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Medigen Biotechnology (ROCO:3176) Cyclically Adjusted Price-to-FCF : (As of Jun. 05, 2024)


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What is Medigen Biotechnology Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Medigen Biotechnology Cyclically Adjusted Price-to-FCF Historical Data

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

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

For the Biotechnology subindustry, Medigen Biotechnology'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.


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

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

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



Medigen Biotechnology 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.

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

For example, Medigen Biotechnology'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)
=-0.205/131.7762*131.7762
=-0.205

Current CPI (Mar. 2024) = 131.7762.

Medigen Biotechnology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.662 100.560 -3.488
201409 1.190 100.428 1.561
201412 -5.299 99.070 -7.048
201503 -1.496 99.621 -1.979
201506 -1.779 100.684 -2.328
201509 3.791 100.392 4.976
201512 -2.098 99.792 -2.770
201603 -2.248 100.470 -2.948
201606 -2.478 101.688 -3.211
201609 -1.854 101.861 -2.398
201612 -1.400 101.863 -1.811
201703 -0.939 102.862 -1.203
201706 -0.696 103.349 -0.887
201709 -0.945 104.136 -1.196
201712 -1.067 104.011 -1.352
201803 -1.269 105.290 -1.588
201806 -1.020 106.317 -1.264
201809 -1.046 106.507 -1.294
201812 -1.180 105.998 -1.467
201903 -2.001 107.251 -2.459
201906 -0.796 108.070 -0.971
201909 -0.611 108.329 -0.743
201912 -1.427 108.420 -1.734
202003 -1.233 108.902 -1.492
202006 -1.556 108.767 -1.885
202009 -1.536 109.815 -1.843
202012 -1.611 109.897 -1.932
202103 -1.203 111.754 -1.419
202106 -0.700 114.631 -0.805
202109 -2.040 115.734 -2.323
202112 6.619 117.630 7.415
202203 -0.850 121.301 -0.923
202206 -4.825 125.017 -5.086
202209 -4.038 125.227 -4.249
202212 0.435 125.222 0.458
202303 -0.106 127.348 -0.110
202306 -3.033 128.729 -3.105
202309 -0.733 129.860 -0.744
202312 -0.053 129.419 -0.054
202403 -0.205 131.776 -0.205

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.


Medigen Biotechnology  (ROCO:3176) 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.


Medigen Biotechnology Cyclically Adjusted Price-to-FCF Related Terms

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Medigen Biotechnology (ROCO:3176) Business Description

Traded in Other Exchanges
N/A
Address
Yuancyu Street, 14F, Building No.3,, Nangang District, Taipei, TWN, 11560
Medigen Biotechnology Corp is a biopharmaceutical company primarily engaged in new drug development, drug discovery, molecular diagnostics, vaccine, and generic drugs. The new drug development business focuses mainly on the clinical stage of drug development and includes PI-88 MUPAFOSTAT for the treatment of liver cancer and OBP-301 treatment using adenovirus targeted to cancer cells only. Drug discovery includes the development of human-native mAbs for therapeutic applications related to infectious diseases. Generic drugs include pharmaceuticals for infectious diseases (antibiotics), contraceptives, nutrition milk powder, vitamin C tablets, dermatologic agents, and eye care products.

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