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China Life Insurance Co (China Life Insurance Co) Cyclically Adjusted Price-to-FCF : 4.35 (As of May. 15, 2024)


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

As of today (2024-05-15), China Life Insurance Co's current share price is $1.4801. China Life Insurance Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.34. China Life Insurance Co's Cyclically Adjusted Price-to-FCF for today is 4.35.

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

CILJF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.29   Med: 5.62   Max: 9.69
Current: 3.95

During the past years, China Life Insurance Co's highest Cyclically Adjusted Price-to-FCF was 9.69. The lowest was 3.29. And the median was 5.62.

CILJF's Cyclically Adjusted Price-to-FCF is ranked better than
81.48% of 324 companies
in the Insurance industry
Industry Median: 11.175 vs CILJF: 3.95

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.

China Life Insurance Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.894. 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 $0.34 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for China 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.

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

China 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 7.08 7.38 5.26 5.68 3.72

China 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 4.69 4.82 4.80 3.72 3.53

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

For the Insurance - Life subindustry, China 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.


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

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

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



China 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.

China 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
=1.4801/0.34
=4.35

* 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.

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

For example, China 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)
=0.894/114.6694*114.6694
=0.894

Current CPI (Mar. 2024) = 114.6694.

China Life Insurance Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.058 98.200 -0.068
201409 0.000 98.900 0.000
201412 0.201 99.000 0.233
201503 -0.002 99.900 -0.002
201506 0.137 99.500 0.158
201509 0.072 100.500 0.082
201512 -0.334 100.600 -0.381
201603 -0.002 102.200 -0.002
201606 -0.075 101.400 -0.085
201609 0.126 102.400 0.141
201612 0.364 102.600 0.407
201703 0.515 103.200 0.572
201706 0.188 103.100 0.209
201709 0.180 104.100 0.198
201712 0.097 104.500 0.106
201803 0.115 105.300 0.125
201806 0.086 104.900 0.094
201809 0.147 106.600 0.158
201812 0.297 106.500 0.320
201903 0.579 107.700 0.616
201906 0.189 107.700 0.201
201909 0.267 109.800 0.279
201912 0.367 111.200 0.378
202003 0.618 112.300 0.631
202006 0.277 110.400 0.288
202009 0.287 111.700 0.295
202012 0.334 111.500 0.343
202103 0.869 112.662 0.884
202106 0.198 111.769 0.203
202109 0.260 112.215 0.266
202112 0.209 113.108 0.212
202203 0.976 114.335 0.979
202206 0.357 114.558 0.357
202209 0.231 115.339 0.230
202212 0.317 115.116 0.316
202303 0.905 115.116 0.901
202306 0.400 114.558 0.400
202309 0.385 115.339 0.383
202312 0.240 114.669 0.240
202403 0.894 114.669 0.894

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.


China Life Insurance Co  (OTCPK:CILJF) 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.


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

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China Life Insurance Co (China Life Insurance Co) Business Description

Traded in Other Exchanges
Address
No. 16, Financial Street, Xicheng District, Beijing, CHN, 100033
With headquarters in Beijing and commanding about 20% market share, China Life Insurance is the largest life insurance company in China. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.