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Protector Forsikring ASA (OSL:PROT) Cyclically Adjusted FCF per Share : kr4.10 (As of Mar. 2024)


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What is Protector Forsikring ASA Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Protector Forsikring ASA's adjusted free cash flow per share for the three months ended in Mar. 2024 was kr7.719. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is kr4.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Protector Forsikring ASA's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Protector Forsikring ASA was 18.40% per year. The lowest was 2.30% per year. And the median was 11.25% per year.

As of today (2024-04-27), Protector Forsikring ASA's current stock price is kr224.00. Protector Forsikring ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr4.10. Protector Forsikring ASA's Cyclically Adjusted Price-to-FCF of today is 54.63.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Protector Forsikring ASA was 67.56. The lowest was 5.62. And the median was 26.59.


Protector Forsikring ASA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Protector Forsikring ASA's Cyclically Adjusted FCF per Share 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.

Protector Forsikring ASA Cyclically Adjusted FCF per Share Chart

Protector Forsikring ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.83 3.14 4.22 4.39 3.36

Protector Forsikring ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 5.16 3.84 4.04 3.36 4.10

Competitive Comparison of Protector Forsikring ASA's Cyclically Adjusted FCF per Share

For the Insurance - Specialty subindustry, Protector Forsikring ASA'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.


Protector Forsikring ASA's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Protector Forsikring ASA Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Protector Forsikring ASA'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)
=7.719/131.9000*131.9000
=7.719

Current CPI (Mar. 2024) = 131.9000.

Protector Forsikring ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.262 97.500 1.707
201409 -1.733 98.500 -2.321
201412 6.293 98.600 8.418
201503 -3.871 99.200 -5.147
201506 -0.947 100.100 -1.248
201509 0.263 100.600 0.345
201512 -0.623 100.900 -0.814
201603 -0.916 102.500 -1.179
201606 0.838 103.800 1.065
201609 -3.934 104.200 -4.980
201612 7.348 104.400 9.284
201703 -8.547 105.000 -10.737
201706 0.271 105.800 0.338
201709 -1.619 105.900 -2.016
201712 2.181 106.100 2.711
201803 -2.428 107.300 -2.985
201806 4.550 108.500 5.531
201809 -0.350 109.500 -0.422
201812 5.477 109.800 6.579
201903 3.904 110.400 4.664
201906 1.817 110.600 2.167
201909 7.982 111.100 9.476
201912 2.701 111.300 3.201
202003 5.838 111.200 6.925
202006 -7.450 112.100 -8.766
202009 -0.971 112.900 -1.134
202012 1.884 112.900 2.201
202103 0.729 114.600 0.839
202106 13.369 115.300 15.294
202109 -5.318 117.500 -5.970
202112 2.349 118.900 2.606
202203 2.432 119.800 2.678
202206 3.678 122.600 3.957
202209 7.582 125.600 7.962
202212 -15.840 125.900 -16.595
202303 15.526 127.600 16.049
202306 -12.555 130.400 -12.699
202309 2.020 129.800 2.053
202312 -5.789 131.900 -5.789
202403 7.719 131.900 7.719

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Protector Forsikring ASA  (OSL:PROT) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Protector Forsikring ASA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=224.00/4.1
=54.63

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Protector Forsikring ASA was 67.56. The lowest was 5.62. And the median was 26.59.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Protector Forsikring ASA Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Protector Forsikring ASA's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Protector Forsikring ASA (OSL:PROT) Business Description

Traded in Other Exchanges
Address
Stoperigata 2, PB 1351 Vika, Oslo, NOR, 0113
Protector Forsikring ASA provides a wide range of insurance products to companies and public organizations, primarily in Norway, Sweden, and Denmark. Protector's products include workers' compensation, group life, accident, health, property, motor, liability, cargo, and change of ownership insurance. Insurance premiums provide nearly all of the company's revenue. Protector's commercial business provides insurance for more than 5,000 companies, most of which have annual insurance premiums between NOK 100,000 and NOK 3 million. The public business provides coverage to more than 500 municipalities and 30 countries.

Protector Forsikring ASA (OSL:PROT) Headlines

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