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MetLife (MetLife) Cyclically Adjusted FCF per Share : $16.36 (As of Dec. 2023)


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What is MetLife 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.

MetLife's adjusted free cash flow per share for the three months ended in Dec. 2023 was $6.973. 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 $16.36 for the trailing ten years ended in Dec. 2023.

During the past 12 months, MetLife's average Cyclically Adjusted FCF Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 5.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.30% 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 MetLife was 7.50% per year. The lowest was 2.10% per year. And the median was 5.10% per year.

As of today (2024-04-27), MetLife's current stock price is $70.42. MetLife's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $16.36. MetLife's Cyclically Adjusted Price-to-FCF of today is 4.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MetLife was 4.86. The lowest was 1.78. And the median was 3.88.


MetLife Cyclically Adjusted FCF per Share Historical Data

The historical data trend for MetLife'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.

MetLife Cyclically Adjusted FCF per Share Chart

MetLife 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 13.70 14.10 15.36 15.91 16.36

MetLife 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 15.91 16.12 16.14 16.43 16.36

Competitive Comparison of MetLife's Cyclically Adjusted FCF per Share

For the Insurance - Life subindustry, MetLife'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.


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

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

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



MetLife 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, MetLife'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)
=6.973/129.4194*129.4194
=6.973

Current CPI (Dec. 2023) = 129.4194.

MetLife Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 2.178 99.695 2.827
201406 3.884 100.560 4.999
201409 3.531 100.428 4.550
201412 4.729 99.070 6.178
201503 2.365 99.621 3.072
201506 3.724 100.684 4.787
201509 2.336 100.392 3.011
201512 4.036 99.792 5.234
201603 1.726 100.470 2.223
201606 3.869 101.688 4.924
201609 2.639 101.861 3.353
201612 5.098 101.863 6.477
201703 1.910 102.862 2.403
201706 3.143 103.349 3.936
201709 4.418 104.136 5.491
201712 1.930 104.011 2.401
201803 1.241 105.290 1.525
201806 5.478 106.317 6.668
201809 3.531 106.507 4.291
201812 1.318 105.998 1.609
201903 2.151 107.251 2.596
201906 2.505 108.070 3.000
201909 4.428 108.329 5.290
201912 5.600 108.420 6.685
202003 2.008 108.902 2.386
202006 0.927 108.767 1.103
202009 4.151 109.815 4.892
202012 5.688 109.897 6.698
202103 1.677 111.754 1.942
202106 2.618 114.631 2.956
202109 4.071 115.734 4.552
202112 6.024 117.630 6.628
202203 2.456 121.301 2.620
202206 5.393 125.017 5.583
202209 5.383 125.227 5.563
202212 2.913 125.222 3.011
202303 2.593 127.348 2.635
202306 3.948 128.729 3.969
202309 4.600 129.860 4.584
202312 6.973 129.419 6.973

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


MetLife  (NYSE:MET) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=70.42/16.36
=4.30

* 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 MetLife was 4.86. The lowest was 1.78. And the median was 3.88.


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.


MetLife Cyclically Adjusted FCF per Share Related Terms

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


MetLife (MetLife) Business Description

Industry
Address
200 Park Avenue, New York, NY, USA, 10166-0188
MetLife is one of the largest life insurers in the U.S. by assets and provides a variety of insurance and financial services products. The company is organized into five segments: U.S., Asia, Latin America, EMEA, and MetLife Holdings. The U.S. business contributes around 41% of earnings and is broken into the group benefits segment and the retirement solutions segment. The Asia segment contributes around 28% of earnings and is mainly composed of the Japan business with increasing contributions from India, China, and Bangladesh. The company also holds leading market positions in Mexico and Chile with the Latin America segment contributing around 6% of earnings. The EMEA and the MetLife segments contribute around 5% and 20% of earnings, respectively.
Executives
Marlene Debel officer: EVP & Chief Risk Officer METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Jeh C. Johnson director 77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Bill Pappas officer: EVP, Global Tech. & Ops. METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Robert Glenn Hubbard director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Susan M Podlogar officer: EVP & Chief HR Officer 200 PARK AVENUE, NEW YORK NY 10166
Steven J Goulart officer: EVP & Chief Investment Officer 200 PARK AVENUE, NEW YORK NY 10166
Michel Khalaf director, officer: President & CEO 200 PARK AVENUE, NEW YORK NY 10166
Carla A Harris director 702 SW 8TH STREET, BENTONVILLE AR 72716
William E Kennard director METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Catherine R Kinney director C/O QTS REALTY TRUST INC., 12851 FOSTER STREET, OVERLAND PARK KS 66213
Cheryl W Grise director NORTHEAST UTILITIES, 107 SELDEN STREET, BERLIN CT 06037
Gerald L Hassell director
Mark A Weinberger director METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
David L Herzog director 180 MAIDEN LANE, NEW YORK NY 10038
Denise M Morrison director METLIFE, 200 PARK AVENUE, NEW YORK NY 10166

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