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BVNKF (Bavarian Nordic AS) Cyclically Adjusted FCF per Share : $-1.66 (As of Sep. 2024)


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What is Bavarian Nordic AS Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Bavarian Nordic AS's adjusted free cash flow per share for the three months ended in Sep. 2024 was $-0.894. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $-1.66 for the trailing ten years ended in Sep. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -11.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -7.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Bavarian Nordic AS was -4.40% per year. The lowest was -11.10% per year. And the median was -5.25% per year.

As of today (2025-03-05), Bavarian Nordic AS's current stock price is $22.50. Bavarian Nordic AS's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $-1.66. Bavarian Nordic AS's Cyclically Adjusted Price-to-FCF of today is .


Bavarian Nordic AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Bavarian Nordic AS's Cyclically Adjusted FCF per Share 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.

Bavarian Nordic AS Cyclically Adjusted FCF per Share Chart

Bavarian Nordic AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.60 -1.43 -1.53 -1.74 -1.81

Bavarian Nordic AS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted FCF per Share 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 -1.69 -1.81 -1.79 -1.48 -1.66

Competitive Comparison of Bavarian Nordic AS's Cyclically Adjusted FCF per Share

For the Biotechnology subindustry, Bavarian Nordic AS'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.


Bavarian Nordic AS's Cyclically Adjusted Price-to-FCF Distribution in the Biotechnology Industry

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

* The bar in red indicates where Bavarian Nordic AS's Cyclically Adjusted Price-to-FCF falls into.



Bavarian Nordic AS Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Bavarian Nordic AS's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.894/118.9000*118.9000
=-0.894

Current CPI (Sep. 2024) = 118.9000.

Bavarian Nordic AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 2.283 99.400 2.731
201503 2.387 100.200 2.832
201506 -1.300 100.300 -1.541
201509 -0.194 100.200 -0.230
201512 -0.686 99.800 -0.817
201603 -0.365 100.200 -0.433
201606 -0.435 100.600 -0.514
201609 -0.959 100.200 -1.138
201612 2.164 100.300 2.565
201703 0.598 101.200 0.703
201706 1.122 101.200 1.318
201709 -0.348 101.800 -0.406
201712 -0.878 101.300 -1.031
201803 -0.965 101.700 -1.128
201806 -0.609 102.300 -0.708
201809 -0.113 102.400 -0.131
201812 -0.286 102.100 -0.333
201903 -0.676 102.900 -0.781
201906 -1.322 102.900 -1.528
201909 -0.673 102.900 -0.778
201912 -8.659 102.900 -10.005
202003 1.364 103.300 1.570
202006 0.529 103.200 0.609
202009 0.637 103.500 0.732
202012 -2.522 103.400 -2.900
202103 -0.579 104.300 -0.660
202106 -0.971 105.000 -1.100
202109 -0.126 105.800 -0.142
202112 -1.819 106.600 -2.029
202203 -0.591 109.900 -0.639
202206 -0.490 113.600 -0.513
202209 -0.116 116.400 -0.118
202212 -1.171 115.900 -1.201
202303 -0.892 117.300 -0.904
202306 0.240 116.400 0.245
202309 0.246 117.400 0.249
202312 0.646 116.700 0.658
202403 0.819 118.400 0.822
202406 -0.037 118.500 -0.037
202409 -0.894 118.900 -0.894

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Bavarian Nordic AS  (OTCPK:BVNKF) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Bavarian Nordic AS Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Bavarian Nordic AS's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Bavarian Nordic AS Business Description

Industry
Address
Philip Heymans Alle 3, Hellerup, DNK, DK-2900
Bavarian Nordic A/S is a biotechnology company focused on the research, development, manufacturing, and commercialization of life-saving vaccines. The vast majority of the company's revenue is generated in the United States, Germany, and other geographic markets. Its products include Encepur, Jynneos, Rabipur, Vaxchora and Vivotif.

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