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Active Biotech AB (OSTO:ACTI) Cyclically Adjusted Price-to-FCF : (As of May. 03, 2024)


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What is Active Biotech AB Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Active Biotech AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Active Biotech AB'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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Active Biotech AB Cyclically Adjusted Price-to-FCF Chart

Active Biotech AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Active Biotech AB Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Active Biotech AB's Cyclically Adjusted Price-to-FCF

For the Biotechnology subindustry, Active Biotech AB'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.


Active Biotech AB's Cyclically Adjusted Price-to-FCF Distribution in the Biotechnology Industry

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

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



Active Biotech AB 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.

Active Biotech AB's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Active Biotech AB's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.037/130.9575*130.9575
=-0.037

Current CPI (Dec. 2023) = 130.9575.

Active Biotech AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.605 99.788 -0.794
201406 -0.519 100.432 -0.677
201409 -0.486 100.161 -0.635
201412 -0.372 100.225 -0.486
201503 -0.372 99.950 -0.487
201506 -0.544 99.995 -0.712
201509 -0.348 100.228 -0.455
201512 -0.184 100.276 -0.240
201603 -0.169 100.751 -0.220
201606 -0.118 101.019 -0.153
201609 -0.107 101.138 -0.139
201612 -0.091 102.022 -0.117
201703 -0.112 102.022 -0.144
201706 -0.090 102.752 -0.115
201709 -0.069 103.279 -0.087
201712 -0.059 103.793 -0.074
201803 -0.087 103.962 -0.110
201806 -0.077 104.875 -0.096
201809 -0.045 105.679 -0.056
201812 -0.050 105.912 -0.062
201903 -0.043 105.886 -0.053
201906 -0.069 106.742 -0.085
201909 -0.032 107.214 -0.039
201912 -0.055 107.766 -0.067
202003 -0.065 106.563 -0.080
202006 -0.054 107.498 -0.066
202009 -0.040 107.635 -0.049
202012 -0.025 108.296 -0.030
202103 -0.039 108.360 -0.047
202106 -0.058 108.928 -0.070
202109 -0.043 110.338 -0.051
202112 -0.078 112.486 -0.091
202203 -0.068 114.825 -0.078
202206 -0.069 118.384 -0.076
202209 -0.053 122.296 -0.057
202212 -0.049 126.365 -0.051
202303 -0.042 127.042 -0.043
202306 -0.053 129.407 -0.054
202309 -0.036 130.224 -0.036
202312 -0.037 130.958 -0.037

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.


Active Biotech AB  (OSTO:ACTI) 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.


Active Biotech AB Cyclically Adjusted Price-to-FCF Related Terms

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Active Biotech AB (OSTO:ACTI) Business Description

Industry
Traded in Other Exchanges
Address
Scheelevagen 22, Lund, SWE, 223 63
Active Biotech AB focuses on the research and development of pharmaceuticals products within medical areas including neurodegenerative diseases, autoimmune/inflammatory disease and various forms of cancer. Its project portfolio contains both small molecules that are orally active immunomodulatory agents and antibody based immunotherapy.

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