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Harel Insurance Investments & Financial Services (XTAE:HARL) Cyclically Adjusted FCF per Share : ₪3.55 (As of Dec. 2024)


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What is Harel Insurance Investments & Financial Services 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.

Harel Insurance Investments & Financial Services's adjusted free cash flow per share for the three months ended in Dec. 2024 was ₪-2.271. 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 ₪3.55 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Harel Insurance Investments & Financial Services's average Cyclically Adjusted FCF Growth Rate was 2.30% 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.

As of today (2025-05-28), Harel Insurance Investments & Financial Services's current stock price is ₪65.40. Harel Insurance Investments & Financial Services's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was ₪3.55. Harel Insurance Investments & Financial Services's Cyclically Adjusted Price-to-FCF of today is 18.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Harel Insurance Investments & Financial Services was 21.91. The lowest was 8.24. And the median was 12.24.


Harel Insurance Investments & Financial Services Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Harel Insurance Investments & Financial Services'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.

Harel Insurance Investments & Financial Services Cyclically Adjusted FCF per Share Chart

Harel Insurance Investments & Financial Services 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 -3.90 -3.25 -0.84 3.47 3.55

Harel Insurance Investments & Financial Services Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 3.47 3.44 3.12 3.64 3.55

Competitive Comparison of Harel Insurance Investments & Financial Services's Cyclically Adjusted FCF per Share

For the Insurance - Diversified subindustry, Harel Insurance Investments & Financial Services'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.


Harel Insurance Investments & Financial Services's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

* The bar in red indicates where Harel Insurance Investments & Financial Services's Cyclically Adjusted Price-to-FCF falls into.


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Harel Insurance Investments & Financial Services 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, Harel Insurance Investments & Financial Services's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-2.271/133.1571*133.1571
=-2.271

Current CPI (Dec. 2024) = 133.1571.

Harel Insurance Investments & Financial Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -3.020 99.621 -4.037
201506 1.056 100.684 1.397
201509 4.486 100.392 5.950
201512 0.785 99.792 1.047
201603 3.992 100.470 5.291
201606 4.266 101.688 5.586
201609 0.165 101.861 0.216
201612 -3.081 101.863 -4.028
201703 0.996 102.862 1.289
201706 -1.644 103.349 -2.118
201709 0.766 104.136 0.979
201712 3.462 104.011 4.432
201803 -4.329 105.290 -5.475
201806 -0.512 106.317 -0.641
201809 4.998 106.507 6.249
201812 4.499 105.998 5.652
201903 -2.778 107.251 -3.449
201906 1.767 108.070 2.177
201909 -0.398 108.329 -0.489
201912 -1.574 108.420 -1.933
202003 0.859 108.902 1.050
202006 -2.250 108.767 -2.755
202009 3.165 109.815 3.838
202012 3.187 109.897 3.862
202103 -7.771 111.754 -9.259
202106 5.743 114.631 6.671
202109 4.026 115.734 4.632
202112 3.331 117.630 3.771
202203 -5.733 121.301 -6.293
202206 -0.028 125.017 -0.030
202209 7.506 125.227 7.981
202212 5.950 125.222 6.327
202303 -2.010 127.348 -2.102
202306 10.331 128.729 10.686
202309 -2.171 129.860 -2.226
202312 8.114 129.419 8.348
202403 -8.600 131.776 -8.690
202406 -6.175 132.554 -6.203
202409 0.038 133.029 0.038
202412 -2.271 133.157 -2.271

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


Harel Insurance Investments & Financial Services  (XTAE:HARL) 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.

Harel Insurance Investments & Financial Services's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=65.40/3.55
=18.42

* 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 Harel Insurance Investments & Financial Services was 21.91. The lowest was 8.24. And the median was 12.24.


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.


Harel Insurance Investments & Financial Services Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Harel Insurance Investments & Financial Services's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Harel Insurance Investments & Financial Services Business Description

Traded in Other Exchanges
N/A
Address
3 Abba Hillel Street, Ramat Gan, ISR
Harel Insurance Investments & Financial Services Ltd is a diversified insurance company that offers a selection of life insurance policies, health insurance, nursing insurance, travel insurance, car insurance, and rent and property insurance to residential and commercial customers in Israel. The company also generates revenue through investment portfolio management, mutual funds, and exchange-traded funds. Its operating segments include Life assurance and long-term savings; Health insurance and Non-life insurance. Non-life insurance consists of five sub segments: Motor property (CASCO); Compulsory motor; Other liabilities sectors; Property and other sectors and Credit insurance for residential mortgages and development and operating services for mortgage portfolios.