GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Life Insurance Co Ltd (BUE:LFCHY) » Definitions » Cyclically Adjusted FCF per Share

China Life Insurance Co (BUE:LFCHY) Cyclically Adjusted FCF per Share : ARS0.00 (As of Mar. 2024)


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

What is China Life Insurance Co Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

China Life Insurance Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ARS1,884.369. 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 ARS0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, China Life Insurance Co's average Cyclically Adjusted FCF Growth Rate was 14.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.10% 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 China Life Insurance Co was 13.60% per year. The lowest was 2.40% per year. And the median was 7.80% per year.

As of today (2024-05-20), China Life Insurance Co's current stock price is ARS1074.50. China Life Insurance Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS0.00. China Life Insurance Co's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of China Life Insurance Co was 9.69. The lowest was 3.27. And the median was 5.62.


China Life Insurance Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for China Life Insurance Co'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.

China Life Insurance Co Cyclically Adjusted FCF per Share Chart

China Life Insurance Co 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 36.47 35.01 162.15 189.31 -

China Life Insurance Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of China Life Insurance Co's Cyclically Adjusted FCF per Share

For the Insurance - Life subindustry, China Life Insurance Co'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.


China Life Insurance Co's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

* The bar in red indicates where China Life Insurance Co's Cyclically Adjusted Price-to-FCF falls into.



China Life Insurance Co 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, China Life Insurance Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1884.369/115.2271*115.2271
=1,884.369

Current CPI (Mar. 2024) = 115.2271.

China Life Insurance Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.212 98.200 -1.422
201409 -0.002 98.900 -0.002
201412 4.221 99.000 4.913
201503 -0.039 99.900 -0.045
201506 3.111 99.500 3.603
201509 1.557 100.500 1.785
201512 -11.015 100.600 -12.617
201603 -0.093 102.200 -0.105
201606 -2.659 101.400 -3.022
201609 4.729 102.400 5.321
201612 14.372 102.600 16.141
201703 20.564 103.200 22.961
201706 7.569 103.100 8.459
201709 7.969 104.100 8.821
201712 4.599 104.500 5.071
201803 5.766 105.300 6.310
201806 5.585 104.900 6.135
201809 13.759 106.600 14.873
201812 30.146 106.500 32.616
201903 56.642 107.700 60.601
201906 21.469 107.700 22.969
201909 37.461 109.800 39.313
201912 54.627 111.200 56.605
202003 96.632 112.300 99.151
202006 47.880 110.400 49.973
202009 52.772 111.700 54.438
202012 68.520 111.500 70.810
202103 195.996 112.662 200.459
202106 46.861 111.769 48.311
202109 63.184 112.215 64.880
202112 52.727 113.108 53.715
202203 260.182 114.335 262.213
202206 107.364 114.558 107.991
202209 80.105 115.339 80.027
202212 131.410 115.116 131.537
202303 444.400 115.116 444.830
202306 242.436 114.558 243.852
202309 340.876 115.339 340.546
202312 208.592 114.781 209.403
202403 1,884.369 115.227 1,884.369

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


China Life Insurance Co  (BUE:LFCHY) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of China Life Insurance Co was 9.69. The lowest was 3.27. And the median was 5.62.


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.


China Life Insurance Co Cyclically Adjusted FCF per Share Related Terms

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


China Life Insurance Co (BUE:LFCHY) Business Description

Address
No. 16, Financial Street, Xicheng District, Beijing, CHN, 100033
With headquarters in Beijing and commanding about 20% market share, China Life Insurance is the largest life insurance company in China. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.