Fresenius Medical Care AG (MEX:FME N) Cyclically Adjusted FCF per Share: MXN254.10 (As of Mar. 2026)


MEX:FME N Fresenius Medical Care AG MEX:FME N
48 GF Score
Price MXN778.14
GF Value MXN1,670.19
Valuation Possible Value Trap
! 4 Warning Signs
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What is Fresenius Medical Care AG Cyclically Adjusted FCF per Share?

Fresenius Medical Care AG MEX:FME N 48 Cyclically Adjusted FCF per Share is MXN254.10 as of Mar. 2026. GuruFocus rates MEX:FME N with a GF Score™ of 48/100 and a GF Value™ of MXN1,670.19 (Possible Value Trap). The stock has 4 warning signs investors should review.

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.

Fresenius Medical Care AG's adjusted free cash flow per share for the three months ended in Mar. 2026 was MXN2.789. 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 MXN254.10 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fresenius Medical Care AG's average Cyclically Adjusted FCF Growth Rate was 9.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.50% 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 Fresenius Medical Care AG was 16.10% per year. The lowest was 0.90% per year. And the median was 8.10% per year.

As of today (2026-07-13), Fresenius Medical Care AG's current stock price is MXN778.14. Fresenius Medical Care AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was MXN254.10. Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF of today is 3.06.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Fresenius Medical Care AG was 36.98. The lowest was 5.33. And the median was 15.10.


Fresenius Medical Care AG  (MEX:FME N) 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.

Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=778.14/254.10
=3.06

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Fresenius Medical Care AG was 36.98. The lowest was 5.33. And the median was 15.10.


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.


Fresenius Medical Care AG Cyclically Adjusted FCF per Share Related Terms


Fresenius Medical Care AG Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Fresenius Medical Care AG'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.

Fresenius Medical Care AG Cyclically Adjusted FCF per Share Chart

Fresenius Medical Care AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 127.81 259.71 224.23 205.36 235.37

Fresenius Medical Care AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 196.61 190.33 210.90 235.37 254.10

MEX:FME N vs HCA, THC, DVA: Cyclically Adjusted FCF per Share Comparison

For the Medical Care Facilities subindustry, Fresenius Medical Care 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.


Fresenius Medical Care AG Cyclically Adjusted Price-to-FCF vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fresenius Medical Care AG's Cyclically Adjusted Price-to-FCF falls into.


MEX:FME N
48GF Score
Fresenius Medical Care AG MEX:FME N
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fresenius Medical Care AG 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, Fresenius Medical Care AG's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.789/131.2583*131.2583
=2.789

Current CPI (Mar. 2026) = 131.2583.

Fresenius Medical Care AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 25.675 100.717 33.461
201609 12.532 101.017 16.284
201612 36.116 101.217 46.835
201703 -1.827 101.417 -2.365
201706 31.830 102.117 40.913
201709 27.032 102.717 34.543
201712 16.122 102.617 20.622
201803 -19.466 102.917 -24.827
201806 30.675 104.017 38.708
201809 34.680 104.718 43.470
201812 27.104 104.217 34.137
201903 -8.955 104.217 -11.279
201906 39.771 105.718 49.379
201909 41.670 106.018 51.591
201912 30.369 105.818 37.670
202003 26.260 105.718 32.604
202006 186.565 106.618 229.682
202009 44.411 105.818 55.088
202012 22.957 105.518 28.557
202103 1.939 107.518 2.367
202106 58.278 108.486 70.511
202109 41.026 109.435 49.207
202112 31.873 110.384 37.901
202203 -0.254 113.968 -0.293
202206 29.744 115.760 33.726
202209 33.753 118.818 37.287
202212 26.062 119.345 28.664
202303 0.046 122.402 0.049
202306 44.123 123.140 47.032
202309 30.982 124.195 32.744
202312 29.575 123.773 31.364
202403 -0.405 125.038 -0.425
202406 8.737 125.882 9.110
202409 61.027 126.198 63.474
202412 43.988 127.041 45.448
202503 1.286 127.779 1.321
202506 45.931 128.412 46.949
202509 40.492 129.255 41.120
202512 42.683 129.361 43.309
202603 2.789 131.258 2.789

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

What does a Cyclically Adjusted FCF per Share of MXN254.10 mean?
Fresenius Medical Care AG (MEX:FME N) has a Cyclically Adjusted FCF per Share of MXN254.10 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Fresenius Medical Care AG and its competitors.
Is Fresenius Medical Care AG's Cyclically Adjusted FCF per Share too high?
Fresenius Medical Care AG's current Cyclically Adjusted FCF per Share is MXN254.10. Overall, Fresenius Medical Care AG has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fresenius Medical Care AG's Cyclically Adjusted FCF per Share compare to HCA and THC?
Fresenius Medical Care AG's Cyclically Adjusted FCF per Share of MXN254.10 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Healthcare Providers & Services company?
A good Cyclically Adjusted FCF per Share depends on the Healthcare Providers & Services industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Fresenius Medical Care AG and its competitors. Fresenius Medical Care AG's current Cyclically Adjusted FCF per Share is MXN254.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fresenius Medical Care AG stock overvalued right now?
Based on GuruFocus' analysis, Fresenius Medical Care AG (MEX:FME N) is currently considered Possible Value Trap. The stock's GF Value™ is MXN1,670.19, compared to a current price of MXN778.14 — trading 53.4% below its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN254.10. Fresenius Medical Care AG's overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Fresenius Medical Care AG (MEX:FME N), the current Cyclically Adjusted FCF per Share is MXN254.10 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fresenius Medical Care AG (MEX:FME N) Overvalued in 2026?

Based on GuruFocus' analysis, Fresenius Medical Care AG stock appears to be undervalued. The current stock price of MXN778.14 is trading 53.4% below its estimated GF Value™ of MXN1,670.19. GuruFocus considers Fresenius Medical Care AG to be Possible Value Trap.

Key valuation signals for MEX:FME N:

  • Cyclically Adjusted FCF per Share: MXN254.10
  • GF Value™: MXN1,670.19 vs. price of MXN778.14 (53.4% below fair value)
  • GF Score™: 48/100 with 4 warning signs

No single metric tells the full story. See the MEX:FME N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fresenius Medical Care AG Business Description

Address Else-Kroner-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius Medical Care is the largest dialysis company in the world, treating nearly 300,000 patients from about 3,600 clinics worldwide as of December 2025. In addition to providing dialysis services, the firm is a leading supplier of dialysis products, including machines, dialyzers, and concentrates. Fresenius accounts for about 35% of the global dialysis products market, creating the world's only fully integrated dialysis business. Services account for about three-fourths of sales, while the balance is generated from medical technology products that enable dialysis treatments.
48GF Score

Get the complete analysis for MEX:FME N

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN778.14
Price
MXN1,670.19
GF Value