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First Insurance Co (TPE:2852) Cyclically Adjusted Price-to-FCF : 27.12 (As of May. 15, 2024)


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What is First Insurance Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), First Insurance Co's current share price is NT$24.95. First Insurance Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.92. First Insurance Co's Cyclically Adjusted Price-to-FCF for today is 27.12.

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

TPE:2852' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.7   Med: 14.58   Max: 27.23
Current: 27.19

During the past years, First Insurance Co's highest Cyclically Adjusted Price-to-FCF was 27.23. The lowest was 10.70. And the median was 14.58.

TPE:2852's Cyclically Adjusted Price-to-FCF is ranked worse than
82.1% of 324 companies
in the Insurance industry
Industry Median: 11.175 vs TPE:2852: 27.19

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.

First Insurance Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$0.842. 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 NT$0.92 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Insurance Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First 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.

First Insurance Co Cyclically Adjusted Price-to-FCF Chart

First 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 17.02 12.61 14.42 15.26 20.82

First Insurance Co 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 14.90 15.53 17.71 20.82 21.44

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

For the Insurance - Property & Casualty subindustry, First 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.


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

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

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



First 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.

First 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
=24.95/0.92
=27.12

* 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.

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

For example, First Insurance Co'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)
=0.842/129.4194*129.4194
=0.842

Current CPI (Mar. 2024) = 129.4194.

First Insurance Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.974 100.560 -1.254
201409 1.541 100.428 1.986
201412 0.081 99.070 0.106
201503 -0.090 99.621 -0.117
201506 0.306 100.684 0.393
201509 0.033 100.392 0.043
201512 -0.337 99.792 -0.437
201603 0.543 100.470 0.699
201606 0.952 101.688 1.212
201609 -0.963 101.861 -1.224
201612 0.398 101.863 0.506
201703 -0.237 102.862 -0.298
201706 -0.255 103.349 -0.319
201709 0.955 104.136 1.187
201712 -0.124 104.011 -0.154
201803 1.930 105.290 2.372
201806 -1.178 106.317 -1.434
201809 1.645 106.507 1.999
201812 -0.243 105.998 -0.297
201903 0.058 107.251 0.070
201906 0.533 108.070 0.638
201909 -0.427 108.329 -0.510
201912 1.106 108.420 1.320
202003 -0.888 108.902 -1.055
202006 0.826 108.767 0.983
202009 0.435 109.815 0.513
202012 0.330 109.897 0.389
202103 0.159 111.754 0.184
202106 -0.027 114.631 -0.030
202109 -0.116 115.734 -0.130
202112 -0.013 117.630 -0.014
202203 0.087 121.301 0.093
202206 -0.277 125.017 -0.287
202209 1.926 125.227 1.990
202212 -1.611 125.222 -1.665
202303 0.079 127.348 0.080
202306 0.425 128.729 0.427
202309 1.101 129.860 1.097
202312 -0.691 129.419 -0.691
202403 0.842 129.419 0.842

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.


First Insurance Co  (TPE:2852) 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.


First Insurance Co Cyclically Adjusted Price-to-FCF Related Terms

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


First Insurance Co (TPE:2852) Business Description

Traded in Other Exchanges
N/A
Address
No. 54, Zhongxiao East Road, 11th Floor, Section 1, Taipei, TWN
First Insurance Co Ltd is engaged in the provision of insurance services. The company offers various insurance services such as fire, liability, and professional insurance such as medical malpractice insurance, hospital comprehensive liability insurance, directors, and officer's liability insurance, personal accident, motor, and marine transportation insurance, machinery and engineering insurance, and others. Additionally, it also renders reinsurance services.

First Insurance Co (TPE:2852) Headlines

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