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China Pacific Insurance (Group) Co (HKSE:02601) Cyclically Adjusted Price-to-FCF : 3.40 (As of Jun. 06, 2024)


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What is China Pacific Insurance (Group) Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), China Pacific Insurance (Group) Co's current share price is HK$21.00. China Pacific Insurance (Group) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was HK$6.18. China Pacific Insurance (Group) Co's Cyclically Adjusted Price-to-FCF for today is 3.40.

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

HKSE:02601' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.01   Med: 4.48   Max: 8.08
Current: 2.74

During the past years, China Pacific Insurance (Group) Co's highest Cyclically Adjusted Price-to-FCF was 8.08. The lowest was 2.01. And the median was 4.48.

HKSE:02601's Cyclically Adjusted Price-to-FCF is ranked better than
89.21% of 315 companies
in the Insurance industry
Industry Median: 11.16 vs HKSE:02601: 2.74

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 adjusted free cash flow per share data for the three months ended in Mar. 2024 was HK$5.515. 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$6.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Pacific Insurance (Group) Co Cyclically Adjusted Price-to-FCF Historical Data

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

China Pacific Insurance (Group) Co Cyclically Adjusted Price-to-FCF Chart

China Pacific Insurance (Group) Co 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 4.96 4.86 3.26 2.66 2.37

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 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 2.71 2.68 2.88 2.37 2.22

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

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 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=21.00/6.18
=3.40

* 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.

China Pacific Insurance (Group) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=5.515/115.2271*115.2271
=5.515

Current CPI (Mar. 2024) = 115.2271.

China Pacific Insurance (Group) Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.811 98.200 0.952
201409 0.821 98.900 0.957
201412 1.067 99.000 1.242
201503 0.819 99.900 0.945
201506 0.934 99.500 1.082
201509 1.327 100.500 1.521
201512 1.999 100.600 2.290
201603 2.038 102.200 2.298
201606 0.989 101.400 1.124
201609 2.082 102.400 2.343
201612 2.241 102.600 2.517
201703 3.155 103.200 3.523
201706 1.808 103.100 2.021
201709 3.076 104.100 3.405
201712 2.454 104.500 2.706
201803 5.816 105.300 6.364
201806 1.326 104.900 1.457
201809 2.397 106.600 2.591
201812 1.708 106.500 1.848
201903 5.867 107.700 6.277
201906 2.265 107.700 2.423
201909 2.899 109.800 3.042
201912 2.533 111.200 2.625
202003 5.324 112.300 5.463
202006 2.739 110.400 2.859
202009 1.637 111.700 1.689
202012 3.005 111.500 3.105
202103 4.429 112.662 4.530
202106 2.791 111.769 2.877
202109 1.885 112.215 1.936
202112 4.041 113.108 4.117
202203 6.049 114.335 6.096
202206 4.377 114.558 4.403
202209 2.417 115.339 2.415
202212 4.169 115.116 4.173
202303 5.792 115.116 5.798
202306 4.037 114.558 4.061
202309 2.771 115.339 2.768
202312 2.792 114.781 2.803
202403 5.515 115.227 5.515

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.


China Pacific Insurance (Group) Co  (HKSE:02601) 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.


China Pacific Insurance (Group) Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of China Pacific Insurance (Group) Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


China Pacific Insurance (Group) Co (HKSE:02601) 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.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.
Schroders Plc 2102 Investment manager
The Capital Group Companies, Inc. 2201 Interest of corporation controlled by you
Schroders Plc 2102 Investment manager
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si 2101 Beneficial owner
Shang Hai Guo Ji Ji Tuan You Xian Gong Si 2101 Beneficial owner

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