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Partner Communications Co (XTAE:PTNR) Cyclically Adjusted FCF per Share : ₪2.75 (As of Mar. 2024)


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What is Partner Communications Co 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.

Partner Communications Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₪0.121. 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 ₪2.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Partner Communications Co's average Cyclically Adjusted FCF Growth Rate was -12.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -13.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -14.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -9.00% 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 Partner Communications Co was 26.40% per year. The lowest was -15.40% per year. And the median was -3.15% per year.

As of today (2024-06-06), Partner Communications Co's current stock price is ₪15.57. Partner Communications Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₪2.75. Partner Communications Co's Cyclically Adjusted Price-to-FCF of today is 5.66.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Partner Communications Co was 7.74. The lowest was 1.23. And the median was 3.12.


Partner Communications Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Partner Communications Co'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.

Partner Communications Co Cyclically Adjusted FCF per Share Chart

Partner Communications Co 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 5.35 4.40 3.93 3.24 2.81

Partner Communications Co 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 3.15 2.99 3.01 2.81 2.75

Competitive Comparison of Partner Communications Co's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Partner Communications Co'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.


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

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

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



Partner Communications Co 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, Partner Communications Co'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)
=0.121/131.7762*131.7762
=0.121

Current CPI (Mar. 2024) = 131.7762.

Partner Communications Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.215 100.560 1.592
201409 0.723 100.428 0.949
201412 0.454 99.070 0.604
201503 0.135 99.621 0.179
201506 0.154 100.684 0.202
201509 1.848 100.392 2.426
201512 1.467 99.792 1.937
201603 0.733 100.470 0.961
201606 1.015 101.688 1.315
201609 1.323 101.861 1.712
201612 1.677 101.863 2.169
201703 0.787 102.862 1.008
201706 1.300 103.349 1.658
201709 1.191 104.136 1.507
201712 0.371 104.011 0.470
201803 0.112 105.290 0.140
201806 0.325 106.317 0.403
201809 0.429 106.507 0.531
201812 -0.134 105.998 -0.167
201903 0.172 107.251 0.211
201906 0.447 108.070 0.545
201909 0.342 108.329 0.416
201912 0.311 108.420 0.378
202003 0.292 108.902 0.353
202006 0.404 108.767 0.489
202009 0.328 109.815 0.394
202012 0.141 109.897 0.169
202103 0.321 111.754 0.379
202106 0.218 114.631 0.251
202109 0.283 115.734 0.322
202112 -0.263 117.630 -0.295
202203 0.361 121.301 0.392
202206 0.492 125.017 0.519
202209 0.826 125.227 0.869
202212 -1.092 125.222 -1.149
202303 0.171 127.348 0.177
202306 0.548 128.729 0.561
202309 2.341 129.860 2.376
202312 0.393 129.419 0.400
202403 0.121 131.776 0.121

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


Partner Communications Co  (XTAE:PTNR) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.57/2.75
=5.66

* 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 Partner Communications Co was 7.74. The lowest was 1.23. And the median was 3.12.


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.


Partner Communications Co Cyclically Adjusted FCF per Share Related Terms

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


Partner Communications Co (XTAE:PTNR) Business Description

Traded in Other Exchanges
Address
8 Amal Street, Afek Industrial Park, Rosh Ha'ayin, ISR, 48103
Partner Communications Co Ltd is an Israeli-based telecommunications company. It provides a wide integrated and customized range of cellular and fixed-line telecommunication services, including infrastructure, international long-distance (ILD), internet services provider (ISP), television, and other services. The cellular business segment represents the portion of total revenues, and it offers services such as airtime calls, international roaming services, text messaging, internet browsing, value-added and content services, and services provided to other operators that use the company's cellular network.

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