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Fisher & Paykel Healthcare (NZSE:FPH) Cyclically Adjusted Price-to-FCF : 98.17 (As of Apr. 30, 2024)


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What is Fisher & Paykel Healthcare Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Fisher & Paykel Healthcare's current share price is NZ$28.47. Fisher & Paykel Healthcare's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was NZ$0.29. Fisher & Paykel Healthcare's Cyclically Adjusted Price-to-FCF for today is 98.17.

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

NZSE:FPH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29   Med: 93.5   Max: 235.5
Current: 95.39

During the past 13 years, Fisher & Paykel Healthcare's highest Cyclically Adjusted Price-to-FCF was 235.50. The lowest was 29.00. And the median was 93.50.

NZSE:FPH's Cyclically Adjusted Price-to-FCF is ranked worse than
79.57% of 230 companies
in the Medical Devices & Instruments industry
Industry Median: 42.185 vs NZSE:FPH: 95.39

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.

Fisher & Paykel Healthcare's adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was NZ$0.046. 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 NZ$0.29 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fisher & Paykel Healthcare Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fisher & Paykel Healthcare'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.

Fisher & Paykel Healthcare Cyclically Adjusted Price-to-FCF Chart

Fisher & Paykel Healthcare Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 104.19 188.79 137.61 90.10 92.78

Fisher & Paykel Healthcare Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 90.10 - 92.78 -

Competitive Comparison of Fisher & Paykel Healthcare's Cyclically Adjusted Price-to-FCF

For the Medical Instruments & Supplies subindustry, Fisher & Paykel Healthcare'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.


Fisher & Paykel Healthcare's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Fisher & Paykel Healthcare's Cyclically Adjusted Price-to-FCF falls into.



Fisher & Paykel Healthcare 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.

Fisher & Paykel Healthcare's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28.47/0.29
=98.17

* 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.

Fisher & Paykel Healthcare's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Fisher & Paykel Healthcare's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=0.046/124.5168*124.5168
=0.046

Current CPI (Mar23) = 124.5168.

Fisher & Paykel Healthcare Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.129 99.396 0.162
201503 0.164 99.646 0.205
201603 0.138 100.063 0.172
201703 0.228 102.231 0.278
201803 0.259 103.355 0.312
201903 0.208 104.889 0.247
202003 0.260 107.547 0.301
202103 0.760 109.182 0.867
202203 0.266 116.747 0.284
202303 0.046 124.517 0.046

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.


Fisher & Paykel Healthcare  (NZSE:FPH) 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.


Fisher & Paykel Healthcare Cyclically Adjusted Price-to-FCF Related Terms

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


Fisher & Paykel Healthcare (NZSE:FPH) Business Description

Traded in Other Exchanges
Address
15 Maurice Paykel Place, East Tamaki, Auckland, NTL, NZL, 2013
Fisher & Paykel Healthcare is one of the three largest respiratory care device companies globally. It is the market leader in hospital use humidifiers, masks and related consumables and the number three player in the at-home treatment of sleep apnoea using respiratory devices. Both the hospital and homecare markets for respiratory devices are growing strongly in the developed markets in which Fisher & Paykel has a presence. The company earns 42% of its revenue in the U.S., 32% in Europe, 18% in Asia-Pacific and the remaining 8% in emerging markets. Fisher conducts its own R&D and has thousands of patents and pending applications. It manufactures in New Zealand and Mexico and has a multichannel distribution model.