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PhotoCure ASA (OSL:PHO) Cyclically Adjusted FCF per Share : kr0.09 (As of Mar. 2025)


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What is PhotoCure ASA 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.

PhotoCure ASA's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr0.062. 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 kr0.09 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 75.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 52.80% 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 PhotoCure ASA was 75.10% per year. The lowest was 10.10% per year. And the median was 40.70% per year.

As of today (2025-06-21), PhotoCure ASA's current stock price is kr50.50. PhotoCure ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr0.09. PhotoCure ASA's Cyclically Adjusted Price-to-FCF of today is 561.11.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PhotoCure ASA was 627.78. The lowest was 44.91. And the median was 151.36.


PhotoCure ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for PhotoCure ASA'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.

PhotoCure ASA Cyclically Adjusted FCF per Share Chart

PhotoCure ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.49 -1.29 -1.04 -0.31 -0.02

PhotoCure ASA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -0.17 -0.05 -0.09 -0.02 0.09

Competitive Comparison of PhotoCure ASA's Cyclically Adjusted FCF per Share

For the Drug Manufacturers - Specialty & Generic subindustry, PhotoCure ASA'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.


PhotoCure ASA's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

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

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


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PhotoCure ASA 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, PhotoCure ASA's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.062/136.1000*136.1000
=0.062

Current CPI (Mar. 2025) = 136.1000.

PhotoCure ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.209 100.100 -0.284
201509 -0.384 100.600 -0.520
201512 -0.267 100.900 -0.360
201603 -0.644 102.500 -0.855
201606 -0.773 103.800 -1.014
201609 -0.562 104.200 -0.734
201612 1.876 104.400 2.446
201703 -0.683 105.000 -0.885
201706 -0.890 105.800 -1.145
201709 -0.672 105.900 -0.864
201712 0.276 106.100 0.354
201803 -0.876 107.300 -1.111
201806 -0.589 108.500 -0.739
201809 -0.247 109.500 -0.307
201812 0.485 109.800 0.601
201903 -0.736 110.400 -0.907
201906 -0.196 110.600 -0.241
201909 0.445 111.100 0.545
201912 1.379 111.300 1.686
202003 0.094 111.200 0.115
202006 0.473 112.100 0.574
202009 -6.572 112.900 -7.922
202012 6.649 112.900 8.015
202103 -0.113 114.600 -0.134
202106 0.540 115.300 0.637
202109 0.096 117.500 0.111
202112 0.241 118.900 0.276
202203 -0.832 119.800 -0.945
202206 -0.089 122.600 -0.099
202209 0.772 125.600 0.837
202212 -0.061 125.900 -0.066
202303 -0.403 127.600 -0.430
202306 1.032 130.400 1.077
202309 0.105 129.800 0.110
202312 0.571 131.900 0.589
202403 0.207 132.600 0.212
202406 0.609 133.800 0.619
202409 1.206 133.700 1.228
202412 0.401 134.800 0.405
202503 0.062 136.100 0.062

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


PhotoCure ASA  (OSL:PHO) 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.

PhotoCure ASA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=50.50/0.09
=561.11

* 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 PhotoCure ASA was 627.78. The lowest was 44.91. And the median was 151.36.


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.


PhotoCure ASA Cyclically Adjusted FCF per Share Related Terms

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


PhotoCure ASA Business Description

Industry
Address
Hoffsveien 4, Oslo, NOR, 0275
PhotoCure ASA is a Norway-based business group associated with the research, development, production, distribution, marketing, and sales of pharmaceutical products and specialty pharmaceutical companies. The technology platform of the company is focused on the field of photodynamic diagnosis and treatment of cancer. The company has two operating segments of the group the Commercial franchise and the Development portfolio. It generates prime revenue from the Commercial franchise segment, which includes Hexvix and Cysview products. Its geographical segments are Nordic countries, Germany, France, Austria, the United Kingdom, BeNeLux, Italy, Other European countries, Canada, and the United States.

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