GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Swiss Life Holding AG (FRA:SLW) » Definitions » Cyclically Adjusted Price-to-FCF

Swiss Life Holding AG (FRA:SLW) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


View and export this data going back to . Start your Free Trial

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

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

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 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)
=27.689/106.4612*106.4612
=27.689

Current CPI (Dec23) = 106.4612.

Swiss Life Holding AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 13.645 100.704 14.425
201512 -19.983 99.386 -21.406
201612 49.471 99.380 52.996
201712 4.986 100.213 5.297
201812 68.621 100.906 72.399
201912 55.382 101.063 58.340
202012 12.206 100.241 12.963
202112 6.371 101.776 6.664
202212 30.160 104.666 30.677
202312 27.689 106.461 27.689

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  (FRA:SLW) 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 (FRA:SLW) 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 (FRA:SLW) Headlines

No Headlines