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Sonic Healthcare (ASX:SHL) Cyclically Adjusted Price-to-FCF : 13.13 (As of May. 22, 2024)


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What is Sonic Healthcare Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Sonic Healthcare's current share price is A$24.55. Sonic Healthcare's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was A$1.87. Sonic Healthcare's Cyclically Adjusted Price-to-FCF for today is 13.13.

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

ASX:SHL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.97   Med: 28.67   Max: 39.39
Current: 14.26

During the past 13 years, Sonic Healthcare's highest Cyclically Adjusted Price-to-FCF was 39.39. The lowest was 13.97. And the median was 28.67.

ASX:SHL's Cyclically Adjusted Price-to-FCF is ranked better than
75.81% of 62 companies
in the Medical Diagnostics & Research industry
Industry Median: 37.035 vs ASX:SHL: 14.26

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.

Sonic Healthcare's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was A$2.062. 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 A$1.87 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sonic Healthcare Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sonic Healthcare'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.

Sonic Healthcare Cyclically Adjusted Price-to-FCF Chart

Sonic Healthcare Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.74 31.62 30.12 20.16 19.05

Sonic Healthcare Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 20.16 - 19.05 -

Competitive Comparison of Sonic Healthcare's Cyclically Adjusted Price-to-FCF

For the Diagnostics & Research subindustry, Sonic Healthcare'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.


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

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

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



Sonic Healthcare 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.55/1.87
=13.13

* 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.

Sonic Healthcare's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Sonic Healthcare's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=2.062/124.1700*124.1700
=2.062

Current CPI (Jun23) = 124.1700.

Sonic Healthcare Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.829 98.352 1.047
201506 0.613 99.838 0.762
201606 0.760 100.859 0.936
201706 0.781 102.809 0.943
201806 1.039 104.945 1.229
201906 1.023 106.617 1.191
202006 2.153 106.246 2.516
202106 3.488 110.332 3.925
202206 3.826 117.112 4.057
202306 2.062 124.170 2.062

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.


Sonic Healthcare  (ASX:SHL) 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.


Sonic Healthcare Cyclically Adjusted Price-to-FCF Related Terms

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


Sonic Healthcare (ASX:SHL) Business Description

Traded in Other Exchanges
Address
225 George Street, Level 22, Grosvenor Place, Sydney, NSW, AUS, 2000
Sonic Healthcare is a global pathology provider. It is the largest private operator in Australia, Germany, Switzerland and the U.K., the second largest in Belgium and New Zealand and the third largest in the U.S. In addition to pathology, which contributes roughly 85% of group revenue, Sonic is the second largest player in diagnostic imaging in Australia and the largest operator of medical centers in Australia. The company typically earns about 40% of group revenue in Australia and New Zealand, 25% in the U.S. and 35% in Europe.

Sonic Healthcare (ASX:SHL) Headlines

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