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Cogeco Communications (STU:COG) Cyclically Adjusted FCF per Share : €5.34 (As of Feb. 2024)


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What is Cogeco Communications 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.

Cogeco Communications's adjusted free cash flow per share for the three months ended in Feb. 2024 was €1.084. 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 €5.34 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Cogeco Communications's average Cyclically Adjusted FCF Growth Rate was 1.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 12.90% 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 Cogeco Communications was 73.70% per year. The lowest was 8.10% per year. And the median was 13.70% per year.

As of today (2024-05-26), Cogeco Communications's current stock price is €37.20. Cogeco Communications's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €5.34. Cogeco Communications's Cyclically Adjusted Price-to-FCF of today is 6.97.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cogeco Communications was 28.33. The lowest was 6.71. And the median was 17.91.


Cogeco Communications Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Cogeco Communications'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.

Cogeco Communications Cyclically Adjusted FCF per Share Chart

Cogeco Communications Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 5.04

Cogeco Communications Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 - 5.53 5.04 5.33 5.34

Competitive Comparison of Cogeco Communications's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Cogeco Communications'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.


Cogeco Communications's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

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

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



Cogeco Communications 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, Cogeco Communications's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.084/125.4675*125.4675
=1.084

Current CPI (Feb. 2024) = 125.4675.

Cogeco Communications Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 1.356 99.394 1.712
201408 2.289 99.315 2.892
201411 -1.160 99.078 -1.469
201502 1.362 99.078 1.725
201505 1.391 100.263 1.741
201508 1.953 100.579 2.436
201511 -0.713 100.421 -0.891
201602 1.181 100.421 1.476
201605 1.211 101.765 1.493
201608 2.118 101.686 2.613
201611 0.376 101.607 0.464
201702 2.303 102.476 2.820
201705 1.896 103.108 2.307
201708 2.713 103.108 3.301
201711 -1.205 103.740 -1.457
201802 1.117 104.688 1.339
201805 0.906 105.399 1.079
201808 0.813 106.031 0.962
201811 -0.021 105.478 -0.025
201902 1.430 106.268 1.688
201905 2.256 107.927 2.623
201908 2.172 108.085 2.521
201911 0.384 107.769 0.447
202002 1.690 108.559 1.953
202005 2.146 107.532 2.504
202008 1.676 108.243 1.943
202011 1.688 108.796 1.947
202102 1.570 109.745 1.795
202105 1.964 111.404 2.212
202108 0.612 112.668 0.682
202111 2.094 113.932 2.306
202202 -1.672 115.986 -1.809
202205 2.463 120.016 2.575
202208 1.253 120.569 1.304
202211 -0.646 121.675 -0.666
202302 0.466 122.070 0.479
202305 0.532 124.045 0.538
202308 1.159 125.389 1.160
202311 1.265 125.468 1.265
202402 1.084 125.468 1.084

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


Cogeco Communications  (STU:COG) 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.

Cogeco Communications's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=37.20/5.34
=6.97

* 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 Cogeco Communications was 28.33. The lowest was 6.71. And the median was 17.91.


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.


Cogeco Communications Cyclically Adjusted FCF per Share Related Terms

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


Cogeco Communications (STU:COG) Business Description

Traded in Other Exchanges
Address
1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3
Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides Internet, video and phone services to residential, business and other customers. The reportable segments of the company are Canadian telecommunications and American telecommunications. The company earns majority of its revenue from American telecommunications. The company operates in Canada and United States.

Cogeco Communications (STU:COG) Headlines

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