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Community Health Systems (FRA:CG5) Cyclically Adjusted FCF per Share : €2.10 (As of Mar. 2024)


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What is Community Health Systems 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.

Community Health Systems's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.021. 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 €2.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Community Health Systems's average Cyclically Adjusted FCF Growth Rate was -20.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -20.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -9.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -2.30% 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 Community Health Systems was 44.50% per year. The lowest was -20.40% per year. And the median was 4.05% per year.

As of today (2024-06-05), Community Health Systems's current stock price is €3.44. Community Health Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.10. Community Health Systems's Cyclically Adjusted Price-to-FCF of today is 1.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Community Health Systems was 20.32. The lowest was 0.31. And the median was 1.74.


Community Health Systems Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Community Health Systems'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.

Community Health Systems Cyclically Adjusted FCF per Share Chart

Community Health Systems 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 2.93 3.45 3.10 2.69 2.02

Community Health Systems 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 2.68 2.57 2.54 2.02 2.10

Competitive Comparison of Community Health Systems's Cyclically Adjusted FCF per Share

For the Medical Care Facilities subindustry, Community Health Systems'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.


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

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

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



Community Health Systems 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, Community Health Systems'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)
=0.021/131.7762*131.7762
=0.021

Current CPI (Mar. 2024) = 131.7762.

Community Health Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.745 100.560 2.287
201409 -0.502 100.428 -0.659
201412 4.820 99.070 6.411
201503 -2.425 99.621 -3.208
201506 2.548 100.684 3.335
201509 -0.850 100.392 -1.116
201512 0.396 99.792 0.523
201603 0.570 100.470 0.748
201606 1.244 101.688 1.612
201609 0.193 101.861 0.250
201612 1.231 101.863 1.593
201703 0.807 102.862 1.034
201706 1.058 103.349 1.349
201709 -0.300 104.136 -0.380
201712 0.151 104.011 0.191
201803 -0.462 105.290 -0.578
201806 -1.039 106.317 -1.288
201809 1.731 106.507 2.142
201812 -2.180 105.998 -2.710
201903 0.094 107.251 0.115
201906 0.319 108.070 0.389
201909 -1.467 108.329 -1.785
201912 0.616 108.420 0.749
202003 -0.332 108.902 -0.402
202006 12.044 108.767 14.592
202009 1.960 109.815 2.352
202012 -0.319 109.897 -0.383
202103 -0.027 111.754 -0.032
202106 0.457 114.631 0.525
202109 -0.013 115.734 -0.015
202112 -4.441 117.630 -4.975
202203 0.028 121.301 0.030
202206 -0.300 125.017 -0.316
202209 0.344 125.227 0.362
202212 -0.858 125.222 -0.903
202303 -0.843 127.348 -0.872
202306 -0.134 128.729 -0.137
202309 -0.724 129.860 -0.735
202312 -0.140 129.419 -0.143
202403 0.021 131.776 0.021

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


Community Health Systems  (FRA:CG5) 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.

Community Health Systems's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3.44/2.1
=1.64

* 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 Community Health Systems was 20.32. The lowest was 0.31. And the median was 1.74.


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.


Community Health Systems Cyclically Adjusted FCF per Share Related Terms

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


Community Health Systems (FRA:CG5) Business Description

Traded in Other Exchanges
Address
4000 Meridian Boulevard, Franklin, TN, USA, 37067
Community Health Systems Inc is the largest publicly owned hospital operator in the United States. The company owns or leases over 83 hospitals located in nonurban and urban markets. The company also owns four home health agencies and provides management and consulting services to independent hospitals. The firm derives revenue through a broad range of general and specialized hospital healthcare services and outpatient services.

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