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Enovis (STU:C520) Cyclically Adjusted FCF per Share : €3.78 (As of Mar. 2024)


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What is Enovis 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.

Enovis's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-1.230. 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 €3.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Enovis's average Cyclically Adjusted FCF Growth Rate was -16.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.80% 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 Enovis was 12.50% per year. The lowest was -5.20% per year. And the median was 5.80% per year.

As of today (2024-05-24), Enovis's current stock price is €46.20. Enovis's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.78. Enovis's Cyclically Adjusted Price-to-FCF of today is 12.22.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Enovis was 27.01. The lowest was 6.25. And the median was 13.92.


Enovis Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Enovis'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.

Enovis Cyclically Adjusted FCF per Share Chart

Enovis 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 4.04 3.62 4.52 4.48 3.51

Enovis 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 4.49 4.22 4.16 3.51 3.78

Competitive Comparison of Enovis's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, Enovis'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.


Enovis's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Enovis's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Enovis 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, Enovis'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)
=-1.23/131.7762*131.7762
=-1.230

Current CPI (Mar. 2024) = 131.7762.

Enovis Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.311 100.560 1.718
201409 2.741 100.428 3.597
201412 3.083 99.070 4.101
201503 -0.293 99.621 -0.388
201506 1.318 100.684 1.725
201509 1.515 100.392 1.989
201512 2.542 99.792 3.357
201603 0.003 100.470 0.004
201606 0.668 101.688 0.866
201609 0.636 101.861 0.823
201612 2.847 101.863 3.683
201703 0.650 102.862 0.833
201706 0.929 103.349 1.185
201709 0.124 104.136 0.157
201712 1.472 104.011 1.865
201803 -0.270 105.290 -0.338
201806 0.472 106.317 0.585
201809 1.122 106.507 1.388
201812 2.153 105.998 2.677
201903 -1.919 107.251 -2.358
201906 0.836 108.070 1.019
201909 0.375 108.329 0.456
201912 0.773 108.420 0.940
202003 0.482 108.902 0.583
202006 0.344 108.767 0.417
202009 0.899 109.815 1.079
202012 1.722 109.897 2.065
202103 1.064 111.754 1.255
202106 0.943 114.631 1.084
202109 1.093 115.734 1.245
202112 1.080 117.630 1.210
202203 -0.649 121.301 -0.705
202206 -0.843 125.017 -0.889
202209 -0.027 125.227 -0.028
202212 -1.267 125.222 -1.333
202303 -0.395 127.348 -0.409
202306 -0.147 128.729 -0.150
202309 0.068 129.860 0.069
202312 0.680 129.419 0.692
202403 -1.230 131.776 -1.230

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


Enovis  (STU:C520) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=46.20/3.78
=12.22

* 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 Enovis was 27.01. The lowest was 6.25. And the median was 13.92.


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.


Enovis Cyclically Adjusted FCF per Share Related Terms

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


Enovis (STU:C520) Business Description

Industry
Traded in Other Exchanges
Address
2711 Centerville Road, Suite 400, Wilmington, DE, USA, 19808
Enovis Corp is a medical technology company focused on developing clinically differentiated solutions that generate measurably better patient outcomes and transform workflows by manufacturing and distributing high-quality medical devices with a broad range of products used for reconstructive surgery, rehabilitation, pain management and physical therapy.. The company conducts its operations through two operating segments: Prevention & Recovery ("P&R") and Reconstructive ("Recon"). It generates majority revenue form Prevention & Recovery segment.

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