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Greenlight Capital Re (FRA:G8L) Cyclically Adjusted FCF per Share : €-1.05 (As of Mar. 2024)


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What is Greenlight Capital Re 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.

Greenlight Capital Re's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.477. 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 €-1.05 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -11.60% 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 Greenlight Capital Re was 38.70% per year. The lowest was -43.90% per year. And the median was 2.90% per year.

As of today (2024-06-11), Greenlight Capital Re's current stock price is €11.60. Greenlight Capital Re's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-1.05. Greenlight Capital Re's Cyclically Adjusted Price-to-FCF of today is .


Greenlight Capital Re Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Greenlight Capital Re'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.

Greenlight Capital Re Cyclically Adjusted FCF per Share Chart

Greenlight Capital Re 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 -0.82 -1.03 -1.24 -1.38 -1.07

Greenlight Capital Re 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 -1.31 -1.21 -1.34 -1.07 -1.05

Competitive Comparison of Greenlight Capital Re's Cyclically Adjusted FCF per Share

For the Insurance - Reinsurance subindustry, Greenlight Capital Re'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.


Greenlight Capital Re's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Greenlight Capital Re 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, Greenlight Capital Re'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)
=0.477/131.7762*131.7762
=0.477

Current CPI (Mar. 2024) = 131.7762.

Greenlight Capital Re Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.559 100.560 -0.733
201409 -0.989 100.428 -1.298
201412 -1.017 99.070 -1.353
201503 -0.452 99.621 -0.598
201506 -0.538 100.684 -0.704
201509 -0.092 100.392 -0.121
201512 -0.324 99.792 -0.428
201603 -0.175 100.470 -0.230
201606 0.147 101.688 0.190
201609 -1.596 101.861 -2.065
201612 0.794 101.863 1.027
201703 0.386 102.862 0.495
201706 0.777 103.349 0.991
201709 0.432 104.136 0.547
201712 0.626 104.011 0.793
201803 -0.638 105.290 -0.798
201806 0.012 106.317 0.015
201809 0.157 106.507 0.194
201812 -0.911 105.998 -1.133
201903 -0.173 107.251 -0.213
201906 0.032 108.070 0.039
201909 -0.071 108.329 -0.086
201912 0.270 108.420 0.328
202003 -0.796 108.902 -0.963
202006 -0.272 108.767 -0.330
202009 -0.046 109.815 -0.055
202012 -0.999 109.897 -1.198
202103 -0.454 111.754 -0.535
202106 -0.026 114.631 -0.030
202109 0.027 115.734 0.031
202112 -0.900 117.630 -1.008
202203 -0.320 121.301 -0.348
202206 -0.057 125.017 -0.060
202209 -0.409 125.227 -0.430
202212 -0.114 125.222 -0.120
202303 -0.031 127.348 -0.032
202306 0.044 128.729 0.045
202309 -0.409 129.860 -0.415
202312 0.579 129.419 0.590
202403 0.477 131.776 0.477

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


Greenlight Capital Re  (FRA:G8L) 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.


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.


Greenlight Capital Re Cyclically Adjusted FCF per Share Related Terms

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


Greenlight Capital Re (FRA:G8L) Business Description

Traded in Other Exchanges
Address
65 Market Street, Suite 1207, P.O. Box 31110, Camana Bay, Grand Cayman, CYM, KY1-1205
Greenlight Capital Re Ltd offers property and casualty reinsurance. Its customers are property and casualty insurers, and Greenlight takes on some of their risk in exchange for insurance premiums. It operates through one operating segment: property and casualty reinsurance. It generates revenue through premiums from reinsurance on property and casualty business assumed, and income from investments. Most of the revenue is generated from policies written in the United States and the Caribbean.

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