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Cigna (LIM:CI) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is Cigna 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


Cigna Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cigna'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.

Cigna Cyclically Adjusted Price-to-FCF Chart

Cigna 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 20.21 17.10 15.96 19.69 14.41

Cigna 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 13.40 14.03 13.82 14.41 16.11

Competitive Comparison of Cigna's Cyclically Adjusted Price-to-FCF

For the Healthcare Plans subindustry, Cigna'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.


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

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

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



Cigna 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.

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

For example, Cigna'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)
=14.381/131.7762*131.7762
=14.381

Current CPI (Mar. 2024) = 131.7762.

Cigna Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.382 100.560 1.811
201409 1.339 100.428 1.757
201412 2.131 99.070 2.835
201503 2.381 99.621 3.150
201506 1.211 100.684 1.585
201509 1.931 100.392 2.535
201512 3.773 99.792 4.982
201603 3.118 100.470 4.090
201606 0.786 101.688 1.019
201609 6.945 101.861 8.985
201612 2.878 101.863 3.723
201703 5.728 102.862 7.338
201706 2.338 103.349 2.981
201709 4.297 104.136 5.438
201712 1.782 104.011 2.258
201803 7.820 105.290 9.787
201806 3.584 106.317 4.442
201809 2.053 106.507 2.540
201812 -0.216 105.998 -0.269
201903 7.902 107.251 9.709
201906 1.947 108.070 2.374
201909 5.917 108.329 7.198
201912 6.414 108.420 7.796
202003 4.373 108.902 5.292
202006 8.215 108.767 9.953
202009 1.751 109.815 2.101
202012 11.009 109.897 13.201
202103 2.418 111.754 2.851
202106 -1.508 114.631 -1.734
202109 5.240 115.734 5.966
202112 12.051 117.630 13.500
202203 5.422 121.301 5.890
202206 2.920 125.017 3.078
202209 9.328 125.227 9.816
202212 5.556 125.222 5.847
202303 14.634 127.348 15.143
202306 6.636 128.729 6.793
202309 7.675 129.860 7.788
202312 3.491 129.419 3.555
202403 14.381 131.776 14.381

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.


Cigna  (LIM:CI) 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.


Cigna Cyclically Adjusted Price-to-FCF Related Terms

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Cigna (LIM:CI) Business Description

Industry
Address
900 Cottage Grove Road, Bloomfield, CT, USA, 06002
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 18 million U.S. medical members covered as of the end of June 2023.

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