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Hallmark Financial Services (Hallmark Financial Services) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Hallmark Financial Services Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hallmark Financial Services Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hallmark Financial Services'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.

Hallmark Financial Services Cyclically Adjusted Price-to-FCF Chart

Hallmark Financial Services Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.42 11.87 3.94 4.09 -

Hallmark Financial Services Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.04 - - - -

Competitive Comparison of Hallmark Financial Services's Cyclically Adjusted Price-to-FCF

For the Insurance - Property & Casualty subindustry, Hallmark Financial Services'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.


Hallmark Financial Services's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Hallmark Financial Services 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.

Hallmark Financial Services's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Hallmark Financial Services's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-60.03/129.8595*129.8595
=-60.030

Current CPI (Sep. 2023) = 129.8595.

Hallmark Financial Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 7.782 98.326 10.278
201403 2.587 99.695 3.370
201406 7.226 100.560 9.331
201409 0.980 100.428 1.267
201412 6.318 99.070 8.282
201503 1.674 99.621 2.182
201506 14.157 100.684 18.259
201509 5.028 100.392 6.504
201512 4.539 99.792 5.907
201603 -0.800 100.470 -1.034
201606 1.669 101.688 2.131
201609 10.761 101.861 13.719
201612 2.476 101.863 3.157
201703 4.330 102.862 5.466
201706 1.643 103.349 2.064
201709 11.881 104.136 14.816
201712 -15.561 104.011 -19.428
201803 -10.817 105.290 -13.341
201806 4.828 106.317 5.897
201809 -5.228 106.507 -6.374
201812 -7.980 105.998 -9.776
201903 -2.093 107.251 -2.534
201906 4.408 108.070 5.297
201909 8.183 108.329 9.809
201912 2.355 108.420 2.821
202003 -5.671 108.902 -6.762
202006 1.209 108.767 1.443
202009 -30.921 109.815 -36.565
202012 -3.761 109.897 -4.444
202103 16.214 111.754 18.841
202106 -1.013 114.631 -1.148
202109 9.986 115.734 11.205
202112 -2.126 117.630 -2.347
202203 -34.459 121.301 -36.890
202206 -9.642 125.017 -10.015
202209 2.115 125.227 2.193
202212 -50.061 125.222 -51.915
202303 -32.527 127.348 -33.169
202306 -2.466 128.729 -2.488
202309 -60.030 129.860 -60.030

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.


Hallmark Financial Services  (OTCPK:HALL) 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.


Hallmark Financial Services Cyclically Adjusted Price-to-FCF Related Terms

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


Hallmark Financial Services (Hallmark Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
5420 Lyndon B. Johnson Freeway, Suite 1100, Two Lincoln Centre, Dallas, TX, USA, 75240
Hallmark Financial Services Inc is an insurance holding company, which is engaged in the sale of property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting, and servicing insurance products, as well as providing other insurance-related services. The company operates in segments such as Standard Commercial Segment, Specialty Commercial Segment, and Personal Segment. Geographically, it operates through the region of United States and derives a majority of its revenue from Specialty Commercial Segment, which includes Commercial Auto business unit, E&S Casualty business unit, E&S Property business unit, Professional Liability business unit, and Aerospace & Programs business unit.
Executives
Doug Slape director 5420 LYNDON B JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Christopher James Kenney officer: Chief Accounting Officer 5420 LYNDON B JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240-2345
Naveen Anand officer: President & CEO 777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Scott T Berlin director 14651 DALLAS PARKWAY STE 900, DALLAS TX 75254
James H Graves director ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205
Jeffrey R Passmore officer: CHIEF ACCOUNTING OFFICER 777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Mark E Pape director 12050 MEADOW LAKE DRIVE, ARGYLE TX 76226
Kevin Kasitz officer: PRESIDENT OF SUBSIDIARY
Mark E Schwarz director, 10 percent owner, officer: C.E.O. & CHAIRMAN 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Mark J Morrison officer: CHIEF FINANCIAL OFFICER 777 W MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Ncm Services, Inc. 10 percent owner 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Schwarz 2012 Family Trust 10 percent owner 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Detroit Stoker Co other: See Explanation 1510 E. FIRST ST., MONROE MI 48161
Jim W Henderson director
Newcastle Special Opportunity Fund I, L.p. other: see attached explanation 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201

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