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AMERISAFE (AMERISAFE) Cyclically Adjusted Price-to-FCF : 8.83 (As of Apr. 27, 2024)


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What is AMERISAFE Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), AMERISAFE's current share price is $45.56. AMERISAFE's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $5.16. AMERISAFE's Cyclically Adjusted Price-to-FCF for today is 8.83.

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

AMSF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.58   Med: 10.46   Max: 14.45
Current: 8.88

During the past years, AMERISAFE's highest Cyclically Adjusted Price-to-FCF was 14.45. The lowest was 0.58. And the median was 10.46.

AMSF's Cyclically Adjusted Price-to-FCF is ranked better than
59.88% of 324 companies
in the Insurance industry
Industry Median: 11.03 vs AMSF: 8.88

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.

AMERISAFE's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.205. 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 $5.16 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AMERISAFE Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AMERISAFE'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.

AMERISAFE Cyclically Adjusted Price-to-FCF Chart

AMERISAFE 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 12.40 10.52 9.35 9.10 9.07

AMERISAFE 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 8.54 9.57 9.34 9.07 -

Competitive Comparison of AMERISAFE's Cyclically Adjusted Price-to-FCF

For the Insurance - Specialty subindustry, AMERISAFE'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.


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

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

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



AMERISAFE 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.56/5.16
=8.83

* 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.

AMERISAFE's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, AMERISAFE's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.205/129.4194*129.4194
=0.205

Current CPI (Dec. 2023) = 129.4194.

AMERISAFE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.593 99.695 2.068
201406 1.559 100.560 2.006
201409 2.245 100.428 2.893
201412 1.983 99.070 2.590
201503 1.684 99.621 2.188
201506 -0.342 100.684 -0.440
201509 1.907 100.392 2.458
201512 1.559 99.792 2.022
201603 1.578 100.470 2.033
201606 1.317 101.688 1.676
201609 1.369 101.861 1.739
201612 1.599 101.863 2.032
201703 1.234 102.862 1.553
201706 0.876 103.349 1.097
201709 3.188 104.136 3.962
201712 1.476 104.011 1.837
201803 0.613 105.290 0.753
201806 1.255 106.317 1.528
201809 1.748 106.507 2.124
201812 1.422 105.998 1.736
201903 1.050 107.251 1.267
201906 0.993 108.070 1.189
201909 1.150 108.329 1.374
201912 0.836 108.420 0.998
202003 0.775 108.902 0.921
202006 1.376 108.767 1.637
202009 0.445 109.815 0.524
202012 0.632 109.897 0.744
202103 0.835 111.754 0.967
202106 0.475 114.631 0.536
202109 0.169 115.734 0.189
202112 0.411 117.630 0.452
202203 0.353 121.301 0.377
202206 0.884 125.017 0.915
202209 0.531 125.227 0.549
202212 -0.420 125.222 -0.434
202303 0.698 127.348 0.709
202306 0.379 128.729 0.381
202309 0.241 129.860 0.240
202312 0.205 129.419 0.205

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.


AMERISAFE  (NAS:AMSF) 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.


AMERISAFE Cyclically Adjusted Price-to-FCF Related Terms

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


AMERISAFE (AMERISAFE) Business Description

Industry
Traded in Other Exchanges
Address
2301 Highway 190 West, DeRidder, LA, USA, 70634
AMERISAFE Inc is a specialty provider of workers' compensation insurance to employers engaged in hazardous industries, mainly construction, trucking, manufacturing, oil and gas, and agriculture. The company generates a majority of its revenue in the form of premiums.
Executives
Anastasios Omiridis officer: EVP-CFO 200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Wise Raymond F. Jr. officer: EVP - CSO 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Andrew B. Mccray officer: EVP-CUO 2301 HIGHWAY 27, DERIDDER LA 70634
Kathryn Housh Shirley officer: EVP, General Counsel 2301 HIGHWAY 190 WEST, DERIDDER LA 70634
Vincent J. Gagliano officer: EVP - Chief Technology Officer 2301 HIGHWAY 190 WEST, DERIDDER LA 70634
G. Janelle Frost officer: EVP/CFO 2301 HIGHWAY 190 WEST, DERIDDER LA 70634
Neal Andrew Fuller officer: EVP-CFO C/O SEABRIGHT HOLDINGS, INC., 1501 4TH AVENUE, SUITE 2600, SEATTLE WA 98101
Billy B Greer director 2301 HIGHWAY 190 WEST, DERIDDER LA 70634
Philip A Garcia director 100 ERIE INSURANCE PL, ERIE PA 16530
Sean Traynor director 320 PARK AVENUE STE 2500, NEW YORK NY 10022
Randy Roach director 2301 HIGHWAY 190 WEST, DERIDDER LA 70634-6006
Jared A Morris director AMERISAFE INC, 2301 HIGHWAY 190 WEST, DERIDDER LA 70634
Millard E Morris director 2301 HIGHWAY 190 WEST, DERIDDER LA 70634-6006
Bradley C Allen Jr director, officer: President and CEO AMERISAFE INC, 2301 HIGHWAY 190 WEST, DERIDDER LA 70634
Teri G. Fontenot director 18933 EAST PINNACLE CIRCLE, BATON ROUGE LA 70634