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Ocugen (MEX:OCGN) Cyclically Adjusted Price-to-FCF : (As of Sep. 13, 2024)


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What is Ocugen Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ocugen Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ocugen'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.

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Ocugen Cyclically Adjusted Price-to-FCF Chart

Ocugen Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ocugen Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of Ocugen's Cyclically Adjusted Price-to-FCF

For the Biotechnology subindustry, Ocugen'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.


Ocugen's Cyclically Adjusted Price-to-FCF Distribution in the Biotechnology Industry

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

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



Ocugen 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.

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

For example, Ocugen's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.742/132.5538*132.5538
=-0.742

Current CPI (Jun. 2024) = 132.5538.

Ocugen Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -311.728 100.428 -411.447
201412 -444.714 99.070 -595.021
201503 -665.514 99.621 -885.519
201506 -561.355 100.684 -739.043
201509 -564.285 100.392 -745.064
201512 -554.597 99.792 -736.669
201603 -613.240 100.470 -809.067
201606 -571.122 101.688 -744.476
201609 -475.721 101.861 -619.065
201612 -412.061 101.863 -536.214
201703 -380.811 102.862 -490.734
201706 -276.857 103.349 -355.092
201709 -279.170 104.136 -355.354
201712 -219.128 104.011 -279.261
201803 80.041 105.290 100.767
201806 -274.520 106.317 -342.266
201809 -230.720 106.507 -287.144
201812 -133.134 105.998 -166.488
201903 -122.840 107.251 -151.821
201906 -37.237 108.070 -45.673
201909 10.470 108.329 12.811
201912 -3.134 108.420 -3.832
202003 -2.111 108.902 -2.569
202006 -0.848 108.767 -1.033
202009 -0.417 109.815 -0.503
202012 -0.490 109.897 -0.591
202103 -0.608 111.754 -0.721
202106 -2.246 114.631 -2.597
202109 -0.856 115.734 -0.980
202112 -1.338 117.630 -1.508
202203 -1.480 121.301 -1.617
202206 -1.413 125.017 -1.498
202209 -1.407 125.227 -1.489
202212 -1.677 125.222 -1.775
202303 -1.587 127.348 -1.652
202306 -1.553 128.729 -1.599
202309 -1.159 129.860 -1.183
202312 -0.928 129.419 -0.950
202403 -0.835 131.776 -0.840
202406 -0.742 132.554 -0.742

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.


Ocugen  (MEX:OCGN) 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.


Ocugen Cyclically Adjusted Price-to-FCF Related Terms

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Ocugen Business Description

Industry
Traded in Other Exchanges
Address
11 Great Valley Parkway, Malvern, PA, USA, 19355
Ocugen Inc is a clinical-stage biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to save lives from COVID-19. The breakthrough modifier gene therapy platform has the potential to treat multiple retinal diseases with one drug one to many and novel biologic product candidate aims to offer better therapy to patients with underserved diseases such as wet age-related macular degeneration, diabetic macular edema and diabetic retinopathy. The company is co-developing Bharat Biotech's COVAXIN vaccine candidate for COVID-19 in the U.S. and Canadian markets.