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Globe Telecom (PHS:GLO) Cyclically Adjusted FCF per Share : ₱22.54 (As of Mar. 2024)


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What is Globe Telecom Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Globe Telecom's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱68.034. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₱22.54 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Globe Telecom's average Cyclically Adjusted FCF Growth Rate was 76.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -33.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -26.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Globe Telecom was 5.20% per year. The lowest was -37.60% per year. And the median was -23.90% per year.

As of today (2024-06-06), Globe Telecom's current stock price is ₱1977.00. Globe Telecom's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱22.54. Globe Telecom's Cyclically Adjusted Price-to-FCF of today is 87.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Globe Telecom was 146.31. The lowest was 22.85. And the median was 32.17.


Globe Telecom Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Globe Telecom's Cyclically Adjusted FCF per Share 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.

Globe Telecom Cyclically Adjusted FCF per Share Chart

Globe Telecom Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.38 67.32 40.58 17.33 19.54

Globe Telecom Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 12.74 16.35 18.05 19.54 22.54

Competitive Comparison of Globe Telecom's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Globe Telecom'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.


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

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

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



Globe Telecom Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Globe Telecom's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=68.034/131.7762*131.7762
=68.034

Current CPI (Mar. 2024) = 131.7762.

Globe Telecom Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 16.873 100.560 22.111
201409 58.639 100.428 76.943
201412 5.324 99.070 7.082
201503 33.852 99.621 44.779
201506 -5.084 100.684 -6.654
201509 14.464 100.392 18.986
201512 -14.938 99.792 -19.726
201603 31.024 100.470 40.691
201606 -11.458 101.688 -14.848
201609 0.071 101.861 0.092
201612 -14.336 101.863 -18.546
201703 34.412 102.862 44.085
201706 -6.902 103.349 -8.800
201709 6.805 104.136 8.611
201712 22.969 104.011 29.100
201803 27.682 105.290 34.646
201806 24.774 106.317 30.707
201809 46.259 106.507 57.234
201812 8.775 105.998 10.909
201903 68.814 107.251 84.550
201906 51.222 108.070 62.458
201909 51.555 108.329 62.714
201912 -2.355 108.420 -2.862
202003 22.685 108.902 27.450
202006 2.198 108.767 2.663
202009 66.282 109.815 79.537
202012 -58.647 109.897 -70.323
202103 -17.296 111.754 -20.395
202106 -51.415 114.631 -59.105
202109 -45.221 115.734 -51.489
202112 -90.452 117.630 -101.330
202203 -65.392 121.301 -71.039
202206 -67.896 125.017 -71.567
202209 -60.293 125.227 -63.446
202212 -71.801 125.222 -75.559
202303 -27.519 127.348 -28.476
202306 2.253 128.729 2.306
202309 48.142 129.860 48.853
202312 44.190 129.419 44.995
202403 68.034 131.776 68.034

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Globe Telecom  (PHS:GLO) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Globe Telecom's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1977.00/22.54
=87.71

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Globe Telecom was 146.31. The lowest was 22.85. And the median was 32.17.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Globe Telecom Cyclically Adjusted FCF per Share Related Terms

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


Globe Telecom (PHS:GLO) Business Description

Traded in Other Exchanges
Address
32nd Street Corner 7th Avenue, 27th Floor, The Globe Tower, Bonifacio Global City, Taguig, PHL, 1634
Globe Telecom Inc is a telecommunications company that provides mobile, voice, and broadband services. Its operating segments are Mobile Business, Fixed Line and Broadband Business. Mobile involves traditional mobile services and contributes the majority of company revenue. Within the mobile division, the majority of subscribers are considered prepaid customers. The other division, fixed-line and broadband, provides fixed-line voice services, corporate data, and Internet for its customers. The company generates the vast majority of its revenue in the Philippines.