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iA Financial (TSX:IAG) Cyclically Adjusted Price-to-FCF : 16.96 (As of Jun. 09, 2024)


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What is iA Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), iA Financial's current share price is C$87.15. iA Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$5.14. iA Financial's Cyclically Adjusted Price-to-FCF for today is 16.96.

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

TSX:IAG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.75   Med: 10.15   Max: 30.03
Current: 16.96

During the past years, iA Financial's highest Cyclically Adjusted Price-to-FCF was 30.03. The lowest was 4.75. And the median was 10.15.

TSX:IAG's Cyclically Adjusted Price-to-FCF is ranked worse than
70.95% of 327 companies
in the Insurance industry
Industry Median: 10.97 vs TSX:IAG: 16.96

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.

iA Financial's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$2.930. 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 C$5.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


iA Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for iA Financial'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.

iA Financial Cyclically Adjusted Price-to-FCF Chart

iA Financial 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 18.46 12.34 21.57 24.09 19.18

iA Financial 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 18.37 19.00 18.62 19.18 16.37

Competitive Comparison of iA Financial's Cyclically Adjusted Price-to-FCF

For the Insurance - Diversified subindustry, iA Financial'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.


iA Financial's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



iA Financial 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.

iA Financial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=87.15/5.14
=16.96

* 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.

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

For example, iA Financial'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)
=2.93/126.2576*126.2576
=2.930

Current CPI (Mar. 2024) = 126.2576.

iA Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.427 99.473 0.542
201409 0.148 99.394 0.188
201412 1.424 98.367 1.828
201503 -1.192 99.789 -1.508
201506 0.540 100.500 0.678
201509 1.508 100.421 1.896
201512 3.713 99.947 4.690
201603 -0.321 101.054 -0.401
201606 1.204 102.002 1.490
201609 -0.699 101.765 -0.867
201612 -2.010 101.449 -2.502
201703 -0.355 102.634 -0.437
201706 1.692 103.029 2.073
201709 5.589 103.345 6.828
201712 -2.056 103.345 -2.512
201803 -2.370 105.004 -2.850
201806 0.045 105.557 0.054
201809 4.573 105.636 5.466
201812 -0.336 105.399 -0.402
201903 0.167 106.979 0.197
201906 2.804 107.690 3.287
201909 -1.850 107.611 -2.171
201912 1.383 107.769 1.620
202003 15.607 107.927 18.258
202006 -5.393 108.401 -6.281
202009 3.421 108.164 3.993
202012 2.093 108.559 2.434
202103 -4.963 110.298 -5.681
202106 0.343 111.720 0.388
202109 1.833 112.905 2.050
202112 2.157 113.774 2.394
202203 -0.546 117.646 -0.586
202206 1.009 120.806 1.055
202209 -0.547 120.648 -0.572
202212 3.121 120.964 3.258
202303 5.571 122.702 5.732
202306 1.922 124.203 1.954
202309 -1.806 125.230 -1.821
202312 4.660 125.072 4.704
202403 2.930 126.258 2.930

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.


iA Financial  (TSX:IAG) 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.


iA Financial Cyclically Adjusted Price-to-FCF Related Terms

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


iA Financial (TSX:IAG) Business Description

Traded in Other Exchanges
Address
1080, Grande Allee Ouest, PO Box 1907, Station Terminus, Quebec, QC, CAN, G1K 7M3
iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and U.S Operations.
Executives
Alain Bergeron Senior Officer

iA Financial (TSX:IAG) Headlines