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Telefonica Brasil (BSP:VIVT3) Cyclically Adjusted Price-to-FCF : 10.02 (As of Apr. 28, 2024)


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What is Telefonica Brasil Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Telefonica Brasil's current share price is R$48.00. Telefonica Brasil's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$4.79. Telefonica Brasil's Cyclically Adjusted Price-to-FCF for today is 10.02.

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

BSP:VIVT3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.51   Med: 9.44   Max: 12.78
Current: 10.01

During the past years, Telefonica Brasil's highest Cyclically Adjusted Price-to-FCF was 12.78. The lowest was 6.51. And the median was 9.44.

BSP:VIVT3's Cyclically Adjusted Price-to-FCF is ranked better than
65.59% of 186 companies
in the Telecommunication Services industry
Industry Median: 13.505 vs BSP:VIVT3: 10.01

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.

Telefonica Brasil's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$0.708. 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 R$4.79 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telefonica Brasil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Telefonica Brasil'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.

Telefonica Brasil Cyclically Adjusted Price-to-FCF Chart

Telefonica Brasil 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 11.54 10.83 10.40 8.24 11.15

Telefonica Brasil Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 8.45 8.24 - 8.88 11.15

Competitive Comparison of Telefonica Brasil's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Telefonica Brasil'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.


Telefonica Brasil's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

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

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



Telefonica Brasil 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.

Telefonica Brasil's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=48.00/4.79
=10.02

* 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.

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

For example, Telefonica Brasil'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)
=0.708/156.2729*156.2729
=0.708

Current CPI (Dec. 2023) = 156.2729.

Telefonica Brasil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 1.195 88.522 2.110
201403 -0.137 90.447 -0.237
201406 1.139 91.838 1.938
201409 1.436 92.602 2.423
201412 -0.293 94.194 -0.486
201503 -0.654 97.799 -1.045
201506 0.512 100.006 0.800
201509 0.420 101.392 0.647
201512 1.490 104.247 2.234
201603 0.108 106.979 0.158
201606 0.716 108.851 1.028
201609 0.714 109.986 1.014
201612 0.813 110.802 1.147
201703 -0.073 111.869 -0.102
201706 1.041 112.115 1.451
201709 1.087 112.777 1.506
201712 0.476 114.068 0.652
201803 0.501 114.868 0.682
201806 0.200 117.038 0.267
201809 0.161 117.881 0.213
201812 1.165 118.340 1.538
201903 0.834 120.124 1.085
201906 1.392 120.977 1.798
201909 1.462 121.292 1.884
201912 1.571 123.436 1.989
202003 1.439 124.092 1.812
202006 1.828 123.557 2.312
202009 2.228 125.095 2.783
202012 1.050 129.012 1.272
202103 1.547 131.660 1.836
202106 1.137 133.871 1.327
202109 1.728 137.913 1.958
202112 0.802 141.992 0.883
202203 1.579 146.537 1.684
202206 1.493 149.784 1.558
202209 1.290 147.800 1.364
202212 1.055 150.207 1.098
202306 0.000 154.519 0.000
202309 1.449 155.464 1.457
202312 0.708 156.273 0.708

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.


Telefonica Brasil  (BSP:VIVT3) 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.


Telefonica Brasil Cyclically Adjusted Price-to-FCF Related Terms

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


Telefonica Brasil (BSP:VIVT3) Business Description

Traded in Other Exchanges
Address
Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936
Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 98 million customers, equal to about 40% market share. The firm is strongest in the postpaid business, where it has 60 million customers, about 42% share of this market. It is the incumbent fixed-line telephone operator in Sao Paulo state and, following the acquisition of GVT, the owner of an extensive fiber network across the country. The firm provides internet access to 6 million households on this network. Following its parent Telefonica's footsteps, Vivo is cross-selling fixed-line and wireless services as a converged offering. The firm also sells pay-tv services to its fixed-line customers.

Telefonica Brasil (BSP:VIVT3) Headlines

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