GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Manchester United PLC (NYSE:MANU) » Definitions » Cyclically Adjusted Price-to-FCF

Manchester United (Manchester United) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Manchester United Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Manchester United Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Manchester United'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.

Manchester United Cyclically Adjusted Price-to-FCF Chart

Manchester United Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Manchester United Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - -

Competitive Comparison of Manchester United's Cyclically Adjusted Price-to-FCF

For the Entertainment subindustry, Manchester United'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.


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

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

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



Manchester United 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.

Manchester United's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Manchester United's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.658/130.5000*130.5000
=-0.658

Current CPI (Dec. 2023) = 130.5000.

Manchester United Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.396 99.300 -0.520
201406 0.338 99.800 0.442
201409 -0.003 100.000 -0.004
201412 -0.537 99.900 -0.701
201503 -0.270 99.600 -0.354
201506 1.022 100.100 1.332
201509 -0.478 100.200 -0.623
201512 -0.179 100.400 -0.233
201603 -0.098 100.400 -0.127
201606 1.073 101.000 1.386
201609 -0.861 101.500 -1.107
201612 -0.388 102.200 -0.495
201703 0.242 102.700 0.308
201706 1.184 103.500 1.493
201709 -0.839 104.300 -1.050
201712 -0.495 105.000 -0.615
201803 0.113 105.100 0.140
201806 0.631 105.900 0.778
201809 -0.149 106.600 -0.182
201812 -0.471 107.100 -0.574
201903 0.047 107.000 0.057
201906 0.972 107.900 1.176
201909 -1.452 108.400 -1.748
201912 -0.292 108.500 -0.351
202003 -0.021 108.600 -0.025
202006 -0.099 108.800 -0.119
202009 -0.082 109.200 -0.098
202012 -0.332 109.400 -0.396
202103 0.063 109.700 0.075
202106 0.102 111.400 0.119
202109 -0.103 112.400 -0.120
202112 -0.425 114.700 -0.484
202203 0.097 116.500 0.109
202206 0.188 120.500 0.204
202209 -0.767 122.300 -0.818
202212 -0.700 125.300 -0.729
202303 0.272 126.800 0.280
202306 0.712 129.400 0.718
202309 -0.909 130.100 -0.912
202312 -0.658 130.500 -0.658

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.


Manchester United  (NYSE:MANU) 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.


Manchester United Cyclically Adjusted Price-to-FCF Related Terms

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


Manchester United (Manchester United) Business Description

Traded in Other Exchanges
Address
Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA
Manchester United PLC operates a professional football club together with related and ancillary activities. The company manages the soccer team and all affiliated club activities of the Manchester United Football Club, which includes the media network, foundation, fan zone, news, and sports features, and team merchandise. Manchester United is based in England. The company has three principal sectors from which the majority of the revenue is generated including Commercial, Broadcasting, and Matchday.