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Midwest Holding (Midwest Holding) Cyclically Adjusted FCF per Share : $-87.38 (As of Sep. 2023)


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What is Midwest Holding 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.

Midwest Holding's adjusted free cash flow per share for the three months ended in Sep. 2023 was $-5.948. 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 $-87.38 for the trailing ten years ended in Sep. 2023.

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 (2024-05-28), Midwest Holding's current stock price is $26.99. Midwest Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was $-87.38. Midwest Holding's Cyclically Adjusted Price-to-FCF of today is .


Midwest Holding Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Midwest Holding'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.

Midwest Holding Cyclically Adjusted FCF per Share Chart

Midwest Holding 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 - - -102.83 -99.74 -84.18

Midwest Holding Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -85.63 -84.18 -84.41 -86.10 -87.38

Competitive Comparison of Midwest Holding's Cyclically Adjusted FCF per Share

For the Insurance - Life subindustry, Midwest Holding'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.


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

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

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



Midwest Holding 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, Midwest Holding's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-5.948/129.8595*129.8595
=-5.948

Current CPI (Sep. 2023) = 129.8595.

Midwest Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 10.077 98.326 13.309
201403 8.808 99.695 11.473
201406 -59.333 100.560 -76.621
201409 -36.500 100.428 -47.197
201412 -37.346 99.070 -48.953
201503 -11.538 99.621 -15.040
201506 -16.846 100.684 -21.728
201509 -4.269 100.392 -5.522
201512 -11.788 99.792 -15.340
201603 -4.553 100.470 -5.885
201606 -22.844 101.688 -29.173
201609 17.089 101.861 21.786
201612 -11.711 101.863 -14.930
201703 -17.822 102.862 -22.500
201706 6.109 103.349 7.676
201709 -163.652 104.136 -204.078
201712 7.935 104.011 9.907
201803 -0.211 105.290 -0.260
201806 -0.317 106.317 -0.387
201809 -1.759 106.507 -2.145
201812 -347.435 105.998 -425.647
201903 -5.884 107.251 -7.124
201906 -10.555 108.070 -12.683
201909 40.228 108.329 48.223
201912 -39.750 108.420 -47.610
202003 1.117 108.902 1.332
202006 0.050 108.767 0.060
202009 0.137 109.815 0.162
202012 -6.586 109.897 -7.782
202103 2.089 111.754 2.427
202106 -4.432 114.631 -5.021
202109 2.574 115.734 2.888
202112 -7.098 117.630 -7.836
202203 2.705 121.301 2.896
202206 6.358 125.017 6.604
202209 7.682 125.227 7.966
202212 2.241 125.222 2.324
202303 12.182 127.348 12.422
202306 4.132 128.729 4.168
202309 -5.948 129.860 -5.948

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


Midwest Holding  (NAS:MDWT) 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.


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.


Midwest Holding Cyclically Adjusted FCF per Share Related Terms

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


Midwest Holding (Midwest Holding) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2900 South 70th Street, Suite 400, Lincoln, NE, USA, 68506
Midwest Holding Inc is a financial service holding company. The company is engaged in the underwriting and marketing of life insurance products through American Life. Its product offerings consist of a multi-benefit life insurance policy that combines cash value life insurance with a tax-deferred annuity and a single premium term life product. These product offerings are underwritten, marketed, and managed as a group of similar products on an overall portfolio basis. Geographically, the activities are carried out throughout the region of the United States.
Executives
Knott David M Jr 10 percent owner DORSET MANAGEMENT CORPORATION, 485 UNDERHILL BOULEVARD, SUITE 205, SYOSSET NY 11791
Diane C. Davis director 201 WELLS AVENUE SOUTH, RENTON WA 98057
Nancy Lyons Callahan director 2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Kevin Martin Sheehan director 115 PINE BROOK ROAD, BEDFORD NY 10506
Knott Partners Lp 10 percent owner 485 UNDERHILL BOULEVARD, SUITE 205, SYOSSET NY 11791
Eoin Elliffe officer: Chief Risk Officer 2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Daniel Scott Maloney officer: EVP-Accounting & Finance (PAO) 5250 S. SIXTH ST, C/O UNITED TRUST GROUP, SPRINGIELD IL 62703
Yadin Rozov director 9 TERRACE CIRCLE, ARMONK NY 10504
Eric N. Berg officer: Chief Financial Officer 2900 SOUTH 70TH STREET, SUITE 400, L NE 68506
Michael W. Minnich director, 10 percent owner, officer: Co-Chief Executive Officer 7 EAST 20TH STREET, APARTMENT 12F, NEW YORK NY 10003
Jack Theeler director 8101 O STREET, SUITE S111, LINCOLN NE 68510
Georgette C. Nicholas officer: President & CFO 2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Stephen Alan Mace officer: General Counsel 2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Debra Havranek officer: VP & CFO 2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Michael Minnich director, 10 percent owner, officer: Executive Chairman 7 EAST 20TH STREET, APARTMENT 12F, NEW YORK NY 10003