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TELUS (FRA:BCZ) Cyclically Adjusted FCF per Share : €0.25 (As of Mar. 2024)


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What is TELUS 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.

TELUS's adjusted free cash flow per share 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 the count will get our Cyclically Adjusted FCF per Share, which is €0.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TELUS's average Cyclically Adjusted FCF Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -10.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -6.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -6.70% 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 TELUS was 18.60% per year. The lowest was -19.40% per year. And the median was -3.55% per year.

As of today (2024-06-10), TELUS's current stock price is €15.30. TELUS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.25. TELUS's Cyclically Adjusted Price-to-FCF of today is 61.20.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TELUS was 93.03. The lowest was 18.95. And the median was 54.83.


TELUS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for TELUS'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.

TELUS Cyclically Adjusted FCF per Share Chart

TELUS 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 0.29 0.31 0.25 0.25 0.24

TELUS 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 0.23 0.23 0.21 0.24 0.25

Competitive Comparison of TELUS's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, TELUS'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.


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

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

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



TELUS 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, TELUS'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.

TELUS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.353 99.473 -0.448
201409 0.258 99.394 0.328
201412 0.142 98.367 0.182
201503 -0.118 99.789 -0.149
201506 -0.844 100.500 -1.060
201509 0.221 100.421 0.278
201512 0.084 99.947 0.106
201603 -0.047 101.054 -0.059
201606 0.077 102.002 0.095
201609 0.184 101.765 0.228
201612 -0.170 101.449 -0.212
201703 -0.051 102.634 -0.063
201706 0.210 103.029 0.257
201709 0.195 103.345 0.238
201712 0.134 103.345 0.164
201803 0.053 105.004 0.064
201806 0.258 105.557 0.309
201809 0.168 105.636 0.201
201812 0.167 105.399 0.200
201903 -0.002 106.979 -0.002
201906 -0.230 107.690 -0.270
201909 0.252 107.611 0.296
201912 0.005 107.769 0.006
202003 0.220 107.927 0.257
202006 0.305 108.401 0.355
202009 -0.006 108.164 -0.007
202012 0.368 108.559 0.428
202103 -0.029 110.298 -0.033
202106 0.128 111.720 0.145
202109 -0.167 112.905 -0.187
202112 -0.396 113.774 -0.439
202203 0.118 117.646 0.127
202206 0.063 120.806 0.066
202209 0.040 120.648 0.042
202212 0.359 120.964 0.375
202303 0.001 122.702 0.001
202306 0.012 124.203 0.012
202309 0.159 125.230 0.160
202312 0.429 125.072 0.433
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.


TELUS  (FRA:BCZ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.30/0.25
=61.20

* 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 TELUS was 93.03. The lowest was 18.95. And the median was 54.83.


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.


TELUS Cyclically Adjusted FCF per Share Related Terms

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


TELUS (FRA:BCZ) Business Description

Traded in Other Exchanges
Address
510 West Georgia Street, 23rd Floor, Vancouver, BC, CAN, V6B 0M3
Telus is one of the Big Three wireless service providers in Canada, with its nearly 10 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. Mostly because of recent acquisitions, more than 20% of Telus' sales now come from nontelecom businesses, most notably in the international business services, health, security, and agriculture industries. The firm has a 55% economic stake in Telus International.

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