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DexCom (WBO:DXCM) Cyclically Adjusted FCF per Share : €0.38 (As of Mar. 2024)


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What is DexCom Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

DexCom's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.336. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €0.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DexCom's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 54.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of DexCom was 188.40% per year. The lowest was 27.60% per year. And the median was 43.90% per year.

As of today (2024-04-28), DexCom's current stock price is €119.28. DexCom's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.38. DexCom's Cyclically Adjusted Price-to-FCF of today is 313.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DexCom was 7281.25. The lowest was 217.69. And the median was 738.20.


DexCom Cyclically Adjusted FCF per Share Historical Data

The historical data trend for DexCom's Cyclically Adjusted FCF per Share 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.

DexCom Cyclically Adjusted FCF per Share Chart

DexCom Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.12 0.22 0.34

DexCom Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 0.24 0.27 0.34 0.34 0.38

Competitive Comparison of DexCom's Cyclically Adjusted FCF per Share

For the Medical Devices subindustry, DexCom'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.


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

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

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



DexCom Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, DexCom'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)
=0.336/129.4194*129.4194
=0.336

Current CPI (Mar. 2024) = 129.4194.

DexCom Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.005 100.560 0.006
201409 0.020 100.428 0.026
201412 0.010 99.070 0.013
201503 -0.014 99.621 -0.018
201506 0.028 100.684 0.036
201509 0.029 100.392 0.037
201512 -0.001 99.792 -0.001
201603 -0.032 100.470 -0.041
201606 0.026 101.688 0.033
201609 0.018 101.861 0.023
201612 -0.012 101.863 -0.015
201703 -0.062 102.862 -0.078
201706 0.006 103.349 0.008
201709 0.055 104.136 0.068
201712 0.057 104.011 0.071
201803 -0.056 105.290 -0.069
201806 0.074 106.317 0.090
201809 0.078 106.507 0.095
201812 0.040 105.998 0.049
201903 -0.067 107.251 -0.081
201906 0.043 108.070 0.051
201909 0.110 108.329 0.131
201912 0.242 108.420 0.289
202003 -0.075 108.902 -0.089
202006 0.219 108.767 0.261
202009 0.214 109.815 0.252
202012 0.231 109.897 0.272
202103 -0.144 111.754 -0.167
202106 -0.077 114.631 -0.087
202109 0.275 115.734 0.308
202112 0.053 117.630 0.058
202203 -0.065 121.301 -0.069
202206 0.183 125.017 0.189
202209 0.439 125.227 0.454
202212 0.153 125.222 0.158
202303 0.180 127.348 0.183
202306 0.281 128.729 0.283
202309 0.480 129.860 0.478
202312 0.178 129.419 0.178
202403 0.336 129.419 0.336

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


DexCom  (WBO:DXCM) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

DexCom's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=119.28/0.38
=313.89

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of DexCom was 7281.25. The lowest was 217.69. And the median was 738.20.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


DexCom Cyclically Adjusted FCF per Share Related Terms

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


DexCom (WBO:DXCM) Business Description

Traded in Other Exchanges
Address
6340 Sequence Drive, San Diego, CA, USA, 92121
Dexcom designs and commercializes continuous glucose monitoring systems for diabetic patients. CGM systems serve as an alternative to the traditional blood glucose meter process, and the company is evolving its CGM systems to provide integration with insulin pumps from Insulet and Tandem for automatic insulin delivery.

DexCom (WBO:DXCM) Headlines

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