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Health Net (Health Net) Cyclically Adjusted FCF per Share : $0.00 (As of Dec. 2015)


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What is Health Net Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Health Net's adjusted free cash flow per share for the three months ended in Dec. 2015 was $-1.958. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.00 for the trailing ten years ended in Dec. 2015.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-05-05), Health Net's current stock price is $67.19. Health Net's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2015 was $0.00. Health Net's Cyclically Adjusted Price-to-FCF of today is .


Health Net Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Health Net's Cyclically Adjusted FCF per Share 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.

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Health Net Cyclically Adjusted FCF per Share Chart

Health Net Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted FCF per Share
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Health Net Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
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Competitive Comparison of Health Net's Cyclically Adjusted FCF per Share

For the Healthcare Plans subindustry, Health Net'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.


Health Net's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Plans Industry

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

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



Health Net Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Health Net's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2015 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2015 (Change)*Current CPI (Dec. 2015)
=-1.958/99.7924*99.7924
=-1.958

Current CPI (Dec. 2015) = 99.7924.

Health Net Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200603 1.743 84.298 2.063
200606 -0.255 85.606 -0.297
200609 -0.726 85.606 -0.846
200612 0.974 85.142 1.142
200703 2.827 86.640 3.256
200706 1.065 87.906 1.209
200709 -1.311 87.964 -1.487
200712 2.105 88.616 2.370
200803 -1.209 90.090 -1.339
200806 -1.298 92.320 -1.403
200809 0.791 92.307 0.855
200812 -0.618 88.697 -0.695
200903 -0.102 89.744 -0.113
200906 -0.568 91.003 -0.623
200909 1.409 91.120 1.543
200912 1.403 91.111 1.537
201003 1.213 91.821 1.318
201006 -0.218 91.962 -0.237
201009 -1.085 92.162 -1.175
201012 2.799 92.474 3.021
201103 -2.225 94.283 -2.355
201106 -1.205 95.235 -1.263
201109 5.734 95.727 5.978
201112 -1.689 95.213 -1.770
201203 -0.136 96.783 -0.140
201206 1.160 96.819 1.196
201209 -2.276 97.633 -2.326
201212 0.721 96.871 0.743
201303 -0.520 98.209 -0.528
201306 -1.490 98.518 -1.509
201309 3.560 98.790 3.596
201312 -1.105 98.326 -1.121
201403 3.633 99.695 3.637
201406 -0.323 100.560 -0.321
201409 7.098 100.428 7.053
201412 -1.526 99.070 -1.537
201503 10.864 99.621 10.883
201506 -3.575 100.684 -3.543
201509 -0.617 100.392 -0.613
201512 -1.958 99.792 -1.958

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Health Net  (NYSE:HNT) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Health Net Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Health Net's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Health Net (Health Net) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Health Net Inc was incorporated in the state of Delaware on 1990. The Company is an integrated managed care organization that delivers managed health care services. The Company's health plans and government contracts subsidiaries provide health benefits through its health maintenance organizations (HMOs), insured preferred provider organizations (PPOs) and point of service (POS). Its subsidiaries also offer managed health care products related to behavioral health and prescription drugs. The Company also owns health and life insurance companies licensed to sell exclusive provider organization (EPO), PPO, POS and indemnity products as well as auxiliary non-health products such as life and accidental death and dismemberment, dental, vision, behavioral health and disability insurance. These products are offered by its health and life insurance subsidiaries, which are licensed to sell insurance in approximately 49 states and the District of Columbia. It operates within three reportable segments: West Operations, Northeast Operations and Government Contracts. The Company's West Operations segment includes the operations of its commercial, Medicare and Medicaid health plans, the operations of its health and life insurance companies and its behavioral health and pharmaceutical services subsidiaries in Arizona, California and Oregon. The Company offers a full spectrum of managed health care products and services. It offers a range of Medicare products, including Medicare Advantage plans with and without prescription drug coverage, Medicare Part D stand-alone prescription drug plans ('PDP'), and Medicare supplement products that supplement traditional fee-for-service Medicare coverage. Its portfolio of Medicare Advantage plans focuses on simplicity so that members can sign up and use benefits with minimal paperwork and receive coverage that starts immediately upon enrollment. The Company provides ASO products to large employer groups in California. Its Government Contracts segment includes its TRICARE contract for the North Region and other health care-related government contracts that it administers for the U.S. Department of Defense (the 'Department of Defense') and the U.S. Department of Veterans Affairs. Certain components of these contracts are subcontracted to unrelated third parties. Its wholly-owned subsidiary, Health Net Federal Services, LLC ('HNFS'), administers a large managed care federal contract with the Department of Defense under the TRICARE program in the North Region. The Company maintains a network of qualified physicians, hospitals and other health care providers in each of the states in which it offers network based managed care products and services. It markets its products and services to individuals and employer groups through inside sales staff, independent brokers, agents and consultants and through the Internet. The Company operates in a highly competitive environment in an industry. Its health plans face subst
Executives
Mary Anne Citrino director 345 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10154
Craver Theodore F Jr director DUKE ENERGY CORPORATION, 550 SOUTH TRYON STREET - DEC45A, CHARLOTTE NC 28202
Kathleen Alyce Waters officer: SVP, Gen. Counsel & Secretary C/O DAVITA INC., 2000 16TH STREET, DENVER CO 80202
Jay M Gellert director, officer: President, CEO 6520 PLATT AVENUE, #695, WEST HILL CA 91307
Gale S Fitzgerald director 800 DELEWARE AVE, COMPUTER TASK GROUP INC, BUFFALO NY 14209
James Woys officer: EVP, CFO and COO 21650 OXNARD STREET, 22ND FLOOR, WOODLAND HILLS CA 91367
Patrick Foley director C/O GLENBOROUGH REALTY TRUST, 400 SOUTH EL CAMINO REAL, SAN MATEO CA 94402
Steven H Nelson officer: President Health Net of the NE 21650 OXNARD STREET, WOODLAND HILLS CA 91367
Anthony S Piszel officer: EVP & Chief Financial Officer C/O PRUDENTIAL FINANCIAL INC, 751 BROAD ST 4TH FL, NEWARK NJ 07102
Maurice Hebert officer: Corporate Controller C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634
Richard W Hanselman director 21650 OXNARD STREET, 22ND FLOOR, WOODLAND HILLS CA 91367
J Thomas Bouchard director 5301 N IRONWOOD RD, MILWAUKEE WI 53217

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