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Quebecor (TSX:QBR.B) Cyclically Adjusted Price-to-FCF : 17.04 (As of Apr. 28, 2024)


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What is Quebecor Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Quebecor's current share price is C$28.45. Quebecor's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$1.67. Quebecor's Cyclically Adjusted Price-to-FCF for today is 17.04.

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

TSX:QBR.B' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.36   Med: 31.45   Max: 221.86
Current: 17.08

During the past years, Quebecor's highest Cyclically Adjusted Price-to-FCF was 221.86. The lowest was 14.36. And the median was 31.45.

TSX:QBR.B's Cyclically Adjusted Price-to-FCF is ranked worse than
62.9% of 186 companies
in the Telecommunication Services industry
Industry Median: 13.505 vs TSX:QBR.B: 17.08

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.

Quebecor's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$0.777. 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$1.67 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quebecor Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Quebecor'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.

Quebecor Cyclically Adjusted Price-to-FCF Chart

Quebecor 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 36.08 26.85 24.38 21.92 18.92

Quebecor 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 21.92 22.80 20.72 17.64 18.92

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

For the Telecom Services subindustry, Quebecor'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.


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

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

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



Quebecor 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28.45/1.67
=17.04

* 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.

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

For example, Quebecor'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)
=0.777/125.4675*125.4675
=0.777

Current CPI (Dec. 2023) = 125.4675.

Quebecor Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.246 98.604 -0.313
201406 -0.507 99.473 -0.639
201409 0.689 99.394 0.870
201412 0.145 98.367 0.185
201503 -0.206 99.789 -0.259
201506 -0.733 100.500 -0.915
201509 0.246 100.421 0.307
201512 0.781 99.947 0.980
201603 0.013 101.054 0.016
201606 0.029 102.002 0.036
201609 0.596 101.765 0.735
201612 0.444 101.449 0.549
201703 -0.230 102.634 -0.281
201706 0.619 103.029 0.754
201709 0.866 103.345 1.051
201712 0.474 103.345 0.575
201803 0.421 105.004 0.503
201806 0.682 105.557 0.811
201809 1.096 105.636 1.302
201812 0.470 105.399 0.559
201903 -0.041 106.979 -0.048
201906 -0.506 107.690 -0.590
201909 0.726 107.611 0.846
201912 0.653 107.769 0.760
202003 0.534 107.927 0.621
202006 0.923 108.401 1.068
202009 0.666 108.164 0.773
202012 0.933 108.559 1.078
202103 0.369 110.298 0.420
202106 0.278 111.720 0.312
202109 0.163 112.905 0.181
202112 -1.942 113.774 -2.142
202203 0.296 117.646 0.316
202206 0.285 120.806 0.296
202209 1.299 120.648 1.351
202212 0.882 120.964 0.915
202303 0.505 122.702 0.516
202306 0.883 124.203 0.892
202309 1.485 125.230 1.488
202312 0.777 125.468 0.777

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.


Quebecor  (TSX:QBR.B) 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.


Quebecor Cyclically Adjusted Price-to-FCF Related Terms

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


Quebecor (TSX:QBR.B) Business Description

Traded in Other Exchanges
Address
612, rue Saint-Jacques, Corporate secretariat, 18th floor, Montreal, QC, CAN, H3C 4M8
Quebecor primarily provides telecom services in Quebec, where it has roughly 1.7 million internet subscribers—equating to a penetration rate of about 50% in its footprint—and over 3 million mobile subscribers, including more than 20% wireless market share in Quebec. With the acquisition of Freedom Mobile in April 2023, Quebecor also has more than 1.5 million mobile subscribers in Ontario, British Columbia, and Alberta. Quebecor also offers a French-language subscription video on demand service and has a media segment that owns and operates television stations, publishes newspapers and magazines, and produces and distributes films and television shows. A very small portion of Quebecor's business engages in live event production and promotion and has ownership of live-event venues.

Quebecor (TSX:QBR.B) Headlines

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