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Fresenius SE KGaA (WBO:FRE) Cyclically Adjusted Price-to-FCF : (As of Jun. 04, 2024)


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What is Fresenius SE KGaA Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fresenius SE KGaA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fresenius SE KGaA'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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Fresenius SE KGaA Cyclically Adjusted Price-to-FCF Chart

Fresenius SE KGaA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 35.28 16.47

Fresenius SE KGaA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 36.81 32.77 29.43 16.47 -

Competitive Comparison of Fresenius SE KGaA's Cyclically Adjusted Price-to-FCF

For the Medical Care Facilities subindustry, Fresenius SE KGaA'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.


Fresenius SE KGaA's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Providers & Services Industry

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

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



Fresenius SE KGaA 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.

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

For example, Fresenius SE KGaA'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)
=-0.346/125.0381*125.0381
=-0.346

Current CPI (Mar. 2024) = 125.0381.

Fresenius SE KGaA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.269 99.543 0.338
201409 0.028 99.823 0.035
201412 -0.291 99.543 -0.366
201503 0.296 99.717 0.371
201506 0.544 100.417 0.677
201509 0.909 100.417 1.132
201512 0.873 99.717 1.095
201603 -0.363 100.017 -0.454
201606 0.800 100.717 0.993
201609 0.846 101.017 1.047
201612 1.017 101.217 1.256
201703 -9.560 101.417 -11.787
201706 0.789 102.117 0.966
201709 0.841 102.717 1.024
201712 0.464 102.617 0.565
201803 -0.630 102.917 -0.765
201806 0.672 104.017 0.808
201809 0.486 104.718 0.580
201812 0.408 104.217 0.490
201903 -3.736 104.217 -4.482
201906 0.888 105.718 1.050
201909 1.353 106.018 1.596
201912 0.270 105.818 0.319
202003 0.016 105.718 0.019
202006 4.524 106.618 5.306
202009 1.021 105.818 1.206
202012 0.585 105.518 0.693
202103 0.179 107.518 0.208
202106 0.828 108.486 0.954
202109 1.132 109.435 1.293
202112 1.500 110.384 1.699
202203 -0.691 113.968 -0.758
202206 0.474 115.760 0.512
202209 1.786 118.818 1.879
202212 3.760 119.345 3.939
202303 -0.073 122.402 -0.075
202306 0.984 123.140 0.999
202309 2.353 124.195 2.369
202312 2.683 123.773 2.710
202403 -0.346 125.038 -0.346

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.


Fresenius SE KGaA  (WBO:FRE) 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.


Fresenius SE KGaA Cyclically Adjusted Price-to-FCF Related Terms

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


Fresenius SE KGaA (WBO:FRE) Business Description

Address
Else-Kroener-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius SE is a healthcare holding company based in Germany with four segments. The company owns a large stake in dialysis service provider and equipment manufacturer Fresenius Medical Care. The Kabi segment manufactures intravenous drugs, nutrition products, infusion and transfusion therapies, and related pumps. The Helios segment operates private hospitals and fertility clinics in Germany, Spain, and Latin America. Vamed provides a variety of services such as healthcare facility construction and operation management, including post-acute care rehabilitation.

Fresenius SE KGaA (WBO:FRE) Headlines

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