GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Vodacom Group Ltd (JSE:VOD) » Definitions » Cyclically Adjusted Price-to-FCF

Vodacom Group (JSE:VOD) Cyclically Adjusted Price-to-FCF : 8.02 (As of Jun. 19, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Vodacom Group Cyclically Adjusted Price-to-FCF?

As of today (2024-06-19), Vodacom Group's current share price is R98.00. Vodacom Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 was R12.22. Vodacom Group's Cyclically Adjusted Price-to-FCF for today is 8.02.

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

JSE:VOD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.21   Med: 13.75   Max: 37.45
Current: 7.68

During the past 13 years, Vodacom Group's highest Cyclically Adjusted Price-to-FCF was 37.45. The lowest was 7.21. And the median was 13.75.

JSE:VOD's Cyclically Adjusted Price-to-FCF is ranked better than
73.3% of 191 companies
in the Telecommunication Services industry
Industry Median: 12.83 vs JSE:VOD: 7.68

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.

Vodacom Group's adjusted free cash flow per share data of for the fiscal year that ended in Mar24 was R13.546. 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 R12.22 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vodacom Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Vodacom Group'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.

Vodacom Group Cyclically Adjusted Price-to-FCF Chart

Vodacom Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.29 11.74 14.19 10.33 8.07

Vodacom Group Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 14.19 - 10.33 - 8.07

Competitive Comparison of Vodacom Group's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Vodacom Group'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.


Vodacom Group's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

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

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



Vodacom Group 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=98.00/12.22
=8.02

* 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.

Vodacom Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Vodacom Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=13.546/155.4180*155.4180
=13.546

Current CPI (Mar24) = 155.4180.

Vodacom Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 5.727 98.538 9.033
201603 7.339 104.969 10.866
201703 9.278 111.400 12.944
201803 9.421 115.542 12.672
201903 8.310 120.774 10.694
202003 10.966 125.679 13.561
202103 11.481 129.628 13.765
202203 11.572 137.594 13.071
202303 11.418 147.586 12.024
202403 13.546 155.418 13.546

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.


Vodacom Group  (JSE:VOD) 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.


Vodacom Group Cyclically Adjusted Price-to-FCF Related Terms

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


Vodacom Group (JSE:VOD) Business Description

Traded in Other Exchanges
Address
082 Vodacom Boulevard, Vodacom Corporate Park, Midrand, Johannesburg, GT, ZAF, 1685
Vodacom Group Ltd is a telecommunications provider. The company provides fixed-line, broadband, and mobile services. It earns revenue through two main segments: South Africa and international. International includes regions such as Tanzania, Democratic Republic of Congo, Mozambique, and Lesotho; the majority of revenue is sourced from South Africa. Vodacom also has an enterprise service product, whereby telecommunications and managed services are offered to enterprises. The company owns mobile infrastructure.