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Aflac (BSP:A1FL34) Cyclically Adjusted Price-to-FCF : 9.89 (As of Jun. 01, 2024)


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What is Aflac Cyclically Adjusted Price-to-FCF?

As of today (2024-06-01), Aflac's current share price is R$433.01. Aflac's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$43.77. Aflac's Cyclically Adjusted Price-to-FCF for today is 9.89.

The historical rank and industry rank for Aflac's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:A1FL34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.69   Med: 4.5   Max: 10.31
Current: 10.3

During the past years, Aflac's highest Cyclically Adjusted Price-to-FCF was 10.31. The lowest was 2.69. And the median was 4.50.

BSP:A1FL34's Cyclically Adjusted Price-to-FCF is ranked better than
54.78% of 314 companies
in the Insurance industry
Industry Median: 11.44 vs BSP:A1FL34: 10.30

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.

Aflac's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$7.321. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$43.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aflac Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aflac's Cyclically Adjusted Price-to-FCF 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.

Aflac Cyclically Adjusted Price-to-FCF Chart

Aflac Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.32 4.43 5.79 7.75 9.54

Aflac Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 7.12 7.82 8.51 9.54 9.84

Competitive Comparison of Aflac's Cyclically Adjusted Price-to-FCF

For the Insurance - Life subindustry, Aflac'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.


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

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

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



Aflac Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Aflac's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=433.01/43.77
=9.89

* 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.

Aflac's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Aflac'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)
=7.321/131.7762*131.7762
=7.321

Current CPI (Mar. 2024) = 131.7762.

Aflac Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.724 100.560 4.880
201409 3.721 100.428 4.883
201412 5.805 99.070 7.721
201503 5.213 99.621 6.896
201506 5.887 100.684 7.705
201509 7.547 100.392 9.906
201512 9.105 99.792 12.023
201603 5.847 100.470 7.669
201606 6.292 101.688 8.154
201609 5.009 101.861 6.480
201612 7.649 101.863 9.895
201703 6.800 102.862 8.711
201706 5.809 103.349 7.407
201709 5.640 104.136 7.137
201712 6.390 104.011 8.096
201803 5.179 105.290 6.482
201806 7.607 106.317 9.429
201809 9.856 106.507 12.194
201812 6.878 105.998 8.551
201903 7.846 107.251 9.640
201906 4.186 108.070 5.104
201909 10.556 108.329 12.841
201912 6.635 108.420 8.064
202003 9.497 108.902 11.492
202006 8.556 108.767 10.366
202009 15.130 109.815 18.156
202012 9.920 109.897 11.895
202103 11.125 111.754 13.118
202106 7.104 114.631 8.167
202109 14.558 115.734 16.576
202112 7.428 117.630 8.321
202203 9.605 121.301 10.434
202206 4.002 125.017 4.218
202209 8.928 125.227 9.395
202212 8.700 125.222 9.155
202303 7.551 127.348 7.814
202306 1.586 128.729 1.624
202309 10.566 129.860 10.722
202312 6.980 129.419 7.107
202403 7.321 131.776 7.321

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


Aflac  (BSP:A1FL34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Aflac Cyclically Adjusted Price-to-FCF Related Terms

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


Aflac (BSP:A1FL34) Business Description

Industry
Traded in Other Exchanges
Address
1932 Wynnton Road, Columbus, GA, USA, 31999
Aflac Inc offers supplemental health insurance and life insurance in the two largest insurance markets in the world, the U.S. and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accident, disability, and long-term-care insurance. It markets its products through independent distributors, selling most of its policies directly to consumers at their places of work.

Aflac (BSP:A1FL34) Headlines

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