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Mercuries Life Insurance Co (TPE:2867) Cyclically Adjusted Price-to-FCF : 0.30 (As of Jun. 14, 2024)


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What is Mercuries Life Insurance Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-14), Mercuries Life Insurance Co's current share price is NT$7.52. Mercuries Life Insurance Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$25.12. Mercuries Life Insurance Co's Cyclically Adjusted Price-to-FCF for today is 0.30.

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

TPE:2867' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.15   Med: 0.21   Max: 0.3
Current: 0.3

During the past years, Mercuries Life Insurance Co's highest Cyclically Adjusted Price-to-FCF was 0.30. The lowest was 0.15. And the median was 0.21.

TPE:2867's Cyclically Adjusted Price-to-FCF is ranked better than
98.76% of 323 companies
in the Insurance industry
Industry Median: 10.99 vs TPE:2867: 0.30

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.

Mercuries Life Insurance Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$-4.313. 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$25.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mercuries Life Insurance Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mercuries Life 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.

Mercuries Life Insurance Co Cyclically Adjusted Price-to-FCF Chart

Mercuries Life 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 - 0.22 0.24 0.17 0.19

Mercuries Life 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 0.16 0.18 0.18 0.19 0.19

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

For the Insurance - Life subindustry, Mercuries Life 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.


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

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

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



Mercuries Life 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.

Mercuries Life 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
=7.52/25.12
=0.30

* 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.

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

For example, Mercuries Life 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)
=-4.313/131.7762*131.7762
=-4.313

Current CPI (Mar. 2024) = 131.7762.

Mercuries Life Insurance Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 7.636 100.560 10.006
201409 11.222 100.428 14.725
201412 3.878 99.070 5.158
201503 -4.590 99.621 -6.072
201506 5.949 100.684 7.786
201509 12.644 100.392 16.597
201512 8.303 99.792 10.964
201603 10.872 100.470 14.260
201606 5.628 101.688 7.293
201609 12.283 101.861 15.890
201612 11.898 101.863 15.392
201703 11.443 102.862 14.660
201706 9.411 103.349 12.000
201709 13.558 104.136 17.157
201712 9.116 104.011 11.549
201803 -3.622 105.290 -4.533
201806 17.051 106.317 21.134
201809 -5.079 106.507 -6.284
201812 -0.650 105.998 -0.808
201903 4.025 107.251 4.945
201906 16.781 108.070 20.462
201909 -7.265 108.329 -8.837
201912 23.959 108.420 29.120
202003 -9.571 108.902 -11.581
202006 21.527 108.767 26.081
202009 -0.659 109.815 -0.791
202012 21.081 109.897 25.278
202103 0.135 111.754 0.159
202106 14.189 114.631 16.311
202109 -7.198 115.734 -8.196
202112 16.086 117.630 18.021
202203 -6.495 121.301 -7.056
202206 -6.469 125.017 -6.819
202209 -4.645 125.227 -4.888
202212 -4.010 125.222 -4.220
202303 -3.790 127.348 -3.922
202306 -1.032 128.729 -1.056
202309 -5.824 129.860 -5.910
202312 1.500 129.419 1.527
202403 -4.313 131.776 -4.313

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.


Mercuries Life Insurance Co  (TPE:2867) 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.


Mercuries Life Insurance Co Cyclically Adjusted Price-to-FCF Related Terms

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Mercuries Life Insurance Co (TPE:2867) Business Description

Traded in Other Exchanges
N/A
Address
Shitan Road, 1st Floor, No. 58, Neihu District, Taipei, TWN, 114
Mercuries Life Insurance Co Ltd is a Taiwanese financial services company. Its product portfolio contains life insurance, health insurance, accident insurance, annuities, group insurance, and investment-linked products. Mercuries Life Insurance operations are mainly local. The company has also been developing its insurance services in overseas markets.

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