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BeiGene (HKSE:06160) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is BeiGene Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


BeiGene Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BeiGene'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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BeiGene Cyclically Adjusted Price-to-FCF Chart

BeiGene Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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BeiGene 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 BeiGene's Cyclically Adjusted Price-to-FCF

For the Biotechnology subindustry, BeiGene'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.


BeiGene's Cyclically Adjusted Price-to-FCF Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, BeiGene's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



BeiGene 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.

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

For example, BeiGene'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)
=-2.895/131.7762*131.7762
=-2.895

Current CPI (Mar. 2024) = 131.7762.

BeiGene Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 -0.077 99.621 -0.102
201506 -0.081 100.684 -0.106
201509 -0.119 100.392 -0.156
201512 -0.382 99.792 -0.504
201603 -0.611 100.470 -0.801
201606 -0.448 101.688 -0.581
201609 -0.561 101.861 -0.726
201612 -0.572 101.863 -0.740
201703 -0.648 102.862 -0.830
201706 -0.987 103.349 -1.258
201709 -0.159 104.136 -0.201
201712 0.989 104.011 1.253
201803 -1.452 105.290 -1.817
201806 -1.435 106.317 -1.779
201809 -1.686 106.507 -2.086
201812 -2.808 105.998 -3.491
201903 -2.257 107.251 -2.773
201906 -0.881 108.070 -1.074
201909 -2.966 108.329 -3.608
201912 -2.994 108.420 -3.639
202003 -3.140 108.902 -3.800
202006 -2.267 108.767 -2.747
202009 -2.843 109.815 -3.412
202012 -2.539 109.897 -3.044
202103 0.458 111.754 0.540
202106 -2.982 114.631 -3.428
202109 -3.631 115.734 -4.134
202112 -4.205 117.630 -4.711
202203 -2.095 121.301 -2.276
202206 -2.527 125.017 -2.664
202209 -4.029 125.227 -4.240
202212 -2.818 125.222 -2.966
202303 -3.996 127.348 -4.135
202306 -2.392 128.729 -2.449
202309 -1.466 129.860 -1.488
202312 -2.243 129.419 -2.284
202403 -2.895 131.776 -2.895

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.


BeiGene  (HKSE:06160) 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.


BeiGene Cyclically Adjusted Price-to-FCF Related Terms

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


BeiGene (HKSE:06160) Business Description

Industry
Traded in Other Exchanges
Address
c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, Grand Cayman, CYM, KY1-1108
BeiGene Ltd is a commercial-stage biotechnology company. It is engaged in the discovery and development of molecularly targeted and immuno-oncology drugs for the treatment of cancer. The company has developed a proprietary cancer biology platform that addresses the importance of tumor-immune system interactions and the value of primary biopsies in developing new models to support its drug discovery effort. It has developed clinical-stage drug candidates that inhibit the important oncology targets Bruton's tyrosine kinase, or BTK; RAF dimer protein complex and PARP family of proteins, and an immuno-oncology agent that inhibits the immune checkpoint protein receptor PD-1. Its geographical segments are China, the United States, and the Rest of the world.
Executives
Jpmorgan Chase & Co. 2502 Approved lending agent
Oyler John Victor 2101 Beneficial owner
The Capital Group Companies, Inc. 2201 Interest of corporation controlled by you
Baker Felix James 2201 Interest of corporation controlled by you
Baker Julian Charles 2201 Interest of corporation controlled by you
Baker Bros. Advisors (gp) Llc 2201 Interest of corporation controlled by you
Baker Brothers Life Sciences Capital, L.p. 2201 Interest of corporation controlled by you
Hhlr Advisors, Ltd. 2102 Investment manager
Hhlr Fund, L.p. 2101 Beneficial owner
Amgen Inc. 2101 Beneficial owner
Hillhouse Capital Advisors, Ltd. 2102 Investment manager
Gaoling Fund, L.p. 2101 Beneficial owner
Fidelity Management & Research Company
Fmr Co., Inc.

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