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Ocular Therapeutix (FRA:0OT) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Ocular Therapeutix Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ocular Therapeutix Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ocular Therapeutix'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.

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Ocular Therapeutix Cyclically Adjusted Price-to-FCF Chart

Ocular Therapeutix Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ocular Therapeutix Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Ocular Therapeutix's Cyclically Adjusted Price-to-FCF

For the Biotechnology subindustry, Ocular Therapeutix'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.


Ocular Therapeutix's Cyclically Adjusted Price-to-FCF Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Ocular Therapeutix's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ocular Therapeutix 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.

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

For example, Ocular Therapeutix'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)
=-0.238/131.7762*131.7762
=-0.238

Current CPI (Mar. 2024) = 131.7762.

Ocular Therapeutix Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.151 100.560 -1.508
201409 -0.338 100.428 -0.444
201412 -0.231 99.070 -0.307
201503 -0.313 99.621 -0.414
201506 -0.378 100.684 -0.495
201509 -0.352 100.392 -0.462
201512 -0.338 99.792 -0.446
201603 -0.340 100.470 -0.446
201606 -0.361 101.688 -0.468
201609 -0.294 101.861 -0.380
201612 -0.316 101.863 -0.409
201703 -0.549 102.862 -0.703
201706 -0.464 103.349 -0.592
201709 -0.474 104.136 -0.600
201712 -0.314 104.011 -0.398
201803 -0.300 105.290 -0.375
201806 -0.292 106.317 -0.362
201809 -0.249 106.507 -0.308
201812 -0.302 105.998 -0.375
201903 -0.403 107.251 -0.495
201906 -0.406 108.070 -0.495
201909 -0.344 108.329 -0.418
201912 -0.369 108.420 -0.448
202003 -0.333 108.902 -0.403
202006 -0.231 108.767 -0.280
202009 -0.171 109.815 -0.205
202012 -0.076 109.897 -0.091
202103 -0.169 111.754 -0.199
202106 -0.204 114.631 -0.235
202109 -0.132 115.734 -0.150
202112 -0.170 117.630 -0.190
202203 -0.208 121.301 -0.226
202206 -0.130 125.017 -0.137
202209 -0.183 125.227 -0.193
202212 -0.218 125.222 -0.229
202303 -0.282 127.348 -0.292
202306 -0.261 128.729 -0.267
202309 -0.088 129.860 -0.089
202312 -0.233 129.419 -0.237
202403 -0.238 131.776 -0.238

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.


Ocular Therapeutix  (FRA:0OT) 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.


Ocular Therapeutix Cyclically Adjusted Price-to-FCF Related Terms

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Ocular Therapeutix (FRA:0OT) Business Description

Industry
Traded in Other Exchanges
Address
24 Crosby Drive, Bedford, MA, USA, 01730
Ocular Therapeutix Inc is a biotechnology company that specializes in therapies for diseases and conditions of the eye. The company uses its proprietary hydrogel platform technology to deliver therapeutic agents to the eye. Its pipeline consists of eye medication that aims to overcome the limitations of current eye-drop-based therapies for ophthalmic diseases and conditions. Ocular Therapeutix aims to offer medication to replace the existing eye-drop therapy regimen, with the aim of lasting weeks or months with a one-time product application. Its pipeline product includes Dextenza, OTX-TIC, OTX-TKI, and OTX-IVT.

Ocular Therapeutix (FRA:0OT) Headlines

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