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Demant AS (OCSE:DEMANT) Cyclically Adjusted Price-to-FCF : 29.89 (As of Jun. 07, 2025)


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What is Demant AS Cyclically Adjusted Price-to-FCF?

As of today (2025-06-07), Demant AS's current share price is kr272.00. Demant AS's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec24 was kr9.10. Demant AS's Cyclically Adjusted Price-to-FCF for today is 29.89.

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

OCSE:DEMANT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.82   Med: 46.73   Max: 89.07
Current: 28.25

During the past 13 years, Demant AS's highest Cyclically Adjusted Price-to-FCF was 89.07. The lowest was 23.82. And the median was 46.73.

OCSE:DEMANT's Cyclically Adjusted Price-to-FCF is ranked better than
58.23% of 249 companies
in the Medical Devices & Instruments industry
Industry Median: 36.39 vs OCSE:DEMANT: 28.25

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.

Demant AS's adjusted free cash flow per share data of for the fiscal year that ended in Dec24 was kr15.197. 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 kr9.10 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Demant AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Demant AS'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.

Demant AS Cyclically Adjusted Price-to-FCF Chart

Demant AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.06 58.69 29.29 37.57 29.04

Demant AS Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 29.29 - 37.57 - 29.04

Competitive Comparison of Demant AS's Cyclically Adjusted Price-to-FCF

For the Medical Devices subindustry, Demant AS'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.


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

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

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


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Demant AS 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=272.00/9.10
=29.89

* 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.

Demant AS's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Demant AS's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=15.197/118.9000*118.9000
=15.197

Current CPI (Dec24) = 118.9000.

Demant AS Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201512 4.261 99.800 5.076
201612 4.580 100.300 5.429
201712 5.589 101.300 6.560
201812 4.275 102.100 4.978
201912 5.679 102.900 6.562
202012 8.091 103.400 9.304
202112 12.209 106.600 13.618
202212 7.513 115.900 7.707
202312 16.237 116.700 16.543
202412 15.197 118.900 15.197

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.


Demant AS  (OCSE:DEMANT) 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.


Demant AS Cyclically Adjusted Price-to-FCF Related Terms

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


Demant AS Business Description

Address
Kongebakken 9, Smorum, DNK, 2765
Demant AS is a Denmark-based company engaged in the healthcare industry. The company develops, manufactures and sells products and equipment designed to aid the hearing and communication of individuals. The Group focuses on four business areas: Hearing Devices, including such brands as Bernafon, Oticon, Frontrow, Phonic Ear and Sonic; Hearing Implants, including Oticon Medical; Diagnostic Instruments. The Company operates through more than 90 subsidiaries and associates all around the world. More than 80% of the company's sales come from North America and Europe.

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