525 101.863 0.679
201703 0.112 102.862 0.143
201706 0.153 103.349 0.195
201709 0.618 104.136 0.782
201712 0.387 104.011 0.490
201803 0.316 105.290 0.395
201806 -0.203 106.317 -0.252
201809 0.355 106.507 0.439
201812 0.377 105.998 0.469
201903 0.127 107.251 0.156
201906 0.107 108.070 0.130
201909 0.323 108.329 0.393
201912 0.575 108.420 0.699
202003 -0.042 108.902 -0.051
202006 0.122 108.767 0.148
202009 0.125 109.815 0.150
202012 0.165 109.897 0.198
202103 -0.169 111.754 -0.199
202106 0.017 114.631 0.020
202109 0.094 115.734 0.107
202112 0.112 117.630 0.125
202203 0.010 121.301 0.011
202206 0.320 125.017 0.337
202209 0.287 125.227 0.302
202212 0.340 125.222 0.358
202303 -0.081 127.348 -0.084
202306 0.340 128.729 0.348
202309 0.259 129.860 0.263
202312 0.496 129.419 0.505
202403 0.074 131.776 0.074

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


Outfront Media  (NYSE:OUT) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.74/1.33
=11.08

* 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 Outfront Media was 19.52. The lowest was 6.29. And the median was 11.99.


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.


Outfront Media Cyclically Adjusted FCF per Share Related Terms

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


Outfront Media (Outfront Media) Business Description

Industry
Traded in Other Exchanges
Address
405 Lexington Avenue, 17th Floor, New York, NY, USA, 10174
Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The Company generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S. division's revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media's major customers include entities within the retail, television, healthcare, and entertainment industries.
Executives
Clive A. Punter officer: EVP and Chief Revenue Officer C/O CBS OUTDOOR AMERICAS INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Patrick Martin officer: SVP, Controller, CAO 405 LEXINGTON AVENUE, 14TH FLOOR, NEW YORK NY 10174
Jeremy J. Male officer: Chief Executive Officer C/O OUTFRONT MEDIA INC., 405 LEXINGTON AVENUE, NEW YORK NY 10019
Richard H. Sauer officer: EVP, General Counsel & Sec. C/O OUTFRONT MEDIA INC., 405 LEXINGTON AVENUE, NEW YORK NY 10019
Peter Mathes director C/O OUTFRONT MEDIA INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Pep Viii-a Aiv Spv, L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii (scotland) Spv, L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii-a Spv, L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii Spv, L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii Gp Llc 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Pep Viii Co-invest Spv, L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Michael J Dominguez director C/O PROVIDENCE EQUITY PARTNERS, INC., 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Providence Equity Gp Viii (scotland) L.p. 10 percent owner 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Providence Equity Partners Viii-a L.p. 10 percent owner PROVIDENCE EQUITY PARTNERS L.L.C., 50 KENNEDY PLAZA, PROVIDENCE RI 02903
Providence Equity Partners Viii (scotland) L.p. 10 percent owner PROVIDENCE EQUITY PARTNERS L.L.C., 50 KENNEDY PLAZA, PROVIDENCE RI 02903