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Humana (STU:HUM) Cyclically Adjusted FCF per Share : €19.51 (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 €1.866. 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 €19.51 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 (2024-05-26), Humana's current stock price is €320.40. Humana's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €19.51. Humana's Cyclically Adjusted Price-to-FCF of today is 16.42.

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 12.12 12.75 14.53 17.59 18.70

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 22.14 24.16 25.73 18.70 19.51

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)
=1.866/131.7762*131.7762
=1.866

Current CPI (Mar. 2024) = 131.7762.

Humana Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.453 100.560 -1.904
201409 4.018 100.428 5.272
201412 0.137 99.070 0.182
201503 -0.097 99.621 -0.128
201506 -4.386 100.684 -5.740
201509 5.371 100.392 7.050
201512 1.207 99.792 1.594
201603 2.244 100.470 2.943
201606 -2.520 101.688 -3.266
201609 25.767 101.861 33.334
201612 -18.231 101.863 -23.585
201703 25.644 102.862 32.852
201706 -1.326 103.349 -1.691
201709 15.700 104.136 19.867
201712 -18.143 104.011 -22.986
201803 20.750 105.290 25.970
201806 -1.625 106.317 -2.014
201809 -7.533 106.507 -9.320
201812 -3.253 105.998 -4.044
201903 4.927 107.251 6.054
201906 8.336 108.070 10.165
201909 15.121 108.329 18.394
201912 1.903 108.420 2.313
202003 1.922 108.902 2.326
202006 18.965 108.767 22.977
202009 9.975 109.815 11.970
202012 -0.080 109.897 -0.096
202103 -7.307 111.754 -8.616
202106 0.199 114.631 0.229
202109 16.500 115.734 18.787
202112 -3.372 117.630 -3.778
202203 0.050 121.301 0.054
202206 5.062 125.017 5.336
202209 64.753 125.227 68.140
202212 -40.325 125.222 -42.436
202303 48.082 127.348 49.754
202306 21.483 128.729 21.992
202309 7.694 129.860 7.808
202312 -55.247 129.419 -56.253
202403 1.866 131.776 1.866

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


Humana  (STU:HUM) 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
=320.40/19.51
=16.42

* 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 (STU:HUM) 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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