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Novavax (LTS:0UP6) Cyclically Adjusted Price-to-FCF : (As of May. 29, 2024)


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What is Novavax 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


Novavax Cyclically Adjusted Price-to-FCF Historical Data

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

Novavax Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Novavax 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 Novavax's Cyclically Adjusted Price-to-FCF

For the Biotechnology subindustry, Novavax'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.


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

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

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



Novavax 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.

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

For example, Novavax'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)
=-3.557/131.7762*131.7762
=-3.557

Current CPI (Mar. 2024) = 131.7762.

Novavax Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.096 100.560 -1.436
201409 -1.587 100.428 -2.082
201412 -1.857 99.070 -2.470
201503 -2.931 99.621 -3.877
201506 -1.246 100.684 -1.631
201509 -2.444 100.392 -3.208
201512 -4.400 99.792 -5.810
201603 -5.578 100.470 -7.316
201606 -4.990 101.688 -6.466
201609 -4.893 101.861 -6.330
201612 -4.996 101.863 -6.463
201703 -3.325 102.862 -4.260
201706 -0.962 103.349 -1.227
201709 -3.063 104.136 -3.876
201712 -2.784 104.011 -3.527
201803 -3.931 105.290 -4.920
201806 -2.143 106.317 -2.656
201809 -1.774 106.507 -2.195
201812 -2.389 105.998 -2.970
201903 -2.515 107.251 -3.090
201906 -1.299 108.070 -1.584
201909 -1.341 108.329 -1.631
201912 -0.939 108.420 -1.141
202003 -0.910 108.902 -1.101
202006 4.382 108.767 5.309
202009 -0.596 109.815 -0.715
202012 -6.682 109.897 -8.012
202103 25.434 111.754 29.991
202106 5.063 114.631 5.820
202109 -6.045 115.734 -6.883
202112 -14.054 117.630 -15.744
202203 -4.126 121.301 -4.482
202206 -7.657 125.017 -8.071
202209 -2.673 125.227 -2.813
202212 -5.479 125.222 -5.766
202303 -13.677 127.348 -14.153
202306 -7.040 128.729 -7.207
202309 -2.274 129.860 -2.308
202312 -7.280 129.419 -7.413
202403 -3.557 131.776 -3.557

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.


Novavax  (LTS:0UP6) 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.


Novavax Cyclically Adjusted Price-to-FCF Related Terms

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


Novavax (LTS:0UP6) Business Description

Industry
Traded in Other Exchanges
Address
21 Firstfield Road, Gaithersburg, MD, USA, 20878
Novavax Inc is a biotechnology company that develops vaccines. The company works in the clinical stage of development with a focus on delivering novel products that prevent a broad range of diseases. Novavax works together with its wholly owned Swedish subsidiary to produce vaccine candidates to respond to both known and emerging disease threats. The company believes its vaccine technology has the potential to be applied broadly to a wide variety of human infectious diseases. Novavax develops product candidates geared toward all age demographics of the general population.

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