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Liberty Global (WBO:LBTC) Cyclically Adjusted FCF per Share : €4.53 (As of Mar. 2024)


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What is Liberty Global 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.

Liberty Global's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.251. 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 €4.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Liberty Global's average Cyclically Adjusted FCF Growth Rate was 0.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.40% 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 Liberty Global was 16.10% per year. The lowest was 3.00% per year. And the median was 7.20% per year.

As of today (2024-05-27), Liberty Global's current stock price is €15.50. Liberty Global's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.53. Liberty Global's Cyclically Adjusted Price-to-FCF of today is 3.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Liberty Global was 19.81. The lowest was 3.00. And the median was 6.71.


Liberty Global Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Liberty Global'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.

Liberty Global Cyclically Adjusted FCF per Share Chart

Liberty Global 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 3.39 3.27 4.15 4.70 4.37

Liberty Global 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 4.52 4.97 5.11 4.37 4.53

Competitive Comparison of Liberty Global's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Liberty Global'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.


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

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

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



Liberty Global 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, Liberty Global'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)
=-0.251/131.6000*131.6000
=-0.251

Current CPI (Mar. 2024) = 131.6000.

Liberty Global Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.727 99.800 0.959
201409 0.481 100.000 0.633
201412 0.700 99.900 0.922
201503 0.689 99.600 0.910
201506 0.595 100.100 0.782
201509 0.799 100.200 1.049
201512 1.141 100.400 1.496
201603 0.412 100.400 0.540
201606 1.024 101.000 1.334
201609 0.731 101.500 0.948
201612 2.305 102.200 2.968
201703 0.503 102.700 0.645
201706 1.715 103.500 2.181
201709 1.070 104.300 1.350
201712 1.317 105.000 1.651
201803 0.798 105.100 0.999
201806 1.811 105.900 2.250
201809 0.639 106.600 0.789
201812 1.693 107.100 2.080
201903 0.518 107.000 0.637
201906 1.674 107.900 2.042
201909 0.464 108.400 0.563
201912 1.746 108.500 2.118
202003 0.146 108.600 0.177
202006 1.218 108.800 1.473
202009 1.193 109.200 1.438
202012 1.583 109.400 1.904
202103 0.515 109.700 0.618
202106 1.085 111.400 1.282
202109 0.512 112.400 0.599
202112 1.116 114.700 1.280
202203 0.484 116.500 0.547
202206 0.921 120.500 1.006
202209 0.514 122.300 0.553
202212 1.035 125.300 1.087
202303 -0.143 126.800 -0.148
202306 0.795 129.400 0.809
202309 -0.002 130.100 -0.002
202312 1.101 130.500 1.110
202403 -0.251 131.600 -0.251

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


Liberty Global  (WBO:LBTC) 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.

Liberty Global's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.50/4.53
=3.42

* 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 Liberty Global was 19.81. The lowest was 3.00. And the median was 6.71.


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.


Liberty Global Cyclically Adjusted FCF per Share Related Terms

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


Liberty Global (WBO:LBTC) Business Description

Traded in Other Exchanges
Address
161 Hammersmith Road, Griffin House, London, GBR, W6 8BS
Liberty Global is a holding company with interests in several telecom companies in the U.K., Netherlands, Belgium, Switzerland, Ireland, and Slovakia. Liberty is the owner of the main cable network in each of these geographies and has pursued a strategy since 2016 to merge or partner with mobile-network-operators to be able to offer converged services. Liberty also owns minority stakes in other media, entertainment, and cloud companies.

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