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New China Life Insurance Co (SHSE:601336) Cyclically Adjusted FCF per Share : ¥15.99 (As of Mar. 2025)


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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. 2025 was ¥10.746. 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 ¥15.99 for the trailing ten years ended in Mar. 2025.

During the past 12 months, New China Life Insurance Co's average Cyclically Adjusted FCF Growth Rate was 21.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.40% 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 10.40% per year. The lowest was 1.20% per year. And the median was 5.80% per year.

As of today (2025-05-19), New China Life Insurance Co's current stock price is ¥51.29. New China Life Insurance Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ¥15.99. New China Life Insurance Co's Cyclically Adjusted Price-to-FCF of today is 3.21.

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 3.16.


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 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.43 11.20 12.12 12.89 15.09

New China Life Insurance Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 13.14 13.75 14.74 15.09 15.99

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.


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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. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=10.746/115.1156*115.1156
=10.746

Current CPI (Mar. 2025) = 115.1156.

New China Life Insurance Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.845 99.500 -0.978
201509 0.565 100.500 0.647
201512 0.122 100.600 0.140
201603 1.409 102.200 1.587
201606 1.131 101.400 1.284
201609 0.210 102.400 0.236
201612 -1.016 102.600 -1.140
201703 -1.646 103.200 -1.836
201706 0.101 103.100 0.113
201709 2.342 104.100 2.590
201712 0.448 104.500 0.494
201803 -0.688 105.300 -0.752
201806 0.933 104.900 1.024
201809 1.726 106.600 1.864
201812 -0.065 106.500 -0.070
201903 2.955 107.700 3.158
201906 2.183 107.700 2.333
201909 2.963 109.800 3.106
201912 3.793 111.200 3.927
202003 9.041 112.300 9.268
202006 4.339 110.400 4.524
202009 3.965 111.700 4.086
202012 3.228 111.500 3.333
202103 8.194 112.662 8.372
202106 4.979 111.769 5.128
202109 4.859 112.215 4.985
202112 4.590 113.108 4.671
202203 11.051 114.335 11.126
202206 6.812 114.558 6.845
202209 4.857 115.339 4.848
202212 5.072 115.116 5.072
202303 12.122 115.116 12.122
202306 8.601 114.558 8.643
202309 4.405 115.339 4.396
202312 3.543 114.781 3.553
202403 11.904 115.227 11.892
202406 7.426 114.781 7.448
202409 8.894 115.785 8.843
202412 2.285 114.893 2.289
202503 10.746 115.116 10.746

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  (SHSE:601336) 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
=51.29/15.99
=3.21

* 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 3.16.


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 Business Description

Traded in Other Exchanges
Address
A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022
New China Life Insurance is headquartered in Beijing and was established in 1996 by a combination of state-owned enterprises and private firms. It is currently the fourth-largest life insurer in China based on total assets. The company is partly owned by Huijin Investment, the government's investment arm, which holds a 31% stake in New China Life. In 2011, the company was listed on both the Hong Kong and Shanghai stock exchanges.New China Life offers a wide range of life insurance products and services to both individual and institutional customers through its extensive distribution networks and diverse marketing channels. Additionally, it manages and invests insurance funds through its subsidiaries, including its Asset Management Company and Asset Management Company (Hong Kong).
Executives
Kang Dian senior management
Zhu Nan Song Supervisors

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