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Zenicor Medical Systems AB (XSAT:ZENI) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is Zenicor Medical Systems AB Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zenicor Medical Systems AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zenicor Medical Systems AB'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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Zenicor Medical Systems AB Cyclically Adjusted Price-to-FCF Chart

Zenicor Medical Systems AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Zenicor Medical Systems AB 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 Zenicor Medical Systems AB's Cyclically Adjusted Price-to-FCF

For the Medical Devices subindustry, Zenicor Medical Systems AB'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.


Zenicor Medical Systems AB's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Zenicor Medical Systems AB's Cyclically Adjusted Price-to-FCF falls into.



Zenicor Medical Systems AB 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.

Zenicor Medical Systems AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Zenicor Medical Systems AB'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)
=-0.525/132.2054*132.2054
=-0.525

Current CPI (Mar. 2024) = 132.2054.

Zenicor Medical Systems AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.103 100.432 -0.136
201409 -0.134 100.161 -0.177
201412 0.042 100.225 0.055
201503 -0.199 99.950 -0.263
201506 -0.293 99.995 -0.387
201509 -0.387 100.228 -0.510
201512 -0.289 100.276 -0.381
201603 -0.155 100.751 -0.203
201606 -0.437 101.019 -0.572
201609 -0.167 101.138 -0.218
201612 -0.616 102.022 -0.798
201703 0.059 102.022 0.076
201706 -0.113 102.752 -0.145
201709 0.404 103.279 0.517
201712 -0.465 103.793 -0.592
201803 -0.512 103.962 -0.651
201806 -0.434 104.875 -0.547
201809 -0.093 105.679 -0.116
201812 -0.780 105.912 -0.974
201903 -0.536 105.886 -0.669
201906 -0.263 106.742 -0.326
201909 -0.123 107.214 -0.152
201912 -0.081 107.766 -0.099
202003 -0.601 106.563 -0.746
202006 0.013 107.498 0.016
202009 0.110 107.635 0.135
202012 0.098 108.296 0.120
202103 0.039 108.360 0.048
202106 -0.283 108.928 -0.343
202109 -0.031 110.338 -0.037
202112 -0.325 112.486 -0.382
202203 -0.074 114.825 -0.085
202206 -0.630 118.384 -0.704
202209 -0.308 122.296 -0.333
202212 -0.015 126.365 -0.016
202303 -0.491 127.042 -0.511
202306 -0.592 129.407 -0.605
202309 -0.412 130.224 -0.418
202312 -0.338 131.912 -0.339
202403 -0.525 132.205 -0.525

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.


Zenicor Medical Systems AB  (XSAT:ZENI) 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.


Zenicor Medical Systems AB Cyclically Adjusted Price-to-FCF Related Terms

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Zenicor Medical Systems AB (XSAT:ZENI) Business Description

Traded in Other Exchanges
N/A
Address
Saltmatargatan 8, Stockholm, SWE, 113 59
Zenicor Medical Systems AB is a medical technology company. It is engaged in remote diagnosis of cardiac care and stroke prevention.

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