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The People's Insurance Co (Group) of China (HKSE:01339) Cyclically Adjusted Price-to-FCF : 3.64 (As of May. 22, 2024)


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What is The People's Insurance Co (Group) of China Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), The People's Insurance Co (Group) of China's current share price is HK$2.91. The People's Insurance Co (Group) of China's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.80. The People's Insurance Co (Group) of China's Cyclically Adjusted Price-to-FCF for today is 3.64.

The historical rank and industry rank for The People's Insurance Co (Group) of China's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:01339' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.95   Med: 3.13   Max: 3.61
Current: 3.61

During the past 13 years, The People's Insurance Co (Group) of China's highest Cyclically Adjusted Price-to-FCF was 3.61. The lowest was 2.95. And the median was 3.13.

HKSE:01339's Cyclically Adjusted Price-to-FCF is ranked better than
83.49% of 327 companies
in the Insurance industry
Industry Median: 11.15 vs HKSE:01339: 3.61

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 People's Insurance Co (Group) of China's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$1.656. 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 HK$0.80 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


The People's Insurance Co (Group) of China Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The People's Insurance Co (Group) of China'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 People's Insurance Co (Group) of China Cyclically Adjusted Price-to-FCF Chart

The People's Insurance Co (Group) of China 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 - 2.66 2.70 3.13 3.00

The People's Insurance Co (Group) of China Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 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 - - - 3.00 -

Competitive Comparison of The People's Insurance Co (Group) of China's Cyclically Adjusted Price-to-FCF

For the Insurance - Property & Casualty subindustry, The People's Insurance Co (Group) of China'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 People's Insurance Co (Group) of China's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.91/0.8
=3.64

* 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 People's Insurance Co (Group) of China's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, The People's Insurance Co (Group) of China's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.656/114.7809*114.7809
=1.656

Current CPI (Dec23) = 114.7809.

The People's Insurance Co (Group) of China Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.012 99.000 -0.014
201512 0.579 100.600 0.661
201612 0.630 102.600 0.705
201712 -0.017 104.500 -0.019
201812 -0.448 106.500 -0.483
201912 0.926 111.200 0.956
202012 0.854 111.500 0.879
202112 2.014 113.108 2.044
202212 1.630 115.116 1.625
202312 1.656 114.781 1.656

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 People's Insurance Co (Group) of China  (HKSE:01339) 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 People's Insurance Co (Group) of China Cyclically Adjusted Price-to-FCF Related Terms

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The People's Insurance Co (Group) of China (HKSE:01339) Business Description

Traded in Other Exchanges
Address
No. 88, West Chang’an Avenue, 1st-13th Floor, Xi Cheng District, Beijing, CHN, 100031
Headquartered in Beijing, PICC Group is the largest state-owned insurance group, holding a 69% stake in PICC P&C, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. Its P&C subsidiary is the largest nonlife insurer with about one third of market share in China. Life and health insurance subsidiaries hold about 2.9% and 1.3% share, respectively. The Ministry of Finance is the largest shareholder, with 61% share. China's Social Security Fund is the group's second-largest shareholder holding nearly 13% share.

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