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CSL (HAM:CSJ) Cyclically Adjusted Price-to-FCF : 90.74 (As of Jun. 01, 2024)


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What is CSL Cyclically Adjusted Price-to-FCF?

As of today (2024-06-01), CSL's current share price is €173.32. CSL's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was €1.91. CSL's Cyclically Adjusted Price-to-FCF for today is 90.74.

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

HAM:CSJ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 50.75   Med: 90.27   Max: 172.51
Current: 88.73

During the past 13 years, CSL's highest Cyclically Adjusted Price-to-FCF was 172.51. The lowest was 50.75. And the median was 90.27.

HAM:CSJ's Cyclically Adjusted Price-to-FCF is ranked worse than
65.71% of 105 companies
in the Biotechnology industry
Industry Median: 50.31 vs HAM:CSJ: 88.73

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.

CSL's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was €1.732. 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 €1.91 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


CSL Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CSL'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.

CSL Cyclically Adjusted Price-to-FCF Chart

CSL Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 110.32 135.63 110.58 91.33 87.61

CSL Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 91.33 - 87.61 -

Competitive Comparison of CSL's Cyclically Adjusted Price-to-FCF

For the Biotechnology subindustry, CSL'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.


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

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

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



CSL 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.

CSL's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=173.32/1.91
=90.74

* 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.

CSL's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, CSL's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=1.732/124.1700*124.1700
=1.732

Current CPI (Jun23) = 124.1700.

CSL Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.453 98.352 1.834
201506 1.794 99.838 2.231
201606 1.178 100.859 1.450
201706 0.753 102.809 0.909
201806 1.715 104.945 2.029
201906 0.701 106.617 0.816
202006 2.184 106.246 2.552
202106 3.559 110.332 4.005
202206 2.781 117.112 2.949
202306 1.732 124.170 1.732

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.


CSL  (HAM:CSJ) 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.


CSL Cyclically Adjusted Price-to-FCF Related Terms

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


CSL (HAM:CSJ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » CSL Ltd (HAM:CSJ) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
655 Elizabeth Street, Melbourne, VIC, AUS, 3000
CSL is one of the largest global biotech companies and has two main segments. CSL Behring either uses plasma-derived proteins or recombinants to treat conditions including immunodeficiencies, bleeding disorders and neurological indications. Seqirus is now the world's second largest influenza vaccination business and was acquired in fiscal 2015. CSL has a strong R&D track record, and the product portfolio and pipeline include non-plasma products as the firm continues to broaden its scope. Originally formed in Australia as a government-owned entity, CSL now earns roughly half its revenue in North America and a quarter in Europe.

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