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Medpace Holdings (Medpace Holdings) Cyclically Adjusted Price-to-FCF : 61.77 (As of Apr. 27, 2024)


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What is Medpace Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Medpace Holdings's current share price is $395.93. Medpace Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $6.41. Medpace Holdings's Cyclically Adjusted Price-to-FCF for today is 61.77.

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

MEDP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 58.03   Med: 61.22   Max: 62.52
Current: 60.8

During the past years, Medpace Holdings's highest Cyclically Adjusted Price-to-FCF was 62.52. The lowest was 58.03. And the median was 61.22.

MEDP's Cyclically Adjusted Price-to-FCF is ranked worse than
77.78% of 63 companies
in the Medical Diagnostics & Research industry
Industry Median: 33.84 vs MEDP: 60.80

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.

Medpace Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $4.599. 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 $6.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Medpace Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Medpace Holdings'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.

Medpace Holdings Cyclically Adjusted Price-to-FCF Chart

Medpace Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Medpace Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - 63.05

Competitive Comparison of Medpace Holdings's Cyclically Adjusted Price-to-FCF

For the Diagnostics & Research subindustry, Medpace Holdings'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.


Medpace Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Medpace Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Medpace Holdings 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=395.93/6.41
=61.77

* 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.

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

For example, Medpace Holdings'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)
=4.599/129.4194*129.4194
=4.599

Current CPI (Mar. 2024) = 129.4194.

Medpace Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.000 98.326 0.000
201403 0.306 99.695 0.397
201412 0.000 99.070 0.000
201503 0.104 99.621 0.135
201506 0.492 100.684 0.632
201509 0.735 100.392 0.948
201512 0.673 99.792 0.873
201603 0.231 100.470 0.298
201606 0.142 101.688 0.181
201609 1.064 101.861 1.352
201612 0.554 101.863 0.704
201703 -0.122 102.862 -0.153
201706 0.692 103.349 0.867
201709 0.932 104.136 1.158
201712 0.669 104.011 0.832
201803 0.531 105.290 0.653
201806 0.968 106.317 1.178
201809 1.339 106.507 1.627
201812 0.966 105.998 1.179
201903 0.844 107.251 1.018
201906 1.154 108.070 1.382
201909 1.536 108.329 1.835
201912 1.355 108.420 1.617
202003 1.146 108.902 1.362
202006 0.936 108.767 1.114
202009 1.353 109.815 1.595
202012 2.593 109.897 3.054
202103 1.346 111.754 1.559
202106 1.505 114.631 1.699
202109 2.037 115.734 2.278
202112 1.274 117.630 1.402
202203 1.017 121.301 1.085
202206 2.535 125.017 2.624
202209 3.141 125.227 3.246
202212 3.935 125.222 4.067
202303 2.194 127.348 2.230
202306 2.346 128.729 2.359
202309 3.327 129.860 3.316
202312 4.597 129.419 4.597
202403 4.599 129.419 4.599

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.


Medpace Holdings  (NAS:MEDP) 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.


Medpace Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Medpace Holdings (Medpace Holdings) Business Description

Traded in Other Exchanges
Address
5375 Medpace Way, Cincinnati, OH, USA, 45227
Medpace is a late-stage contract research organization, or CRO, that provides full-service drug development and clinical trial services to small and midsized biotechnology, pharmaceutical, and medical device firms. Medpace also offers ancillary services such as bio-analytical laboratory services and imaging capabilities. The company was founded over 30 years ago, and it has over 5,400 employees across 40 countries. Medpace is headquartered in Cincinnati, Ohio, and its operations are principally based in the U.S., but it also operates in Europe, Asia, South America, Africa, and Australia. Cinven, a global private equity firm, acquired Medpace for $915 million in February 2014, and it exited Medpace in August 2018.
Executives
Susan E Burwig officer: Exec. VP, Operations C/O MEDPACE HOLDINGS, INC., 5375 MEDPACE WAY, CINCINNATI OH 45227
August J. Troendle director, 10 percent owner, officer: CEO 5375 MEDPACE WAY, CINCINNATI OH 45227
Medpace Investors, Llc 10 percent owner 4620 WESLEY AVENUE, CINCINNATI OH 45212
Robert O. Kraft director ONE CVS DRIVE, WOONSOCKET RI 02895
Kevin M. Brady officer: CFO & Treasurer MEDPACE HOLDINGS, INC., 5375 MEDPACE WAY, CINCINNATI OH 45227
Stephen P Ewald officer: General Counsel & Corp. Secy. C/O MEDPACE HOLDINGS,INC., 5375 MEDPACE WAY, CINTINNATI OH 45227
Femida H. Gwadry-sridhar director 5375 MEDPACE WAY, CINCINNATI OH 45227
Ashley M. Keating director 5375 MEDPACE WAY, CINCINNATI OH 45227
Davenport Fred B Jr director
Brian T Carley director C/O MEDPACE HOLDINGS, INC., 5375 MEDPACE WAY, CINCINNATI OH 45227
Mccarthy Cornelius P. Iii director 5375 MEDPACE WAY, CINCINNATI OH 45227
Jesse J Geiger officer: CFO & COO, Lab Operations C/O MEDPACE HOLDINGS, INC., 5375 MEDPACE WAY, CINCINNATI OH 45227
Tom C King director 5375 MEDPACE WAY, CINCINNATI OH 45227
Medpace Limited Partnership 10 percent owner EAST WING, TRAFALGAR COURT, LES BANQUES, ST. PETER PORT, CHANNEL ISLANDS Y7 GY1 3PP
Cinven Capital Management (v) General Partner Ltd 10 percent owner EAST WING, TRAFALGAR COURT, LES BANQUES, ST. PETER PORT Y7 GY1 3PP