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Rogers Communications (STU:RCIB) Cyclically Adjusted FCF per Share : €2.21 (As of Mar. 2024)


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What is Rogers Communications 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.

Rogers Communications's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.139. 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 €2.21 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Rogers Communications's average Cyclically Adjusted FCF Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.20% 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 Rogers Communications was 120.80% per year. The lowest was 1.40% per year. And the median was 11.10% per year.

As of today (2024-05-28), Rogers Communications's current stock price is €37.80. Rogers Communications's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.21. Rogers Communications's Cyclically Adjusted Price-to-FCF of today is 17.10.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Rogers Communications was 30.56. The lowest was 15.74. And the median was 22.26.


Rogers Communications Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Rogers Communications'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.

Rogers Communications Cyclically Adjusted FCF per Share Chart

Rogers Communications 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 2.02 1.92 2.13 2.14 1.93

Rogers Communications 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 2.16 2.21 2.33 1.93 2.21

Competitive Comparison of Rogers Communications's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Rogers Communications'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.


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

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

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



Rogers Communications 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, Rogers Communications'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)
=0.139/126.2576*126.2576
=0.139

Current CPI (Mar. 2024) = 126.2576.

Rogers Communications Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.709 99.473 0.900
201409 0.417 99.394 0.530
201412 0.369 98.367 0.474
201503 -0.499 99.789 -0.631
201506 0.680 100.500 0.854
201509 1.125 100.421 1.414
201512 0.194 99.947 0.245
201603 0.047 101.054 0.059
201606 0.614 102.002 0.760
201609 0.811 101.765 1.006
201612 0.613 101.449 0.763
201703 0.130 102.634 0.160
201706 0.458 103.029 0.561
201709 0.945 103.345 1.155
201712 0.360 103.345 0.440
201803 0.333 105.004 0.400
201806 0.487 105.557 0.583
201809 0.749 105.636 0.895
201812 0.250 105.399 0.299
201903 0.480 106.979 0.566
201906 0.399 107.690 0.468
201909 0.846 107.611 0.993
201912 0.461 107.769 0.540
202003 0.450 107.927 0.526
202006 1.118 108.401 1.302
202009 0.582 108.164 0.679
202012 0.354 108.559 0.412
202103 0.242 110.298 0.277
202106 0.384 111.720 0.434
202109 0.745 112.905 0.833
202112 0.394 113.774 0.437
202203 0.215 117.646 0.231
202206 0.774 120.806 0.809
202209 0.489 120.648 0.512
202212 0.496 120.964 0.518
202303 -0.625 122.702 -0.643
202306 0.689 124.203 0.700
202309 0.821 125.230 0.828
202312 0.536 125.072 0.541
202403 0.139 126.258 0.139

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


Rogers Communications  (STU:RCIB) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=37.80/2.21
=17.10

* 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 Rogers Communications was 30.56. The lowest was 15.74. And the median was 22.26.


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.


Rogers Communications Cyclically Adjusted FCF per Share Related Terms

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


Rogers Communications (STU:RCIB) Business Description

Traded in Other Exchanges
Address
333 Bloor Street East, 10th Floor, Toronto, ON, CAN, M4W 1G9
Rogers Communications is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Its wireless business accounted for more than half of total revenue and has increasingly been providing a bigger portion of total company sales over the last several years. Rogers' cable segment, which provides about 40% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and the Toronto Blue Jays. Rogers' significant exposure to sports also includes ownership stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.

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