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New China Life Insurance Co (New China Life Insurance Co) Cyclically Adjusted FCF per Share : $0.83 (As of Mar. 2024)


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What is New China Life Insurance Co 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.

New China Life Insurance Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was $1.653. 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 $0.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, New China Life Insurance Co's average Cyclically Adjusted FCF Growth Rate was 2.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.20% 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 New China Life Insurance Co was 1.80% per year. The lowest was 1.20% per year. And the median was 1.50% per year.

As of today (2024-06-20), New China Life Insurance Co's current stock price is $2.003. New China Life Insurance Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.83. New China Life Insurance Co's Cyclically Adjusted Price-to-FCF of today is 2.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of New China Life Insurance Co was 5.51. The lowest was 1.99. And the median was 3.31.


New China Life Insurance Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for New 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.

New China Life Insurance Co Cyclically Adjusted FCF per Share Chart

New 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 - 0.88 0.88 0.93 0.77

New 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 0.98 0.92 0.88 0.77 0.83

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

For the Insurance - Life subindustry, New 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.


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

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

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



New 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, New 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)
=1.653/115.2271*115.2271
=1.653

Current CPI (Mar. 2024) = 115.2271.

New China Life Insurance Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.110 98.200 0.129
201409 0.026 98.900 0.030
201412 -0.329 99.000 -0.383
201503 0.281 99.900 0.324
201506 -0.136 99.500 -0.157
201509 0.089 100.500 0.102
201512 0.019 100.600 0.022
201603 0.217 102.200 0.245
201606 0.172 101.400 0.195
201609 0.032 102.400 0.036
201612 -0.147 102.600 -0.165
201703 -0.239 103.200 -0.267
201706 0.015 103.100 0.017
201709 0.357 104.100 0.395
201712 0.068 104.500 0.075
201803 -0.109 105.300 -0.119
201806 0.144 104.900 0.158
201809 0.252 106.600 0.272
201812 -0.009 106.500 -0.010
201903 0.440 107.700 0.471
201906 0.316 107.700 0.338
201909 0.417 109.800 0.438
201912 0.541 111.200 0.561
202003 1.288 112.300 1.322
202006 0.613 110.400 0.640
202009 0.582 111.700 0.600
202012 0.494 111.500 0.511
202103 1.259 112.662 1.288
202106 0.775 111.769 0.799
202109 0.753 112.215 0.773
202112 0.721 113.108 0.735
202203 1.742 114.335 1.756
202206 1.017 114.558 1.023
202209 0.692 115.339 0.691
202212 0.728 115.116 0.729
202303 1.759 115.116 1.761
202306 1.201 114.558 1.208
202309 0.604 115.339 0.603
202312 0.496 114.781 0.498
202403 1.653 115.227 1.653

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


New China Life Insurance Co  (OTCPK:NWWCF) 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.

New China Life Insurance Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.003/0.83
=2.41

* 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 New China Life Insurance Co was 5.51. The lowest was 1.99. And the median was 3.31.


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.


New China Life Insurance Co Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of New 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.


New China Life Insurance Co (New China Life Insurance Co) Business Description

Traded in Other Exchanges
Address
A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022
Headquartered in Beijing, New China Life Insurance, or NCI, was founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).

New China Life Insurance Co (New China Life Insurance Co) Headlines

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