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Ramsay Health Care (FRA:RMY) Cyclically Adjusted Price-to-FCF : 19.35 (As of Jun. 09, 2024)


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What is Ramsay Health Care Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Ramsay Health Care's current share price is €29.80. Ramsay Health Care's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was €1.54. Ramsay Health Care's Cyclically Adjusted Price-to-FCF for today is 19.35.

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

FRA:RMY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.62   Med: 45.99   Max: 116.07
Current: 19.5

During the past 13 years, Ramsay Health Care's highest Cyclically Adjusted Price-to-FCF was 116.07. The lowest was 18.62. And the median was 45.99.

FRA:RMY's Cyclically Adjusted Price-to-FCF is ranked better than
57.95% of 176 companies
in the Healthcare Providers & Services industry
Industry Median: 23.74 vs FRA:RMY: 19.50

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.

Ramsay Health Care's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was €1.449. 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 €1.54 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ramsay Health Care Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ramsay Health Care'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.

Ramsay Health Care Cyclically Adjusted Price-to-FCF Chart

Ramsay Health Care 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 45.50 34.17 27.80 32.19 22.27

Ramsay Health Care 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 - 32.19 - 22.27 -

Competitive Comparison of Ramsay Health Care's Cyclically Adjusted Price-to-FCF

For the Medical Care Facilities subindustry, Ramsay Health Care'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.


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

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

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



Ramsay Health Care 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.

Ramsay Health Care's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=29.80/1.54
=19.35

* 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.

Ramsay Health Care's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Ramsay Health Care'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)
=1.449/124.1700*124.1700
=1.449

Current CPI (Jun23) = 124.1700.

Ramsay Health Care Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.074 98.352 1.356
201506 0.882 99.838 1.097
201606 1.285 100.859 1.582
201706 1.480 102.809 1.787
201806 1.650 104.945 1.952
201906 0.928 106.617 1.081
202006 2.816 106.246 3.291
202106 2.320 110.332 2.611
202206 0.020 117.112 0.021
202306 1.449 124.170 1.449

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.


Ramsay Health Care  (FRA:RMY) 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.


Ramsay Health Care Cyclically Adjusted Price-to-FCF Related Terms

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


Ramsay Health Care (FRA:RMY) Business Description

Address
126 Phillip Street, Suite 18.03, Level 18, Deutsche Bank Place, Sydney, NSW, AUS, 2000
Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the U.K., and Sweden. It is the largest private hospital group in each of these markets except for the U.K. where it ranks fifth. Ramsay Sante, which operates the European regions other than the U.K., is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.

Ramsay Health Care (FRA:RMY) Headlines

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