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Swisscom AG (Swisscom AG) Cyclically Adjusted FCF per Share : $3.79 (As of Dec. 2023)


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What is Swisscom AG 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.

Swisscom AG's adjusted free cash flow per share for the three months ended in Dec. 2023 was $1.114. 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 $3.79 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Swisscom AG's average Cyclically Adjusted FCF Growth Rate was 1.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.80% 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 Swisscom AG was 1.50% per year. The lowest was -5.50% per year. And the median was -2.10% per year.

As of today (2024-05-02), Swisscom AG's current stock price is $54.34. Swisscom AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.79. Swisscom AG's Cyclically Adjusted Price-to-FCF of today is 14.34.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Swisscom AG was 19.13. The lowest was 10.09. And the median was 15.31.


Swisscom AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Swisscom AG'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.

Swisscom AG Cyclically Adjusted FCF per Share Chart

Swisscom AG 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 3.18 3.43 3.37 3.40 3.79

Swisscom AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.40 3.52 3.57 3.48 3.79

Competitive Comparison of Swisscom AG's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Swisscom AG'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.


Swisscom AG's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Swisscom AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Swisscom AG 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, Swisscom AG'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)
=1.114/106.4611*106.4611
=1.114

Current CPI (Dec. 2023) = 106.4611.

Swisscom AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.447 101.224 0.470
201406 0.711 101.517 0.746
201409 1.170 101.247 1.230
201412 0.412 100.704 0.436
201503 0.440 100.339 0.467
201506 0.536 100.464 0.568
201509 1.290 99.785 1.376
201512 0.598 99.386 0.641
201603 0.130 99.475 0.139
201606 0.907 100.088 0.965
201609 1.160 99.604 1.240
201612 0.379 99.380 0.406
201703 0.513 100.040 0.546
201706 1.018 100.285 1.081
201709 1.106 100.254 1.174
201712 0.751 100.213 0.798
201803 0.379 100.836 0.400
201806 0.564 101.435 0.592
201809 0.895 101.246 0.941
201812 0.763 100.906 0.805
201903 0.613 101.571 0.643
201906 0.375 102.044 0.391
201909 1.229 101.396 1.290
201912 0.884 101.063 0.931
202003 0.520 101.048 0.548
202006 1.264 100.743 1.336
202009 1.118 100.585 1.183
202012 1.238 100.241 1.315
202103 0.756 100.800 0.798
202106 0.928 101.352 0.975
202109 1.224 101.533 1.283
202112 0.817 101.776 0.855
202203 0.307 103.205 0.317
202206 0.575 104.783 0.584
202209 1.479 104.835 1.502
202212 0.837 104.666 0.851
202303 0.634 106.245 0.635
202306 0.693 106.576 0.692
202309 1.354 106.570 1.353
202312 1.114 106.461 1.114

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


Swisscom AG  (OTCPK:SCMWY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=54.34/3.79
=14.34

* 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 Swisscom AG was 19.13. The lowest was 10.09. And the median was 15.31.


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.


Swisscom AG Cyclically Adjusted FCF per Share Related Terms

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


Swisscom AG (Swisscom AG) Business Description

Address
Alte Tiefenaustrasse 6, 3048 Worblaufen, Ittigen, Bern, CHE, CH-3050
Swisscom is the incumbent telecom operator in Switzerland, with a high market share in mobile and fixed-line markets. It charges high prices compared with its competitors and other European peers due to the historical stability of the Swiss telecom market and a favorable regulatory environment. It also owns Fastweb in Italy, which has a broadband network and operates as a wireless reseller.

Swisscom AG (Swisscom AG) Headlines

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