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Dentsply Sirona (HAM:DY2) Cyclically Adjusted Price-to-FCF : 10.66 (As of Jun. 02, 2024)


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What is Dentsply Sirona Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), Dentsply Sirona's current share price is €25.36. Dentsply Sirona's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.38. Dentsply Sirona's Cyclically Adjusted Price-to-FCF for today is 10.66.

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

HAM:DY2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.95   Med: 22.51   Max: 28.5
Current: 10.88

During the past years, Dentsply Sirona's highest Cyclically Adjusted Price-to-FCF was 28.50. The lowest was 9.95. And the median was 22.51.

HAM:DY2's Cyclically Adjusted Price-to-FCF is ranked better than
89.79% of 235 companies
in the Medical Devices & Instruments industry
Industry Median: 43.63 vs HAM:DY2: 10.88

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.

Dentsply Sirona's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.040. 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 €2.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dentsply Sirona Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dentsply Sirona'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.

Dentsply Sirona Cyclically Adjusted Price-to-FCF Chart

Dentsply Sirona 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 23.46 21.54 21.76 11.99 13.87

Dentsply Sirona Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 14.76 15.05 12.95 13.87 12.90

Competitive Comparison of Dentsply Sirona's Cyclically Adjusted Price-to-FCF

For the Medical Instruments & Supplies subindustry, Dentsply Sirona'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.


Dentsply Sirona's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Dentsply Sirona's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Dentsply Sirona 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=25.36/2.38
=10.66

* 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.

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

For example, Dentsply Sirona'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)
=-0.04/131.7762*131.7762
=-0.040

Current CPI (Mar. 2024) = 131.7762.

Dentsply Sirona Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.675 100.560 0.885
201409 0.663 100.428 0.870
201412 0.909 99.070 1.209
201503 0.318 99.621 0.421
201506 0.805 100.684 1.054
201509 0.886 100.392 1.163
201512 0.684 99.792 0.903
201603 -0.101 100.470 -0.132
201606 0.601 101.688 0.779
201609 0.455 101.861 0.589
201612 0.714 101.863 0.924
201703 0.186 102.862 0.238
201706 0.355 103.349 0.453
201709 0.467 104.136 0.591
201712 0.677 104.011 0.858
201803 0.056 105.290 0.070
201806 0.264 106.317 0.327
201809 0.291 106.507 0.360
201812 0.595 105.998 0.740
201903 -0.018 107.251 -0.022
201906 0.453 108.070 0.552
201909 0.548 108.329 0.667
201912 1.092 108.420 1.327
202003 -0.147 108.902 -0.178
202006 0.654 108.767 0.792
202009 0.775 109.815 0.930
202012 0.891 109.897 1.068
202103 0.073 111.754 0.086
202106 0.669 114.631 0.769
202109 0.528 115.734 0.601
202112 0.732 117.630 0.820
202203 0.204 121.301 0.222
202206 0.580 125.017 0.611
202209 0.362 125.227 0.381
202212 0.483 125.222 0.508
202303 -0.261 127.348 -0.270
202306 0.308 128.729 0.315
202309 0.429 129.860 0.435
202312 0.524 129.419 0.534
202403 -0.040 131.776 -0.040

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.


Dentsply Sirona  (HAM:DY2) 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.


Dentsply Sirona Cyclically Adjusted Price-to-FCF Related Terms

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Dentsply Sirona (HAM:DY2) Business Description

Traded in Other Exchanges
Address
13320 Ballantyne Corporate Place, Charlotte, NC, USA, 28277-3607
Dentsply Sirona is one of the world's largest manufacturers of dental equipment and supplies. It is a result of a merger of equals in 2016 between Dentsply International (manufactured dental consumables and lab products) and Sirona Dental Systems (manufactured technologically-advanced dental equipment). The firm's wide portfolio consists of dental consumables, lab products, CAD/CAM and imaging technology, medical devices, and specialty products in orthodontics, endodontics, and implantation. It distributes two-thirds of its dental consumables, technology and equipment through third-party distributors and the remaining portfolio is either sold to labs and offices through the firm's salesforce or directly to consumers (such as Byte clear aligner).

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