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Tucows (Tucows) Cyclically Adjusted FCF per Share : $-2.03 (As of Dec. 2023)


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What is Tucows 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.

Tucows's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.522. 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 $-2.03 for the trailing ten years ended in Dec. 2023.

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 Tucows was 34.70% per year. The lowest was -43.10% per year. And the median was 19.10% per year.

As of today (2024-05-14), Tucows's current stock price is $20.15. Tucows's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $-2.03. Tucows's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tucows was 598.71. The lowest was 24.55. And the median was 78.85.


Tucows Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tucows'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.

Tucows Cyclically Adjusted FCF per Share Chart

Tucows Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.57 0.14 -1.00 -2.03

Tucows Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -1.00 -1.36 -1.64 -1.96 -2.03

Competitive Comparison of Tucows's Cyclically Adjusted FCF per Share

For the Software - Infrastructure subindustry, Tucows'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.


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

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

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



Tucows 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, Tucows's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.522/125.4675*125.4675
=-0.522

Current CPI (Dec. 2023) = 125.4675.

Tucows Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.009 98.604 -0.011
201406 0.070 99.473 0.088
201409 0.407 99.394 0.514
201412 0.226 98.367 0.288
201503 0.237 99.789 0.298
201506 0.095 100.500 0.119
201509 0.534 100.421 0.667
201512 0.354 99.947 0.444
201603 -0.119 101.054 -0.148
201606 0.129 102.002 0.159
201609 0.292 101.765 0.360
201612 0.457 101.449 0.565
201703 -0.120 102.634 -0.147
201706 0.484 103.029 0.589
201709 0.189 103.345 0.229
201712 0.929 103.345 1.128
201803 0.413 105.004 0.493
201806 -0.145 105.557 -0.172
201809 0.380 105.636 0.451
201812 0.161 105.399 0.192
201903 -0.133 106.979 -0.156
201906 -0.319 107.690 -0.372
201909 -0.012 107.611 -0.014
201912 0.026 107.769 0.030
202003 0.385 107.927 0.448
202006 -0.308 108.401 -0.356
202009 0.075 108.164 0.087
202012 -0.939 108.559 -1.085
202103 -0.001 110.298 -0.001
202106 -1.686 111.720 -1.893
202109 -1.202 112.905 -1.336
202112 -1.204 113.774 -1.328
202203 -1.650 117.646 -1.760
202206 -1.647 120.806 -1.711
202209 -4.424 120.648 -4.601
202212 -3.197 120.964 -3.316
202303 -3.439 122.702 -3.517
202306 -2.303 124.203 -2.326
202309 -2.716 125.230 -2.721
202312 -0.522 125.468 -0.522

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


Tucows  (NAS:TCX) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tucows was 598.71. The lowest was 24.55. And the median was 78.85.


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.


Tucows Cyclically Adjusted FCF per Share Related Terms

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


Tucows (Tucows) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Tucows Inc (NAS:TCX) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
96 Mowat Avenue, Toronto, ON, CAN, M6K 3M1
Tucows Inc provides us consumers and small businesses with mobile phone services nationally and high-speed fixed Internet access in selected towns. The Company offers Mobile Service Enabler (MSE) solutions, as well as professional services to other retail mobile providers. The Company is also a global distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services primarily through a global Internet-based distribution network of Internet Service Providers, web hosting companies, and other providers of Internet services to end-users. It operates in three segments: Domain Services, Mobile Services, and Fiber Internet Services. It generates the majority of its revenue from Domain Services.
Executives
Elliot Noss director, officer: Chief Executive Officer
Robin Chase director 96 MOWAT AVENUE, TORONTO A6 M6K3M1
Lee Matheson director 96 MOWAT AVE, TORONTO A6 M6K 3M1
Gigi Sohn director 96 MOWAT AVE, TORONTO A6 M6K 3M1
Blacksheep Fund Management Ltd 10 percent owner ROCK HOUSE, MAIN STREET, BLACKROCK, CO. DUBLIN L2 A94 YY39
Michael Alan Koenig officer: Chief Operating Officer 96 MOWAT AVE, TORONTO A6 M6K 3M1
Blacksheep Master Fund Ltd. 10 percent owner C/O MOURANT GOVERNANCE SERVICES, PO BOX 1348, 94 SOLARIS AVE., GRAND CAYMAN E9 KY1-1108
Herdwick Capital Ltd 10 percent owner C/O BLACKSHEEP FUND MANAGEMENT LIMITED, ROCK HOUSE, MAIN STREET, BLACKROCK, CO. DUBLIN L2 A94 YY39
Alexis Fortune 10 percent owner C/O BLACKSHEEP FUND MANAGEMENT LIMITED, ROCK HOUSE, MAIN STREET, BLACKROCK, CO. DUBLIN L2 A94 YY39
David John Woroch officer: VP Sales & Customer Support 96 MOWAT AVENUE, TORONTO A6 M6K 3M1
Marlene Carl director 96 MOWAT AVENUE, TORONTO A6 M6K3M1
Bret Fausett officer: Chief Legal Officer & VP 96 MOWAT AVENUE, TORONTO A6 M6K3M1
Jessica Sybil-lynne Johannson officer: VP HR 612-11 BRONTE ROAD, OAKVILLE A6 L6L0E1
Justin Reilly officer: CPO 96 MOWAT AVENUE, TORONTO A6 M6K3M1
Jill Szchumacher officer: EVP Networks 96 MOWAT AVENUE, TORONTO A6 M6K3M1