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UnitedHealth Group (XTER:UNH) Cyclically Adjusted FCF per Share : €19.24 (As of Mar. 2025)


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What is UnitedHealth Group 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.

UnitedHealth Group's adjusted free cash flow per share for the three months ended in Mar. 2025 was €4.593. 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 €19.24 for the trailing ten years ended in Mar. 2025.

During the past 12 months, UnitedHealth Group's average Cyclically Adjusted FCF Growth Rate was 11.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 17.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 16.40% 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 UnitedHealth Group was 31.20% per year. The lowest was 9.20% per year. And the median was 17.60% per year.

As of today (2025-05-28), UnitedHealth Group's current stock price is €259.45. UnitedHealth Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €19.24. UnitedHealth Group's Cyclically Adjusted Price-to-FCF of today is 13.48.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of UnitedHealth Group was 39.68. The lowest was 14.06. And the median was 29.48.


UnitedHealth Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for UnitedHealth Group'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.

UnitedHealth Group Cyclically Adjusted FCF per Share Chart

UnitedHealth Group 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 8.87 11.77 14.77 16.67 19.44

UnitedHealth Group 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 17.18 17.69 18.21 19.44 19.24

Competitive Comparison of UnitedHealth Group's Cyclically Adjusted FCF per Share

For the Healthcare Plans subindustry, UnitedHealth Group'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.


UnitedHealth Group's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, UnitedHealth Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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UnitedHealth Group 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, UnitedHealth Group'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)
=4.593/134.9266*134.9266
=4.593

Current CPI (Mar. 2025) = 134.9266.

UnitedHealth Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.756 100.684 1.013
201509 2.249 100.392 3.023
201512 2.874 99.792 3.886
201603 1.758 100.470 2.361
201606 1.192 101.688 1.582
201609 6.249 101.861 8.278
201612 -1.855 101.863 -2.457
201703 5.705 102.862 7.483
201706 1.584 103.349 2.068
201709 6.006 104.136 7.782
201712 -2.736 104.011 -3.549
201803 6.485 105.290 8.310
201806 3.072 106.317 3.899
201809 0.345 106.507 0.437
201812 1.649 105.998 2.099
201903 2.425 107.251 3.051
201906 5.012 108.070 6.258
201909 2.551 108.329 3.177
201912 5.192 108.420 6.461
202003 2.327 108.902 2.883
202006 8.836 108.767 10.961
202009 2.268 109.815 2.787
202012 4.728 109.897 5.805
202103 4.772 111.754 5.761
202106 4.322 114.631 5.087
202109 6.187 115.734 7.213
202112 2.336 117.630 2.680
202203 4.534 121.301 5.043
202206 6.188 125.017 6.679
202209 18.991 125.227 20.462
202212 -5.382 125.222 -5.799
202303 15.418 127.348 16.336
202306 10.018 128.729 10.500
202309 6.070 129.860 6.307
202312 -6.053 129.419 -6.311
202403 0.400 131.776 0.410
202406 5.899 132.554 6.005
202409 12.550 133.029 12.729
202412 1.503 133.157 1.523
202503 4.593 134.927 4.593

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


UnitedHealth Group  (XTER:UNH) 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.

UnitedHealth Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=259.45/19.24
=13.48

* 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 UnitedHealth Group was 39.68. The lowest was 14.06. And the median was 29.48.


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.


UnitedHealth Group Cyclically Adjusted FCF per Share Related Terms

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


UnitedHealth Group Business Description

Address
1 Health Drive, Eden Prairie, MN, USA, 55344
UnitedHealth Group is one of the largest private health insurers and provides medical benefits to about 51 million members globally, including 1 million outside the US as of December 2024. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in medical insurance. Along with its insurance assets, UnitedHealth's Optum franchises help create a healthcare services colossus that spans everything from pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.