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Telefonica Brasil (Telefonica Brasil) Cyclically Adjusted Price-to-FCF : 8.90 (As of May. 18, 2024)


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What is Telefonica Brasil Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), Telefonica Brasil's current share price is $9.08. Telefonica Brasil's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.02. Telefonica Brasil's Cyclically Adjusted Price-to-FCF for today is 8.90.

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

VIV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.51   Med: 9.37   Max: 12.78
Current: 9.02

During the past years, Telefonica Brasil's highest Cyclically Adjusted Price-to-FCF was 12.78. The lowest was 6.51. And the median was 9.37.

VIV's Cyclically Adjusted Price-to-FCF is ranked better than
68.09% of 188 companies
in the Telecommunication Services industry
Industry Median: 13.345 vs VIV: 9.02

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.

Telefonica Brasil's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.355. 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 $1.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telefonica Brasil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Telefonica Brasil'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.

Telefonica Brasil Cyclically Adjusted Price-to-FCF Chart

Telefonica Brasil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.54 10.83 10.40 8.24 10.95

Telefonica Brasil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.09 8.73 8.69 10.95 9.82

Competitive Comparison of Telefonica Brasil's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Telefonica Brasil'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.


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

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

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



Telefonica Brasil 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.08/1.02
=8.90

* 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.

Telefonica Brasil's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Telefonica Brasil'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)
=0.355/159.3724*159.3724
=0.355

Current CPI (Mar. 2024) = 159.3724.

Telefonica Brasil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.510 91.838 0.885
201409 0.614 92.602 1.057
201412 -0.111 94.194 -0.188
201503 -0.208 97.799 -0.339
201506 0.164 100.006 0.261
201509 0.108 101.392 0.170
201512 0.384 104.247 0.587
201603 0.029 106.979 0.043
201606 0.209 108.851 0.306
201609 0.219 109.986 0.317
201612 0.243 110.802 0.350
201703 -0.023 111.869 -0.033
201706 0.316 112.115 0.449
201709 0.347 112.777 0.490
201712 0.144 114.068 0.201
201803 0.153 114.868 0.212
201806 0.053 117.038 0.072
201809 0.039 117.881 0.053
201812 0.300 118.340 0.404
201903 0.217 120.124 0.288
201906 0.361 120.977 0.476
201909 0.355 121.292 0.466
201912 0.383 123.436 0.495
202003 0.295 124.092 0.379
202006 0.352 123.557 0.454
202009 0.413 125.095 0.526
202012 0.204 129.012 0.252
202103 0.275 131.660 0.333
202106 0.226 133.871 0.269
202109 0.327 137.913 0.378
202112 0.142 141.992 0.159
202203 0.317 146.537 0.345
202206 0.296 149.784 0.315
202209 0.246 147.800 0.265
202212 0.201 150.207 0.213
202303 0.398 153.352 0.414
202306 0.367 154.519 0.379
202309 0.293 155.464 0.300
202312 0.144 157.148 0.146
202403 0.355 159.372 0.355

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.


Telefonica Brasil  (NYSE:VIV) 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.


Telefonica Brasil Cyclically Adjusted Price-to-FCF Related Terms

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


Telefonica Brasil (Telefonica Brasil) Business Description

Traded in Other Exchanges
Address
Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936
Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 98 million customers, equal to about 40% market share. The firm is strongest in the postpaid business, where it has 60 million customers, about 42% share of this market. It is the incumbent fixed-line telephone operator in Sao Paulo state and, following the acquisition of GVT, the owner of an extensive fiber network across the country. The firm provides internet access to 6 million households on this network. Following its parent Telefonica's footsteps, Vivo is cross-selling fixed-line and wireless services as a converged offering. The firm also sells pay-tv services to its fixed-line customers.

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