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Masimo (LTS:0JZ2) Cyclically Adjusted Price-to-FCF : 47.73 (As of Jun. 09, 2024)


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What is Masimo Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Masimo's current share price is $126.48. Masimo's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.65. Masimo's Cyclically Adjusted Price-to-FCF for today is 47.73.

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

LTS:0JZ2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.24   Med: 58.23   Max: 128.39
Current: 47.12

During the past years, Masimo's highest Cyclically Adjusted Price-to-FCF was 128.39. The lowest was 24.24. And the median was 58.23.

LTS:0JZ2's Cyclically Adjusted Price-to-FCF is ranked worse than
55.27% of 237 companies
in the Medical Devices & Instruments industry
Industry Median: 42.66 vs LTS:0JZ2: 47.12

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.

Masimo's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.498. 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 $2.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Masimo Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Masimo'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.

Masimo Cyclically Adjusted Price-to-FCF Chart

Masimo 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 77.16 121.68 111.72 56.77 44.88

Masimo 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 71.86 63.55 34.65 44.88 55.15

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

For the Medical Devices subindustry, Masimo'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.


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

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

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



Masimo 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=126.48/2.65
=47.73

* 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.

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

For example, Masimo'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)
=0.498/131.7762*131.7762
=0.498

Current CPI (Mar. 2024) = 131.7762.

Masimo Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.800 100.560 -1.048
201409 0.409 100.428 0.537
201412 0.366 99.070 0.487
201503 0.022 99.621 0.029
201506 0.004 100.684 0.005
201509 0.193 100.392 0.253
201512 0.960 99.792 1.268
201603 0.245 100.470 0.321
201606 0.605 101.688 0.784
201609 0.481 101.861 0.622
201612 5.978 101.863 7.734
201703 0.156 102.862 0.200
201706 -0.606 103.349 -0.773
201709 -0.130 104.136 -0.165
201712 0.755 104.011 0.957
201803 1.164 105.290 1.457
201806 0.901 106.317 1.117
201809 0.791 106.507 0.979
201812 1.018 105.998 1.266
201903 0.648 107.251 0.796
201906 0.297 108.070 0.362
201909 0.715 108.329 0.870
201912 0.992 108.420 1.206
202003 0.073 108.902 0.088
202006 0.795 108.767 0.963
202009 0.520 109.815 0.624
202012 0.871 109.897 1.044
202103 0.843 111.754 0.994
202106 0.335 114.631 0.385
202109 1.217 115.734 1.386
202112 1.586 117.630 1.777
202203 0.003 121.301 0.003
202206 -0.273 125.017 -0.288
202209 0.018 125.227 0.019
202212 -0.241 125.222 -0.254
202303 -0.327 127.348 -0.338
202306 0.028 128.729 0.029
202309 -0.540 129.860 -0.548
202312 0.963 129.419 0.981
202403 0.498 131.776 0.498

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.


Masimo  (LTS:0JZ2) 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.


Masimo Cyclically Adjusted Price-to-FCF Related Terms

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


Masimo (LTS:0JZ2) Business Description

Traded in Other Exchanges
Address
52 Discovery, Irvine, CA, USA, 92618
Masimo Corp is a global technology company. The company's segment includes healthcare and non-healthcare. The healthcare business segment is a key revenue driver, develops, manufactures, and markets a variety of noninvasive patient monitoring technologies, hospital automation and connectivity solutions, remote monitoring devices and consumer health products. Its non-healthcare segment includes consumer audio business develops, manufactures, markets sells and licenses premium and luxury audio sound products and related integration technologies.

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