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Tucows (TSX:TC) Cyclically Adjusted Price-to-FCF : (As of May. 02, 2024)


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What is Tucows Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tucows Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tucows'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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Tucows Cyclically Adjusted Price-to-FCF Chart

Tucows Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.15 129.60 597.80 - -

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 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 - - - - -

Competitive Comparison of Tucows's Cyclically Adjusted Price-to-FCF

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 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.

Tucows's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

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)
=-0.7/125.4675*125.4675
=-0.700

Current CPI (Dec. 2023) = 125.4675.

Tucows Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.010 98.604 -0.013
201406 0.076 99.473 0.096
201409 0.448 99.394 0.566
201412 0.260 98.367 0.332
201503 0.299 99.789 0.376
201506 0.117 100.500 0.146
201509 0.708 100.421 0.885
201512 0.485 99.947 0.609
201603 -0.158 101.054 -0.196
201606 0.167 102.002 0.205
201609 0.383 101.765 0.472
201612 0.610 101.449 0.754
201703 -0.160 102.634 -0.196
201706 0.643 103.029 0.783
201709 0.232 103.345 0.282
201712 1.186 103.345 1.440
201803 0.534 105.004 0.638
201806 -0.190 105.557 -0.226
201809 0.495 105.636 0.588
201812 0.216 105.399 0.257
201903 -0.178 106.979 -0.209
201906 -0.424 107.690 -0.494
201909 -0.016 107.611 -0.019
201912 0.035 107.769 0.041
202003 0.538 107.927 0.625
202006 -0.417 108.401 -0.483
202009 0.099 108.164 0.115
202012 -1.202 108.559 -1.389
202103 -0.001 110.298 -0.001
202106 -2.060 111.720 -2.313
202109 -1.523 112.905 -1.692
202112 -1.542 113.774 -1.700
202203 -2.089 117.646 -2.228
202206 -2.109 120.806 -2.190
202209 -5.901 120.648 -6.137
202212 -4.343 120.964 -4.505
202303 -4.706 122.702 -4.812
202306 -3.060 124.203 -3.091
202309 -3.675 125.230 -3.682
202312 -0.700 125.468 -0.700

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.


Tucows  (TSX:TC) 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.


Tucows Cyclically Adjusted Price-to-FCF Related Terms

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Tucows (TSX:TC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Tucows Inc (TSX:TC) » Definitions » Cyclically Adjusted Price-to-FCF
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.