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Viatris (Viatris) Cyclically Adjusted Price-to-FCF : 4.88 (As of Apr. 27, 2024)


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What is Viatris Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Viatris's current share price is $11.57. Viatris's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.37. Viatris's Cyclically Adjusted Price-to-FCF for today is 4.88.

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

VTRS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.58   Med: 18.11   Max: 58.96
Current: 4.83

During the past years, Viatris's highest Cyclically Adjusted Price-to-FCF was 58.96. The lowest was 3.58. And the median was 18.11.

VTRS's Cyclically Adjusted Price-to-FCF is ranked better than
96% of 325 companies
in the Drug Manufacturers industry
Industry Median: 32.81 vs VTRS: 4.83

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.

Viatris's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.230. 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 $2.37 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Viatris Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Viatris'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.

Viatris Cyclically Adjusted Price-to-FCF Chart

Viatris 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 9.99 9.66 6.25 4.76 4.56

Viatris 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 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 4.76 3.94 4.04 4.02 4.56

Competitive Comparison of Viatris's Cyclically Adjusted Price-to-FCF

For the Drug Manufacturers - Specialty & Generic subindustry, Viatris'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.


Viatris's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

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

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



Viatris 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.

Viatris's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.57/2.37
=4.88

* 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.

Viatris's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Viatris'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)
=0.23/129.4194*129.4194
=0.230

Current CPI (Dec. 2023) = 129.4194.

Viatris Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.168 99.695 0.218
201406 0.232 100.560 0.299
201409 0.138 100.428 0.178
201412 0.139 99.070 0.182
201503 0.467 99.621 0.607
201506 -0.100 100.684 -0.129
201509 1.101 100.392 1.419
201512 0.820 99.792 1.063
201603 -0.151 100.470 -0.195
201606 0.536 101.688 0.682
201609 2.036 101.861 2.587
201612 0.065 101.863 0.083
201703 0.590 102.862 0.742
201706 0.216 103.349 0.270
201709 0.785 104.136 0.976
201712 0.587 104.011 0.730
201803 0.481 105.290 0.591
201806 0.219 106.317 0.267
201809 1.149 106.507 1.396
201812 0.370 105.998 0.452
201903 -0.210 107.251 -0.253
201906 0.991 108.070 1.187
201909 0.830 108.329 0.992
201912 1.091 108.420 1.302
202003 0.349 108.902 0.415
202006 0.630 108.767 0.750
202009 0.900 109.815 1.061
202012 -0.493 109.897 -0.581
202103 0.659 111.754 0.763
202106 0.378 114.631 0.427
202109 0.786 115.734 0.879
202112 0.249 117.630 0.274
202203 0.879 121.301 0.938
202206 0.586 125.017 0.607
202209 0.618 125.227 0.639
202212 -0.019 125.222 -0.020
202303 0.737 127.348 0.749
202306 0.354 128.729 0.356
202309 0.606 129.860 0.604
202312 0.230 129.419 0.230

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.


Viatris  (NAS:VTRS) 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.


Viatris Cyclically Adjusted Price-to-FCF Related Terms

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


Viatris (Viatris) Business Description

Industry
Address
1000 Mylan Boulevard, Canonsburg, PA, USA, 15317
Viatris was formed in November 2020 through the combination of Upjohn, a wholly owned subsidiary of Pfizer that specialized in off-patent drugs, and Mylan, a global pharmaceutical manufacturer that focused on generic and specialty drugs. By joining forces, Viatris became one of the largest generic drug manufacturers in the world, servicing over 165 countries. Generics (commoditized and complex) and biosimilars make up roughly 40% of Viatris' total sales. Remaining 60% of sales is derived from its portfolio of legacy products which includes Lipitor, Norvasc, Lyrica, and Viagra. While it covers more than 10 major therapeutic areas, Viatris has identified dermatology, ophthalmology, and gastroenterology as its three key areas of focus for future innovations.
Executives
Andrew Cuneo officer: See Remarks 1000 MYLAN BOULEVARD, CANONSBURG PA 15317
Xiangyang (sean) Ni officer: President, Greater China 1000 MYLAN BOULEVARD, CANONSBURG PA 15317
Leo Frans Groothuis director 1000 MYLAN BOULEVARD, CANONSBURG PA 15317
Scott Andrew Smith director C/O CELGENE CORPORATION, 86 MORRIS AVENUE, SUMMIT NJ 07901
Elisha W Finney director C/O VARIAN MEDICAL SYSTEMS, INC, 3100 HANSEN WAY M/S E-327, PALO ALTO CA 94304
Van Der Meer Mohr Pauline director 1000 MYLAN BOULEVARD, CANONSBURG PA 15317
Menassie Taddese officer: See Remarks 1000 MYLAN BOULEVARD, CANONSBURG PA 15317
Robert J Coury director, officer: Executive Chairman BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HERTFORDSHIRE X0 AL10 9UL
W Don Cornwell director
Brian Roman officer: Global General Counsel 1000 MYLAN BOULEVARD, CANONSBURG PA 15317
Anthony Mauro officer: See Remarks BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HERTFORDSHIRE X0 AL10 9UL
James M Kilts director 120 PARK AVE, NEW YORK NY 10017
Melina E Higgins director BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HERTFORDSHIRE X0 AL10 9UL
Ian C Read director PFIZER INC ATTN CORPORATE SECRETARY, 235 EAST 42ND STREET, NEW YORK NY 10017
Dillon Joellen Lyons director BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HARTFORDSHIRE X0 AL 109UL