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Dentsply Sirona (BSP:XRAY34) Cyclically Adjusted Price-to-FCF : 13.62 (As of Apr. 27, 2024)


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What is Dentsply Sirona Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Dentsply Sirona's current share price is R$167.00. Dentsply Sirona's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$12.26. Dentsply Sirona's Cyclically Adjusted Price-to-FCF for today is 13.62.

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

BSP:XRAY34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.95   Med: 22.51   Max: 28.5
Current: 11.91

During the past years, Dentsply Sirona's highest Cyclically Adjusted Price-to-FCF was 28.50. The lowest was 9.95. And the median was 22.51.

BSP:XRAY34's Cyclically Adjusted Price-to-FCF is ranked better than
88.65% of 229 companies
in the Medical Devices & Instruments industry
Industry Median: 42.33 vs BSP:XRAY34: 11.91

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.

Dentsply Sirona's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$2.801. 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$12.26 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dentsply Sirona Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dentsply Sirona'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.

Dentsply Sirona Cyclically Adjusted Price-to-FCF Chart

Dentsply Sirona 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 23.46 21.54 21.76 11.99 13.87

Dentsply Sirona 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 11.99 14.76 15.05 12.95 13.87

Competitive Comparison of Dentsply Sirona's Cyclically Adjusted Price-to-FCF

For the Medical Instruments & Supplies subindustry, Dentsply Sirona'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.


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

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

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



Dentsply Sirona 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=167.00/12.26
=13.62

* 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.

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

For example, Dentsply Sirona'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)
=2.801/129.4194*129.4194
=2.801

Current CPI (Dec. 2023) = 129.4194.

Dentsply Sirona Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.611 99.695 0.793
201406 2.050 100.560 2.638
201409 1.998 100.428 2.575
201412 2.960 99.070 3.867
201503 1.082 99.621 1.406
201506 2.810 100.684 3.612
201509 3.881 100.392 5.003
201512 2.889 99.792 3.747
201603 -0.417 100.470 -0.537
201606 2.313 101.688 2.944
201609 1.660 101.861 2.109
201612 2.526 101.863 3.209
201703 0.623 102.862 0.784
201706 1.313 103.349 1.644
201709 1.743 104.136 2.166
201712 2.638 104.011 3.282
201803 0.228 105.290 0.280
201806 1.164 106.317 1.417
201809 1.396 106.507 1.696
201812 2.627 105.998 3.207
201903 -0.079 107.251 -0.095
201906 1.973 108.070 2.363
201909 2.486 108.329 2.970
201912 4.981 108.420 5.946
202003 -0.796 108.902 -0.946
202006 3.820 108.767 4.545
202009 4.927 109.815 5.807
202012 5.578 109.897 6.569
202103 0.487 111.754 0.564
202106 4.056 114.631 4.579
202109 3.280 115.734 3.668
202112 4.680 117.630 5.149
202203 1.120 121.301 1.195
202206 3.095 125.017 3.204
202209 1.879 125.227 1.942
202212 2.681 125.222 2.771
202303 -1.457 127.348 -1.481
202306 1.617 128.729 1.626
202309 2.262 129.860 2.254
202312 2.801 129.419 2.801

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.


Dentsply Sirona  (BSP:XRAY34) 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.


Dentsply Sirona Cyclically Adjusted Price-to-FCF Related Terms

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


Dentsply Sirona (BSP:XRAY34) Business Description

Traded in Other Exchanges
Address
13320 Ballantyne Corporate Place, Charlotte, NC, USA, 28277-3607
Dentsply Sirona is one of the world's largest manufacturers of dental equipment and supplies. It is a result of a merger of equals in 2016 between Dentsply International (manufactured dental consumables and lab products) and Sirona Dental Systems (manufactured technologically-advanced dental equipment). The firm's wide portfolio consists of dental consumables, lab products, CAD/CAM and imaging technology, medical devices, and specialty products in orthodontics, endodontics, and implantation. It distributes two-thirds of its dental consumables, technology and equipment through third-party distributors and the remaining portfolio is either sold to labs and offices through the firm's salesforce or directly to consumers (such as Byte clear aligner).

Dentsply Sirona (BSP:XRAY34) Headlines

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