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AmTrust Financial Services (AmTrust Financial Services) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is AmTrust Financial Services Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


AmTrust Financial Services Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AmTrust Financial Services'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.

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AmTrust Financial Services Cyclically Adjusted Price-to-FCF Chart

AmTrust Financial Services Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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AmTrust Financial Services Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of AmTrust Financial Services's Cyclically Adjusted Price-to-FCF

For the Insurance - Property & Casualty subindustry, AmTrust Financial Services'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.


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

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

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



AmTrust Financial Services 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.

AmTrust Financial Services's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, AmTrust Financial Services's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=0.221/106.5067*106.5067
=0.221

Current CPI (Sep. 2018) = 106.5067.

AmTrust Financial Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200812 -0.194 88.697 -0.233
200903 0.488 89.744 0.579
200906 0.271 91.003 0.317
200909 0.066 91.120 0.077
200912 0.209 91.111 0.244
201003 0.146 91.821 0.169
201006 -0.114 91.962 -0.132
201009 -0.120 92.162 -0.139
201012 0.167 92.474 0.192
201103 0.272 94.283 0.307
201106 0.728 95.235 0.814
201109 0.305 95.727 0.339
201112 0.193 95.213 0.216
201203 0.554 96.783 0.610
201206 0.838 96.819 0.922
201209 1.136 97.633 1.239
201212 0.802 96.871 0.882
201303 1.238 98.209 1.343
201306 1.774 98.518 1.918
201309 0.539 98.790 0.581
201312 2.427 98.326 2.629
201403 2.563 99.695 2.738
201406 1.462 100.560 1.548
201409 1.245 100.428 1.320
201412 1.361 99.070 1.463
201503 1.030 99.621 1.101
201506 -0.137 100.684 -0.145
201509 1.975 100.392 2.095
201512 2.210 99.792 2.359
201603 3.716 100.470 3.939
201606 -0.551 101.688 -0.577
201609 1.180 101.861 1.234
201612 0.178 101.863 0.186
201703 0.538 102.862 0.557
201706 -1.062 103.349 -1.094
201709 -0.856 104.136 -0.875
201712 -1.568 104.011 -1.606
201803 1.463 105.290 1.480
201806 0.130 106.317 0.130
201809 0.221 106.507 0.221

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.


AmTrust Financial Services  (NAS:AFSI) 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.


AmTrust Financial Services Cyclically Adjusted Price-to-FCF Related Terms

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AmTrust Financial Services (AmTrust Financial Services) Business Description

Address
59 Maiden Lane, 43rd Floor, New York, NY, USA, 10038
AmTrust Financial Services Inc is a multinational company that underwrites and provides property and casualty insurance products. The company specializes in coverage for small to mid-sized businesses, with a philosophical focus on niche diversity and low-hazard risk. AmTrust's business model strives to achieve its profit goals through geographic and product diversification. The company reports three business segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The vast majority of revenues is derived from its Small Commercial Business risk.
Executives
Chris C Stroup director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Shettle John F Jr director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Peter Dewey officer: Head of International C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Christopher Foy officer: Head of N. American Commercial C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Barry D Zyskind director, 10 percent owner, officer: Chairman, President and CEO C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Ariel Gorelik officer: SVP, Chief Information Officer C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Raul Rivera director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Adam Karkowsky officer: EVP, Chief Financial Officer C/O AMTRUST FINANCIAL SERVICES INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Stephen Ungar officer: SVP, GC and Secretary C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Susan Fisch director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
David Saks officer: EVP, Chief Legal Officer 59 MAIDEN LANE, NEW YORK NY 10038
Christopher Longo officer: EVP, Chief Operating Officer 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Abraham Gulkowitz director C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Michael J Saxon officer: EVP - U.S. Commercial Lines C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Leah Karfunkel director, 10 percent owner C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038