Recordati SpA (MEX:RECN) Cyclically Adjusted FCF per Share: MXN19.68 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:RECN Recordati SpA MEX:RECN
70 GF Score
Price MXN1,019.79
GF Value MXN1,202.90
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Recordati SpA Cyclically Adjusted FCF per Share?

Recordati SpA MEX:RECN 70 Cyclically Adjusted FCF per Share is MXN19.68 as of Jun. 2026. GuruFocus rates MEX:RECN with a GF Score™ of 70/100 and a GF Value™ of MXN1,202.90 (Modestly Undervalued). The stock has 3 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.

Recordati SpA's adjusted free cash flow per share for the three months ended in Jun. 2026 was MXN15.041. 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 MXN19.68 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Recordati SpA's average Cyclically Adjusted FCF Growth Rate was 16.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -2.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.40% 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 Recordati SpA was 25.60% per year. The lowest was -2.80% per year. And the median was 3.85% per year.

As of today (2026-08-09), Recordati SpA's current stock price is MXN1019.79. Recordati SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was MXN19.68. Recordati SpA's Cyclically Adjusted Price-to-FCF of today is 51.82.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Recordati SpA was 91.17. The lowest was 36.75. And the median was 55.90.


Recordati SpA  (MEX:RECN) 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.

Recordati SpA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1019.79/19.68
=51.82

* 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 Recordati SpA was 91.17. The lowest was 36.75. And the median was 55.90.


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.


Recordati SpA Cyclically Adjusted FCF per Share Related Terms


Recordati SpA Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Recordati SpA'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.

Recordati SpA Cyclically Adjusted FCF per Share Chart

Recordati SpA 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 0.00 0.00 0.00 0.00 22.29

Recordati SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 18.92 20.00 22.29 17.92 19.68

MEX:RECN vs LLY, JNJ, ABBV: Cyclically Adjusted FCF per Share Comparison

For the Drug Manufacturers - General subindustry, Recordati SpA'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.


Recordati SpA Cyclically Adjusted Price-to-FCF vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Recordati SpA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Recordati SpA's Cyclically Adjusted Price-to-FCF falls into.


MEX:RECN
70GF Score
Recordati SpA MEX:RECN
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Recordati SpA 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, Recordati SpA's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=15.041/126.4000*126.4000
=15.041

Current CPI (Jun. 2026) = 126.4000.

Recordati SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 7.514 100.100 9.488
201612 3.793 100.300 4.780
201703 7.687 101.000 9.620
201706 -18.537 101.100 -23.176
201709 3.561 101.200 4.448
201712 3.164 101.200 3.952
201803 7.491 101.800 9.301
201806 8.481 102.400 10.469
201809 9.789 102.600 12.060
201812 3.446 102.300 4.258
201903 4.810 102.800 5.914
201906 3.061 103.100 3.753
201909 10.610 102.900 13.033
201912 -30.274 102.800 -37.224
202003 8.624 102.900 10.594
202006 5.736 102.900 7.046
202009 9.261 102.300 11.443
202012 9.465 102.600 11.661
202103 6.704 103.700 8.172
202106 10.154 104.200 12.317
202109 16.745 104.900 20.177
202112 12.530 106.600 14.857
202203 10.247 110.400 11.732
202206 6.725 112.500 7.556
202209 10.879 114.200 12.041
202212 8.617 119.000 9.153
202303 8.339 118.800 8.872
202306 12.839 119.700 13.558
202309 -16.809 120.300 -17.661
202312 4.965 119.700 5.243
202403 12.254 120.200 12.886
202406 9.882 120.700 10.349
202409 17.823 121.200 18.588
202412 -73.041 121.200 -76.175
202503 16.528 122.500 17.054
202506 7.557 122.700 7.785
202509 14.156 123.100 14.535
202512 14.640 122.600 15.094
202603 8.505 124.560 8.631
202606 15.041 126.400 15.041

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 MXN19.68 mean?
Recordati SpA (MEX:RECN) has a Cyclically Adjusted FCF per Share of MXN19.68 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Recordati SpA and its competitors.
Is Recordati SpA's Cyclically Adjusted FCF per Share too high?
Recordati SpA's current Cyclically Adjusted FCF per Share is MXN19.68. Overall, Recordati SpA has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Recordati SpA's Cyclically Adjusted FCF per Share compare to LLY and JNJ?
Recordati SpA's Cyclically Adjusted FCF per Share of MXN19.68 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Cyclically Adjusted FCF per Share depends on the Drug Manufacturers 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 Recordati SpA and its competitors. Recordati SpA's current Cyclically Adjusted FCF per Share is MXN19.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Recordati SpA stock overvalued right now?
Based on GuruFocus' analysis, Recordati SpA (MEX:RECN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN1,202.90, compared to a current price of MXN1,019.79 — trading 15.2% below its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN19.68. Recordati SpA's overall GF Score™ is 70/100 with 3 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 Recordati SpA (MEX:RECN), the current Cyclically Adjusted FCF per Share is MXN19.68 as of Jun. 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 Recordati SpA (MEX:RECN) Overvalued in 2026?

Based on GuruFocus' analysis, Recordati SpA stock appears to be undervalued. The current stock price of MXN1,019.79 is trading 15.2% below its estimated GF Value™ of MXN1,202.90. GuruFocus considers Recordati SpA to be Modestly Undervalued.

Key valuation signals for MEX:RECN:

  • Cyclically Adjusted FCF per Share: MXN19.68
  • GF Value™: MXN1,202.90 vs. price of MXN1,019.79 (15.2% below fair value)
  • GF Score™: 70/100 with 3 warning signs

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


Recordati SpA Business Description

Address Via Matteo Civitali 1, MIlan, ITA, 20148
Recordati SpA is engaged in the development, production, and marketing of pharmaceutical products or of pharmaceutical chemicals. The Company operates in a broad and diverse context, which includes general medicine, specialist medicine, self-medication, and rare diseases. In addition, it is also active in the field of urology, with treatments for benign prostatic hyperplasia and male functional disorders, and in psychiatry. The Company's only operating segment is the Specialty & Primary Care segment. Its geographic areas are Europe, Australasia, America, and Africa.
70GF Score

Get the complete analysis for MEX:RECN

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

MXN1,019.79
Price
MXN1,202.90
GF Value