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HBM Healthcare Investments (FRA:5H5A) Cyclically Adjusted Price-to-FCF : (As of May. 29, 2024)


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What is HBM Healthcare Investments Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


HBM Healthcare Investments Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for HBM Healthcare Investments'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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HBM Healthcare Investments Cyclically Adjusted Price-to-FCF Chart

HBM Healthcare Investments Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
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HBM Healthcare Investments 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 HBM Healthcare Investments's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, HBM Healthcare Investments'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.


HBM Healthcare Investments's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, HBM Healthcare Investments's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where HBM Healthcare Investments's Cyclically Adjusted Price-to-FCF falls into.



HBM Healthcare Investments 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.

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

For example, HBM Healthcare Investments'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)
=-0.068/107.3549*107.3549
=-0.068

Current CPI (Mar. 2024) = 107.3549.

HBM Healthcare Investments Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.270 101.036 -0.287
201403 -0.393 101.224 -0.417
201406 -0.410 101.517 -0.434
201409 -0.421 101.247 -0.446
201412 -0.409 100.704 -0.436
201503 -0.444 100.339 -0.475
201506 -6.852 100.464 -7.322
201509 -0.555 99.785 -0.597
201512 -0.422 99.386 -0.456
201603 6.929 99.475 7.478
201606 -0.088 100.088 -0.094
201609 -0.987 99.604 -1.064
201612 -0.556 99.380 -0.601
201703 1.346 100.040 1.444
201706 -0.275 100.285 -0.294
201803 0.000 100.836 0.000
201806 -0.198 101.435 -0.210
201809 -0.096 101.246 -0.102
201812 -0.029 100.906 -0.031
201903 -0.036 101.571 -0.038
201906 -0.353 102.044 -0.371
201909 -0.098 101.396 -0.104
201912 -0.040 101.063 -0.042
202003 -0.050 101.048 -0.053
202006 -0.263 100.743 -0.280
202009 -0.093 100.585 -0.099
202012 -0.037 100.241 -0.040
202103 -0.038 100.800 -0.040
202106 -1.019 101.352 -1.079
202109 -0.237 101.533 -0.251
202112 -0.016 101.776 -0.017
202203 -0.076 103.205 -0.079
202206 -0.058 104.783 -0.059
202209 -0.061 104.835 -0.062
202212 -0.036 104.666 -0.037
202303 -0.031 106.245 -0.031
202306 -0.084 106.576 -0.085
202309 -0.060 106.570 -0.060
202312 -0.044 106.461 -0.044
202403 -0.068 107.355 -0.068

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.


HBM Healthcare Investments  (FRA:5H5A) 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.


HBM Healthcare Investments Cyclically Adjusted Price-to-FCF Related Terms

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HBM Healthcare Investments (FRA:5H5A) Business Description

Address
Bundesplatz 1, Zug, CHE, 6300
HBM Healthcare Investments Ltd is a Switzerland-based holding company. The firm invests in the healthcare sector. It holds and manages an international portfolio of promising companies in the human medicine, biotechnology, medical technology and diagnostics sectors, and related areas.

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