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Cogeco (TSX:CGO) Cyclically Adjusted Price-to-FCF : 2.12 (As of Jun. 11, 2024)


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What is Cogeco Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), Cogeco's current share price is C$49.74. Cogeco's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was C$23.46. Cogeco's Cyclically Adjusted Price-to-FCF for today is 2.12.

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

TSX:CGO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2   Med: 5.1   Max: 8.93
Current: 2.12

During the past years, Cogeco's highest Cyclically Adjusted Price-to-FCF was 8.93. The lowest was 2.00. And the median was 5.10.

TSX:CGO's Cyclically Adjusted Price-to-FCF is ranked better than
96.34% of 191 companies
in the Telecommunication Services industry
Industry Median: 12.99 vs TSX:CGO: 2.12

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.

Cogeco's adjusted free cash flow per share data for the three months ended in Feb. 2024 was C$6.433. 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$23.46 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cogeco Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cogeco'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.

Cogeco Cyclically Adjusted Price-to-FCF Chart

Cogeco Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.01 4.44 4.61 2.82 2.19

Cogeco Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 2.64 2.32 2.19 1.98 2.45

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

For the Telecom Services subindustry, Cogeco'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.


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

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

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



Cogeco 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=49.74/23.46
=2.12

* 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.

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

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=6.433/125.4675*125.4675
=6.433

Current CPI (Feb. 2024) = 125.4675.

Cogeco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 5.926 99.394 7.481
201408 9.837 99.315 12.427
201411 -5.021 99.078 -6.358
201502 5.665 99.078 7.174
201505 5.696 100.263 7.128
201508 8.612 100.579 10.743
201511 -3.385 100.421 -4.229
201602 5.599 100.421 6.995
201605 5.458 101.765 6.729
201608 9.573 101.686 11.812
201611 1.518 101.607 1.874
201702 9.944 102.476 12.175
201705 8.565 103.108 10.422
201708 12.660 103.108 15.405
201711 -5.678 103.740 -6.867
201802 -1.220 104.688 -1.462
201805 4.412 105.399 5.252
201808 4.370 106.031 5.171
201811 0.120 105.478 0.143
201902 6.753 106.268 7.973
201905 10.465 107.927 12.166
201908 10.423 108.085 12.099
201911 1.803 107.769 2.099
202002 7.772 108.559 8.982
202005 10.514 107.532 12.268
202008 8.260 108.243 9.574
202011 7.443 108.796 8.584
202102 7.868 109.745 8.995
202105 8.897 111.404 10.020
202108 2.771 112.668 3.086
202111 9.439 113.932 10.395
202202 -7.220 115.986 -7.810
202205 9.941 120.016 10.393
202208 5.176 120.569 5.386
202211 -2.612 121.675 -2.693
202302 2.112 122.070 2.171
202305 2.131 124.045 2.155
202308 4.931 125.389 4.934
202311 5.330 125.468 5.330
202402 6.433 125.468 6.433

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.


Cogeco  (TSX:CGO) 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.


Cogeco Cyclically Adjusted Price-to-FCF Related Terms

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


Cogeco (TSX:CGO) Business Description

Traded in Other Exchanges
Address
1 Place Ville Marie, Bureau 3301, Montreal, QC, CAN, H3B 3N2
Cogeco Inc is a telecommunications company. The company has operating segments, namely Canadian broadband services, American broadband services and Others. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.