GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Coface SA (OTCPK:COFAF) » Definitions » Cyclically Adjusted FCF per Share

Coface (Coface) Cyclically Adjusted FCF per Share : $1.97 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Coface 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.

Coface's adjusted free cash flow per share for the three months ended in Mar. 2024 was $1.355. 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 $1.97 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Coface's average Cyclically Adjusted FCF Growth Rate was 14.00% 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.

As of today (2024-06-13), Coface's current stock price is $15.075. Coface's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.97. Coface's Cyclically Adjusted Price-to-FCF of today is 7.65.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Coface was 9.34. The lowest was 5.79. And the median was 7.55.


Coface Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Coface'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.

Coface Cyclically Adjusted FCF per Share Chart

Coface Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Coface Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 - - - 1.97 1.97

Competitive Comparison of Coface's Cyclically Adjusted FCF per Share

For the Insurance - Reinsurance subindustry, Coface'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.


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

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

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



Coface 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, Coface'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)
=1.355/119.4700*119.4700
=1.355

Current CPI (Mar. 2024) = 119.4700.

Coface Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.585 100.240 0.697
201406 0.395 100.180 0.471
201409 1.034 99.920 1.236
201412 0.097 99.860 0.116
201503 0.643 100.170 0.767
201506 0.533 100.440 0.634
201509 0.442 99.950 0.528
201512 0.300 100.040 0.358
201603 -0.028 100.020 -0.033
201606 0.194 100.630 0.230
201609 0.187 100.340 0.223
201612 0.505 100.650 0.599
201703 0.651 101.170 0.769
201706 0.251 101.320 0.296
201709 0.037 101.330 0.044
201712 0.432 101.850 0.507
201803 0.447 102.750 0.520
201806 0.170 103.370 0.196
201809 0.937 103.560 1.081
201812 -0.738 103.470 -0.852
201903 0.263 103.890 0.302
201906 1.099 104.580 1.255
201909 0.266 104.500 0.304
201912 0.109 104.980 0.124
202003 0.798 104.590 0.912
202006 0.593 104.790 0.676
202009 0.174 104.550 0.199
202012 -0.406 104.960 -0.462
202103 1.201 105.750 1.357
202106 -0.607 106.340 -0.682
202109 0.934 106.810 1.045
202112 0.881 107.850 0.976
202203 0.608 110.490 0.657
202206 1.562 112.550 1.658
202209 1.056 112.740 1.119
202212 -0.316 114.160 -0.331
202303 0.889 116.790 0.909
202306 0.669 117.650 0.679
202309 0.539 118.260 0.545
202403 1.355 119.470 1.355

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


Coface  (OTCPK:COFAF) 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.

Coface's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.075/1.97
=7.65

* 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 Coface was 9.34. The lowest was 5.79. And the median was 7.55.


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.


Coface Cyclically Adjusted FCF per Share Related Terms

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


Coface (Coface) Business Description

Industry
Traded in Other Exchanges
Address
1, place Costes et Bellonte, CS 20003, Bois-Colombes, FRA, 92270
Coface SA is a property and casualty insurance company. The vast majority of its revenue is generated by its group reinsurance business. Most of the company's sales are generated in Europe. The company offers credit insurance products to protect companies against potentially uncollected payments from their customers. Coface's strategy focuses on risk management. The company considers merger and acquisition investment as a component of its operational growth strategy.

Coface (Coface) Headlines

From GuruFocus

Q3 2023 Coface SA Earnings Call Transcript

By GuruFocus Research 02-13-2024

Q3 2023 Coface SA Earnings Call Transcript

By GuruFocus Research 02-13-2024

Nine Months 2019 Coface SA Earnings Call Transcript

By GuruFocus Research 02-13-2024

Coface SA Corporate Analyst Meeting Transcript

By GuruFocus Research 02-13-2024

Half Year 2021 Coface SA Earnings Call Transcript

By GuruFocus Research 02-13-2024

Coface SA Presentation IFRS 17 Proforma Transcript

By GuruFocus Research 02-13-2024

Half Year 2023 Coface SA Earnings Call Transcript

By GuruFocus Research 02-13-2024

Q1 2019 Coface SA Earnings Call Transcript

By GuruFocus Research 02-13-2024

Half Year 2023 Coface SA Earnings Call Transcript

By GuruFocus Research 02-13-2024