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CNA Financial (FRA:CNH) Cyclically Adjusted Price-to-FCF : 6.59 (As of May. 17, 2024)


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What is CNA Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), CNA Financial's current share price is €40.80. CNA Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €6.19. CNA Financial's Cyclically Adjusted Price-to-FCF for today is 6.59.

The historical rank and industry rank for CNA Financial's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:CNH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.84   Med: 7.5   Max: 12.16
Current: 6.56

During the past years, CNA Financial's highest Cyclically Adjusted Price-to-FCF was 12.16. The lowest was 4.84. And the median was 7.50.

FRA:CNH's Cyclically Adjusted Price-to-FCF is ranked better than
67.79% of 326 companies
in the Insurance industry
Industry Median: 10.9 vs FRA:CNH: 6.56

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.

CNA Financial's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.633. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €6.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CNA Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CNA Financial'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.

CNA Financial Cyclically Adjusted Price-to-FCF Chart

CNA Financial 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 10.23 7.56 8.01 6.80 6.32

CNA Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.11 5.97 5.91 6.32 6.69

Competitive Comparison of CNA Financial's Cyclically Adjusted Price-to-FCF

For the Insurance - Property & Casualty subindustry, CNA Financial'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.


CNA Financial's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



CNA Financial 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.

CNA Financial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=40.80/6.19
=6.59

* 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.

CNA Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CNA Financial'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)
=1.633/131.7762*131.7762
=1.633

Current CPI (Mar. 2024) = 131.7762.

CNA Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.093 100.560 1.432
201409 1.276 100.428 1.674
201412 1.091 99.070 1.451
201503 0.253 99.621 0.335
201506 1.346 100.684 1.762
201509 1.573 100.392 2.065
201512 1.021 99.792 1.348
201603 0.998 100.470 1.309
201606 0.811 101.688 1.051
201609 1.570 101.861 2.031
201612 0.852 101.863 1.102
201703 0.867 102.862 1.111
201706 0.638 103.349 0.813
201709 1.132 104.136 1.432
201712 1.048 104.011 1.328
201803 0.536 105.290 0.671
201806 0.308 106.317 0.382
201809 1.582 106.507 1.957
201812 1.118 105.998 1.390
201903 0.906 107.251 1.113
201906 0.718 108.070 0.876
201909 1.532 108.329 1.864
201912 0.509 108.420 0.619
202003 0.697 108.902 0.843
202006 1.407 108.767 1.705
202009 2.345 109.815 2.814
202012 1.085 109.897 1.301
202103 0.243 111.754 0.287
202106 1.829 114.631 2.103
202109 2.051 115.734 2.335
202112 2.054 117.630 2.301
202203 2.106 121.301 2.288
202206 2.065 125.017 2.177
202209 2.674 125.227 2.814
202212 1.737 125.222 1.828
202303 1.427 127.348 1.477
202306 1.622 128.729 1.660
202309 2.767 129.860 2.808
202312 1.674 129.419 1.704
202403 1.633 131.776 1.633

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.


CNA Financial  (FRA:CNH) 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.


CNA Financial Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of CNA Financial's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


CNA Financial (FRA:CNH) Business Description

Industry
Traded in Other Exchanges
Address
151 N. Franklin Street, Chicago, IL, USA, 60606
CNA Financial Corporation (CNAF) is an insurance holding company that provides commercial property and casualty insurance. The company operates under five segments: Specialty, Commercial and International being its core business and two segments for its non-core businesses, which are Life and Group and Corporate and Other. CNAF, through its segments, provides professional, financial, specialty property and casualty products to small businesses and medium scale organizations. It has its business spread across Continental Europe, United Kingdom, and Canada. The majority of the revenues are generated from the Specialty and Commercial segment of the business.

CNA Financial (FRA:CNH) Headlines

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