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Covista Communications (Covista Communications) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Covista Communications Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Covista Communications Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Covista Communications'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.

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Covista Communications Cyclically Adjusted Price-to-FCF Chart

Covista Communications Annual Data
Trend Jan96 Jan97 Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05
Cyclically Adjusted Price-to-FCF
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Covista Communications Quarterly Data
Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02 Jul02 Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05
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Competitive Comparison of Covista Communications's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Covista Communications'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.


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

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

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



Covista Communications 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.

Covista Communications's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2005 is calculated as:

For example, Covista Communications's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2005 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2005 (Change)*Current CPI (Apr. 2005)
=-0.082/82.1038*82.1038
=-0.082

Current CPI (Apr. 2005) = 82.1038.

Covista Communications Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
199507 -0.133 64.341 -0.170
199510 0.150 64.848 0.190
199601 -0.049 65.143 -0.062
199604 0.064 65.945 0.080
199607 0.120 66.240 0.149
199610 0.060 66.789 0.074
199701 -0.489 67.126 -0.598
199704 0.105 67.590 0.128
199707 -0.187 67.717 -0.227
199710 0.033 68.181 0.040
199801 -0.027 68.181 -0.033
199804 0.067 68.561 0.080
199807 -0.213 68.856 -0.254
199810 0.453 69.193 0.538
199901 0.000 69.320 0.000
199904 -0.400 70.122 -0.468
199907 0.000 70.333 0.000
199910 -0.196 70.965 -0.227
200001 0.197 71.219 0.227
200004 -0.096 72.273 -0.109
200007 0.123 72.906 0.139
200010 -0.076 73.413 -0.085
200101 -0.112 73.877 -0.124
200104 -0.417 74.636 -0.459
200107 -0.107 74.889 -0.117
200110 -0.133 74.974 -0.146
200201 -0.194 74.720 -0.213
200204 -0.203 75.860 -0.220
200207 -0.257 75.986 -0.278
200210 0.112 76.492 0.120
200301 -0.307 76.661 -0.329
200304 -0.019 77.547 -0.020
200307 0.076 77.589 0.080
200310 -0.104 78.054 -0.109
200401 0.137 78.138 0.144
200404 -0.117 79.319 -0.121
200407 0.005 79.910 0.005
200410 -0.012 80.543 -0.012
200501 -0.180 80.458 -0.184
200504 -0.082 82.104 -0.082

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.


Covista Communications  (OTCPK:CVST) 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.


Covista Communications Cyclically Adjusted Price-to-FCF Related Terms

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Covista Communications (Covista Communications) Business Description

Traded in Other Exchanges
N/A
Address
735 Broad Street, Unit 306, Chattanooga, TN, USA, 37402
Covista Communications Inc is a telecommunication service provider. Its products and services include voice, data, and internet solutions, including local, long-distance, and toll-free services, calling card, frame relay, Internet access, & directory assistance.
Executives
W Thorpe Mckenzie director 735 BROAD ST, STE 1105, CHATTANOOGA TN 37402
Jay J Miller director 430 EAST 57TH STREET SUITE 5 D, NEW YORK NY 10022

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