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Talanx AG (XTER:TLX) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is Talanx AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Talanx AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Talanx 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.

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Talanx AG Cyclically Adjusted Price-to-FCF Chart

Talanx AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Talanx AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Talanx AG's Cyclically Adjusted Price-to-FCF

For the Insurance - Diversified subindustry, Talanx 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.


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

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

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



Talanx 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.

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

For example, Talanx AG'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)
=0/123.6675*123.6675
=0.000

Current CPI (Dec. 2023) = 123.6675.

Talanx AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 6.151 99.543 7.642
201406 6.278 99.543 7.800
201409 5.178 99.823 6.415
201412 3.457 99.543 4.295
201503 12.527 99.717 15.536
201506 2.464 100.417 3.035
201509 2.013 100.417 2.479
201512 5.221 99.717 6.475
201603 5.684 100.017 7.028
201606 5.107 100.717 6.271
201609 3.321 101.017 4.066
201612 1.080 101.217 1.320
201703 8.480 101.417 10.340
201706 4.652 102.117 5.634
201709 4.135 102.717 4.978
201712 0.084 102.617 0.101
201803 9.878 102.917 11.870
201806 2.563 104.017 3.047
201809 4.859 104.718 5.738
201812 -3.796 104.217 -4.504
201903 10.887 104.217 12.919
201906 7.239 105.718 8.468
201909 6.550 106.018 7.640
201912 0.561 105.818 0.656
202003 2.368 105.718 2.770
202006 9.019 106.618 10.461
202009 6.859 105.818 8.016
202012 4.135 105.518 4.846
202103 0.000 107.518 0.000
202106 0.000 108.486 0.000
202109 0.000 109.435 0.000
202112 0.000 110.384 0.000
202203 0.000 113.968 0.000
202206 0.000 115.760 0.000
202209 0.000 118.818 0.000
202212 0.000 119.345 0.000
202303 0.000 122.402 0.000
202306 0.000 123.140 0.000
202309 0.000 124.195 0.000
202312 0.000 123.668 0.000

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.


Talanx AG  (XTER:TLX) 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.


Talanx AG Cyclically Adjusted Price-to-FCF Related Terms

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


Talanx AG (XTER:TLX) Business Description

Industry
Traded in Other Exchanges
Address
HDI-Platz 1, Hannover, NI, DEU, 30659
Talanx is the third largest insurer in Germany. It sells insurance to businesses, personal lines insurance, and also reinsurance. The origins of Talanx go back to the early 1900s and the founding of two mutuals in Germany, HDI and FSV, that were set up to provide liability insurance to the German iron and steel industry, and fire insurance to the German mining industry because of a growing dissatisfaction with their insurance providers, respectively. These two mutuals merged to form Halfplichtverband der Deutschen Industrie, or HDI, in 1970. Over the years companies outside of metals and mining have joined the mutual.HDI started providing reinsurance services in the mid-1920s and private insurance in the 1950s, and today, HDI owns over three quarters of Talanx.
Executives
Sebastian Gascard Supervisory Board

Talanx AG (XTER:TLX) Headlines

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