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Swiss Life Holding AG (LTS:0QMG) Cyclically Adjusted Price-to-FCF : 22.13 (As of May. 23, 2024)


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What is Swiss Life Holding AG Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Swiss Life Holding AG's current share price is CHF617.40. Swiss Life Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was CHF27.90. Swiss Life Holding AG's Cyclically Adjusted Price-to-FCF for today is 22.13.

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

LTS:0QMG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.06   Med: 28.1   Max: 102.67
Current: 22.35

During the past 13 years, Swiss Life Holding AG's highest Cyclically Adjusted Price-to-FCF was 102.67. The lowest was 18.06. And the median was 28.10.

LTS:0QMG's Cyclically Adjusted Price-to-FCF is ranked worse than
76.36% of 313 companies
in the Insurance industry
Industry Median: 11.43 vs LTS:0QMG: 22.35

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.

Swiss Life Holding AG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was CHF26.383. 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 CHF27.90 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swiss Life Holding AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Swiss Life Holding AG'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.

Swiss Life Holding AG Cyclically Adjusted Price-to-FCF Chart

Swiss Life Holding AG 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 41.31 26.56 24.14 21.69 20.83

Swiss Life Holding AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 24.14 - 21.69 - 20.83

Competitive Comparison of Swiss Life Holding AG's Cyclically Adjusted Price-to-FCF

For the Insurance - Diversified subindustry, Swiss Life Holding AG'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.


Swiss Life Holding AG's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

* The bar in red indicates where Swiss Life Holding AG's Cyclically Adjusted Price-to-FCF falls into.



Swiss Life Holding AG 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.

Swiss Life Holding AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=617.40/27.9
=22.13

* 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.

Swiss Life Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Swiss Life Holding AG'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)
=26.383/106.4612*106.4612
=26.383

Current CPI (Dec23) = 106.4612.

Swiss Life Holding AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 16.409 100.704 17.347
201512 -21.662 99.386 -23.204
201612 53.197 99.380 56.988
201712 5.824 100.213 6.187
201812 77.434 100.906 81.697
201912 60.465 101.063 63.695
202012 13.192 100.241 14.011
202112 6.630 101.776 6.935
202212 29.764 104.666 30.274
202312 26.383 106.461 26.383

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.


Swiss Life Holding AG  (LTS:0QMG) 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.


Swiss Life Holding AG Cyclically Adjusted Price-to-FCF Related Terms

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


Swiss Life Holding AG (LTS:0QMG) Business Description

Address
General-Guisan-Quai 40, P.O. Box 2831, Zurich, CHE, CH-8022
Swiss Life is predominantly a life and long-term savings company that generates the main share of its revenue and earnings from its domestic market of Switzerland. The company also operates in France, Germany, and a few smaller, but wealthy European markets. The company also has an asset manager. Swiss Life has three main sources of income that vary in importance by geography. Savings income relates to spread-based earnings, the risk result relates to an insurance margin, and the fee result relates to asset management and its financial advisor network. The fee result has been growing in importance over recent years as a result of advice, unit-linked sales, and third-party asset management.

Swiss Life Holding AG (LTS:0QMG) Headlines

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