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AC Immune (AC Immune) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


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What is AC Immune Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


AC Immune Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AC Immune's Cyclically Adjusted Price-to-FCF 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.

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AC Immune Cyclically Adjusted Price-to-FCF Chart

AC Immune Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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AC Immune Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of AC Immune's Cyclically Adjusted Price-to-FCF

For the Biotechnology subindustry, AC Immune'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.


AC Immune's Cyclically Adjusted Price-to-FCF Distribution in the Biotechnology Industry

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

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



AC Immune Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

AC Immune's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, AC Immune's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.836/106.4611*106.4611
=-0.836

Current CPI (Dec23) = 106.4611.

AC Immune Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.329 100.704 -0.348
201512 0.795 99.386 0.852
201612 -0.128 99.380 -0.137
201712 -0.424 100.213 -0.450
201812 -0.749 100.906 -0.790
201912 0.763 101.063 0.804
202012 -0.958 100.241 -1.017
202112 -0.990 101.776 -1.036
202212 -0.961 104.666 -0.977
202312 -0.836 106.461 -0.836

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


AC Immune  (NAS:ACIU) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


AC Immune Cyclically Adjusted Price-to-FCF Related Terms

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AC Immune (AC Immune) Business Description

Industry
Traded in Other Exchanges
Address
EPFL Innovation Park, Building B, Lausanne, CHE, 1015
AC Immune SA is a clinical-stage biopharmaceutical company that focuses on neurodegenerative diseases. The company uses its proprietary technology platforms to discover, design, and develop novel proprietary small molecules, antibodies, and vaccines for prevention, diagnosis, and treatment of neurodegenerative diseases associated with protein misfolding.