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PCCW (PCCWY) Cyclically Adjusted Price-to-FCF : 9.00 (As of Apr. 28, 2024)


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What is PCCW Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), PCCW's current share price is $5.22. PCCW's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $0.58. PCCW's Cyclically Adjusted Price-to-FCF for today is 9.00.

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

PCCWY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.98   Med: 9.67   Max: 13.08
Current: 8.74

During the past 13 years, PCCW's highest Cyclically Adjusted Price-to-FCF was 13.08. The lowest was 6.98. And the median was 9.67.

PCCWY's Cyclically Adjusted Price-to-FCF is not ranked
in the Telecommunication Services industry.
Industry Median: 13.505 vs PCCWY: 8.74

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.

PCCW's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $0.881. 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 $0.58 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


PCCW Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PCCW'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.

PCCW Cyclically Adjusted Price-to-FCF Chart

PCCW 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 11.51 11.59 10.32 8.58 9.23

PCCW 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 10.32 - 8.58 - 9.23

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

For the Telecom Services subindustry, PCCW'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.


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

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

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



PCCW 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.22/0.58
=9.00

* 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.

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

For example, PCCW'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)
=0.881/117.2957*117.2957
=0.881

Current CPI (Dec23) = 117.2957.

PCCW Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.669 99.707 0.787
201512 0.813 102.015 0.935
201612 0.302 103.225 0.343
201712 0.732 104.984 0.818
201812 -0.144 107.622 -0.157
201912 0.284 110.700 0.301
202012 0.931 109.711 0.995
202112 0.296 112.349 0.309
202212 0.570 114.548 0.584
202312 0.881 117.296 0.881

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.


PCCW  (OTCPK:PCCWY) 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.


PCCW Cyclically Adjusted Price-to-FCF Related Terms

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


PCCW (PCCWY) Business Description

Traded in Other Exchanges
Address
Taikoo Place, 979 King’s Road, 41st Floor, PCCW Tower, Quarry Bay, Hong Kong, HKG
PCCW Ltd is a Hong Kong-based company engaged in the businesses of telecommunications, media, information technology solutions, property development and investment, and others. Its operating segments are HKT Limited (HKT), Media Business, and Solutions Business. The entity derives key revenue from the HKT segment, which includes the provision of telecommunications and related services such as local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sales, outsourcing, consulting, and contact centers. The company operates in Hong Kong, Mainland and other parts of China, Singapore and other countries, of which maximum revenue is derived from the operations in Hong Kong.

PCCW (PCCWY) Headlines

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