GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Fresenius Medical Care AG (OTCPK:FMCQF) » Definitions » Cyclically Adjusted Price-to-FCF

Fresenius Medical Care AG (Fresenius Medical Care AG) Cyclically Adjusted Price-to-FCF : 7.04 (As of Apr. 30, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Fresenius Medical Care AG Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Fresenius Medical Care AG's current share price is $41.90. Fresenius Medical Care AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $5.95. Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF for today is 7.04.

The historical rank and industry rank for Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FMCQF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.33   Med: 25.2   Max: 39.4
Current: 7.09

During the past years, Fresenius Medical Care AG's highest Cyclically Adjusted Price-to-FCF was 39.40. The lowest was 5.33. And the median was 25.20.

FMCQF's Cyclically Adjusted Price-to-FCF is ranked better than
78.92% of 166 companies
in the Healthcare Providers & Services industry
Industry Median: 24.24 vs FMCQF: 7.09

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.

Fresenius Medical Care AG's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.742. 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 $5.95 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fresenius Medical Care AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fresenius Medical Care AG'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.

Fresenius Medical Care AG Cyclically Adjusted Price-to-FCF Chart

Fresenius Medical Care AG 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 20.30 16.72 12.47 6.13 6.97

Fresenius Medical Care AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.13 7.73 8.30 7.55 6.97

Competitive Comparison of Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF

For the Medical Care Facilities subindustry, Fresenius Medical Care AG'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.


Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF falls into.



Fresenius Medical Care AG 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.

Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=41.90/5.95
=7.04

* 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.

Fresenius Medical Care AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Fresenius Medical Care AG's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.742/123.6675*123.6675
=1.742

Current CPI (Dec. 2023) = 123.6675.

Fresenius Medical Care AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.291 99.543 -0.362
201406 0.756 99.543 0.939
201409 1.661 99.823 2.058
201412 1.089 99.543 1.353
201503 0.810 99.717 1.005
201506 0.526 100.417 0.648
201509 1.140 100.417 1.404
201512 0.808 99.717 1.002
201603 -0.233 100.017 -0.288
201606 1.388 100.717 1.704
201609 0.648 101.017 0.793
201612 1.752 101.217 2.141
201703 -0.097 101.417 -0.118
201706 1.761 102.117 2.133
201709 1.490 102.717 1.794
201712 0.821 102.617 0.989
201803 -1.071 102.917 -1.287
201806 1.561 104.017 1.856
201809 1.854 104.718 2.190
201812 1.380 104.217 1.638
201903 -0.462 104.217 -0.548
201906 2.070 105.718 2.421
201909 2.111 106.018 2.462
201912 1.610 105.818 1.882
202003 1.120 105.718 1.310
202006 8.083 106.618 9.376
202009 2.010 105.818 2.349
202012 1.154 105.518 1.352
202103 0.095 107.518 0.109
202106 2.928 108.486 3.338
202109 1.995 109.435 2.254
202112 1.554 110.384 1.741
202203 -0.013 113.968 -0.014
202206 1.478 115.760 1.579
202209 1.678 118.818 1.746
202212 1.337 119.345 1.385
202303 0.003 122.402 0.003
202306 3.145 123.140 3.158
202309 2.266 124.195 2.256
202312 1.742 123.668 1.742

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.


Fresenius Medical Care AG  (OTCPK:FMCQF) 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.


Fresenius Medical Care AG Cyclically Adjusted Price-to-FCF Related Terms

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


Fresenius Medical Care AG (Fresenius Medical Care AG) Business Description

Address
Else-Kroener-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius Medical Care is the largest dialysis company in the world, treating about 345,000 patients from over 4,100 clinics across the globe as of December 2022. In addition to providing dialysis services, the firm is a leading supplier of dialysis products, including machines, dialyzers, and concentrates. Fresenius accounts for about 35% of the global dialysis products market and benefits from being the world's only fully integrated dialysis business. Services account for roughly 80% of firmwide revenue, including care coordination and ancillary operations, while products account for the other roughly 20%. Products typically enjoy a higher margin, making them a strong contributor to the bottom line.