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DaVita (BSP:DVAI34) Cyclically Adjusted Price-to-FCF : 14.63 (As of Apr. 27, 2024)


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What is DaVita Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), DaVita's current share price is R$689.00. DaVita's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$47.09. DaVita's Cyclically Adjusted Price-to-FCF for today is 14.63.

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

BSP:DVAI34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.15   Med: 17.27   Max: 30.23
Current: 14.48

During the past years, DaVita's highest Cyclically Adjusted Price-to-FCF was 30.23. The lowest was 8.15. And the median was 17.27.

BSP:DVAI34's Cyclically Adjusted Price-to-FCF is ranked better than
65.24% of 164 companies
in the Healthcare Providers & Services industry
Industry Median: 24.535 vs BSP:DVAI34: 14.48

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.

DaVita's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$17.229. 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 R$47.09 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


DaVita Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for DaVita'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.

DaVita Cyclically Adjusted Price-to-FCF Chart

DaVita Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.94 20.12 16.38 9.28 11.36

DaVita Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 9.28 9.69 11.54 10.53 11.36

Competitive Comparison of DaVita's Cyclically Adjusted Price-to-FCF

For the Medical Care Facilities subindustry, DaVita'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.


DaVita's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, DaVita's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



DaVita 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=689.00/47.09
=14.63

* 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.

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

For example, DaVita'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)
=17.229/129.4194*129.4194
=17.229

Current CPI (Dec. 2023) = 129.4194.

DaVita Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 3.147 99.695 4.085
201406 1.139 100.560 1.466
201409 7.350 100.428 9.472
201412 -3.263 99.070 -4.263
201503 4.250 99.621 5.521
201506 -1.974 100.684 -2.537
201509 9.144 100.392 11.788
201512 3.482 99.792 4.516
201603 4.550 100.470 5.861
201606 5.450 101.688 6.936
201609 5.013 101.861 6.369
201612 4.042 101.863 5.135
201703 10.420 102.862 13.110
201706 -0.586 103.349 -0.734
201709 5.109 104.136 6.349
201712 1.419 104.011 1.766
201803 2.346 105.290 2.884
201806 6.942 106.317 8.450
201809 5.551 106.507 6.745
201812 2.518 105.998 3.074
201903 -1.326 107.251 -1.600
201906 10.050 108.070 12.035
201909 12.728 108.329 15.206
201912 14.522 108.420 17.335
202003 7.911 108.902 9.401
202006 21.512 108.767 25.597
202009 14.137 109.815 16.661
202012 11.567 109.897 13.622
202103 0.465 111.754 0.539
202106 23.928 114.631 27.015
202109 19.680 115.734 22.007
202112 18.365 117.630 20.206
202203 9.858 121.301 10.518
202206 2.363 125.017 2.446
202209 31.857 125.227 32.924
202212 8.546 125.222 8.832
202303 17.732 127.348 18.020
202306 16.918 128.729 17.009
202309 27.537 129.860 27.444
202312 17.229 129.419 17.229

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.


DaVita  (BSP:DVAI34) 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.


DaVita Cyclically Adjusted Price-to-FCF Related Terms

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


DaVita (BSP:DVAI34) Business Description

Traded in Other Exchanges
Address
2000 16th Street, Denver, CO, USA, 80202
DaVita is the largest provider of dialysis services in the United States, boasting market share that eclipses 35% when measured by both patients and clinics. The firm operates over 3,000 facilities worldwide, mostly in the U.S., and treats over 240,000 patients globally each year. Government payers dominate U.S. dialysis reimbursement. DaVita receives about two thirds of U.S. sales at government (primarily Medicare) reimbursement rates, with the remainder coming from commercial insurers. However, while commercial insurers represented only about 10% of the U.S. patients treated, they represent nearly all of the profits generated by DaVita in the U.S. dialysis business.

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