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Fresenius Medical Care AG. KGaA (LTS:0EH5) Cyclically Adjusted Price-to-FCF : (As of Jun. 23, 2024)


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What is Fresenius Medical Care AG. KGaA Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fresenius Medical Care AG. KGaA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fresenius Medical Care AG. KGaA'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.

Fresenius Medical Care AG. KGaA Cyclically Adjusted Price-to-FCF Chart

Fresenius Medical Care AG. KGaA 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 20.29 16.71 12.46 6.13 7.03

Fresenius Medical Care AG. KGaA 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 7.73 8.38 7.63 7.03 6.51

Competitive Comparison of Fresenius Medical Care AG. KGaA's Cyclically Adjusted Price-to-FCF

For the Medical Care Facilities subindustry, Fresenius Medical Care AG. KGaA'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.


Fresenius Medical Care AG. KGaA's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius Medical Care AG. KGaA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Fresenius Medical Care AG. KGaA's Cyclically Adjusted Price-to-FCF falls into.



Fresenius Medical Care AG. KGaA 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.

Fresenius Medical Care AG. KGaA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Fresenius Medical Care AG. KGaA'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)
=-0.021/125.0381*125.0381
=-0.021

Current CPI (Mar. 2024) = 125.0381.

Fresenius Medical Care AG. KGaA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.556 99.543 0.698
201409 1.286 99.823 1.611
201412 0.888 99.543 1.115
201503 0.746 99.717 0.935
201506 0.469 100.417 0.584
201509 0.992 100.417 1.235
201512 0.732 99.717 0.918
201603 -0.205 100.017 -0.256
201606 1.209 100.717 1.501
201609 0.566 101.017 0.701
201612 1.637 101.217 2.022
201703 -0.090 101.417 -0.111
201706 1.551 102.117 1.899
201709 1.227 102.717 1.494
201712 0.692 102.617 0.843
201803 -0.853 102.917 -1.036
201806 1.317 104.017 1.583
201809 1.560 104.718 1.863
201812 1.193 104.217 1.431
201903 -0.401 104.217 -0.481
201906 1.781 105.718 2.106
201909 1.851 106.018 2.183
201912 1.389 105.818 1.641
202003 0.968 105.718 1.145
202006 6.731 106.618 7.894
202009 1.602 105.818 1.893
202012 0.890 105.518 1.055
202103 0.075 107.518 0.087
202106 2.280 108.486 2.628
202109 1.593 109.435 1.820
202112 1.291 110.384 1.462
202203 -0.011 113.968 -0.012
202206 1.313 115.760 1.418
202209 1.593 118.818 1.676
202212 1.186 119.345 1.243
202303 0.002 122.402 0.002
202306 2.233 123.140 2.267
202309 1.996 124.195 2.010
202312 1.502 123.773 1.517
202403 -0.021 125.038 -0.021

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.


Fresenius Medical Care AG. KGaA  (LTS:0EH5) 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.


Fresenius Medical Care AG. KGaA Cyclically Adjusted Price-to-FCF Related Terms

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Fresenius Medical Care AG. KGaA (LTS:0EH5) Business Description

Address
Else-Kroener-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius Medical Care is the largest dialysis company in the world, treating about 345,000 patients from over 4,100 clinics across the globe as of December 2022. In addition to providing dialysis services, the firm is a leading supplier of dialysis products, including machines, dialyzers, and concentrates. Fresenius accounts for about 35% of the global dialysis products market and benefits from being the world's only fully integrated dialysis business. Services account for roughly 80% of firmwide revenue, including care coordination and ancillary operations, while products account for the other roughly 20%. Products typically enjoy a higher margin, making them a strong contributor to the bottom line.

Fresenius Medical Care AG. KGaA (LTS:0EH5) Headlines

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