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Sun Life Financial (PHS:SLF) Cyclically Adjusted FCF per Share : ₱234.20 (As of Mar. 2024)


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What is Sun Life Financial 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.

Sun Life Financial's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₱-187.191. 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 ₱234.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sun Life Financial's average Cyclically Adjusted FCF Growth Rate was 14.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.00% 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 Sun Life Financial was 19.20% per year. The lowest was -16.90% per year. And the median was 6.25% per year.

As of today (2024-06-09), Sun Life Financial's current stock price is ₱2700.00. Sun Life Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱234.20. Sun Life Financial's Cyclically Adjusted Price-to-FCF of today is 11.53.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sun Life Financial was 25.55. The lowest was 10.38. And the median was 14.63.


Sun Life Financial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sun Life Financial'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.

Sun Life Financial Cyclically Adjusted FCF per Share Chart

Sun Life Financial 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 108.19 173.85 171.06 214.70 244.61

Sun Life Financial 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 196.34 201.42 218.92 244.61 234.20

Competitive Comparison of Sun Life Financial's Cyclically Adjusted FCF per Share

For the Insurance - Diversified subindustry, Sun Life Financial'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.


Sun Life Financial's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Sun Life Financial 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, Sun Life Financial'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)
=-187.191/126.2576*126.2576
=-187.191

Current CPI (Mar. 2024) = 126.2576.

Sun Life Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 63.305 99.473 80.351
201409 80.270 99.394 101.965
201412 -5.243 98.367 -6.730
201503 65.608 99.789 83.010
201506 42.219 100.500 53.039
201509 88.955 100.421 111.841
201512 117.536 99.947 148.476
201603 21.641 101.054 27.039
201606 95.938 102.002 118.752
201609 44.035 101.765 54.633
201612 94.303 101.449 117.365
201703 -46.876 102.634 -57.666
201706 90.759 103.029 111.222
201709 45.616 103.345 55.730
201712 44.830 103.345 54.769
201803 31.770 105.004 38.200
201806 27.435 105.557 32.815
201809 80.358 105.636 96.045
201812 132.441 105.399 158.651
201903 -91.842 106.979 -108.393
201906 139.023 107.690 162.992
201909 12.158 107.611 14.265
201912 119.561 107.769 140.072
202003 -13.724 107.927 -16.055
202006 225.060 108.401 262.133
202009 234.610 108.164 273.855
202012 87.239 108.559 101.461
202103 -80.750 110.298 -92.434
202106 19.480 111.720 22.015
202109 68.031 112.905 76.077
202112 -157.341 113.774 -174.605
202203 -38.551 117.646 -41.373
202206 154.520 120.806 161.493
202209 137.851 120.648 144.261
202212 67.126 120.964 70.064
202303 -3.494 122.702 -3.595
202306 18.517 124.203 18.823
202309 136.706 125.230 137.827
202312 253.173 125.072 255.572
202403 -187.191 126.258 -187.191

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


Sun Life Financial  (PHS:SLF) 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.

Sun Life Financial's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2700.00/234.2
=11.53

* 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 Sun Life Financial was 25.55. The lowest was 10.38. And the median was 14.63.


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.


Sun Life Financial Cyclically Adjusted FCF per Share Related Terms

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


Sun Life Financial (PHS:SLF) Business Description

Address
1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6
Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 38% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the second quarter of 2023. The Canada business contributes about 32% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributes approximately 14% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 16% of earnings.