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Orion Oyj (LTS:0M2O) Cyclically Adjusted FCF per Share : €1.59 (As of Jun. 2024)


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What is Orion Oyj 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.

Orion Oyj's adjusted free cash flow per share for the three months ended in Jun. 2024 was €0.083. 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 €1.59 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Orion Oyj's average Cyclically Adjusted FCF Growth Rate was -5.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.10% 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 Orion Oyj was 7.00% per year. The lowest was 3.50% per year. And the median was 4.50% per year.

As of today (2024-10-09), Orion Oyj's current stock price is €48.295. Orion Oyj's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was €1.59. Orion Oyj's Cyclically Adjusted Price-to-FCF of today is 30.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Orion Oyj was 34.60. The lowest was 19.20. And the median was 25.60.


Orion Oyj Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Orion Oyj'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.

Orion Oyj Cyclically Adjusted FCF per Share Chart

Orion Oyj 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 1.39 1.43 1.45 1.71 1.62

Orion Oyj Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.66 1.65 1.62 1.66 1.59

Competitive Comparison of Orion Oyj's Cyclically Adjusted FCF per Share

For the Drug Manufacturers - General subindustry, Orion Oyj'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.


Orion Oyj's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Orion Oyj's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Orion Oyj 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, Orion Oyj'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)
=0.083/122.2300*122.2300
=0.083

Current CPI (Jun. 2024) = 122.2300.

Orion Oyj Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.408 100.726 0.495
201412 0.379 100.229 0.462
201503 0.376 100.120 0.459
201506 0.292 100.030 0.357
201509 0.439 100.130 0.536
201512 0.397 99.990 0.485
201603 0.290 100.080 0.354
201606 0.269 100.390 0.328
201609 0.485 100.540 0.590
201612 0.386 101.020 0.467
201703 0.328 100.910 0.397
201706 0.067 101.140 0.081
201709 0.460 101.320 0.555
201712 0.226 101.510 0.272
201803 0.388 101.730 0.466
201806 0.201 102.320 0.240
201809 0.357 102.600 0.425
201812 0.217 102.710 0.258
201903 0.401 102.870 0.476
201906 0.171 103.360 0.202
201909 0.696 103.540 0.822
201912 0.400 103.650 0.472
202003 0.338 103.490 0.399
202006 0.558 103.320 0.660
202009 0.623 103.710 0.734
202012 0.329 103.890 0.387
202103 0.191 104.870 0.223
202106 0.306 105.360 0.355
202109 -0.009 106.290 -0.010
202112 0.442 107.490 0.503
202203 0.133 110.950 0.147
202206 0.225 113.570 0.242
202209 2.353 114.920 2.503
202212 -0.148 117.320 -0.154
202303 -0.355 119.750 -0.362
202306 0.112 120.690 0.113
202309 0.070 121.280 0.071
202312 0.190 121.540 0.191
202403 0.628 122.360 0.627
202406 0.083 122.230 0.083

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


Orion Oyj  (LTS:0M2O) 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.

Orion Oyj's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=48.295/1.59
=30.37

* 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 Orion Oyj was 34.60. The lowest was 19.20. And the median was 25.60.


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.


Orion Oyj Cyclically Adjusted FCF per Share Related Terms

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


Orion Oyj Business Description

Industry
Address
Orionintie 1, Espoo, FIN, FI-02200
Orion Oyj is a globally operating Finnish pharmaceutical company that develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients. The company predominantly focuses on treatments for central nervous system disorders, oncology, and respiratory diseases. Orion's customers include specialists and general practitioners, veterinarians, pharmacies, hospitals, and laboratories. Orion mainly serves Finland but also has a presence in other European countries, North America and other countries.

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