GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Maroc Telecom SA (XPAR:IAM) » Definitions » Cyclically Adjusted Price-to-FCF

Maroc Telecom (XPAR:IAM) Cyclically Adjusted Price-to-FCF : 10.26 (As of May. 21, 2024)


View and export this data going back to 1985. Start your Free Trial

What is Maroc Telecom Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), Maroc Telecom's current share price is €8.00. Maroc Telecom's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €0.78. Maroc Telecom's Cyclically Adjusted Price-to-FCF for today is 10.26.

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

XPAR:IAM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.53   Med: 14.06   Max: 16.94
Current: 10.3

During the past 13 years, Maroc Telecom's highest Cyclically Adjusted Price-to-FCF was 16.94. The lowest was 8.53. And the median was 14.06.

XPAR:IAM's Cyclically Adjusted Price-to-FCF is ranked better than
63.83% of 188 companies
in the Telecommunication Services industry
Industry Median: 13.09 vs XPAR:IAM: 10.30

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.

Maroc Telecom's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €0.543. 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 €0.78 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maroc Telecom Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Maroc Telecom'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.

Maroc Telecom Cyclically Adjusted Price-to-FCF Chart

Maroc Telecom 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 16.51 16.17 14.69 10.13 10.96

Maroc Telecom Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 14.69 - 10.13 - 10.96

Competitive Comparison of Maroc Telecom's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Maroc Telecom'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.


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

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

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



Maroc Telecom 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.00/0.78
=10.26

* 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.

Maroc Telecom's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Maroc Telecom's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.543/129.4194*129.4194
=0.543

Current CPI (Dec23) = 129.4194.

Maroc Telecom Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.880 99.070 1.150
201512 0.665 99.792 0.862
201612 0.773 101.863 0.982
201712 0.699 104.011 0.870
201812 0.689 105.998 0.841
201912 0.784 108.420 0.936
202012 0.743 109.897 0.875
202112 0.884 117.630 0.973
202212 0.527 125.222 0.545
202312 0.543 129.419 0.543

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.


Maroc Telecom  (XPAR:IAM) 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.


Maroc Telecom Cyclically Adjusted Price-to-FCF Related Terms

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


Maroc Telecom (XPAR:IAM) Business Description

Traded in Other Exchanges
Address
Avenue Annakhil, Hay Riad, Rabat, MAR
Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.

Maroc Telecom (XPAR:IAM) Headlines

No Headlines