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Swisscom AG (XSWX:SCMN) Cyclically Adjusted FCF per Share : CHF34.11 (As of Mar. 2025)


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What is Swisscom AG 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.

Swisscom AG's adjusted free cash flow per share for the three months ended in Mar. 2025 was CHF17.401. 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 CHF34.11 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Swisscom AG's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.00% 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 Swisscom AG was 2.00% per year. The lowest was -5.50% per year. And the median was -1.90% per year.

As of today (2025-05-13), Swisscom AG's current stock price is CHF532.00. Swisscom AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was CHF34.11. Swisscom AG's Cyclically Adjusted Price-to-FCF of today is 15.60.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Swisscom AG was 19.13. The lowest was 12.87. And the median was 15.69.


Swisscom AG Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Swisscom AG'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.

Swisscom AG Cyclically Adjusted FCF per Share Chart

Swisscom AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.45 30.78 31.37 31.87 32.65

Swisscom AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 32.48 32.22 32.33 32.65 34.11

Competitive Comparison of Swisscom AG's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Swisscom AG'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.


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

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

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


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Swisscom AG 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, Swisscom AG's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=17.401/107.7224*107.7224
=17.401

Current CPI (Mar. 2025) = 107.7224.

Swisscom AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 5.001 100.464 5.362
201509 12.549 99.785 13.547
201512 5.949 99.386 6.448
201603 1.275 99.475 1.381
201606 8.789 100.088 9.459
201609 11.286 99.604 12.206
201612 3.859 99.380 4.183
201703 5.135 100.040 5.529
201706 9.851 100.285 10.582
201709 10.649 100.254 11.442
201712 7.410 100.213 7.965
201803 3.593 100.836 3.838
201806 5.582 101.435 5.928
201809 8.665 101.246 9.219
201812 7.571 100.906 8.082
201903 6.137 101.571 6.509
201906 3.705 102.044 3.911
201909 12.179 101.396 12.939
201912 8.684 101.063 9.256
202003 4.984 101.048 5.313
202006 12.024 100.743 12.857
202009 10.231 100.585 10.957
202012 11.000 100.241 11.821
202103 7.029 100.800 7.512
202106 8.420 101.352 8.949
202109 11.294 101.533 11.983
202112 7.511 101.776 7.950
202203 2.857 103.205 2.982
202206 5.583 104.783 5.740
202209 14.398 104.835 14.795
202212 7.796 104.666 8.024
202303 5.867 106.245 5.949
202306 6.237 106.576 6.304
202309 12.184 106.570 12.316
202312 9.631 106.461 9.745
202403 7.545 107.355 7.571
202406 2.276 107.991 2.270
202409 14.268 107.468 14.302
202412 8.511 107.128 8.558
202503 17.401 107.722 17.401

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


Swisscom AG  (XSWX:SCMN) 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.

Swisscom AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=532.00/34.11
=15.60

* 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 Swisscom AG was 19.13. The lowest was 12.87. And the median was 15.69.


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.


Swisscom AG Cyclically Adjusted FCF per Share Related Terms

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


Swisscom AG Business Description

Traded in Other Exchanges
Address
Alte Tiefenaustrasse 6, 3048 Worblaufen, Ittigen, Bern, CHE, 3050
Swisscom AG is the incumbent telecom operator in Switzerland, with very high market share in mobile and fixed-line markets. It charges high prices compared with its competitors and other European peers due to the historical stability of the Swiss telecom market and a favorable regulatory environment. In 2024, Swisscom decided to merge its Italian business, Fastweb, with Vodafone Italia.

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