GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sun Life Financial Inc (NYSE:SLF) » Definitions » Cyclically Adjusted FCF per Share

Sun Life Financial (Sun Life Financial) Cyclically Adjusted FCF per Share : $4.68 (As of Dec. 2023)


View and export this data going back to 2000. Start your Free Trial

What is Sun Life Financial 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.

Sun Life Financial's adjusted free cash flow per share for the three months ended in Dec. 2023 was $4.308. 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 $4.68 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Sun Life Financial's average Cyclically Adjusted FCF Growth Rate was 19.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.00% 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 Sun Life Financial was 19.20% per year. The lowest was -16.90% per year. And the median was 6.30% per year.

As of today (2024-04-28), Sun Life Financial's current stock price is $51.67. Sun Life Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.68. Sun Life Financial's Cyclically Adjusted Price-to-FCF of today is 11.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Sun Life Financial was 25.55. The lowest was 10.38. And the median was 14.63.


Sun Life Financial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Sun Life Financial'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.

Sun Life Financial Cyclically Adjusted FCF per Share Chart

Sun Life Financial 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 2.70 3.86 3.42 3.83 4.68

Sun Life Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.83 3.74 4.04 4.11 4.68

Competitive Comparison of Sun Life Financial's Cyclically Adjusted FCF per Share

For the Insurance - Diversified subindustry, Sun Life Financial'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.


Sun Life Financial's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Sun Life Financial 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, Sun Life Financial's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.308/125.4675*125.4675
=4.308

Current CPI (Dec. 2023) = 125.4675.

Sun Life Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.231 98.604 0.294
201406 1.077 99.473 1.358
201409 1.366 99.394 1.724
201412 -0.089 98.367 -0.114
201503 1.116 99.789 1.403
201506 0.718 100.500 0.896
201509 1.514 100.421 1.892
201512 2.000 99.947 2.511
201603 0.368 101.054 0.457
201606 1.633 102.002 2.009
201609 0.749 101.765 0.923
201612 1.605 101.449 1.985
201703 -0.798 102.634 -0.976
201706 1.544 103.029 1.880
201709 0.776 103.345 0.942
201712 0.763 103.345 0.926
201803 0.541 105.004 0.646
201806 0.467 105.557 0.555
201809 1.367 105.636 1.624
201812 2.254 105.399 2.683
201903 -1.563 106.979 -1.833
201906 2.366 107.690 2.757
201909 0.207 107.611 0.241
201912 2.035 107.769 2.369
202003 -0.234 107.927 -0.272
202006 3.830 108.401 4.433
202009 3.992 108.164 4.631
202012 1.485 108.559 1.716
202103 -1.374 110.298 -1.563
202106 0.331 111.720 0.372
202109 1.158 112.905 1.287
202112 -2.677 113.774 -2.952
202203 -0.656 117.646 -0.700
202206 2.629 120.806 2.730
202209 2.346 120.648 2.440
202212 1.142 120.964 1.185
202303 -0.059 122.702 -0.060
202306 0.315 124.203 0.318
202309 2.326 125.230 2.330
202312 4.308 125.468 4.308

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


Sun Life Financial  (NYSE:SLF) 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.

Sun Life Financial's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=51.67/4.68
=11.04

* 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 Sun Life Financial was 25.55. The lowest was 10.38. And the median was 14.63.


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.


Sun Life Financial Cyclically Adjusted FCF per Share Related Terms

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


Sun Life Financial (Sun Life Financial) Business Description

Address
1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6
Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 38% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the second quarter of 2023. The Canada business contributes about 32% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributes approximately 14% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 16% of earnings.