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Nuernberger Beteiligungs AG (STU:NBG6) Cyclically Adjusted Price-to-FCF : 4.95 (As of Jun. 23, 2024)


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What is Nuernberger Beteiligungs AG Cyclically Adjusted Price-to-FCF?

As of today (2024-06-23), Nuernberger Beteiligungs AG's current share price is €59.00. Nuernberger Beteiligungs AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €11.93. Nuernberger Beteiligungs AG's Cyclically Adjusted Price-to-FCF for today is 4.95.

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

STU:NBG6' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.43   Med: 2.03   Max: 5.53
Current: 4.83

During the past 13 years, Nuernberger Beteiligungs AG's highest Cyclically Adjusted Price-to-FCF was 5.53. The lowest was 1.43. And the median was 2.03.

STU:NBG6's Cyclically Adjusted Price-to-FCF is ranked better than
73.29% of 322 companies
in the Insurance industry
Industry Median: 10.49 vs STU:NBG6: 4.83

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.

Nuernberger Beteiligungs AG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €-12.563. 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 €11.93 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nuernberger Beteiligungs AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nuernberger Beteiligungs AG'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.

Nuernberger Beteiligungs AG Cyclically Adjusted Price-to-FCF Chart

Nuernberger Beteiligungs AG 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 1.83 2.01 2.43 3.57 5.49

Nuernberger Beteiligungs AG Semi-Annual Data
Jun14 Dec14 Jun15 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 Premium Member Only Premium Member Only 2.43 - 3.57 - 5.49

Competitive Comparison of Nuernberger Beteiligungs AG's Cyclically Adjusted Price-to-FCF

For the Insurance - Diversified subindustry, Nuernberger Beteiligungs AG'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.


Nuernberger Beteiligungs AG's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Nuernberger Beteiligungs AG 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.

Nuernberger Beteiligungs AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=59.00/11.93
=4.95

* 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.

Nuernberger Beteiligungs AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Nuernberger Beteiligungs AG'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)
=-12.563/123.7729*123.7729
=-12.563

Current CPI (Dec23) = 123.7729.

Nuernberger Beteiligungs AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 77.015 99.543 95.762
201512 26.880 99.717 33.365
201612 29.216 101.217 35.727
201712 14.153 102.617 17.071
201812 -17.588 104.217 -20.888
201912 18.179 105.818 21.264
202012 -9.425 105.518 -11.056
202112 6.306 110.384 7.071
202212 -42.152 119.345 -43.716
202312 -12.563 123.773 -12.563

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.


Nuernberger Beteiligungs AG  (STU:NBG6) 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.


Nuernberger Beteiligungs AG Cyclically Adjusted Price-to-FCF Related Terms

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Nuernberger Beteiligungs AG (STU:NBG6) Business Description

Traded in Other Exchanges
Address
Ostendstrasse 100, Nuernberg, DEU, 90334
Nuernberger Beteiligungs AG operates in the German financial services domain. Its prime focus is on offering insurance products that span the life, health, and property insurance products. The Life business area comprises of the company's subsidiaries engaged in the provision of life insurances, disability insurance, occupational pensions and various forms of risk insurance, and pension funds. The Health segment is concerned with the provision of health and supplementary insurance and the property insurance segment is responsible for the activities related to in property, casualty, accident insurance, as well as reinsurance. In addition, it provides banking services encompassing financial products, asset management, and investment services.

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