GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sonova Holding AG (OTCPK:SONVY) » Definitions » Cyclically Adjusted Price-to-FCF

Sonova Holding AG (Sonova Holding AG) Cyclically Adjusted Price-to-FCF : 31.24 (As of May. 02, 2024)


View and export this data going back to 2008. Start your Free Trial

What is Sonova Holding AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-02), Sonova Holding AG's current share price is $57.164. Sonova Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was $1.83. Sonova Holding AG's Cyclically Adjusted Price-to-FCF for today is 31.24.

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

SONVY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 25.06   Med: 34.84   Max: 61.79
Current: 30.75

During the past 13 years, Sonova Holding AG's highest Cyclically Adjusted Price-to-FCF was 61.79. The lowest was 25.06. And the median was 34.84.

SONVY's Cyclically Adjusted Price-to-FCF is ranked better than
60.85% of 235 companies
in the Medical Devices & Instruments industry
Industry Median: 41.21 vs SONVY: 30.75

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.

Sonova Holding AG's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was $2.251. 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 $1.83 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sonova Holding AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sonova Holding 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.

Sonova Holding AG Cyclically Adjusted Price-to-FCF Chart

Sonova Holding AG 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 38.23 30.34 38.98 51.21 32.14

Sonova Holding AG 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 - 51.21 - 32.14 -

Competitive Comparison of Sonova Holding AG's Cyclically Adjusted Price-to-FCF

For the Medical Devices subindustry, Sonova Holding 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.


Sonova Holding AG's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sonova Holding AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Sonova Holding AG's Cyclically Adjusted Price-to-FCF falls into.



Sonova Holding 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.

Sonova Holding AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=57.164/1.83
=31.24

* 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.

Sonova Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Sonova Holding AG'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)
=2.251/106.2447*106.2447
=2.251

Current CPI (Mar23) = 106.2447.

Sonova Holding AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.062 101.224 1.115
201503 1.117 100.339 1.183
201603 1.059 99.475 1.131
201703 1.286 100.040 1.366
201803 1.366 100.836 1.439
201903 1.262 101.571 1.320
202003 2.317 101.048 2.436
202103 2.297 100.800 2.421
202203 2.864 103.205 2.948
202303 2.251 106.245 2.251

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.


Sonova Holding AG  (OTCPK:SONVY) 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.


Sonova Holding AG Cyclically Adjusted Price-to-FCF Related Terms

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


Sonova Holding AG (Sonova Holding AG) Business Description

Address
Laubisrutistrasse 28, Stafa, CHE, CH-8712
Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants through its advanced bionics subsidiary and recently acquired Sennheiser's consumer division to expand into audio technologies.

Sonova Holding AG (Sonova Holding AG) Headlines

From GuruFocus

Half Year 2023 Sonova Holding AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Full Year 2022 Sonova Holding AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Full Year 2021 Sonova Holding AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Full Year 2021 Sonova Holding AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Half Year 2022 Sonova Holding AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Half Year 2024 Sonova Holding AG Earnings Call Transcript

By GuruFocus Research 02-15-2024

Full Year 2023 Sonova Holding AG Earnings Call Transcript

By GuruFocus Research 02-15-2024