GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Maiden Holdings Ltd (FRA:4OWA) » Definitions » Cyclically Adjusted FCF per Share

Maiden Holdings (FRA:4OWA) Cyclically Adjusted FCF per Share : €0.16 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Maiden Holdings 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.

Maiden Holdings's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.074. 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 €0.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Maiden Holdings's average Cyclically Adjusted FCF Growth Rate was -84.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -43.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -35.80% 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 Maiden Holdings was -24.10% per year. The lowest was -43.90% per year. And the median was -28.80% per year.

As of today (2024-05-17), Maiden Holdings's current stock price is €1.97. Maiden Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.16. Maiden Holdings's Cyclically Adjusted Price-to-FCF of today is 12.31.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Maiden Holdings was 13.24. The lowest was 0.12. And the median was 1.39.


Maiden Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Maiden Holdings'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.

Maiden Holdings Cyclically Adjusted FCF per Share Chart

Maiden Holdings 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 3.01 1.80 1.52 0.97 0.38

Maiden Holdings 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 0.94 0.70 0.40 0.38 0.16

Competitive Comparison of Maiden Holdings's Cyclically Adjusted FCF per Share

For the Insurance - Reinsurance subindustry, Maiden Holdings'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.


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

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

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



Maiden Holdings 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, Maiden Holdings'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)
=0.074/131.7762*131.7762
=0.074

Current CPI (Mar. 2024) = 131.7762.

Maiden Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.797 100.560 1.044
201409 2.480 100.428 3.254
201412 1.578 99.070 2.099
201503 1.847 99.621 2.443
201506 2.166 100.684 2.835
201509 1.534 100.392 2.014
201512 1.155 99.792 1.525
201603 0.094 100.470 0.123
201606 1.616 101.688 2.094
201609 1.666 101.861 2.155
201612 1.582 101.863 2.047
201703 0.486 102.862 0.623
201706 1.831 103.349 2.335
201709 1.478 104.136 1.870
201712 0.843 104.011 1.068
201803 -0.313 105.290 -0.392
201806 0.909 106.317 1.127
201809 1.099 106.507 1.360
201812 0.208 105.998 0.259
201903 -3.541 107.251 -4.351
201906 -1.829 108.070 -2.230
201909 -4.870 108.329 -5.924
201912 -2.093 108.420 -2.544
202003 -2.375 108.902 -2.874
202006 -2.108 108.767 -2.554
202009 -0.286 109.815 -0.343
202012 -0.912 109.897 -1.094
202103 -1.014 111.754 -1.196
202106 -0.799 114.631 -0.919
202109 -1.121 115.734 -1.276
202112 -0.969 117.630 -1.086
202203 -0.798 121.301 -0.867
202206 -0.138 125.017 -0.145
202209 -0.128 125.227 -0.135
202212 -1.035 125.222 -1.089
202303 -0.187 127.348 -0.194
202306 -0.393 128.729 -0.402
202309 -0.022 129.860 -0.022
202312 0.057 129.419 0.058
202403 0.074 131.776 0.074

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


Maiden Holdings  (FRA:4OWA) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.97/0.16
=12.31

* 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 Maiden Holdings was 13.24. The lowest was 0.12. And the median was 1.39.


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.


Maiden Holdings Cyclically Adjusted FCF per Share Related Terms

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


Maiden Holdings (FRA:4OWA) Business Description

Industry
Traded in Other Exchanges
Address
94 Pitts Bay Road, Ideation House, 1st Floor, Pembroke, BMU, HM 08
Maiden Holdings Ltd provides reinsurance products and services to regional and specialty property and casualty insurers. The company operates in two segments: AmTrust Reinsurance and Diversified Reinsurance. The AmTrust Reinsurance segment provides products that cover workers' compensation, commercial package, commercial auto, and extended warranty. The Diversified Reinsurance segment provides small and midsize regional and specialty insurers with reinsurance capital products. The company has underwriting operations in Bermuda and the United States, along with business development teams in the United Kingdom, Germany, and other markets.

Maiden Holdings (FRA:4OWA) Headlines

No Headlines