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White Mountains Insurance Group (White Mountains Insurance Group) Cyclically Adjusted FCF per Share : $19.25 (As of Mar. 2024)


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What is White Mountains Insurance 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.

White Mountains Insurance Group's adjusted free cash flow per share for the three months ended in Mar. 2024 was $14.421. 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 $19.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, White Mountains Insurance Group's average Cyclically Adjusted FCF Growth Rate was 175.00% 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 White Mountains Insurance Group was 68.60% per year. The lowest was -240.60% per year. And the median was -5.50% per year.

As of today (2024-06-11), White Mountains Insurance Group's current stock price is $1727.20. White Mountains Insurance Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $19.25. White Mountains Insurance Group's Cyclically Adjusted Price-to-FCF of today is 89.72.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of White Mountains Insurance Group was 18777.40. The lowest was 87.73. And the median was 184.74.


White Mountains Insurance Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for White Mountains Insurance 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.

White Mountains Insurance Group Cyclically Adjusted FCF per Share Chart

White Mountains Insurance 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 -9.72 -12.13 -13.15 -0.30 16.79

White Mountains Insurance 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 7.00 10.11 14.49 16.79 19.25

Competitive Comparison of White Mountains Insurance Group's Cyclically Adjusted FCF per Share

For the Insurance - Property & Casualty subindustry, White Mountains Insurance 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.


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

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

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



White Mountains Insurance 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, White Mountains Insurance 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)
=14.421/131.7762*131.7762
=14.421

Current CPI (Mar. 2024) = 131.7762.

White Mountains Insurance Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.878 100.560 3.771
201409 14.086 100.428 18.483
201412 -0.812 99.070 -1.080
201503 -8.007 99.621 -10.591
201506 3.483 100.684 4.559
201509 14.839 100.392 19.478
201512 -24.221 99.792 -31.984
201603 -8.602 100.470 -11.282
201606 -14.938 101.688 -19.358
201609 -11.037 101.861 -14.278
201612 -1.648 101.863 -2.132
201703 -12.145 102.862 -15.559
201706 -2.525 103.349 -3.220
201709 0.424 104.136 0.537
201712 0.542 104.011 0.687
201803 -12.075 105.290 -15.113
201806 5.692 106.317 7.055
201809 -1.593 106.507 -1.971
201812 -0.191 105.998 -0.237
201903 -13.089 107.251 -16.082
201906 13.658 108.070 16.654
201909 -23.647 108.329 -28.765
201912 -15.277 108.420 -18.568
202003 -18.817 108.902 -22.770
202006 6.821 108.767 8.264
202009 16.705 109.815 20.046
202012 -23.799 109.897 -28.537
202103 -30.248 111.754 -35.667
202106 20.689 114.631 23.783
202109 11.202 115.734 12.755
202112 11.040 117.630 12.368
202203 -13.940 121.301 -15.144
202206 27.678 125.017 29.174
202209 40.966 125.227 43.109
202212 82.156 125.222 86.456
202303 33.714 127.348 34.886
202306 28.158 128.729 28.825
202309 88.347 129.860 89.651
202312 9.711 129.419 9.888
202403 14.421 131.776 14.421

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


White Mountains Insurance Group  (NYSE:WTM) 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.

White Mountains Insurance Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1727.20/19.25
=89.72

* 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 White Mountains Insurance Group was 18777.40. The lowest was 87.73. And the median was 184.74.


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.


White Mountains Insurance Group Cyclically Adjusted FCF per Share Related Terms

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


White Mountains Insurance Group (White Mountains Insurance Group) Business Description

Traded in Other Exchanges
Address
23 South Main Street, Suite 3B, Hanover, NH, USA, 03755-2053
White Mountains Insurance Group Ltd is engaged in the business of making opportunistic and value-oriented acquisitions of businesses and assets in the insurance, financial services and related sectors, operating these businesses and assets through its subsidiaries and, if and when attractive exit valuations become available, disposing of these businesses and assets. The company conducts its business in four areas: municipal bond insurance, property and casualty insurance and reinsurance, capital solutions for asset and wealth management firms and other operations. White Mountains's municipal bond insurance business is conducted through its subsidiary HG Global Ltd. and its reinsurance subsidiary HG Re Ltd.
Executives
Weston M Hicks director C/O ALLEGHANY CORPORATION, 1411 BROADWAY, 34TH FLOOR, NEW YORK NY 10018
Steven Yi director 700 SOUTH FLOWER STREET, SUITE 640, LOS ANGELES CA 90017
Michaela Hildreth officer: Chief Accounting Officer 23 S MAIN STREET, SUITE 3B, HANOVER NH 03755
Peter M Carlson director BRIGHTHOUSE FINANCIAL, INC., 11225 NORTH COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
Morgan W Davis director 80 SOUTH MAIN STREET, HANOVER NH 03755
Suzanne F. Shank director C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Mary C Choksi director
Philip A Gelston director 80 SOUTH MAIN ST, C/O WHITE MOUNTAINS, HANOVER NH 03755
David Allen Tanner director C/O ARLON GROUP LLC, 277 PARK AVE, NEW YORK NY 10172
Margaret Dillon director C/O GUIDEWIRE SOFTWARE, INC., 2850 DELAWARE ST. STE 400, SAN MATEO CA 94403
Liam P Caffrey officer: EVP & Chief Financial Officer 23 S MAIN STREET, STE. 3B, HANOVER NH 03755
Robert Lawrence Seelig officer: EVP & General Counsel
George Manning Rountree director, officer: Chief Executive Officer C/O 80 SOUTH MAIN STREET, HANOVER NH 03755
Reid Tarlton Campbell officer: EVP & Chief Financial Officer C/O WHITE MOUNTAINS INSURANCE GROUP, 80 SOUTH MAIN STREET, HANOVER NH 03755
Lowndes Andrew Smith director C/O WHITE MOUNTIAN INSURANCE GROUP, 80 S MIAN ST, HANOVER NH 03755

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