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BB Biotech AG (FRA:BBZA) Cyclically Adjusted Price-to-FCF : 17.27 (As of May. 21, 2024)


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What is BB Biotech AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), BB Biotech AG's current share price is €42.30. BB Biotech AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €2.45. BB Biotech AG's Cyclically Adjusted Price-to-FCF for today is 17.27.

The historical rank and industry rank for BB Biotech AG's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:BBZA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.06   Med: 18.67   Max: 22.52
Current: 18.64

During the past years, BB Biotech AG's highest Cyclically Adjusted Price-to-FCF was 22.52. The lowest was 17.06. And the median was 18.67.

FRA:BBZA's Cyclically Adjusted Price-to-FCF is ranked better than
86.67% of 105 companies
in the Biotechnology industry
Industry Median: 56.6 vs FRA:BBZA: 18.64

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.

BB Biotech AG's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €-0.018. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €2.45 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


BB Biotech AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BB Biotech AG'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.

* Premium members only.

BB Biotech AG Cyclically Adjusted Price-to-FCF Chart

BB Biotech AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 22.51 18.64

BB Biotech AG Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Dec17 Dec18 Dec19 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 22.51 18.12 18.51 18.18 18.64

Competitive Comparison of BB Biotech AG's Cyclically Adjusted Price-to-FCF

For the Biotechnology subindustry, BB Biotech 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.


BB Biotech AG's Cyclically Adjusted Price-to-FCF Distribution in the Biotechnology Industry

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

* The bar in red indicates where BB Biotech AG's Cyclically Adjusted Price-to-FCF falls into.



BB Biotech AG 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.

BB Biotech AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=42.30/2.45
=17.27

* 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.

BB Biotech AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, BB Biotech AG's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.018/106.4612*106.4612
=-0.018

Current CPI (Dec. 2023) = 106.4612.

BB Biotech AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201106 0.000 102.678 0.000
201109 0.796 101.811 0.832
201112 0.290 101.408 0.304
201203 1.285 101.826 1.343
201206 -0.106 101.596 -0.111
201209 1.965 101.392 2.063
201212 0.295 100.968 0.311
201303 0.813 101.221 0.855
201306 1.498 101.466 1.572
201309 -0.480 101.336 -0.504
201312 1.038 101.036 1.094
201403 -0.167 101.224 -0.176
201406 0.048 101.517 0.050
201409 0.335 101.247 0.352
201412 1.578 100.704 1.668
201503 2.965 100.339 3.146
201506 2.560 100.464 2.713
201509 -3.126 99.785 -3.335
201512 -1.398 99.386 -1.498
201603 -0.353 99.475 -0.378
201606 0.242 100.088 0.257
201609 2.031 99.604 2.171
201612 0.014 99.380 0.015
201703 0.883 100.040 0.940
201706 5.316 100.285 5.643
201712 0.000 100.213 0.000
201812 0.000 100.906 0.000
201912 0.000 101.063 0.000
202012 0.000 100.241 0.000
202103 -1.632 100.800 -1.724
202106 0.830 101.352 0.872
202112 0.000 101.776 0.000
202203 3.911 103.205 4.034
202206 0.661 104.783 0.672
202209 0.624 104.835 0.634
202212 -1.114 104.666 -1.133
202303 3.738 106.245 3.746
202306 0.159 106.576 0.159
202309 0.142 106.570 0.142
202312 -0.018 106.461 -0.018

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.


BB Biotech AG  (FRA:BBZA) 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.


BB Biotech AG Cyclically Adjusted Price-to-FCF Related Terms

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BB Biotech AG (FRA:BBZA) Business Description

Industry
Traded in Other Exchanges
Address
Schwertstrasse 6, Schaffhausen, CHE, CH-8200
BB Biotech AG is a part of the healthcare sector in Switzerland. Its primary activity includes making investments, especially in the biotechnology market and is one of the largest investors in the field of biotechnology. The focus of the investments is on those listed companies that focus on the development and marketing of novel drugs with a clear value for the healthcare system. BB Biotech follows a strategy of carefully screening and selecting biotechnology firms with a long-term time horizon and having established products in the marketplace. Geographically it earns key revenue from the Netherlands.

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