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CareDx (FRA:1K9) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is CareDx Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


CareDx Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CareDx'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.

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CareDx Cyclically Adjusted Price-to-FCF Chart

CareDx Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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CareDx Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of CareDx's Cyclically Adjusted Price-to-FCF

For the Diagnostics & Research subindustry, CareDx'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.


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

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

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



CareDx 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.

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

For example, CareDx'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)
=-0.299/131.7762*131.7762
=-0.299

Current CPI (Mar. 2024) = 131.7762.

CareDx Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.050 100.560 0.066
201409 -0.265 100.428 -0.348
201412 -0.074 99.070 -0.098
201503 -0.108 99.621 -0.143
201506 -0.158 100.684 -0.207
201509 -0.256 100.392 -0.336
201512 -0.313 99.792 -0.413
201603 -0.473 100.470 -0.620
201606 -0.409 101.688 -0.530
201609 -0.071 101.861 -0.092
201612 -0.133 101.863 -0.172
201703 -0.298 102.862 -0.382
201706 -0.134 103.349 -0.171
201709 -0.083 104.136 -0.105
201712 -0.067 104.011 -0.085
201803 -0.125 105.290 -0.156
201806 -0.180 106.317 -0.223
201809 -0.005 106.507 -0.006
201812 0.023 105.998 0.029
201903 -0.136 107.251 -0.167
201906 0.051 108.070 0.062
201909 0.004 108.329 0.005
201912 -0.049 108.420 -0.060
202003 -0.101 108.902 -0.122
202006 0.400 108.767 0.485
202009 0.017 109.815 0.020
202012 0.112 109.897 0.134
202103 -0.592 111.754 -0.698
202106 0.023 114.631 0.026
202109 -0.052 115.734 -0.059
202112 -0.028 117.630 -0.031
202203 -0.514 121.301 -0.558
202206 -0.187 125.017 -0.197
202209 -0.244 125.227 -0.257
202212 0.069 125.222 0.073
202303 -0.037 127.348 -0.038
202306 -0.049 128.729 -0.050
202309 -0.220 129.860 -0.223
202312 -0.171 129.419 -0.174
202403 -0.299 131.776 -0.299

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.


CareDx  (FRA:1K9) 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.


CareDx Cyclically Adjusted Price-to-FCF Related Terms

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


CareDx (FRA:1K9) Business Description

Traded in Other Exchanges
Address
8000 Marina Boulevard, Brisbane, CA, USA, 94005
CareDx Inc operates as a precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers. It offers testing services, products, and digital solutions along with the pre-and post-transplant patient journey and is a provider of genomics-based information for transplant patients. Its primary operations are in Brisbane, California; Omaha, Nebraska; Fremantle, Australia and Stockholm, Sweden.

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