GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Unum Group (NYSE:UNM) » Definitions » Cyclically Adjusted FCF per Share

Unum Group (Unum Group) Cyclically Adjusted FCF per Share : $6.05 (As of Dec. 2023)


View and export this data going back to 1986. Start your Free Trial

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 Dec. 2023 was $1.523. 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 $6.05 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Unum Group's average Cyclically Adjusted FCF Growth Rate was 4.00% 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 (2024-04-27), Unum Group's current stock price is $50.75. Unum Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $6.05. Unum Group's Cyclically Adjusted Price-to-FCF of today is 8.39.

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 5.15 4.96 5.44 5.82 6.05

Unum Group 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 5.82 5.85 5.97 6.08 6.05

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 Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.523/129.4194*129.4194
=1.523

Current CPI (Dec. 2023) = 129.4194.

Unum Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.222 99.695 1.586
201406 1.352 100.560 1.740
201409 0.745 100.428 0.960
201412 0.995 99.070 1.300
201503 1.462 99.621 1.899
201506 1.222 100.684 1.571
201509 1.026 100.392 1.323
201512 1.091 99.792 1.415
201603 1.151 100.470 1.483
201606 1.027 101.688 1.307
201609 0.747 101.861 0.949
201612 1.470 101.863 1.868
201703 1.228 102.862 1.545
201706 1.396 103.349 1.748
201709 0.931 104.136 1.157
201712 1.098 104.011 1.366
201803 1.217 105.290 1.496
201806 1.655 106.317 2.015
201809 1.605 106.507 1.950
201812 1.861 105.998 2.272
201903 2.279 107.251 2.750
201906 1.843 108.070 2.207
201909 1.305 108.329 1.559
201912 1.489 108.420 1.777
202003 0.889 108.902 1.056
202006 2.917 108.767 3.471
202009 1.984 109.815 2.338
202012 -4.062 109.897 -4.784
202103 -1.098 111.754 -1.272
202106 3.163 114.631 3.571
202109 1.952 115.734 2.183
202112 2.214 117.630 2.436
202203 1.494 121.301 1.594
202206 2.155 125.017 2.231
202209 1.244 125.227 1.286
202212 1.620 125.222 1.674
202303 0.609 127.348 0.619
202306 1.445 128.729 1.453
202309 1.838 129.860 1.832
202312 1.523 129.419 1.523

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


Unum Group  (NYSE:UNM) 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
=50.75/6.05
=8.39

* 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 (Unum Group) 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.
Executives
Puneet Bhasin officer: Chief Info & Digital Officer 1001 FANNIN, SUITE 4000, HOUSTON TX 77002
Christopher W Pyne officer: EVP, Group Benefits 1 FOUNTAIN SQUARE, LAW DEPT. (7N200), CHATTANOOGA TN 37402
Timothy Gerald Arnold officer: EVP, President & CEO, Colonial 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Mojgan M Lefebvre director 385 WASHINGTON STREET, ST. PAUL MN 55102
Rice Walter Lynn Jr officer: SVP, Chief Accounting Officer 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402-1307
Michael Q Simonds officer: EVP, President & CEO, Unum US 1 FOUNTAIN SQUARE, LAW DEPT. (7S730), CHATTANOOGA TN 37402
Gloria C Larson director UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Lisa G Iglesias officer: EVP, General Counsel 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Richard P Mckenney officer: Executive Vice President UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Cherie Pashley officer: SVP, Chief Accounting Officer 1 FOUNTAIN SQUARE, LAW DEPT. 7N200, CHATTANOOGA TN 37402
Gale V. King director 123 SOUTH FRONT STREET, MEMPHIS TN 38103
Francis Shammo director 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Timothy F Keaney director 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Mark Paul Till officer: EVP & CEO Designate, Unum Intl 1 FOUNTAIN SQUARE, LAW DEPARTMENT (E7N200), CHATTANOOGA TN 37402
Martha Leiper officer: EVP, Chief Investment Officer 9800 FREDERICKSBURG ROAD, SAN ANTONIO TX 78288