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China Life Insurance Co (FRA:CLF) Cyclically Adjusted Price-to-FCF : (As of Sep. 25, 2024)


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What is China Life Insurance Co Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Life Insurance Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Life Insurance Co's Cyclically Adjusted Price-to-FCF 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.

China Life Insurance Co Cyclically Adjusted Price-to-FCF Chart

China Life Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.08 7.38 5.26 5.68 3.71

China Life Insurance Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cyclically Adjusted Price-to-FCF 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 4.84 4.80 3.71 3.51 3.67

Competitive Comparison of China Life Insurance Co's Cyclically Adjusted Price-to-FCF

For the Insurance - Life subindustry, 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.


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

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

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



China Life Insurance Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

China Life Insurance Co's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, China Life Insurance Co's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=2.172/114.7809*114.7809
=2.172

Current CPI (Jun. 2024) = 114.7809.

China Life Insurance Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.000 98.900 0.000
201412 0.801 99.000 0.929
201503 -0.008 99.900 -0.009
201506 0.610 99.500 0.704
201509 0.295 100.500 0.337
201512 -1.563 100.600 -1.783
201603 -0.011 102.200 -0.012
201606 -0.339 101.400 -0.384
201609 0.565 102.400 0.633
201612 1.719 102.600 1.923
201703 2.494 103.200 2.774
201706 0.817 103.100 0.910
201709 0.763 104.100 0.841
201712 0.407 104.500 0.447
201803 0.464 105.300 0.506
201806 0.383 104.900 0.419
201809 0.641 106.600 0.690
201812 1.406 106.500 1.515
201903 2.565 107.700 2.734
201906 0.851 107.700 0.907
201909 1.216 109.800 1.271
201912 1.645 111.200 1.698
202003 2.818 112.300 2.880
202006 1.242 110.400 1.291
202009 1.207 111.700 1.240
202012 1.384 111.500 1.425
202103 3.655 112.662 3.724
202106 0.821 111.769 0.843
202109 1.099 112.215 1.124
202112 0.924 113.108 0.938
202203 4.400 114.335 4.417
202206 1.688 114.558 1.691
202209 1.165 115.339 1.159
202212 1.480 115.116 1.476
202303 4.202 115.116 4.190
202306 1.664 114.558 1.667
202309 2.025 115.339 2.015
202312 1.060 114.781 1.060
202403 4.115 115.227 4.099
202406 2.172 114.781 2.172

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


China Life Insurance Co  (FRA:CLF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


China Life Insurance Co Cyclically Adjusted Price-to-FCF Related Terms

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China Life Insurance Co Business Description

Address
No. 16, Financial Street, Xicheng District, Beijing, CHN, 100033
With headquarters in Beijing and commanding about 20% market share, China Life Insurance is the largest life insurance company in China. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.