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Unum Group (FRA:UUM) Cyclically Adjusted FCF per Share : €5.57 (As of Mar. 2024)


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What is Unum Group 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.

Unum Group's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.285. 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 €5.57 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Unum Group's average Cyclically Adjusted FCF Growth Rate was 3.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 3.10% 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 Unum Group was 11.20% per year. The lowest was -9.10% per year. And the median was 2.00% per year.

As of today (2024-05-05), Unum Group's current stock price is €47.75. Unum Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.57. Unum Group's Cyclically Adjusted Price-to-FCF of today is 8.57.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Unum Group was 12.96. The lowest was 2.05. And the median was 7.21.


Unum Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Unum Group'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.

Unum Group Cyclically Adjusted FCF per Share Chart

Unum Group 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 4.52 3.91 4.83 5.38 5.40

Unum Group 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 5.34 5.47 5.74 5.40 5.57

Competitive Comparison of Unum Group's Cyclically Adjusted FCF per Share

For the Insurance - Life subindustry, Unum Group'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.


Unum Group's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Unum Group 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, Unum Group'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)
=1.285/129.4194*129.4194
=1.285

Current CPI (Mar. 2024) = 129.4194.

Unum Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.995 100.560 1.281
201409 0.578 100.428 0.745
201412 0.807 99.070 1.054
201503 1.351 99.621 1.755
201506 1.089 100.684 1.400
201509 0.914 100.392 1.178
201512 1.001 99.792 1.298
201603 1.033 100.470 1.331
201606 0.914 101.688 1.163
201609 0.666 101.861 0.846
201612 1.394 101.863 1.771
201703 1.148 102.862 1.444
201706 1.243 103.349 1.557
201709 0.781 104.136 0.971
201712 0.928 104.011 1.155
201803 0.987 105.290 1.213
201806 1.416 106.317 1.724
201809 1.375 106.507 1.671
201812 1.636 105.998 1.997
201903 2.017 107.251 2.434
201906 1.631 108.070 1.953
201909 1.185 108.329 1.416
201912 1.340 108.420 1.600
202003 0.805 108.902 0.957
202006 2.590 108.767 3.082
202009 1.684 109.815 1.985
202012 -3.339 109.897 -3.932
202103 -0.922 111.754 -1.068
202106 2.625 114.631 2.964
202109 1.659 115.734 1.855
202112 1.960 117.630 2.156
202203 1.356 121.301 1.447
202206 2.038 125.017 2.110
202209 1.256 125.227 1.298
202212 1.530 125.222 1.581
202303 0.569 127.348 0.578
202306 1.334 128.729 1.341
202309 1.722 129.860 1.716
202312 1.397 129.419 1.397
202403 1.285 129.419 1.285

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


Unum Group  (FRA:UUM) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=47.75/5.57
=8.57

* 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 Unum Group was 12.96. The lowest was 2.05. And the median was 7.21.


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.


Unum Group Cyclically Adjusted FCF per Share Related Terms

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


Unum Group (FRA:UUM) Business Description

Industry
Traded in Other Exchanges
Address
1 Fountain Square, Chattanooga, TN, USA, 37402
Unum Group is a provider of group and individual income protection insurance products in the United States, the United Kingdom, Poland, and other countries. It is the largest domestic disability insurer, with the majority of premiums generated from employer plans. The company also offers a complementary portfolio of other insurance products, including long-term care insurance, life insurance, and employer- and employee-paid group benefits. It has the following operating business segments: Unum US, Unum International, and Colonial Life. The majority of the revenue is earned from the Unum US segment. The firm markets its products primarily through brokers.

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