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PENN Entertainment (PENN Entertainment) Cyclically Adjusted Price-to-FCF : 5.73 (As of Apr. 27, 2024)


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What is PENN Entertainment Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), PENN Entertainment's current share price is $16.86. PENN Entertainment's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.94. PENN Entertainment's Cyclically Adjusted Price-to-FCF for today is 5.73.

The historical rank and industry rank for PENN Entertainment's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

PENN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.16   Med: 12.42   Max: 53.25
Current: 5.85

During the past years, PENN Entertainment's highest Cyclically Adjusted Price-to-FCF was 53.25. The lowest was 3.16. And the median was 12.42.

PENN's Cyclically Adjusted Price-to-FCF is ranked better than
86.34% of 344 companies
in the Travel & Leisure industry
Industry Median: 21.485 vs PENN: 5.85

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.

PENN Entertainment's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-1.596. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $2.94 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PENN Entertainment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PENN Entertainment'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.

PENN Entertainment Cyclically Adjusted Price-to-FCF Chart

PENN Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.24 35.18 19.31 9.41 8.86

PENN Entertainment 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 9.41 9.35 7.80 7.45 8.86

Competitive Comparison of PENN Entertainment's Cyclically Adjusted Price-to-FCF

For the Resorts & Casinos subindustry, PENN Entertainment'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.


PENN Entertainment's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PENN Entertainment 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.

PENN Entertainment's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.86/2.94
=5.73

* 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.

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

For example, PENN Entertainment'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)
=-1.596/129.4194*129.4194
=-1.596

Current CPI (Dec. 2023) = 129.4194.

PENN Entertainment Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.240 99.695 -0.312
201406 1.053 100.560 1.355
201409 0.152 100.428 0.196
201412 -0.523 99.070 -0.683
201503 0.324 99.621 0.421
201506 0.548 100.684 0.704
201509 0.659 100.392 0.850
201512 0.827 99.792 1.073
201603 0.556 100.470 0.716
201606 1.091 101.688 1.389
201609 1.229 101.861 1.562
201612 0.440 101.863 0.559
201703 0.736 102.862 0.926
201706 1.108 103.349 1.387
201709 1.220 104.136 1.516
201712 0.967 104.011 1.203
201803 0.050 105.290 0.061
201806 1.170 106.317 1.424
201809 0.720 106.507 0.875
201812 -0.051 105.998 -0.062
201903 0.742 107.251 0.895
201906 1.123 108.070 1.345
201909 1.391 108.329 1.662
201912 1.008 108.420 1.203
202003 -0.657 108.902 -0.781
202006 -1.014 108.767 -1.207
202009 2.108 109.815 2.484
202012 0.475 109.897 0.559
202103 0.896 111.754 1.038
202106 1.543 114.631 1.742
202109 1.154 115.734 1.290
202112 0.039 117.630 0.043
202203 0.865 121.301 0.923
202206 0.830 125.017 0.859
202209 1.488 125.227 1.538
202212 0.233 125.222 0.241
202303 0.501 127.348 0.509
202306 0.564 128.729 0.567
202309 0.905 129.860 0.902
202312 -1.596 129.419 -1.596

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.


PENN Entertainment  (NAS:PENN) 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.


PENN Entertainment Cyclically Adjusted Price-to-FCF Related Terms

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


PENN Entertainment (PENN Entertainment) Business Description

Traded in Other Exchanges
Address
825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 90% of total sales in 2022 (10% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.
Executives
Christopher Byron Rogers officer: EVP and Chief Strategy Officer 825 BERKSHIRE BLVD., WYOMISSING PA 19610
Jay A Snowden officer: EVP-Chief Operating Officer 825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Jane Scaccetti director 3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132
Felicia Hendrix officer: EVP and CFO 825 BERKSHIRE BLVD., WYOMISSING PA 19610
David A Handler director 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
Kohn Barbara Shattuck director PENN NATIONAL GAMING, INC, 825 BERKSHIRE BLVE, SUITE 200, WYOMISSING PA 19610
Christine Labombard officer: SVP and CAO 825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Saul Reibstein officer: EVP-Finance, CFO & Treasurer C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355
Gupta Vimla Black director 825 BERKSHIRE BLVD., WYOMISSING PA 19610
Todd George officer: EVP, Operations 825 BERKSHIRE BLVD., WYOMISSING PA 19610
Marla Kaplowitz director 825 BERKSHIRE BLVD., WYOMISSING PA 19610
Ronald J Naples director 96 S. GEORGE STREET, SUITE 500, YORK PA 17401
Peter M Carlino director, 10 percent owner, officer: Chairman 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
Harper H. Ko officer: EVP, CLO and Sec. 7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
Carl Sottosanti officer: SVP,Gen Counsel & Secretary 825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610