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Ping An Insurance (Group) Co. of China (HKSE:02318) Cyclically Adjusted FCF per Share : HK$13.06 (As of Sep. 2024)


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What is Ping An Insurance (Group) Co. of China 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.

Ping An Insurance (Group) Co. of China's adjusted free cash flow per share for the three months ended in Sep. 2024 was HK$6.774. 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 HK$13.06 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Ping An Insurance (Group) Co. of China's average Cyclically Adjusted FCF Growth Rate was 14.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.40% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Ping An Insurance (Group) Co. of China was 8.00% per year. The lowest was 2.90% per year. And the median was 5.75% per year.

As of today (2024-10-31), Ping An Insurance (Group) Co. of China's current stock price is HK$48.15. Ping An Insurance (Group) Co. of China's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was HK$13.06. Ping An Insurance (Group) Co. of China's Cyclically Adjusted Price-to-FCF of today is 3.69.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ping An Insurance (Group) Co. of China was 8.38. The lowest was 2.84. And the median was 4.38.


Ping An Insurance (Group) Co. of China Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ping An Insurance (Group) Co. of China'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.

* Premium members only.

Ping An Insurance (Group) Co. of China Cyclically Adjusted FCF per Share Chart

Ping An Insurance (Group) Co. of China Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.31 13.11 13.40 14.07 11.47

Ping An Insurance (Group) Co. of China Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted FCF per Share 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 12.06 11.47 10.35 11.94 13.06

Competitive Comparison of Ping An Insurance (Group) Co. of China's Cyclically Adjusted FCF per Share

For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China'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.


Ping An Insurance (Group) Co. of China's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Ping An Insurance (Group) Co. of China's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ping An Insurance (Group) Co. of China's Cyclically Adjusted Price-to-FCF falls into.



Ping An Insurance (Group) Co. of China 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, Ping An Insurance (Group) Co. of China's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=6.774/115.7848*115.7848
=6.774

Current CPI (Sep. 2024) = 115.7848.

Ping An Insurance (Group) Co. of China Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 4.081 99.000 4.773
201503 3.965 99.900 4.595
201506 12.684 99.500 14.760
201509 -5.578 100.500 -6.426
201512 -2.711 100.600 -3.120
201603 7.795 102.200 8.831
201606 -3.973 101.400 -4.537
201609 -5.577 102.400 -6.306
201612 15.115 102.600 17.057
201703 -2.804 103.200 -3.146
201706 1.399 103.100 1.571
201709 1.246 104.100 1.386
201712 7.002 104.500 7.758
201803 9.636 105.300 10.595
201806 -0.155 104.900 -0.171
201809 1.112 106.600 1.208
201812 2.669 106.500 2.902
201903 10.392 107.700 11.172
201906 1.210 107.700 1.301
201909 9.041 109.800 9.534
201912 -5.426 111.200 -5.650
202003 7.844 112.300 8.087
202006 0.051 110.400 0.053
202009 8.391 111.700 8.698
202012 2.889 111.500 3.000
202103 4.022 112.662 4.134
202106 -3.211 111.769 -3.326
202109 1.896 112.215 1.956
202112 2.578 113.108 2.639
202203 16.617 114.335 16.828
202206 4.625 114.558 4.675
202209 1.520 115.339 1.526
202212 8.498 115.116 8.547
202303 13.194 115.116 13.271
202306 -2.972 114.558 -3.004
202309 8.772 115.339 8.806
202312 2.738 114.781 2.762
202403 4.439 115.227 4.460
202406 13.602 114.781 13.721
202409 6.774 115.785 6.774

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


Ping An Insurance (Group) Co. of China  (HKSE:02318) 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.

Ping An Insurance (Group) Co. of China's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=48.15/13.06
=3.69

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ping An Insurance (Group) Co. of China was 8.38. The lowest was 2.84. And the median was 4.38.


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.


Ping An Insurance (Group) Co. of China Cyclically Adjusted FCF per Share Related Terms

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


Ping An Insurance (Group) Co. of China Business Description

Address
No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, CHN, 518033
Founded in 1988, Ping An Insurance is an integrated financial service provider headquartered in Shenzhen. The company has a focus on the offerings of healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services, and technology. These business segments contributed 89%, 8%, 23%, -18%, and 2% of the company's operating profits, respectively, in 2023.
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Ubs Group Ag 2201 Interest of corporation controlled by you
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Charoen Pokphand Group Company Limited 2201 Interest of corporation controlled by you
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The Capital Group Companies, Inc. 2201 Interest of corporation controlled by you

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