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Assurant (LTS:0HIN) Cyclically Adjusted FCF per Share : $11.53 (As of Mar. 2024)


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What is Assurant 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.

Assurant's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.600. 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 $11.53 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 5.60% 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 Assurant was 18.50% per year. The lowest was -6.00% per year. And the median was 5.00% per year.

As of today (2024-05-26), Assurant's current stock price is $168.5347. Assurant's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $11.53. Assurant's Cyclically Adjusted Price-to-FCF of today is 14.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Assurant was 19.10. The lowest was 7.14. And the median was 14.14.


Assurant Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Assurant'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.

Assurant Cyclically Adjusted FCF per Share Chart

Assurant 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 8.12 9.59 10.30 11.09 11.39

Assurant 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 11.49 11.57 11.52 11.39 11.53

Competitive Comparison of Assurant's Cyclically Adjusted FCF per Share

For the Insurance - Specialty subindustry, Assurant'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.


Assurant's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Assurant 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, Assurant'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)
=0.6/131.7762*131.7762
=0.600

Current CPI (Mar. 2024) = 131.7762.

Assurant Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.589 100.560 2.082
201409 3.079 100.428 4.040
201412 -2.013 99.070 -2.678
201503 -2.824 99.621 -3.736
201506 4.426 100.684 5.793
201509 4.929 100.392 6.470
201512 -4.777 99.792 -6.308
201603 -5.595 100.470 -7.338
201606 -0.043 101.688 -0.056
201609 3.891 101.861 5.034
201612 2.706 101.863 3.501
201703 0.166 102.862 0.213
201706 -0.735 103.349 -0.937
201709 6.500 104.136 8.225
201712 2.641 104.011 3.346
201803 -1.701 105.290 -2.129
201806 3.954 106.317 4.901
201809 4.099 106.507 5.072
201812 2.802 105.998 3.483
201903 3.258 107.251 4.003
201906 6.948 108.070 8.472
201909 6.949 108.329 8.453
201912 3.325 108.420 4.041
202003 -2.263 108.902 -2.738
202006 6.157 108.767 7.459
202009 9.507 109.815 11.408
202012 6.385 109.897 7.656
202103 -7.418 111.754 -8.747
202106 14.711 114.631 16.911
202109 -0.809 115.734 -0.921
202112 3.428 117.630 3.840
202203 -9.651 121.301 -10.484
202206 2.305 125.017 2.430
202209 11.121 125.227 11.703
202212 4.180 125.222 4.399
202303 3.933 127.348 4.070
202306 2.524 128.729 2.584
202309 5.212 129.860 5.289
202312 5.746 129.419 5.851
202403 0.600 131.776 0.600

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


Assurant  (LTS:0HIN) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=168.5347/11.53
=14.62

* 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 Assurant was 19.10. The lowest was 7.14. And the median was 14.14.


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.


Assurant Cyclically Adjusted FCF per Share Related Terms

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


Assurant (LTS:0HIN) Business Description

Industry
Traded in Other Exchanges
Address
260 Interstate North Circle SE, Atlanta, GA, USA, 30339
Assurant Inc offers a range of property-casualty, health, employee benefit, and warranty insurance to a client base made up of individuals and institutions. Its segments are Global Housing, Global Lifestyle, Corporate and Other. Global Housing provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance; renters insurance and related products; and voluntary manufactured housing insurance, voluntary homeowners insurance and other specialty products. Global Lifestyle, the key revenue-generating segment, provides mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances; vehicle protection; and credit protection and other insurance products.

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