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Vodafone Group (Vodafone Group) Cyclically Adjusted Price-to-FCF : 3.67 (As of Apr. 27, 2024)


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What is Vodafone Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Vodafone Group's current share price is $8.62. Vodafone Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was $2.35. Vodafone Group's Cyclically Adjusted Price-to-FCF for today is 3.67.

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

VOD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.31   Med: 11.88   Max: 18.37
Current: 3.7

During the past 13 years, Vodafone Group's highest Cyclically Adjusted Price-to-FCF was 18.37. The lowest was 3.31. And the median was 11.88.

VOD's Cyclically Adjusted Price-to-FCF is ranked better than
88.71% of 186 companies
in the Telecommunication Services industry
Industry Median: 13.505 vs VOD: 3.70

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.

Vodafone Group's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was $3.408. 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 $2.35 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vodafone Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Vodafone Group'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.

Vodafone Group Cyclically Adjusted Price-to-FCF Chart

Vodafone Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.89 9.19 9.74 8.29 4.78

Vodafone Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 8.29 - 4.78 -

Competitive Comparison of Vodafone Group's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Vodafone Group'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.


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

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

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



Vodafone Group 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.

Vodafone Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.62/2.35
=3.67

* 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.

Vodafone Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Vodafone Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=3.408/126.8000*126.8000
=3.408

Current CPI (Mar23) = 126.8000.

Vodafone Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.311 99.300 -0.397
201503 1.029 99.600 1.310
201603 0.189 100.400 0.239
201703 2.050 102.700 2.531
201803 2.407 105.100 2.904
201903 1.976 107.000 2.342
202003 3.671 108.600 4.286
202103 3.439 109.700 3.975
202203 3.413 116.500 3.715
202303 3.408 126.800 3.408

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.


Vodafone Group  (NAS:VOD) 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.


Vodafone Group Cyclically Adjusted Price-to-FCF Related Terms

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


Vodafone Group (Vodafone Group) Business Description

Address
Vodafone House, The Connection, Newbury, Berkshire, GBR, RG14 2FN
Vodafone operates mobile and fixed-line networks and businesses in more than 20 countries. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns a cable network after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the U.K. and Italy, it acts as a mobile operator, while in Spain it offers converged services after the acquisition of cable operator Ono in 2014. Vodafone also has operations in several Central European and African countries, which combined represent around one third of revenue.