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Crown Castle (BSP:C1CI34) Cyclically Adjusted FCF per Share : R$4.08 (As of Mar. 2024)


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What is Crown Castle 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.

Crown Castle's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$0.798. 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 R$4.08 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Crown Castle's average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 13.60% 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 Crown Castle was 56.90% per year. The lowest was 7.30% per year. And the median was 17.10% per year.

As of today (2024-05-24), Crown Castle's current stock price is R$129.22. Crown Castle's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$4.08. Crown Castle's Cyclically Adjusted Price-to-FCF of today is 31.67.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Crown Castle was 89.29. The lowest was 26.42. And the median was 66.35.


Crown Castle Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Crown Castle'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.

Crown Castle Cyclically Adjusted FCF per Share Chart

Crown Castle 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 - 2.93 3.72 4.05 3.97

Crown Castle 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 3.93 3.91 4.09 3.97 4.08

Competitive Comparison of Crown Castle's Cyclically Adjusted FCF per Share

For the REIT - Specialty subindustry, Crown Castle'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.


Crown Castle's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Crown Castle's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Crown Castle 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, Crown Castle'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)
=0.798/131.7762*131.7762
=0.798

Current CPI (Mar. 2024) = 131.7762.

Crown Castle Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.411 100.560 0.539
201409 0.401 100.428 0.526
201412 0.424 99.070 0.564
201503 0.610 99.621 0.807
201506 0.568 100.684 0.743
201509 0.392 100.392 0.515
201512 0.719 99.792 0.949
201603 0.674 100.470 0.884
201606 0.710 101.688 0.920
201609 0.397 101.861 0.514
201612 0.529 101.863 0.684
201703 0.389 102.862 0.498
201706 0.423 103.349 0.539
201709 0.381 104.136 0.482
201712 0.514 104.011 0.651
201803 0.164 105.290 0.205
201806 0.603 106.317 0.747
201809 0.459 106.507 0.568
201812 0.527 105.998 0.655
201903 0.074 107.251 0.091
201906 0.454 108.070 0.554
201909 0.306 108.329 0.372
201912 0.707 108.420 0.859
202003 0.602 108.902 0.728
202006 1.059 108.767 1.283
202009 0.894 109.815 1.073
202012 1.775 109.897 2.128
202103 0.917 111.754 1.081
202106 1.390 114.631 1.598
202109 1.031 115.734 1.174
202112 1.293 117.630 1.449
202203 0.794 121.301 0.863
202206 1.384 125.017 1.459
202209 1.099 125.227 1.156
202212 1.363 125.222 1.434
202303 0.795 127.348 0.823
202306 2.069 128.729 2.118
202309 0.529 129.860 0.537
202312 1.442 129.419 1.468
202403 0.798 131.776 0.798

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


Crown Castle  (BSP:C1CI34) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=129.22/4.08
=31.67

* 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 Crown Castle was 89.29. The lowest was 26.42. And the median was 66.35.


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.


Crown Castle Cyclically Adjusted FCF per Share Related Terms

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


Crown Castle (BSP:C1CI34) Business Description

Industry
Traded in Other Exchanges
Address
8020 Katy Freeway, Houston, TX, USA, 77024-1908
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.

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