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Heritage Insurance Holdings (FRA:11H) Cyclically Adjusted Price-to-FCF : 2.27 (As of Jun. 02, 2024)


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What is Heritage Insurance Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), Heritage Insurance Holdings's current share price is €7.75. Heritage Insurance Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.41. Heritage Insurance Holdings's Cyclically Adjusted Price-to-FCF for today is 2.27.

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

FRA:11H' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.34   Med: 1.25   Max: 2.87
Current: 2.31

During the past years, Heritage Insurance Holdings's highest Cyclically Adjusted Price-to-FCF was 2.87. The lowest was 0.34. And the median was 1.25.

FRA:11H's Cyclically Adjusted Price-to-FCF is ranked better than
91.4% of 314 companies
in the Insurance industry
Industry Median: 11.44 vs FRA:11H: 2.31

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.

Heritage Insurance Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.123. 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 €3.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heritage Insurance Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Heritage Insurance Holdings'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.

Heritage Insurance Holdings Cyclically Adjusted Price-to-FCF Chart

Heritage Insurance Holdings 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 - - - 0.48 1.76

Heritage Insurance Holdings 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 0.79 0.97 1.88 1.76 2.89

Competitive Comparison of Heritage Insurance Holdings's Cyclically Adjusted Price-to-FCF

For the Insurance - Property & Casualty subindustry, Heritage Insurance Holdings'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.


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

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

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



Heritage Insurance Holdings 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.

Heritage Insurance Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.75/3.41
=2.27

* 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.

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

For example, Heritage Insurance Holdings'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)
=0.123/131.7762*131.7762
=0.123

Current CPI (Mar. 2024) = 131.7762.

Heritage Insurance Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.295 100.560 0.387
201409 0.377 100.428 0.495
201412 3.775 99.070 5.021
201503 2.191 99.621 2.898
201506 0.377 100.684 0.493
201509 0.937 100.392 1.230
201512 1.076 99.792 1.421
201603 1.657 100.470 2.173
201606 1.396 101.688 1.809
201609 -0.147 101.861 -0.190
201612 -0.538 101.863 -0.696
201703 0.125 102.862 0.160
201706 0.912 103.349 1.163
201709 2.095 104.136 2.651
201712 -3.148 104.011 -3.988
201803 -0.371 105.290 -0.464
201806 1.957 106.317 2.426
201809 0.360 106.507 0.445
201812 1.154 105.998 1.435
201903 2.436 107.251 2.993
201906 -0.283 108.070 -0.345
201909 1.223 108.329 1.488
201912 0.108 108.420 0.131
202003 2.714 108.902 3.284
202006 1.465 108.767 1.775
202009 -0.421 109.815 -0.505
202012 1.526 109.897 1.830
202103 1.171 111.754 1.381
202106 1.885 114.631 2.167
202109 -1.002 115.734 -1.141
202112 -0.326 117.630 -0.365
202203 -1.335 121.301 -1.450
202206 -0.461 125.017 -0.486
202209 1.086 125.227 1.143
202212 -0.832 125.222 -0.876
202303 0.457 127.348 0.473
202306 0.198 128.729 0.203
202309 -1.959 129.860 -1.988
202312 3.331 129.419 3.392
202403 0.123 131.776 0.123

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.


Heritage Insurance Holdings  (FRA:11H) 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.


Heritage Insurance Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Heritage Insurance Holdings (FRA:11H) Business Description

Traded in Other Exchanges
Address
1401 N. Westshore Boulevard, Tampa, FL, USA, 33607
Heritage Insurance Holdings Inc is a regional property and casualty insurance company that offers a variety of personal and commercial insurance products. Through its subsidiaries, Heritage Property & Casualty Insurance, Narragansett Bay Insurance, and Zephyr Insurance, the company issues personal residential property insurance in more than 10 states in the United States. It also offers commercial residential insurance primarily for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally.

Heritage Insurance Holdings (FRA:11H) Headlines

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