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CNO Financial Group (CNO Financial Group) Intrinsic Value: Projected FCF

: $67.77 (As of Today)
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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-24), CNO Financial Group's Intrinsic Value: Projected FCF is $67.77. The stock price of CNO Financial Group is $26.66. Therefore, CNO Financial Group's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4.

The historical rank and industry rank for CNO Financial Group's Intrinsic Value: Projected FCF or its related term are showing as below:

CNO' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.28   Med: 0.35   Max: 0.43
Current: 0.39

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of CNO Financial Group was 0.43. The lowest was 0.28. And the median was 0.35.

CNO's Price-to-Projected-FCF is ranked better than
75.26% of 392 companies
in the Insurance industry
Industry Median: 0.66 vs CNO: 0.39

CNO Financial Group Intrinsic Value: Projected FCF Historical Data

The historical data trend for CNO Financial Group's Intrinsic Value: Projected 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.

CNO Financial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.35 78.52 83.71 60.36 67.77

CNO Financial Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected 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 60.36 62.50 62.29 63.09 67.77

Competitive Comparison

For the Insurance - Life subindustry, CNO Financial Group's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.


CNO Financial Group Price-to-Projected-FCF Distribution

For the Insurance industry and Financial Services sector, CNO Financial Group's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where CNO Financial Group's Price-to-Projected-FCF falls into.



CNO Financial Group Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get CNO Financial Group's Free Cash Flow(6 year avg) = $577.66.

CNO Financial Group's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(10.265723347005*577.664+2215.6*0.8)/113.657
=67.77

* 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.


CNO Financial Group  (NYSE:CNO) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

CNO Financial Group's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=26.66/67.770738375326
=0.39

* 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.


CNO Financial Group Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of CNO Financial Group's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


CNO Financial Group (CNO Financial Group) Business Description

Traded in Other Exchanges
Address
11825 N. Pennsylvania Street, Carmel, IN, USA, 46032
CNO Financial Group Inc is a holding company for a group of insurance companies that offers middle-income American consumers insurance and securities products through exclusive agents, independent producers, and direct marketing. Consumers are served through the phone, online, mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for the majority of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.
Executives
Jeanne L. Linnenbringer officer: EVP and COO 11825 N. PENNSYLVANIA ST., CARMEL IN 46032
Tarasi Rocco F Iii officer: Chief Marketing Officer C/O ITT EDUCATIONAL SERVICES INC, 13000 NORTH MERIDIAN STREET, CARMEL IN 46032
John R Kline officer: SVP & CAO 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Yvonne K Franzese officer: EVP and Chief HR Officer 200 LAKE STREET EAST, WAYZATA MN 55391
Karen Detoro officer: Chief Actuary and CRO C/O CNO FINANCIAL GROUP, INC., 11825 NORTH PENNSYLVANIA STREET, CARMEL IN 46032
Scott L. Goldberg officer: President, Consumer Division 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Gary C Bhojwani director, officer: Chief Executive Officer 1 HORMEL PLACE, AUSTIN MN 55912
Steven E Shebik director 2775 SANDERS ROAD, NORTHBROOK IL 60062
Brown Archie M Jr director 255 E FIFTH STREET, CINCINNATI OH 45202
Adrianne Lee director 799 WEST COLISEUM WAY, MIDVALE UT 84047
Matthew J. Zimpfer officer: EVP and General Counsel 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Michael E. Mead officer: EVP and CIO 11825 N. PENNSYLVANIA ST., CARMEL IN 46032
Frederick James Sievert director 260 SOUTH LAKE DRIVE, STAMFORD CT 06903
Chetlur S Ragavan director 230 PARK AVENUE, NEW YORK NY 10169
Dan Maurer director C/O ZAGG INC., 3855 SOUTH 500 WEST, SUITE N, SALT LAKE CITY UT 84115