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Medical Facilities (TSX:DR) Cyclically Adjusted FCF per Share : C$2.99 (As of Mar. 2024)


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What is Medical Facilities Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Medical Facilities's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$1.252. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is C$2.99 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Medical Facilities's average Cyclically Adjusted FCF Growth Rate was 4.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Medical Facilities was 9.00% per year. The lowest was 3.90% per year. And the median was 7.05% per year.

As of today (2024-06-08), Medical Facilities's current stock price is C$13.29. Medical Facilities's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$2.99. Medical Facilities's Cyclically Adjusted Price-to-FCF of today is 4.44.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Medical Facilities was 12.23. The lowest was 1.26. And the median was 3.65.


Medical Facilities Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Medical Facilities's Cyclically Adjusted FCF per Share 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.

Medical Facilities Cyclically Adjusted FCF per Share Chart

Medical Facilities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.27 2.59 2.74 2.84 2.92

Medical Facilities Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 2.87 2.95 2.95 2.92 2.99

Competitive Comparison of Medical Facilities's Cyclically Adjusted FCF per Share

For the Medical Care Facilities subindustry, Medical Facilities'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.


Medical Facilities's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Providers & Services Industry

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

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



Medical Facilities Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Medical Facilities'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)
=1.252/126.2576*126.2576
=1.252

Current CPI (Mar. 2024) = 126.2576.

Medical Facilities Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.531 99.473 0.674
201409 0.511 99.394 0.649
201412 0.681 98.367 0.874
201503 0.544 99.789 0.688
201506 0.694 100.500 0.872
201509 0.447 100.421 0.562
201512 0.715 99.947 0.903
201603 0.762 101.054 0.952
201606 0.383 102.002 0.474
201609 -0.312 101.765 -0.387
201612 0.520 101.449 0.647
201703 0.636 102.634 0.782
201706 0.744 103.029 0.912
201709 0.580 103.345 0.709
201712 0.412 103.345 0.503
201803 0.590 105.004 0.709
201806 0.466 105.557 0.557
201809 0.593 105.636 0.709
201812 0.556 105.399 0.666
201903 0.747 106.979 0.882
201906 0.615 107.690 0.721
201909 0.491 107.611 0.576
201912 0.561 107.769 0.657
202003 0.495 107.927 0.579
202006 2.147 108.401 2.501
202009 0.949 108.164 1.108
202012 0.865 108.559 1.006
202103 0.771 110.298 0.883
202106 0.463 111.720 0.523
202109 0.512 112.905 0.573
202112 0.882 113.774 0.979
202203 0.444 117.646 0.477
202206 0.477 120.806 0.499
202209 0.543 120.648 0.568
202212 0.700 120.964 0.731
202303 0.702 122.702 0.722
202306 0.804 124.203 0.817
202309 0.347 125.230 0.350
202312 0.997 125.072 1.006
202403 1.252 126.258 1.252

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Medical Facilities  (TSX:DR) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Medical Facilities's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=13.29/2.99
=4.44

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Medical Facilities was 12.23. The lowest was 1.26. And the median was 3.65.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Medical Facilities Cyclically Adjusted FCF per Share Related Terms

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


Medical Facilities (TSX:DR) Business Description

Traded in Other Exchanges
Address
4576 Yonge Street, Suite 701, Toronto, ON, CAN, M2N 6N4
Medical Facilities Corp owns a diverse portfolio of surgical facilities in the United States. Through its wholly-owned subsidiaries, the company owns controlling interests in four specialty hospitals and six ambulatory surgery centers. The hospitals offer a range of non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services. Its key revenue source is from the facility service income. The corporation's operations are based in the United States.
Executives
Lew Wayne Papendick Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

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