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Cogeco (FRA:76E) Cyclically Adjusted FCF per Share : €16.70 (As of Feb. 2025)


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What is Cogeco 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's adjusted free cash flow per share for the three months ended in Feb. 2025 was €6.036. 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 €16.70 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Cogeco's average Cyclically Adjusted FCF Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% 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 was 293.60% per year. The lowest was 6.10% per year. And the median was 14.30% per year.

As of today (2025-05-22), Cogeco's current stock price is €40.20. Cogeco's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2025 was €16.70. Cogeco's Cyclically Adjusted Price-to-FCF of today is 2.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Cogeco was 7.04. The lowest was 2.00. And the median was 4.76.


Cogeco Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Cogeco'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 Cyclically Adjusted FCF per Share Chart

Cogeco Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.60 13.33 17.44 15.19 15.76

Cogeco Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 15.93 16.27 15.76 15.83 16.70

Competitive Comparison of Cogeco's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Cogeco'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's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

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

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


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Cogeco 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's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=6.036/128.7859*128.7859
=6.036

Current CPI (Feb. 2025) = 128.7859.

Cogeco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201505 4.187 100.263 5.378
201508 5.882 100.579 7.532
201511 -2.376 100.421 -3.047
201602 3.661 100.421 4.695
201605 3.728 101.765 4.718
201608 6.569 101.686 8.320
201611 1.047 101.607 1.327
201702 7.123 102.476 8.952
201705 5.697 103.108 7.116
201708 8.505 103.108 10.623
201711 -3.788 103.740 -4.703
201802 -0.785 104.688 -0.966
201805 2.901 105.399 3.545
201808 2.902 106.031 3.525
201811 0.080 105.478 0.098
201902 4.504 106.268 5.458
201905 6.951 107.927 8.294
201908 7.060 108.085 8.412
201911 1.233 107.769 1.473
202002 5.365 108.559 6.365
202005 6.900 107.532 8.264
202008 5.276 108.243 6.277
202011 4.817 108.796 5.702
202102 5.125 109.745 6.014
202105 6.039 111.404 6.981
202108 1.869 112.668 2.136
202111 6.580 113.932 7.438
202202 -5.004 115.986 -5.556
202205 7.313 120.016 7.847
202208 3.955 120.569 4.225
202211 -1.904 121.675 -2.015
202302 1.466 122.070 1.547
202305 1.450 124.045 1.505
202308 3.355 125.389 3.446
202311 3.593 125.468 3.688
202402 4.417 125.468 4.534
202405 0.109 127.601 0.110
202408 11.454 127.838 11.539
202411 3.607 127.838 3.634
202502 6.036 128.786 6.036

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


Cogeco  (FRA:76E) 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's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=40.20/16.70
=2.41

* 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 was 7.04. The lowest was 2.00. And the median was 4.76.


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 Cyclically Adjusted FCF per Share Related Terms

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


Cogeco Business Description

Traded in Other Exchanges
Address
1 Place Ville Marie, Bureau 3301, Montreal, QC, CAN, H3B 3N2
Cogeco Inc is a telecommunications company. The company has operating segments, namely Canadian telecommunications and American telecommunications and Others. The Canadian and American telecommunications segments provide a wide range of Internet, video, and telephony services to residential customers, as well as business services across their coverage areas. The Canadian telecommunications segment activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American telecommunications segment activities are carried out by Atlantic Broadband in 12 states. It derives maximum revenue from Canadian telecommunications segment.

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