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Proximus (XBRU:PROX) Cyclically Adjusted FCF per Share : €1.56 (As of Mar. 2024)


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What is Proximus 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.

Proximus's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.310. 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 €1.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Proximus's average Cyclically Adjusted FCF Growth Rate was -6.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -3.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -4.90% 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 Proximus was -2.70% per year. The lowest was -5.90% per year. And the median was -4.60% per year.

As of today (2024-05-26), Proximus's current stock price is €7.40. Proximus's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.56. Proximus's Cyclically Adjusted Price-to-FCF of today is 4.74.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Proximus was 14.98. The lowest was 3.91. And the median was 9.80.


Proximus Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Proximus'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.

Proximus Cyclically Adjusted FCF per Share Chart

Proximus 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 1.99 1.79 1.75 1.73 1.61

Proximus 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 1.67 1.65 1.60 1.61 1.56

Competitive Comparison of Proximus's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Proximus'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.


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

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

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



Proximus 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, Proximus'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)
=-0.31/130.5518*130.5518
=-0.310

Current CPI (Mar. 2024) = 130.5518.

Proximus Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.349 99.482 0.458
201409 0.744 99.195 0.979
201412 0.186 99.086 0.245
201503 0.019 99.423 0.025
201506 0.627 100.107 0.818
201509 0.912 100.245 1.188
201512 -0.363 100.572 -0.471
201603 0.422 101.653 0.542
201606 0.369 102.267 0.471
201609 0.930 102.118 1.189
201612 0.012 102.614 0.015
201703 0.523 103.972 0.657
201706 0.139 103.902 0.175
201709 0.749 104.170 0.939
201712 0.074 104.804 0.092
201803 0.263 105.419 0.326
201806 0.276 106.063 0.340
201809 0.654 106.618 0.801
201812 0.229 107.252 0.279
201903 0.514 107.876 0.622
201906 0.433 107.896 0.524
201909 0.805 107.470 0.978
201912 -0.037 108.065 -0.045
202003 0.530 108.550 0.637
202006 0.366 108.540 0.440
202009 0.837 108.441 1.008
202012 -0.415 108.511 -0.499
202103 0.598 109.522 0.713
202106 0.424 110.305 0.502
202109 0.542 111.543 0.634
202112 -0.065 114.705 -0.074
202203 0.161 118.620 0.177
202206 -0.099 120.948 -0.107
202209 0.406 124.120 0.427
202212 0.385 126.578 0.397
202303 -0.242 126.528 -0.250
202306 0.068 125.973 0.070
202309 0.400 127.083 0.411
202312 0.288 128.292 0.293
202403 -0.310 130.552 -0.310

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


Proximus  (XBRU:PROX) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.40/1.56
=4.74

* 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 Proximus was 14.98. The lowest was 3.91. And the median was 9.80.


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.


Proximus Cyclically Adjusted FCF per Share Related Terms

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


Proximus (XBRU:PROX) Business Description

Traded in Other Exchanges
Address
Boulevard du Roi Albert II, 27, Proximus Towers, Brussels, BEL, B-1030
Proximus is the incumbent telecom operator in Belgium. The firm has around 45% share of the broadband market and 30% of the postpaid mobile market, mainly competing with Telenet (mobile and fixed) and Orange (mobile and fixed). Proximus is rolling out fiber to the home in Belgium and expects to have 95% of the country covered by 2032. Its international carrier services division, BICS, is one of the four largest in the world, serving more than 250 operators, which was strengthened in 2017 with the acquisition of Telesign.

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