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Greenlight Capital Re (Greenlight Capital Re) Cyclically Adjusted FCF per Share : $-1.20 (As of Dec. 2023)


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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 Dec. 2023 was $0.631. 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 $-1.20 for the trailing ten years ended in Dec. 2023.

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 (2024-04-27), Greenlight Capital Re's current stock price is $12.05. Greenlight Capital Re's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $-1.20. 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 -0.93 -1.31 -1.48 -1.50 -1.20

Greenlight Capital Re Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -1.50 -1.46 -1.36 -1.40 -1.20

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 Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.631/129.4194*129.4194
=0.631

Current CPI (Dec. 2023) = 129.4194.

Greenlight Capital Re Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.280 99.695 -0.363
201406 -0.760 100.560 -0.978
201409 -1.275 100.428 -1.643
201412 -1.254 99.070 -1.638
201503 -0.489 99.621 -0.635
201506 -0.603 100.684 -0.775
201509 -0.103 100.392 -0.133
201512 -0.353 99.792 -0.458
201603 -0.195 100.470 -0.251
201606 0.166 101.688 0.211
201609 -1.791 101.861 -2.276
201612 0.837 101.863 1.063
201703 0.413 102.862 0.520
201706 0.873 103.349 1.093
201709 0.515 104.136 0.640
201712 0.741 104.011 0.922
201803 -0.787 105.290 -0.967
201806 0.015 106.317 0.018
201809 0.183 106.507 0.222
201812 -1.036 105.998 -1.265
201903 -0.196 107.251 -0.237
201906 0.036 108.070 0.043
201909 -0.079 108.329 -0.094
201912 0.300 108.420 0.358
202003 -0.879 108.902 -1.045
202006 -0.306 108.767 -0.364
202009 -0.054 109.815 -0.064
202012 -1.215 109.897 -1.431
202103 -0.541 111.754 -0.627
202106 -0.031 114.631 -0.035
202109 0.032 115.734 0.036
202112 -1.017 117.630 -1.119
202203 -0.353 121.301 -0.377
202206 -0.060 125.017 -0.062
202209 -0.405 125.227 -0.419
202212 -0.121 125.222 -0.125
202303 -0.033 127.348 -0.034
202306 0.048 128.729 0.048
202309 -0.437 129.860 -0.436
202312 0.631 129.419 0.631

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


Greenlight Capital Re  (NAS:GLRE) 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 (Greenlight Capital Re) 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.
Executives
David Einhorn director, 10 percent owner 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Ian Isaacs director 65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110,, GRAND CAYMAN, E9 E9 KY1-1205
David Sigmon officer: General Counsel 65 MARKET ST., SUITE 1207, JASMINE CT, CAMANA BAY, P.O. BOX 31110, GRAND CAYMAN E9 KY1-1205
Brian Joseph Oreilly officer: Head of Innovations 65 MARKET ST., SUITE 1207, JASMINE COURT, CAMANA BAY, P.O. BOX 3111, GRAND CAYMAN E9 KY1-1205
Richard Paul Strommer officer: Chief Actuary GREENLIGHT REINSURANCE, LTD., 65 MARKET ST., SUITE 1207, JASMINE COURT, CAMANA BAY, GRAND CAYMAN E9 KY1-1205
Johnny Ferrari director PO BOX 493, GEORGE TOWN E9 KY1 1106
Victoria W Guest director RAM RE HOUSE, 46 REID STREET, HAMILTON D0 HM 12
Ursuline F Foley director 239 WASHINGTON STREET, JERSEY CITY NJ 07302
Daniel Roitman other: Alternate Director 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Faramarz Romer officer: Reporting & Compliance Officer 65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110, GRAND CAYMAN, E9 E9 KY1-1205
Neil W Greenspan officer: Chief Accounting Officer C/O MONTPELIER RE HOLDINGS LTD., MINTFLOWER PLACE 8 PAR-LA-VILLE ROAD, HAMILTON D0 HM 08
Thomas James Curnock officer: Chief Risk Officer 65 MARKET STREET, SUITE 1207, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205
Leonard R Goldberg director, officer: Chief Executive Officer 802 WEST BAY ROAD, THE GRAND PAVILION, P.O. BOX 31110, GRAND CAYMAN E9 KY1-1205
Barry Brendan officer: Chief Underwriting Officer 65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205
Laura Accurso officer: GENERAL COUNSEL 65 MARKET STREET, SUITE 1207, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205