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Humana (BSP:H1UM34) Cyclically Adjusted FCF per Share : R$2.34 (As of Mar. 2024)


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What is Humana Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Humana's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$0.224. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$2.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Humana's average Cyclically Adjusted FCF Growth Rate was -13.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Humana was 33.70% per year. The lowest was -18.10% per year. And the median was 13.50% per year.

As of today (2024-05-24), Humana's current stock price is R$40.21. Humana's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$2.34. Humana's Cyclically Adjusted Price-to-FCF of today is 17.18.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Humana was 31.96. The lowest was 11.19. And the median was 23.62.


Humana Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Humana's Cyclically Adjusted FCF per Share 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.

Humana Cyclically Adjusted FCF per Share Chart

Humana Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.70 2.04 2.21 2.25

Humana Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 2.73 2.84 3.01 2.25 2.34

Competitive Comparison of Humana's Cyclically Adjusted FCF per Share

For the Healthcare Plans subindustry, Humana'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.


Humana's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Humana's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Humana Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Humana'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)
=0.224/131.7762*131.7762
=0.224

Current CPI (Mar. 2024) = 131.7762.

Humana Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.098 100.560 -0.128
201409 0.269 100.428 0.353
201412 0.010 99.070 0.013
201503 -0.007 99.621 -0.009
201506 -0.340 100.684 -0.445
201509 0.523 100.392 0.687
201512 0.113 99.792 0.149
201603 0.205 100.470 0.269
201606 -0.215 101.688 -0.279
201609 2.091 101.861 2.705
201612 -1.433 101.863 -1.854
201703 1.906 102.862 2.442
201706 -0.109 103.349 -0.139
201709 1.303 104.136 1.649
201712 -1.572 104.011 -1.992
201803 1.864 105.290 2.333
201806 -0.159 106.317 -0.197
201809 -0.803 106.507 -0.994
201812 -0.319 105.998 -0.397
201903 0.475 107.251 0.584
201906 0.807 108.070 0.984
201909 1.525 108.329 1.855
201912 0.193 108.420 0.235
202003 0.231 108.902 0.280
202006 2.462 108.767 2.983
202009 1.410 109.815 1.692
202012 -0.011 109.897 -0.013
202103 -1.089 111.754 -1.284
202106 0.027 114.631 0.031
202109 2.277 115.734 2.593
202112 -0.479 117.630 -0.537
202203 0.006 121.301 0.007
202206 0.600 125.017 0.632
202209 7.471 125.227 7.862
202212 -4.979 125.222 -5.240
202303 5.959 127.348 6.166
202306 2.511 128.729 2.570
202309 0.901 129.860 0.914
202312 -6.560 129.419 -6.679
202403 0.224 131.776 0.224

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Humana  (BSP:H1UM34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Humana's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=40.21/2.34
=17.18

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Humana was 31.96. The lowest was 11.19. And the median was 23.62.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Humana Cyclically Adjusted FCF per Share Related Terms

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


Humana (BSP:H1UM34) Business Description

Industry
Traded in Other Exchanges
Address
500 West Main Street, Louisville, KY, USA, 40202
Humana is one of the largest private health insurers in the U.S. with a focus on administering Medicare Advantage plans. The firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from individual and group Medicare Advantage, Medicaid, and the military's Tricare program. The firm is also a leader in stand-alone prescription drug plans for seniors enrolled in traditional fee-for-service Medicare. Beyond medical insurance, the company provides other healthcare services, including primary-care services, at-home services, and pharmacy benefit management.

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