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Hannover Rueck SE (FRA:HNR1) Cyclically Adjusted FCF per Share : €0.00 (As of Dec. 2023)


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What is Hannover Rueck SE 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.

Hannover Rueck SE's adjusted free cash flow per share for the three months ended in Dec. 2023 was €0.000. 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 €0.00 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Hannover Rueck SE's average Cyclically Adjusted FCF Growth Rate was -100.00% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Hannover Rueck SE was 10.80% per year. The lowest was 3.20% per year. And the median was 7.20% per year.

As of today (2024-05-17), Hannover Rueck SE's current stock price is €225.50. Hannover Rueck SE's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.00. Hannover Rueck SE's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Hannover Rueck SE was 9.64. The lowest was 5.44. And the median was 6.60.


Hannover Rueck SE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Hannover Rueck SE'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.

Hannover Rueck SE Cyclically Adjusted FCF per Share Chart

Hannover Rueck SE 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 20.00 21.19 23.74 27.16 -

Hannover Rueck SE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 27.16 - - - -

Competitive Comparison of Hannover Rueck SE's Cyclically Adjusted FCF per Share

For the Insurance - Reinsurance subindustry, Hannover Rueck SE'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.


Hannover Rueck SE's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Hannover Rueck SE 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, Hannover Rueck SE'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)
=0/123.7729*123.7729
=0.000

Current CPI (Dec. 2023) = 123.7729.

Hannover Rueck SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 2.458 99.543 3.056
201406 3.004 99.543 3.735
201409 5.949 99.823 7.376
201412 4.590 99.543 5.707
201503 5.716 99.717 7.095
201506 1.320 100.417 1.627
201509 7.903 100.417 9.741
201512 10.807 99.717 13.414
201603 2.359 100.017 2.919
201606 3.841 100.717 4.720
201609 7.542 101.017 9.241
201612 5.586 101.217 6.831
201703 3.233 101.417 3.946
201706 4.300 102.117 5.212
201709 4.451 102.717 5.363
201712 1.868 102.617 2.253
201803 5.209 102.917 6.265
201806 3.236 104.017 3.851
201809 5.738 104.718 6.782
201812 4.283 104.217 5.087
201903 5.865 104.217 6.966
201906 6.812 105.718 7.975
201909 7.785 106.018 9.089
201912 0.322 105.818 0.377
202003 7.737 105.718 9.058
202006 6.167 106.618 7.159
202009 7.612 105.818 8.904
202012 3.550 105.518 4.164
202103 14.002 107.518 16.119
202106 8.233 108.486 9.393
202109 12.565 109.435 14.211
202112 6.192 110.384 6.943
202203 10.531 113.968 11.437
202206 6.104 115.760 6.526
202209 13.161 118.818 13.710
202212 11.224 119.345 11.640
202303 0.000 122.402 0.000
202306 0.000 123.140 0.000
202309 0.000 124.195 0.000
202312 0.000 123.773 0.000

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


Hannover Rueck SE  (FRA:HNR1) 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 Hannover Rueck SE was 9.64. The lowest was 5.44. And the median was 6.60.


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.


Hannover Rueck SE Cyclically Adjusted FCF per Share Related Terms

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


Hannover Rueck SE (FRA:HNR1) Business Description

Industry
Traded in Other Exchanges
Address
Karl-Wiechert-Allee 50, Hannover, NI, DEU, 30625
Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftplichtverband founded Eisen- und Stahl to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftplichtverband and Aktiengesellschaft fur Transport und- Ruckversichering was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx on Jan. 1, 2019. Hannover was listed in the '90s on the Frankfurt Stock Exchange.

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