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Swiss Re AG (XSWX:SREN) Cyclically Adjusted Price-to-FCF : 8.35 (As of Apr. 29, 2024)


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What is Swiss Re AG Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Swiss Re AG's current share price is CHF99.50. Swiss Re AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was CHF11.92. Swiss Re AG's Cyclically Adjusted Price-to-FCF for today is 8.35.

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

XSWX:SREN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.4   Med: 8.95   Max: 92.19
Current: 8.35

During the past 13 years, Swiss Re AG's highest Cyclically Adjusted Price-to-FCF was 92.19. The lowest was 6.40. And the median was 8.95.

XSWX:SREN's Cyclically Adjusted Price-to-FCF is ranked better than
61.04% of 326 companies
in the Insurance industry
Industry Median: 11.03 vs XSWX:SREN: 8.35

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.

Swiss Re AG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was CHF11.478. 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 CHF11.92 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swiss Re AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Swiss Re AG'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.

Swiss Re AG Cyclically Adjusted Price-to-FCF Chart

Swiss Re AG 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 12.71 8.22 8.10 7.72 7.93

Swiss Re AG 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 8.10 - 7.72 - 7.93

Competitive Comparison of Swiss Re AG's Cyclically Adjusted Price-to-FCF

For the Insurance - Reinsurance subindustry, Swiss Re AG'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.


Swiss Re AG's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Swiss Re AG 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.

Swiss Re AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=99.50/11.92
=8.35

* 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.

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

For example, Swiss Re AG'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)
=11.478/106.4611*106.4611
=11.478

Current CPI (Dec23) = 106.4611.

Swiss Re AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 9.901 100.704 10.467
201512 14.175 99.386 15.184
201612 16.880 99.380 18.083
201712 4.002 100.213 4.252
201812 4.971 100.906 5.245
201912 13.959 101.063 14.705
202012 16.574 100.241 17.602
202112 12.453 101.776 13.026
202212 8.997 104.666 9.151
202312 11.478 106.461 11.478

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.


Swiss Re AG  (XSWX:SREN) 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.


Swiss Re AG Cyclically Adjusted Price-to-FCF Related Terms

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


Swiss Re AG (XSWX:SREN) Business Description

Industry
Address
Mythenquai 50/60, Zurich, CHE, 8022
Swiss Re is a reinsurer that has three core divisions: property and casualty reinsurance, life and health reinsurance, and corporate solutions. Swiss Re was founded in 1863 when the general manager of Helvetia sought to stem the flow of reinsurance premiums outside Switzerland. Moritz Grossmann argued he could cut the premiums paid to foreign firms, still make a profit, and pay mid-single-digit dividends. Swiss Re is now the second-largest reinsurer in the world by market cap, has 80 offices globally, and employs nearly 15,000 people. While the business did lose its way in the early part of the millennium, led by an ex-investment banker who took the business heavily into securitizations, lately Swiss Re has been focused on establishing quality within its three core divisions.

Swiss Re AG (XSWX:SREN) Headlines