RE:RE:RE:Corus celebrates 20 years on the Tsx...Bluehorse makes a lot of sense. I went back and tracked your previous posts and they are bang on despite the fact that Corus has traded down so low. The ability to generate so much cash in a mature market means that the cash flow is really not going to be changing very much.
I went back in time to see what it has been over the last 5 years.
2018 $349000
2017 $292000
2016 $188000
Looks like for 2019 tracking to minimum of #320,000 but could reach $350000 or more. They have been investing more money on new iniatives.
Basic way to measure value is you take the present value of future free cash flow using current discount rate which in 2019 is extraordinarily low especially when one considers 1/3 of world has negative interest rates today.
So lets use 3 percent as discount rate.
Answer is $3 billion divided by 200 milion shares outstanding provides a
value of $15 per share. As they are doing more content. Offering stations to streaming services such as Amazon the cash flow should start going up. In this calculation left it as constant.