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ZhongAn Online P&C Insurance Co (HKSE:06060) Cyclically Adjusted Price-to-FCF : 117.33 (As of May. 23, 2024)


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What is ZhongAn Online P&C Insurance Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), ZhongAn Online P&C Insurance Co's current share price is HK$14.08. ZhongAn Online P&C Insurance Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.12. ZhongAn Online P&C Insurance Co's Cyclically Adjusted Price-to-FCF for today is 117.33.

The historical rank and industry rank for ZhongAn Online P&C Insurance Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:06060' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 93   Med: 109.75   Max: 143.5
Current: 132.81

During the past 10 years, ZhongAn Online P&C Insurance Co's highest Cyclically Adjusted Price-to-FCF was 143.50. The lowest was 93.00. And the median was 109.75.

HKSE:06060's Cyclically Adjusted Price-to-FCF is ranked worse than
98.08% of 313 companies
in the Insurance industry
Industry Median: 11.43 vs HKSE:06060: 132.81

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.

ZhongAn Online P&C Insurance Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$1.427. 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 HK$0.12 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


ZhongAn Online P&C Insurance Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ZhongAn Online P&C 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.

ZhongAn Online P&C Insurance Co Cyclically Adjusted Price-to-FCF Chart

ZhongAn Online P&C 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 - - - - 152.07

ZhongAn Online P&C Insurance Co Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - - - 152.07

Competitive Comparison of ZhongAn Online P&C Insurance Co's Cyclically Adjusted Price-to-FCF

For the Insurance - Property & Casualty subindustry, ZhongAn Online P&C 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.


ZhongAn Online P&C Insurance Co's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ZhongAn Online P&C Insurance Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where ZhongAn Online P&C Insurance Co's Cyclically Adjusted Price-to-FCF falls into.



ZhongAn Online P&C 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.

ZhongAn Online P&C Insurance Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.08/0.12
=117.33

* 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.

ZhongAn Online P&C Insurance Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, ZhongAn Online P&C Insurance Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.427/114.7809*114.7809
=1.427

Current CPI (Dec23) = 114.7809.

ZhongAn Online P&C Insurance Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.085 99.000 0.099
201512 0.218 100.600 0.249
201612 0.522 102.600 0.584
201712 -0.846 104.500 -0.929
201812 -1.242 106.500 -1.339
201912 -1.136 111.200 -1.173
202012 3.719 111.500 3.828
202112 -0.720 113.108 -0.731
202212 -0.845 115.116 -0.843
202312 1.427 114.781 1.427

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.


ZhongAn Online P&C Insurance Co  (HKSE:06060) 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.


ZhongAn Online P&C Insurance Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of ZhongAn Online P&C Insurance Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


ZhongAn Online P&C Insurance Co (HKSE:06060) Business Description

Traded in Other Exchanges
Address
219 Yuanmingyuan Road, Shanghai, CHN
ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.

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