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BlackBerry (TSX:BB) Cyclically Adjusted Price-to-FCF : 24.19 (As of Apr. 28, 2024)


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What is BlackBerry Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), BlackBerry's current share price is C$3.87. BlackBerry's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was C$0.16. BlackBerry's Cyclically Adjusted Price-to-FCF for today is 24.19.

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

TSX:BB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.43   Med: 12.38   Max: 1480
Current: 23.79

During the past years, BlackBerry's highest Cyclically Adjusted Price-to-FCF was 1480.00. The lowest was 5.43. And the median was 12.38.

TSX:BB's Cyclically Adjusted Price-to-FCF is ranked better than
57.01% of 670 companies
in the Software industry
Industry Median: 28.305 vs TSX:BB: 23.79

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.

BlackBerry's adjusted free cash flow per share data for the three months ended in Feb. 2024 was C$-0.044. 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$0.16 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BlackBerry Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BlackBerry'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.

BlackBerry Cyclically Adjusted Price-to-FCF Chart

BlackBerry Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.78 953.65 190.09 - 23.36

BlackBerry Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 - - - - 23.36

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

For the Software - Infrastructure subindustry, BlackBerry'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.


BlackBerry's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, BlackBerry's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



BlackBerry 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.87/0.16
=24.19

* 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.

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

For example, BlackBerry'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)
=-0.044/125.4675*125.4675
=-0.044

Current CPI (Feb. 2024) = 125.4675.

BlackBerry Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.222 99.394 0.280
201408 -0.070 99.315 -0.088
201411 0.094 99.078 0.119
201502 0.381 99.078 0.482
201505 0.203 100.263 0.254
201508 0.158 100.579 0.197
201511 -0.008 100.421 -0.010
201602 -0.089 100.421 -0.111
201605 -0.184 101.765 -0.227
201608 -0.112 101.686 -0.138
201611 -0.421 101.607 -0.520
201702 -0.020 102.476 -0.024
201705 2.133 103.108 2.596
201708 -0.013 103.108 -0.016
201711 -0.034 103.740 -0.041
201802 -0.367 104.688 -0.440
201805 -0.046 105.399 -0.055
201808 0.035 106.031 0.041
201811 0.103 105.478 0.123
201902 0.015 106.268 0.018
201905 -0.160 107.927 -0.186
201908 0.009 108.085 0.010
201911 0.060 107.769 0.070
202002 0.050 108.559 0.058
202005 -0.100 107.532 -0.117
202008 0.050 108.243 0.058
202011 0.049 108.796 0.057
202102 0.081 109.745 0.093
202105 -0.088 111.404 -0.099
202108 0.011 112.668 0.012
202111 -0.058 113.932 -0.064
202202 -0.004 115.986 -0.004
202205 -0.103 120.016 -0.108
202208 -0.071 120.569 -0.074
202211 -0.412 121.675 -0.425
202302 -0.046 122.070 -0.047
202305 0.206 124.045 0.208
202308 -0.136 125.389 -0.136
202311 -0.075 125.468 -0.075
202402 -0.044 125.468 -0.044

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.


BlackBerry  (TSX:BB) 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.


BlackBerry Cyclically Adjusted Price-to-FCF Related Terms

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


BlackBerry (TSX:BB) Business Description

Industry
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2200 University Avenue East, Waterloo, ON, CAN, N2K 0A7
BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.