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Aegon (AEG) Cyclically Adjusted Price-to-FCF : 8.61 (As of Apr. 28, 2024)


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What is Aegon Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Aegon's current share price is $6.20. Aegon's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $0.72. Aegon's Cyclically Adjusted Price-to-FCF for today is 8.61.

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

AEG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.73   Med: 13.24   Max: 692
Current: 8.75

During the past 13 years, Aegon's highest Cyclically Adjusted Price-to-FCF was 692.00. The lowest was 2.73. And the median was 13.24.

AEG's Cyclically Adjusted Price-to-FCF is ranked better than
60.49% of 324 companies
in the Insurance industry
Industry Median: 11.03 vs AEG: 8.75

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.

Aegon's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $0.344. 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 $0.72 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aegon Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aegon'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.

Aegon Cyclically Adjusted Price-to-FCF Chart

Aegon 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 6.08 6.69 14.85 9.20 7.89

Aegon Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 14.85 - 9.20 - 7.89

Competitive Comparison of Aegon's Cyclically Adjusted Price-to-FCF

For the Insurance - Diversified subindustry, Aegon'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.


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

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

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



Aegon 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.

Aegon's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.20/0.72
=8.61

* 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.

Aegon's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Aegon's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.344/126.4000*126.4000
=0.344

Current CPI (Dec23) = 126.4000.

Aegon Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.852 99.050 2.363
201512 0.313 99.730 0.397
201612 1.298 100.710 1.629
201712 0.202 101.970 0.250
201812 0.172 103.970 0.209
201912 3.041 106.800 3.599
202012 -1.389 107.850 -1.628
202112 -0.829 114.010 -0.919
202212 1.071 124.940 1.084
202312 0.344 126.400 0.344

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.


Aegon  (NYSE:AEG) 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.


Aegon Cyclically Adjusted Price-to-FCF Related Terms

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


Aegon (AEG) Business Description

Industry
Address
Aegonplein 50, P.O. Box 85, The Hague, ZH, NLD, 2591 TV
Aegon Ltd is a life insurance and long-term savings company listed in the Netherlands. It listed on the Amsterdam Stock Exchange in the 1980s and now has mature operations in the United States, United Kingdom, and four growth markets of Brazil, China, Portugal, and Spain. Over recent years, Aegon has been moving through a substantial transformation program where management has sought to divest noncore operations and improve the risk profile of the business by separating the company into strategic and financial assets. Financial assets are the parts of the business that are now being run down. Here, Aegon is looking to cycle out of highly capital-consumptive and volatile earnings products and recycle funds into capital-light and more predictable strategic business groups.

Aegon (AEG) Headlines

From GuruFocus

Aegon Bank has set up an additional Covered Bond Program

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Aegon's Global Chief Technology Officer Mark Bloom to step down

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Aegon Bank publishes its first half 2021 report

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Aegon publishes agenda for 2021 Annual General Meeting

By Business Wire Business Wire 04-22-2021

Maarten Edixhoven to leave Aegon the Netherlands

By Business Wire Business Wire 05-11-2021

Aegon closes the sale of Stonebridge

By Business Wire Business Wire 03-01-2021

Aegon calls USD 250 million in perpetual capital securities

By Business Wire Business Wire 08-12-2021

AM Best Affirms Credit Ratings of Aegon N.V.'s U.S. Subsidiaries

By Business Wire Business Wire 11-03-2022

Aegon completes share buyback program

By Business Wire Business Wire 10-27-2021