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The Cigna Group (FRA:CGN) Cyclically Adjusted Price-to-FCF : 15.75 (As of May. 15, 2024)


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What is The Cigna Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), The Cigna Group's current share price is €322.15. The Cigna Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €20.46. The Cigna Group's Cyclically Adjusted Price-to-FCF for today is 15.75.

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

FRA:CGN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.5   Med: 20.97   Max: 41.19
Current: 15.62

During the past years, The Cigna Group's highest Cyclically Adjusted Price-to-FCF was 41.19. The lowest was 12.50. And the median was 20.97.

FRA:CGN's Cyclically Adjusted Price-to-FCF is ranked worse than
53.85% of 13 companies
in the Healthcare Plans industry
Industry Median: 15.62 vs FRA:CGN: 15.62

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.

The Cigna Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €14.580. 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 €20.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Cigna Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Cigna Group'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.

The Cigna Group Cyclically Adjusted Price-to-FCF Chart

The Cigna Group 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 20.21 17.10 15.96 19.69 14.41

The Cigna Group 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 13.40 14.03 13.82 14.41 16.38

Competitive Comparison of The Cigna Group's Cyclically Adjusted Price-to-FCF

For the Healthcare Plans subindustry, The Cigna Group'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.


The Cigna Group's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, The Cigna Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



The Cigna Group 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.

The Cigna Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=322.15/20.46
=15.75

* 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.

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

For example, The Cigna Group'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)
=14.58/129.4194*129.4194
=14.580

Current CPI (Mar. 2024) = 129.4194.

The Cigna Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.017 100.560 1.309
201409 1.039 100.428 1.339
201412 1.728 99.070 2.257
201503 2.200 99.621 2.858
201506 1.079 100.684 1.387
201509 1.720 100.392 2.217
201512 3.464 99.792 4.492
201603 2.800 100.470 3.607
201606 0.700 101.688 0.891
201609 6.188 101.861 7.862
201612 2.729 101.863 3.467
201703 5.356 102.862 6.739
201706 2.081 103.349 2.606
201709 3.606 104.136 4.482
201712 1.506 104.011 1.874
201803 6.342 105.290 7.795
201806 3.068 106.317 3.735
201809 1.759 106.507 2.137
201812 -0.190 105.998 -0.232
201903 6.993 107.251 8.438
201906 1.723 108.070 2.063
201909 5.373 108.329 6.419
201912 5.773 108.420 6.891
202003 3.958 108.902 4.704
202006 7.295 108.767 8.680
202009 1.487 109.815 1.752
202012 9.050 109.897 10.658
202103 2.031 111.754 2.352
202106 -1.252 114.631 -1.414
202109 4.454 115.734 4.981
202112 10.665 117.630 11.734
202203 4.923 121.301 5.252
202206 2.762 125.017 2.859
202209 9.672 125.227 9.996
202212 5.423 125.222 5.605
202303 14.432 127.348 14.667
202306 6.566 128.729 6.601
202309 7.641 129.860 7.615
202312 3.431 129.419 3.431
202403 14.580 129.419 14.580

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.


The Cigna Group  (FRA:CGN) 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.


The Cigna Group Cyclically Adjusted Price-to-FCF Related Terms

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The Cigna Group (FRA:CGN) Business Description

Industry
Traded in Other Exchanges
Address
900 Cottage Grove Road, Bloomfield, CT, USA, 06002
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 18 million U.S. medical members covered as of the end of June 2023.

The Cigna Group (FRA:CGN) Headlines

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