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CNO Financial Group (CNO Financial Group) Cyclically Adjusted Price-to-FCF : 5.97 (As of Apr. 27, 2024)


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What is CNO Financial Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), CNO Financial Group's current share price is $26.40. CNO Financial Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.42. CNO Financial Group's Cyclically Adjusted Price-to-FCF for today is 5.97.

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

CNO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.08   Med: 5.47   Max: 8.23
Current: 5.98

During the past years, CNO Financial Group's highest Cyclically Adjusted Price-to-FCF was 8.23. The lowest was 2.08. And the median was 5.47.

CNO's Cyclically Adjusted Price-to-FCF is ranked better than
70.68% of 324 companies
in the Insurance industry
Industry Median: 11.03 vs CNO: 5.98

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.

CNO Financial Group's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.555. 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 $4.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CNO Financial Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CNO Financial Group'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.

CNO Financial Group Cyclically Adjusted Price-to-FCF Chart

CNO Financial Group 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 5.73 6.47 6.23 5.46 6.31

CNO Financial Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5.46 5.20 5.46 5.36 6.31

Competitive Comparison of CNO Financial Group's Cyclically Adjusted Price-to-FCF

For the Insurance - Life subindustry, CNO Financial Group'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.


CNO Financial Group's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



CNO Financial Group 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.

CNO Financial Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.40/4.42
=5.97

* 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.

CNO Financial Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, CNO Financial Group'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)
=1.555/129.4194*129.4194
=1.555

Current CPI (Dec. 2023) = 129.4194.

CNO Financial Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -2.180 99.695 -2.830
201406 0.745 100.560 0.959
201409 0.886 100.428 1.142
201412 1.101 99.070 1.438
201503 0.606 99.621 0.787
201506 1.050 100.684 1.350
201509 1.065 100.392 1.373
201512 1.131 99.792 1.467
201603 0.788 100.470 1.015
201606 1.088 101.688 1.385
201609 1.395 101.861 1.772
201612 1.090 101.863 1.385
201703 0.819 102.862 1.030
201706 0.827 103.349 1.036
201709 0.956 104.136 1.188
201712 1.080 104.011 1.344
201803 0.426 105.290 0.524
201806 1.021 106.317 1.243
201809 -0.782 106.507 -0.950
201812 1.236 105.998 1.509
201903 0.877 107.251 1.058
201906 1.098 108.070 1.315
201909 1.244 108.329 1.486
201912 1.227 108.420 1.465
202003 0.862 108.902 1.024
202006 1.385 108.767 1.648
202009 1.530 109.815 1.803
202012 1.380 109.897 1.625
202103 0.654 111.754 0.757
202106 1.113 114.631 1.257
202109 1.866 115.734 2.087
202112 0.954 117.630 1.050
202203 0.466 121.301 0.497
202206 0.943 125.017 0.976
202209 1.445 125.227 1.493
202212 1.379 125.222 1.425
202303 0.715 127.348 0.727
202306 1.224 128.729 1.231
202309 1.597 129.860 1.592
202312 1.555 129.419 1.555

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.


CNO Financial Group  (NYSE:CNO) 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.


CNO Financial Group Cyclically Adjusted Price-to-FCF Related Terms

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


CNO Financial Group (CNO Financial Group) Business Description

Traded in Other Exchanges
Address
11825 N. Pennsylvania Street, Carmel, IN, USA, 46032
CNO Financial Group Inc is a holding company for a group of insurance companies that offers middle-income American consumers insurance and securities products through exclusive agents, independent producers, and direct marketing. Consumers are served through the phone, online, mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for the majority of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.
Executives
Jeanne L. Linnenbringer officer: EVP and COO 11825 N. PENNSYLVANIA ST., CARMEL IN 46032
Tarasi Rocco F Iii officer: Chief Marketing Officer C/O ITT EDUCATIONAL SERVICES INC, 13000 NORTH MERIDIAN STREET, CARMEL IN 46032
John R Kline officer: SVP & CAO 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Yvonne K Franzese officer: EVP and Chief HR Officer 200 LAKE STREET EAST, WAYZATA MN 55391
Karen Detoro officer: Chief Actuary and CRO C/O CNO FINANCIAL GROUP, INC., 11825 NORTH PENNSYLVANIA STREET, CARMEL IN 46032
Scott L. Goldberg officer: President, Consumer Division 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Gary C Bhojwani director, officer: Chief Executive Officer 1 HORMEL PLACE, AUSTIN MN 55912
Steven E Shebik director 2775 SANDERS ROAD, NORTHBROOK IL 60062
Brown Archie M Jr director 255 E FIFTH STREET, CINCINNATI OH 45202
Adrianne Lee director 799 WEST COLISEUM WAY, MIDVALE UT 84047
Matthew J. Zimpfer officer: EVP and General Counsel 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Michael E. Mead officer: EVP and CIO 11825 N. PENNSYLVANIA ST., CARMEL IN 46032
Frederick James Sievert director 260 SOUTH LAKE DRIVE, STAMFORD CT 06903
Chetlur S Ragavan director 230 PARK AVENUE, NEW YORK NY 10169
Dan Maurer director C/O ZAGG INC., 3855 SOUTH 500 WEST, SUITE N, SALT LAKE CITY UT 84115