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BCE (BCE) Cyclically Adjusted Price-to-FCF : 12.25 (As of Jun. 10, 2024)


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What is BCE Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), BCE's current share price is $33.92. BCE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.77. BCE's Cyclically Adjusted Price-to-FCF for today is 12.25.

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

BCE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.79   Med: 17.72   Max: 22.46
Current: 12.57

During the past years, BCE's highest Cyclically Adjusted Price-to-FCF was 22.46. The lowest was 11.79. And the median was 17.72.

BCE's Cyclically Adjusted Price-to-FCF is ranked better than
51.31% of 191 companies
in the Telecommunication Services industry
Industry Median: 12.99 vs BCE: 12.57

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.

BCE's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.021. 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 $2.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BCE Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BCE'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.

BCE Cyclically Adjusted Price-to-FCF Chart

BCE 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 18.49 15.78 18.85 15.92 13.98

BCE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 16.12 16.19 13.98 13.98 12.28

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

For the Telecom Services subindustry, BCE'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.


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

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

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



BCE 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=33.92/2.77
=12.25

* 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.

BCE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, BCE'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)
=0.021/126.2576*126.2576
=0.021

Current CPI (Mar. 2024) = 126.2576.

BCE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.546 99.473 0.693
201409 1.052 99.394 1.336
201412 0.466 98.367 0.598
201503 0.111 99.789 0.140
201506 0.476 100.500 0.598
201509 0.839 100.421 1.055
201512 0.470 99.947 0.594
201603 0.381 101.054 0.476
201606 0.838 102.002 1.037
201609 0.847 101.765 1.051
201612 0.453 101.449 0.564
201703 0.393 102.634 0.483
201706 0.928 103.029 1.137
201709 1.078 103.345 1.317
201712 0.485 103.345 0.593
201803 0.454 105.004 0.546
201806 0.849 105.557 1.015
201809 0.866 105.636 1.035
201812 0.673 105.399 0.806
201903 0.554 106.979 0.654
201906 0.941 107.690 1.103
201909 1.046 107.611 1.227
201912 0.790 107.769 0.926
202003 0.534 107.927 0.625
202006 1.356 108.401 1.579
202009 0.831 108.164 0.970
202012 0.118 108.559 0.137
202103 0.862 110.298 0.987
202106 1.165 111.720 1.317
202109 0.167 112.905 0.187
202112 -1.191 113.774 -1.322
202203 0.657 117.646 0.705
202206 1.179 120.806 1.232
202209 0.556 120.648 0.582
202212 0.337 120.964 0.352
202303 0.120 122.702 0.123
202306 0.753 124.203 0.765
202309 0.647 125.230 0.652
202312 1.079 125.072 1.089
202403 0.021 126.258 0.021

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.


BCE  (NYSE:BCE) 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.


BCE Cyclically Adjusted Price-to-FCF Related Terms

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


BCE (BCE) Business Description

Address
1 Carrefour Alexander Graham Bell, Tour A-7, Verdun, QC, CAN, H3E 3B3
BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrier—the legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz. In 2022, the wireline segment made up 52% of total EBITDA, while wireless was 31% and media provided the remainder.