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Lineage Cell Therapeutics (XTAE:LCTX) Cyclically Adjusted FCF per Share : ₪-1.22 (As of Mar. 2024)


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What is Lineage Cell Therapeutics 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.

Lineage Cell Therapeutics's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₪-0.118. 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 ₪-1.22 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -5.40% 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 Lineage Cell Therapeutics was 16.40% per year. The lowest was -26.00% per year. And the median was 1.80% per year.

As of today (2024-05-20), Lineage Cell Therapeutics's current stock price is ₪3.921. Lineage Cell Therapeutics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₪-1.22. Lineage Cell Therapeutics's Cyclically Adjusted Price-to-FCF of today is .


Lineage Cell Therapeutics Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Lineage Cell Therapeutics'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.

Lineage Cell Therapeutics Cyclically Adjusted FCF per Share Chart

Lineage Cell Therapeutics 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 -1.37 -1.37 -1.36 -1.37 -1.29

Lineage Cell Therapeutics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -1.41 -1.40 -1.50 -1.29 -1.22

Competitive Comparison of Lineage Cell Therapeutics's Cyclically Adjusted FCF per Share

For the Biotechnology subindustry, Lineage Cell Therapeutics'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.


Lineage Cell Therapeutics's Cyclically Adjusted Price-to-FCF Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Lineage Cell Therapeutics's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Lineage Cell Therapeutics's Cyclically Adjusted Price-to-FCF falls into.



Lineage Cell Therapeutics 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, Lineage Cell Therapeutics'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)
=-0.118/131.7762*131.7762
=-0.118

Current CPI (Mar. 2024) = 131.7762.

Lineage Cell Therapeutics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.658 100.560 -0.862
201409 -0.473 100.428 -0.621
201412 -0.440 99.070 -0.585
201503 -0.445 99.621 -0.589
201506 -0.585 100.684 -0.766
201509 -0.610 100.392 -0.801
201512 -0.665 99.792 -0.878
201603 -0.619 100.470 -0.812
201606 -0.426 101.688 -0.552
201609 -0.335 101.861 -0.433
201612 -0.332 101.863 -0.429
201703 -0.286 102.862 -0.366
201706 -0.310 103.349 -0.395
201709 -0.261 104.136 -0.330
201712 -0.179 104.011 -0.227
201803 -0.330 105.290 -0.413
201806 -0.217 106.317 -0.269
201809 -0.249 106.507 -0.308
201812 -0.199 105.998 -0.247
201903 -0.264 107.251 -0.324
201906 -0.243 108.070 -0.296
201909 -0.185 108.329 -0.225
201912 -0.136 108.420 -0.165
202003 -0.124 108.902 -0.150
202006 -0.105 108.767 -0.127
202009 -0.120 109.815 -0.144
202012 -0.139 109.897 -0.167
202103 -0.173 111.754 -0.204
202106 -0.125 114.631 -0.144
202109 -0.108 115.734 -0.123
202112 -0.132 117.630 -0.148
202203 0.476 121.301 0.517
202206 -0.156 125.017 -0.164
202209 -0.125 125.227 -0.132
202212 -0.180 125.222 -0.189
202303 -0.248 127.348 -0.257
202306 -0.141 128.729 -0.144
202309 -0.109 129.860 -0.111
202312 -0.129 129.419 -0.131
202403 -0.118 131.776 -0.118

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


Lineage Cell Therapeutics  (XTAE:LCTX) 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.


Lineage Cell Therapeutics Cyclically Adjusted FCF per Share Related Terms

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Lineage Cell Therapeutics (XTAE:LCTX) Business Description

Traded in Other Exchanges
Address
2173 Salk Avenue, Suite 200, Carlsbad, CA, USA, 92008
Lineage Cell Therapeutics Inc is a clinical-stage biotechnology company focused on the development and commercialization of novel therapies for the treatment of degenerative diseases. The company's pipeline is based on two platform technologies including cell replacement and cell/drug delivery. Lineage Cell's product candidate is OpRegen, a retinal pigment epithelium transplant therapy for the treatment of dry age-related macular degeneration, OPC1, an oligodendrocyte progenitor cell therapy for acute spinal cord injuries, and VAC2, allogeneic cancer immunotherapy of antigen-presenting dendritic cells for non-small cell lung cancer, ANP1, an allogeneic auditory neuron progenitor cell transplant for hearing loss, and PNC1, an allogeneic photoreceptor cell transplant for vision loss.

Lineage Cell Therapeutics (XTAE:LCTX) Headlines

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