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Cogeco Communications (TSX:CCA) Cyclically Adjusted Price-to-FCF : 6.94 (As of Apr. 27, 2024)


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

As of today (2024-04-27), Cogeco Communications's current share price is C$54.29. Cogeco Communications's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was C$7.82. Cogeco Communications's Cyclically Adjusted Price-to-FCF for today is 6.94.

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

TSX:CCA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.71   Med: 17.98   Max: 28.33
Current: 7.21

During the past years, Cogeco Communications's highest Cyclically Adjusted Price-to-FCF was 28.33. The lowest was 6.71. And the median was 17.98.

TSX:CCA's Cyclically Adjusted Price-to-FCF is ranked better than
75.27% of 186 companies
in the Telecommunication Services industry
Industry Median: 13.505 vs TSX:CCA: 7.21

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.

Cogeco Communications's adjusted free cash flow per share data for the three months ended in Feb. 2024 was C$1.579. 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 C$7.82 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cogeco Communications Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cogeco 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.

* Premium members only.

Cogeco Communications Cyclically Adjusted Price-to-FCF Chart

Cogeco Communications Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.59 16.35 17.41 10.71 8.69

Cogeco Communications Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 9.12 8.29 8.69 6.57 7.64

Competitive Comparison of Cogeco Communications's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Cogeco 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.


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

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

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



Cogeco 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.

Cogeco Communications's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=54.29/7.82
=6.94

* 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.

Cogeco Communications's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Cogeco Communications's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.579/125.4675*125.4675
=1.579

Current CPI (Feb. 2024) = 125.4675.

Cogeco Communications Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 2.030 99.394 2.563
201408 3.330 99.315 4.207
201411 -1.638 99.078 -2.074
201502 1.933 99.078 2.448
201505 1.892 100.263 2.368
201508 2.859 100.579 3.566
201511 -1.016 100.421 -1.269
201602 1.806 100.421 2.256
201605 1.773 101.765 2.186
201608 3.087 101.686 3.809
201611 0.545 101.607 0.673
201702 3.215 102.476 3.936
201705 2.851 103.108 3.469
201708 4.039 103.108 4.915
201711 -1.806 103.740 -2.184
201802 1.736 104.688 2.081
201805 1.378 105.399 1.640
201808 1.225 106.031 1.450
201811 -0.031 105.478 -0.037
201902 2.144 106.268 2.531
201905 3.397 107.927 3.949
201908 3.207 108.085 3.723
201911 0.562 107.769 0.654
202002 2.448 108.559 2.829
202005 3.269 107.532 3.814
202008 2.624 108.243 3.042
202011 2.608 108.796 3.008
202102 2.411 109.745 2.756
202105 2.893 111.404 3.258
202108 0.907 112.668 1.010
202111 3.003 113.932 3.307
202202 -2.413 115.986 -2.610
202205 3.348 120.016 3.500
202208 1.639 120.569 1.706
202211 -0.886 121.675 -0.914
202302 0.671 122.070 0.690
202305 0.781 124.045 0.790
202308 1.704 125.389 1.705
202311 1.877 125.468 1.877
202402 1.579 125.468 1.579

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.


Cogeco Communications  (TSX:CCA) 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.


Cogeco Communications Cyclically Adjusted Price-to-FCF Related Terms

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Cogeco Communications (TSX:CCA) Business Description

Traded in Other Exchanges
Address
1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3
Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides Internet, video and phone services to residential, business and other customers. The reportable segments of the company are Canadian telecommunications and American telecommunications. The company earns majority of its revenue from American telecommunications. The company operates in Canada and United States.

Cogeco Communications (TSX:CCA) Headlines