GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » White Mountains Insurance Group Ltd (FRA:WNI) » Definitions » Cyclically Adjusted FCF per Share

White Mountains Insurance Group (FRA:WNI) Cyclically Adjusted FCF per Share : €17.59 (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is White Mountains Insurance Group 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.

White Mountains Insurance Group's adjusted free cash flow per share for the three months ended in Mar. 2024 was €13.267. 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 €17.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, White Mountains Insurance Group's average Cyclically Adjusted FCF Growth Rate was 175.00% 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 White Mountains Insurance Group was 68.60% per year. The lowest was -240.60% per year. And the median was -5.50% per year.

As of today (2024-06-03), White Mountains Insurance Group's current stock price is €1630.00. White Mountains Insurance Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €17.59. White Mountains Insurance Group's Cyclically Adjusted Price-to-FCF of today is 92.67.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of White Mountains Insurance Group was 18777.40. The lowest was 87.73. And the median was 186.33.


White Mountains Insurance Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for White Mountains Insurance Group'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.

White Mountains Insurance Group Cyclically Adjusted FCF per Share Chart

White Mountains Insurance Group 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 -8.45 -9.70 -11.48 -0.27 15.17

White Mountains Insurance Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.40 9.17 13.85 15.17 17.59

Competitive Comparison of White Mountains Insurance Group's Cyclically Adjusted FCF per Share

For the Insurance - Property & Casualty subindustry, White Mountains Insurance Group'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.


White Mountains Insurance Group's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, White Mountains Insurance Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where White Mountains Insurance Group's Cyclically Adjusted Price-to-FCF falls into.



White Mountains Insurance Group 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, White Mountains Insurance Group'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)
=13.267/131.7762*131.7762
=13.267

Current CPI (Mar. 2024) = 131.7762.

White Mountains Insurance Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.118 100.560 2.775
201409 10.931 100.428 14.343
201412 -0.658 99.070 -0.875
201503 -7.398 99.621 -9.786
201506 3.104 100.684 4.063
201509 13.221 100.392 17.354
201512 -22.235 99.792 -29.361
201603 -7.725 100.470 -10.132
201606 -13.294 101.688 -17.228
201609 -9.834 101.861 -12.722
201612 -1.563 101.863 -2.022
201703 -11.356 102.862 -14.548
201706 -2.247 103.349 -2.865
201709 0.356 104.136 0.450
201712 0.458 104.011 0.580
201803 -9.793 105.290 -12.257
201806 4.872 106.317 6.039
201809 -1.365 106.507 -1.689
201812 -0.168 105.998 -0.209
201903 -11.584 107.251 -14.233
201906 12.088 108.070 14.740
201909 -21.472 108.329 -26.119
201912 -13.749 108.420 -16.711
202003 -17.029 108.902 -20.606
202006 6.057 108.767 7.338
202009 14.182 109.815 17.018
202012 -19.563 109.897 -23.458
202103 -25.408 111.754 -29.960
202106 17.171 114.631 19.739
202109 9.522 115.734 10.842
202112 9.771 117.630 10.946
202203 -12.658 121.301 -13.751
202206 26.183 125.017 27.599
202209 41.376 125.227 43.540
202212 77.555 125.222 81.614
202303 31.489 127.348 32.584
202306 25.990 128.729 26.605
202309 82.781 129.860 84.003
202312 8.904 129.419 9.066
202403 13.267 131.776 13.267

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


White Mountains Insurance Group  (FRA:WNI) 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.

White Mountains Insurance Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1630.00/17.59
=92.67

* 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 White Mountains Insurance Group was 18777.40. The lowest was 87.73. And the median was 186.33.


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.


White Mountains Insurance Group Cyclically Adjusted FCF per Share Related Terms

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


White Mountains Insurance Group (FRA:WNI) Business Description

Traded in Other Exchanges
Address
23 South Main Street, Suite 3B, Hanover, NH, USA, 03755-2053
White Mountains Insurance Group Ltd is engaged in the business of making opportunistic and value-oriented acquisitions of businesses and assets in the insurance, financial services and related sectors, operating these businesses and assets through its subsidiaries and, if and when attractive exit valuations become available, disposing of these businesses and assets. The company conducts its business in four areas: municipal bond insurance, property and casualty insurance and reinsurance, capital solutions for asset and wealth management firms and other operations. White Mountains's municipal bond insurance business is conducted through its subsidiary HG Global Ltd. and its reinsurance subsidiary HG Re Ltd.

White Mountains Insurance Group (FRA:WNI) Headlines

No Headlines