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TELUS (TSX:T) Cyclically Adjusted Price-to-FCF : 53.43 (As of May. 15, 2024)


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What is TELUS Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), TELUS's current share price is C$22.44. TELUS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.42. TELUS's Cyclically Adjusted Price-to-FCF for today is 53.43.

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

TSX:T' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.85   Med: 50.64   Max: 86.05
Current: 53.51

During the past years, TELUS's highest Cyclically Adjusted Price-to-FCF was 86.05. The lowest was 18.85. And the median was 50.64.

TSX:T's Cyclically Adjusted Price-to-FCF is ranked worse than
88.95% of 190 companies
in the Telecommunication Services industry
Industry Median: 13.54 vs TSX:T: 53.51

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.

TELUS's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-0.030. 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 C$0.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TELUS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TELUS'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.

TELUS Cyclically Adjusted Price-to-FCF Chart

TELUS 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 54.53 48.96 72.60 65.73 58.88

TELUS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 70.31 66.14 59.02 58.88 52.13

Competitive Comparison of TELUS's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, TELUS'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.


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

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

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



TELUS 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.44/0.42
=53.43

* 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.

TELUS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, TELUS's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.03/125.4675*125.4675
=-0.030

Current CPI (Mar. 2024) = 125.4675.

TELUS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.519 99.473 -0.655
201409 0.366 99.394 0.462
201412 0.191 98.367 0.244
201503 -0.161 99.789 -0.202
201506 -1.171 100.500 -1.462
201509 0.329 100.421 0.411
201512 0.171 99.947 0.215
201603 -0.070 101.054 -0.087
201606 0.112 102.002 0.138
201609 0.271 101.765 0.334
201612 -0.041 101.449 -0.051
201703 -0.074 102.634 -0.090
201706 0.314 103.029 0.382
201709 0.285 103.345 0.346
201712 0.203 103.345 0.246
201803 0.084 105.004 0.100
201806 0.395 105.557 0.470
201809 0.256 105.636 0.304
201812 0.255 105.399 0.304
201903 -0.002 106.979 -0.002
201906 -0.346 107.690 -0.403
201909 0.368 107.611 0.429
201912 0.007 107.769 0.008
202003 0.339 107.927 0.394
202006 0.465 108.401 0.538
202009 -0.009 108.164 -0.010
202012 0.574 108.559 0.663
202103 -0.043 110.298 -0.049
202106 0.188 111.720 0.211
202109 -0.250 112.905 -0.278
202112 -0.572 113.774 -0.631
202203 0.165 117.646 0.176
202206 0.086 120.806 0.089
202209 0.053 120.648 0.055
202212 0.517 120.964 0.536
202303 0.002 122.702 0.002
202306 0.017 124.203 0.017
202309 0.229 125.230 0.229
202312 0.628 125.468 0.628
202403 -0.030 125.468 -0.030

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.


TELUS  (TSX:T) 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.


TELUS Cyclically Adjusted Price-to-FCF Related Terms

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


TELUS (TSX:T) Business Description

Traded in Other Exchanges
Address
510 West Georgia Street, 23rd Floor, Vancouver, BC, CAN, V6B 0M3
Telus is one of the Big Three wireless service providers in Canada, with its nearly 10 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. Mostly because of recent acquisitions, more than 20% of Telus' sales now come from nontelecom businesses, most notably in the international business services, health, security, and agriculture industries. The firm has a 55% economic stake in Telus International.
Executives
Darren Entwistle Director, Senior Officer

TELUS (TSX:T) Headlines