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CIG Pannonia Life Insurance OJSC (BUD:CIGPANNONIA) Cyclically Adjusted FCF per Share : Ft38.22 (As of Mar. 2024)


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What is CIG Pannonia Life Insurance OJSC 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.

CIG Pannonia Life Insurance OJSC's adjusted free cash flow per share for the three months ended in Mar. 2024 was Ft0.847. 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 Ft38.22 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CIG Pannonia Life Insurance OJSC's average Cyclically Adjusted FCF Growth Rate was 12.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.80% 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 CIG Pannonia Life Insurance OJSC was 18.80% per year. The lowest was 7.00% per year. And the median was 12.90% per year.

As of today (2024-06-09), CIG Pannonia Life Insurance OJSC's current stock price is Ft358.00. CIG Pannonia Life Insurance OJSC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Ft38.22. CIG Pannonia Life Insurance OJSC's Cyclically Adjusted Price-to-FCF of today is 9.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CIG Pannonia Life Insurance OJSC was 16.92. The lowest was 4.55. And the median was 9.60.


CIG Pannonia Life Insurance OJSC Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CIG Pannonia Life Insurance OJSC'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.

CIG Pannonia Life Insurance OJSC Cyclically Adjusted FCF per Share Chart

CIG Pannonia Life Insurance OJSC 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 24.41 21.83 25.57 29.89 36.64

CIG Pannonia Life Insurance OJSC 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 33.96 33.66 36.53 36.64 38.22

Competitive Comparison of CIG Pannonia Life Insurance OJSC's Cyclically Adjusted FCF per Share

For the Insurance - Life subindustry, CIG Pannonia Life Insurance OJSC'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.


CIG Pannonia Life Insurance OJSC's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

* The bar in red indicates where CIG Pannonia Life Insurance OJSC's Cyclically Adjusted Price-to-FCF falls into.



CIG Pannonia Life Insurance OJSC 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, CIG Pannonia Life Insurance OJSC'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)
=0.847/163.8786*163.8786
=0.847

Current CPI (Mar. 2024) = 163.8786.

CIG Pannonia Life Insurance OJSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.723 100.370 -2.813
201409 3.560 100.074 5.830
201412 9.226 98.816 15.301
201503 -1.870 99.704 -3.074
201506 2.416 100.962 3.922
201509 5.025 99.704 8.259
201512 8.887 99.704 14.607
201603 7.171 99.482 11.813
201606 4.929 100.814 8.012
201609 5.186 100.370 8.467
201612 -4.591 101.406 -7.419
201703 43.320 102.147 69.500
201706 -27.091 102.724 -43.219
201709 12.657 102.902 20.157
201712 17.065 103.627 26.987
201803 -5.151 104.219 -8.100
201806 19.213 105.922 29.726
201809 2.229 106.588 3.427
201812 39.594 106.440 60.960
201903 0.828 108.068 1.256
201906 19.465 109.475 29.138
201909 11.490 109.623 17.177
201912 -9.313 110.659 -13.792
202003 1.616 112.287 2.358
202006 -11.653 112.583 -16.962
202009 7.347 113.398 10.618
202012 -1.408 113.694 -2.029
202103 3.417 116.358 4.812
202106 3.214 118.579 4.442
202109 15.146 119.541 20.764
202112 22.446 122.058 30.137
202203 11.458 126.351 14.861
202206 -0.404 132.420 -0.500
202209 5.433 143.597 6.200
202212 -0.349 152.036 -0.376
202303 30.563 158.105 31.679
202306 -2.501 158.993 -2.578
202309 16.242 161.140 16.518
202312 5.194 160.400 5.307
202403 0.847 163.879 0.847

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


CIG Pannonia Life Insurance OJSC  (BUD:CIGPANNONIA) 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.

CIG Pannonia Life Insurance OJSC's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=358.00/38.22
=9.37

* 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 CIG Pannonia Life Insurance OJSC was 16.92. The lowest was 4.55. And the median was 9.60.


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.


CIG Pannonia Life Insurance OJSC Cyclically Adjusted FCF per Share Related Terms

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


CIG Pannonia Life Insurance OJSC (BUD:CIGPANNONIA) Business Description

Traded in Other Exchanges
Address
11 Könyves Kálmán Krt, Building B, Népliget Center Business Center, Budapest, HUN, 1097
CIG Pannonia Life Insurance OJSC is an insurance company. It mainly sells various insurance products including unit-linked life insurance, term life insurance, endowment insurance, health insurance, casco, freight liability and suretyship insurance and also offers investment fund management and portfolio management. The company carries its activities in Hungary, Romania, Slovakia, Poland, Lithuania, and Italy. In addition, the company sells riders and non-life insurance products.

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