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Chubb (STU:AEX) Cyclically Adjusted FCF per Share : €9.36 (As of Mar. 2024)


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What is Chubb 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.

Chubb's adjusted free cash flow per share for the three months ended in Mar. 2024 was €7.230. 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 €9.36 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chubb's average Cyclically Adjusted FCF Growth Rate was 11.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 3.60% 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 Chubb was 37.80% per year. The lowest was -3.60% per year. And the median was 8.00% per year.

As of today (2024-05-15), Chubb's current stock price is €130.00. Chubb's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €9.36. Chubb's Cyclically Adjusted Price-to-FCF of today is 13.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Chubb was 15.24. The lowest was 6.62. And the median was 11.97.


Chubb Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Chubb'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.

Chubb Cyclically Adjusted FCF per Share Chart

Chubb 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 9.65 10.63 9.61 9.52 10.50

Chubb 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 11.16 11.51 11.18 10.50 9.36

Competitive Comparison of Chubb's Cyclically Adjusted FCF per Share

For the Insurance - Property & Casualty subindustry, Chubb'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.


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

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

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



Chubb 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, Chubb'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)
=7.23/106.4611*106.4611
=7.230

Current CPI (Mar. 2024) = 106.4611.

Chubb Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.825 101.517 1.914
201409 2.588 101.247 2.721
201412 3.086 100.704 3.262
201503 2.995 100.339 3.178
201506 2.212 100.464 2.344
201509 2.200 99.785 2.347
201512 3.262 99.386 3.494
201603 2.035 99.475 2.178
201606 2.140 100.088 2.276
201609 3.183 99.604 3.402
201612 2.925 99.380 3.133
201703 2.004 100.040 2.133
201706 1.183 100.285 1.256
201709 3.186 100.254 3.383
201712 1.964 100.213 2.086
201803 0.952 100.836 1.005
201806 3.008 101.435 3.157
201809 3.126 101.246 3.287
201812 3.004 100.906 3.169
201903 2.535 101.571 2.657
201906 2.666 102.044 2.781
201909 4.370 101.396 4.588
201912 2.821 101.063 2.972
202003 3.409 101.048 3.592
202006 3.905 100.743 4.127
202009 6.638 100.585 7.026
202012 4.616 100.241 4.902
202103 3.900 100.800 4.119
202106 5.785 101.352 6.077
202109 6.440 101.533 6.753
202112 5.319 101.776 5.564
202203 5.163 103.205 5.326
202206 6.053 104.783 6.150
202209 8.265 104.835 8.393
202212 5.988 104.666 6.091
202303 5.031 106.245 5.041
202306 5.586 106.576 5.580
202309 10.628 106.570 10.617
202312 7.113 106.461 7.113
202403 7.230 106.461 7.230

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


Chubb  (STU:AEX) 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.

Chubb's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=130.00/9.36
=13.89

* 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 Chubb was 15.24. The lowest was 6.62. And the median was 11.97.


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.


Chubb Cyclically Adjusted FCF per Share Related Terms

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


Chubb (STU:AEX) Business Description

Industry
Traded in Other Exchanges
Address
Baerengasse 32, Zurich, CHE, CH-8001
ACE acquired Chubb in the first quarter of 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.

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