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China Pacific Insurance (Group) Co (SHSE:601601) Cyclically Adjusted FCF per Share : ¥10.37 (As of Mar. 2024)


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What is China Pacific Insurance (Group) Co 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.

China Pacific Insurance (Group) Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ¥5.077. 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 ¥10.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, China Pacific Insurance (Group) Co's average Cyclically Adjusted FCF Growth Rate was 8.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.80% 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 China Pacific Insurance (Group) Co was 11.90% per year. The lowest was 6.50% per year. And the median was 8.40% per year.

As of today (2024-05-22), China Pacific Insurance (Group) Co's current stock price is ¥29.63. China Pacific Insurance (Group) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ¥10.37. China Pacific Insurance (Group) Co's Cyclically Adjusted Price-to-FCF of today is 2.86.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of China Pacific Insurance (Group) Co was 8.08. The lowest was 2.01. And the median was 4.52.


China Pacific Insurance (Group) Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for China Pacific Insurance (Group) Co'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.

China Pacific Insurance (Group) Co Cyclically Adjusted FCF per Share Chart

China Pacific Insurance (Group) Co 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 7.63 7.89 8.33 9.22 10.04

China Pacific Insurance (Group) Co 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 9.58 9.70 9.91 10.04 10.37

Competitive Comparison of China Pacific Insurance (Group) Co's Cyclically Adjusted FCF per Share

For the Insurance - Life subindustry, China Pacific Insurance (Group) Co'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.


China Pacific Insurance (Group) Co's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, China Pacific Insurance (Group) Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where China Pacific Insurance (Group) Co's Cyclically Adjusted Price-to-FCF falls into.



China Pacific Insurance (Group) Co 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, China Pacific Insurance (Group) Co'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)
=5.077/115.2271*115.2271
=5.077

Current CPI (Mar. 2024) = 115.2271.

China Pacific Insurance (Group) Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.652 98.200 0.765
201409 0.650 98.900 0.757
201412 0.852 99.000 0.992
201503 0.659 99.900 0.760
201506 0.748 99.500 0.866
201509 1.090 100.500 1.250
201512 1.664 100.600 1.906
201603 1.708 102.200 1.926
201606 0.839 101.400 0.953
201609 1.790 102.400 2.014
201612 1.999 102.600 2.245
201703 2.801 103.200 3.127
201706 1.578 103.100 1.764
201709 2.586 104.100 2.862
201712 2.071 104.500 2.284
201803 4.686 105.300 5.128
201806 1.092 104.900 1.200
201809 2.097 106.600 2.267
201812 1.504 106.500 1.627
201903 5.017 107.700 5.368
201906 1.996 107.700 2.135
201909 2.632 109.800 2.762
201912 2.276 111.200 2.358
202003 4.814 112.300 4.939
202006 2.503 110.400 2.612
202009 1.439 111.700 1.484
202012 2.535 111.500 2.620
202103 3.713 112.662 3.798
202106 2.310 111.769 2.381
202109 1.564 112.215 1.606
202112 3.300 113.108 3.362
202203 4.906 114.335 4.944
202206 3.734 114.558 3.756
202209 2.162 115.339 2.160
202212 3.733 115.116 3.737
202303 5.085 115.116 5.090
202306 3.691 114.558 3.713
202309 2.583 115.339 2.581
202312 2.552 114.781 2.562
202403 5.077 115.227 5.077

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


China Pacific Insurance (Group) Co  (SHSE:601601) 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.

China Pacific Insurance (Group) Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=29.63/10.37
=2.86

* 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 China Pacific Insurance (Group) Co was 8.08. The lowest was 2.01. And the median was 4.52.


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.


China Pacific Insurance (Group) Co Cyclically Adjusted FCF per Share Related Terms

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China Pacific Insurance (Group) Co (SHSE:601601) Business Description

Traded in Other Exchanges
Address
1 South Zhongshan Road, Huangpu, Shanghai, CHN, 200010
China Pacific Insurance was established in 1988, with headquarter in Beijing. The company is one of the largest providers of life and general insurance products and services. It is China's third-largest life insurer and third-largest general property and casualty insurer. The company strives for an integrated financial services platform that consists of insurance, banking, and asset management.

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