GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Stryker Corp (BSP:S1YK34) » Definitions » Cyclically Adjusted Price-to-FCF

Stryker (BSP:S1YK34) Cyclically Adjusted Price-to-FCF : 58.63 (As of May. 24, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Stryker Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Stryker's current share price is R$85.60. Stryker's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$1.46. Stryker's Cyclically Adjusted Price-to-FCF for today is 58.63.

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

BSP:S1YK34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.89   Med: 45.02   Max: 62.24
Current: 56.8

During the past years, Stryker's highest Cyclically Adjusted Price-to-FCF was 62.24. The lowest was 24.89. And the median was 45.02.

BSP:S1YK34's Cyclically Adjusted Price-to-FCF is ranked worse than
63.91% of 230 companies
in the Medical Devices & Instruments industry
Industry Median: 44.11 vs BSP:S1YK34: 56.80

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.

Stryker's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.024. 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 R$1.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stryker Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Stryker'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.

Stryker Cyclically Adjusted Price-to-FCF Chart

Stryker 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 53.40 56.79 53.88 45.87 52.12

Stryker 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 52.49 55.15 48.66 52.12 61.58

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

For the Medical Devices subindustry, Stryker'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.


Stryker's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

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

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



Stryker 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=85.60/1.46
=58.63

* 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.

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

For example, Stryker'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)
=0.024/131.7762*131.7762
=0.024

Current CPI (Mar. 2024) = 131.7762.

Stryker Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.091 100.560 0.119
201409 0.149 100.428 0.196
201412 0.213 99.070 0.283
201503 0.137 99.621 0.181
201506 0.118 100.684 0.154
201509 -0.300 100.392 -0.394
201512 0.346 99.792 0.457
201603 0.072 100.470 0.094
201606 0.171 101.688 0.222
201609 0.165 101.861 0.213
201612 0.228 101.863 0.295
201703 0.005 102.862 0.006
201706 0.225 103.349 0.287
201709 -0.026 104.136 -0.033
201712 0.213 104.011 0.270
201803 0.076 105.290 0.095
201806 0.244 106.317 0.302
201809 0.258 106.507 0.319
201812 0.456 105.998 0.567
201903 0.097 107.251 0.119
201906 0.177 108.070 0.216
201909 0.252 108.329 0.307
201912 0.289 108.420 0.351
202003 0.288 108.902 0.348
202006 0.353 108.767 0.428
202009 0.540 109.815 0.648
202012 0.723 109.897 0.867
202103 0.272 111.754 0.321
202106 0.508 114.631 0.584
202109 0.554 115.734 0.631
202112 0.587 117.630 0.658
202203 0.055 121.301 0.060
202206 0.255 125.017 0.269
202209 0.516 125.227 0.543
202212 0.559 125.222 0.588
202303 0.214 127.348 0.221
202306 0.339 128.729 0.347
202309 0.580 129.860 0.589
202312 0.883 129.419 0.899
202403 0.024 131.776 0.024

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.


Stryker  (BSP:S1YK34) 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.


Stryker Cyclically Adjusted Price-to-FCF Related Terms

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


Stryker (BSP:S1YK34) Business Description

Address
2825 Airview Boulevard, Kalamazoo, MI, USA, 49002
Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. The product portfolio includes hip and knee replacements, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and spinal devices. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Just over one fourth of Stryker's total revenue currently comes from outside the United States.

Stryker (BSP:S1YK34) Headlines

No Headlines