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As of today (2024-04-27), CVS Health's current share price is $67.18. CVS Health's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $9.23. CVS Health's Cyclically Adjusted Price-to-FCF for today is 7.28.
The historical rank and industry rank for CVS Health's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past years, CVS Health's highest Cyclically Adjusted Price-to-FCF was 53.40. The lowest was 6.88. And the median was 15.25.
CVS's Cyclically Adjusted Price-to-FCF is ranked better thanThe 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.
CVS Health's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-2.743. 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 $9.23 for the trailing ten years ended in Dec. 2023.
The historical data trend for CVS Health'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.
CVS Health Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cyclically Adjusted Price-to-FCF | Get a 7-Day Free Trial | 10.92 | 8.22 | 7.27 | 7.25 | 8.55 |
For the Healthcare Plans subindustry, CVS Health'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.
For the Healthcare Plans industry and Healthcare sector, CVS Health's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where CVS Health's Cyclically Adjusted Price-to-FCF falls into.
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.
CVS Health's Cyclically Adjusted Price-to-FCF for today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 67.18 | / | 9.23 | |
= | 7.28 |
* 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.
CVS Health's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, CVS Health's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | -2.743 | / | 129.4194 | * | 129.4194 | |
= | -2.743 |
Current CPI (Dec. 2023) = 129.4194.
CVS Health Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201403 | 1.499 | 99.695 | 1.946 |
201406 | 0.336 | 100.560 | 0.432 |
201409 | 0.945 | 100.428 | 1.218 |
201412 | 2.366 | 99.070 | 3.091 |
201503 | 1.378 | 99.621 | 1.790 |
201506 | 0.454 | 100.684 | 0.584 |
201509 | 1.135 | 100.392 | 1.463 |
201512 | 2.532 | 99.792 | 3.284 |
201603 | 1.675 | 100.470 | 2.158 |
201606 | 1.063 | 101.688 | 1.353 |
201609 | 3.196 | 101.861 | 4.061 |
201612 | 1.406 | 101.863 | 1.786 |
201703 | 2.972 | 102.862 | 3.739 |
201706 | 1.531 | 103.349 | 1.917 |
201709 | 2.046 | 104.136 | 2.543 |
201712 | -0.631 | 104.011 | -0.785 |
201803 | 1.838 | 105.290 | 2.259 |
201806 | 2.460 | 106.317 | 2.995 |
201809 | 0.545 | 106.507 | 0.662 |
201812 | 1.688 | 105.998 | 2.061 |
201903 | 0.946 | 107.251 | 1.142 |
201906 | 3.660 | 108.070 | 4.383 |
201909 | 1.783 | 108.329 | 2.130 |
201912 | 1.577 | 108.420 | 1.882 |
202003 | 1.954 | 108.902 | 2.322 |
202006 | 5.077 | 108.767 | 6.041 |
202009 | 1.019 | 109.815 | 1.201 |
202012 | 2.172 | 109.897 | 2.558 |
202103 | 1.561 | 111.754 | 1.808 |
202106 | 4.040 | 114.631 | 4.561 |
202109 | 3.697 | 115.734 | 4.134 |
202112 | 2.547 | 117.630 | 2.802 |
202203 | 1.892 | 121.301 | 2.019 |
202206 | 3.812 | 125.017 | 3.946 |
202209 | 6.497 | 125.227 | 6.715 |
202212 | -2.000 | 125.222 | -2.067 |
202303 | 4.999 | 127.348 | 5.080 |
202306 | 4.131 | 128.729 | 4.153 |
202309 | 1.683 | 129.860 | 1.677 |
202312 | -2.743 | 129.419 | -2.743 |
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.
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.
Thank you for viewing the detailed overview of CVS Health's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Edward J Ludwig | director | C/O BECTON DICKERSON & CO, 1 BECTON DR, FRANKLIN LAKES NJ 07417 |
Michael F Mahoney | director | BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234 |
Thomas F. Cowhey | officer: SVP, Interim CFO | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
J Scott Kirby | director | 233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606 |
Brian A Kane | officer: EVP/President, Aetna | 500 W MAIN STREET, LOUISVILLE KY 40202 |
James David Clark | officer: SVP, Cont & Chief Acct Officer | ONE CVS DRIVE, WOONSOCKET RI 02760 |
Karen S Lynch | officer: EVP & Pres, Aetna Bus Unit | 151 FARMINGTON AVENUE, RW61, HARTFORD CT 06156 |
Samrat S. Khichi | officer: EVP, CPO and General Counsel | C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873 |
Thomas M Moriarty | officer: EVP & General Counsel | 100 PARSONS POND DRIVE, FRANKLIN LAKES NJ 07417 |
Jeffrey R. Balser | director | 3657 RICHLAND AVE., NASHVILLE TN 37205 |
Alan Lotvin | officer: EVP, Transformation | 55 NOD ROAD, AVON CT 06001 |
Daniel P Finke | officer: EVP/Pres, Health Care Benefits | ONE CVS DRIVE, WOONSOCKET RI 02895 |
Tilak Mandadi | officer: EVP, Chief Technology Officer | 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109 |
Sreekanth K Chaguturu | officer: EVP and Chief Medical Officer | ONE CVS DRIVE, WOONSOCKET RI 02895 |
Prem S Shah | officer: EVP and Co-President of Retail | ONE CVS DRIVE, WOONSOCKET RI 02895 |
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