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Amplifon SpA (MIL:AMP) Cyclically Adjusted Price-to-FCF : 34.24 (As of May. 23, 2024)


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What is Amplifon SpA Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Amplifon SpA's current share price is €33.56. Amplifon SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.98. Amplifon SpA's Cyclically Adjusted Price-to-FCF for today is 34.24.

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

MIL:AMP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.02   Med: 48.25   Max: 71.89
Current: 35.2

During the past years, Amplifon SpA's highest Cyclically Adjusted Price-to-FCF was 71.89. The lowest was 26.02. And the median was 48.25.

MIL:AMP's Cyclically Adjusted Price-to-FCF is ranked worse than
75% of 32 companies
in the Medical Distribution industry
Industry Median: 26.27 vs MIL:AMP: 35.20

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.

Amplifon SpA's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.206. 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 €0.98 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amplifon SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Amplifon SpA'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.

Amplifon SpA Cyclically Adjusted Price-to-FCF Chart

Amplifon SpA 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 57.53 61.82 67.07 30.54 32.11

Amplifon SpA 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 30.54 33.73 34.56 28.39 32.11

Competitive Comparison of Amplifon SpA's Cyclically Adjusted Price-to-FCF

For the Medical Distribution subindustry, Amplifon SpA'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.


Amplifon SpA's Cyclically Adjusted Price-to-FCF Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Amplifon SpA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Amplifon SpA 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=33.56/0.98
=34.24

* 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.

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

For example, Amplifon SpA'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)
=0.206/119.7000*119.7000
=0.206

Current CPI (Dec. 2023) = 119.7000.

Amplifon SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.024 99.907 -0.029
201406 0.130 100.093 0.155
201409 -0.018 99.814 -0.022
201412 0.237 99.721 0.284
201503 0.002 99.814 0.002
201506 0.100 100.279 0.119
201509 0.002 100.000 0.002
201512 0.243 99.814 0.291
201603 0.008 99.600 0.010
201606 0.108 99.900 0.129
201609 -0.018 100.100 -0.022
201612 0.262 100.300 0.313
201703 0.018 101.000 0.021
201706 0.157 101.100 0.186
201709 -0.044 101.200 -0.052
201712 0.305 101.200 0.361
201803 0.046 101.800 0.054
201806 0.184 102.400 0.215
201809 -0.034 102.600 -0.040
201812 0.271 102.300 0.317
201903 0.160 102.800 0.186
201906 0.199 103.100 0.231
201909 0.386 102.900 0.449
201912 0.592 102.800 0.689
202003 0.281 102.900 0.327
202006 0.163 102.900 0.190
202009 0.349 102.300 0.408
202012 0.663 102.600 0.774
202103 0.320 103.700 0.369
202106 0.385 104.200 0.442
202109 0.295 104.900 0.337
202112 0.535 106.600 0.601
202203 0.329 110.400 0.357
202206 0.354 112.500 0.377
202209 0.278 114.200 0.291
202212 0.553 119.000 0.556
202303 0.309 118.800 0.311
202306 0.249 119.700 0.249
202309 0.114 120.300 0.113
202312 0.206 119.700 0.206

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.


Amplifon SpA  (MIL:AMP) 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.


Amplifon SpA Cyclically Adjusted Price-to-FCF Related Terms

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


Amplifon SpA (MIL:AMP) Business Description

Industry
Traded in Other Exchanges
Address
Via Ripamonti, 133, Milano, ITA, 20141
Amplifon SpA provides customizable hearing solutions and services through a distribution network of network affiliates, corporate shops, franchises, and shop-in-shops. Amplifon operates in three segments based on geography: the Americas; Europe, the Middle East, and Africa; and Asia-Pacific. It generates the majority of its revenue in the EMEA region. Amplifon operates under a variety of brands in these regions, including Amplifon, Beter Horen, Maxtone, and Miracle-Ear. The majority of Amplifon's direct points of sale are in Italy.