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Bellevue Group AG (XSWX:BBN) Cyclically Adjusted Price-to-FCF : 9.29 (As of May. 16, 2024)


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What is Bellevue Group AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Bellevue Group AG's current share price is CHF19.70. Bellevue Group AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was CHF2.12. Bellevue Group AG's Cyclically Adjusted Price-to-FCF for today is 9.29.

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

XSWX:BBN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.13   Med: 8.62   Max: 30.76
Current: 9.43

During the past 13 years, Bellevue Group AG's highest Cyclically Adjusted Price-to-FCF was 30.76. The lowest was 1.13. And the median was 8.62.

XSWX:BBN's Cyclically Adjusted Price-to-FCF is ranked better than
70.04% of 504 companies
in the Asset Management industry
Industry Median: 20.675 vs XSWX:BBN: 9.43

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.

Bellevue Group AG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was CHF0.666. 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 CHF2.12 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bellevue Group AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bellevue Group AG'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.

Bellevue Group AG Cyclically Adjusted Price-to-FCF Chart

Bellevue Group AG 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 - 19.73 20.04 28.51 11.55

Bellevue Group AG 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 20.04 - 28.51 - 11.55

Competitive Comparison of Bellevue Group AG's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Bellevue Group AG'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.


Bellevue Group AG's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bellevue Group AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Bellevue Group AG 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.

Bellevue Group AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=19.70/2.12
=9.29

* 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.

Bellevue Group AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Bellevue Group AG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.666/106.4611*106.4611
=0.666

Current CPI (Dec23) = 106.4611.

Bellevue Group AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -1.025 100.704 -1.084
201512 -3.708 99.386 -3.972
201612 2.625 99.380 2.812
201712 1.729 100.213 1.837
201812 2.919 100.906 3.080
201912 -1.363 101.063 -1.436
202012 11.075 100.241 11.762
202112 5.232 101.776 5.473
202212 2.046 104.666 2.081
202312 0.666 106.461 0.666

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.


Bellevue Group AG  (XSWX:BBN) 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.


Bellevue Group AG Cyclically Adjusted Price-to-FCF Related Terms

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


Bellevue Group AG (XSWX:BBN) Business Description

Traded in Other Exchanges
Address
Seestrasse 16, Kusnacht, Zurich, CHE, CH-8700
Bellevue Group AG is a Switzerland based company operating in the finance industry. It is principally engaged in the field of asset management and wealth management. The business operates in one segment. The segment consists of the operating business units Bellevue Asset Management, StarCapital and Bellevue Private Markets. It has a clear focus on managing equity portfolios for selected sector and regional strategies. Bellevue Asset Management has a clear focus on managing equity portfolios for selected sector and regional strategies, based on a fundamental and research-driven stock picking approach («bottom up»). A small part of the product range pursues a holistic asset management approach based on quantitative and experience-driven investment approaches with pronounced anti-cyclicality.