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AEterna Zentaris (STU:ET80) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is AEterna Zentaris Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


AEterna Zentaris Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AEterna Zentaris'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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AEterna Zentaris Cyclically Adjusted Price-to-FCF Chart

AEterna Zentaris Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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AEterna Zentaris Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of AEterna Zentaris's Cyclically Adjusted Price-to-FCF

For the Biotechnology subindustry, AEterna Zentaris'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.


AEterna Zentaris's Cyclically Adjusted Price-to-FCF Distribution in the Biotechnology Industry

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

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



AEterna Zentaris 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.

AEterna Zentaris's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, AEterna Zentaris'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)
=-13.043/126.2576*126.2576
=-13.043

Current CPI (Mar. 2024) = 126.2576.

AEterna Zentaris Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -786.167 99.473 -997.851
201409 -849.333 99.394 -1,078.882
201412 -1,002.571 98.367 -1,286.835
201503 -1,344.429 99.789 -1,701.028
201506 -657.909 100.500 -826.524
201509 -277.000 100.421 -348.266
201512 -77.838 99.947 -98.328
201603 -80.303 101.054 -100.332
201606 -57.273 102.002 -70.893
201609 -50.900 101.765 -63.151
201612 -66.526 101.449 -82.795
201703 -49.318 102.634 -60.670
201706 -37.206 103.029 -45.594
201709 -29.386 103.345 -35.901
201712 -23.182 103.345 -28.322
201803 82.164 105.004 98.795
201806 -24.933 105.557 -29.823
201809 -12.726 105.636 -15.210
201812 -12.940 105.399 -15.501
201903 -16.220 106.979 -19.143
201906 -11.098 107.690 -13.011
201909 -13.941 107.611 -16.357
201912 -13.295 107.769 -15.576
202003 -10.100 107.927 -11.815
202006 -9.106 108.401 -10.606
202009 -2.708 108.164 -3.161
202012 3.301 108.559 3.839
202103 -1.367 110.298 -1.565
202106 -2.491 111.720 -2.815
202109 -1.046 112.905 -1.170
202112 -1.956 113.774 -2.171
202203 -1.097 117.646 -1.177
202206 -3.812 120.806 -3.984
202209 -3.289 120.648 -3.442
202212 -2.623 120.964 -2.738
202303 -12.525 122.702 -12.888
202306 -3.266 124.203 -3.320
202309 -2.619 125.230 -2.640
202312 -4.068 125.072 -4.107
202403 -13.043 126.258 -13.043

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.


AEterna Zentaris  (STU:ET80) 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.


AEterna Zentaris Cyclically Adjusted Price-to-FCF Related Terms

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AEterna Zentaris (STU:ET80) Business Description

Industry
Traded in Other Exchanges
Address
222 Bay Street, Suite 3000, PO Box 53, c/o Norton Rose Fulbright Canada, LLP, Toronto, ON, CAN, M5K 1E7
AEterna Zentaris Inc is a biopharmaceutical company commercializing & developing therapeutics & diagnostic tests. The company's product, Macrilen (macimorelin), is the oral test indicated for the diagnosis of adult growth hormone deficiency (GHD). Macrilen is marketed in the U.S. through a license agreement with Novo Nordisk & the company receives royalties on sales. Aeterna owns all rights to macimorelin outside of the U.S. & Canada. It is leveraging the clinical success & safety profile of macimorelin to develop it for the diagnosis of child-onset GHD. The company's geographical segments include Switzerland, Ireland, Denmark, and others, of which nearly all of its revenue comes from Switzerland.

AEterna Zentaris (STU:ET80) Headlines

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