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UNH (UnitedHealth Group) Cyclically Adjusted FCF per Share : $20.76 (As of Mar. 2025)


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What is UnitedHealth 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.

UnitedHealth Group's adjusted free cash flow per share for the three months ended in Mar. 2025 was $4.965. 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 $20.76 for the trailing ten years ended in Mar. 2025.

During the past 12 months, UnitedHealth Group's average Cyclically Adjusted FCF Growth Rate was 11.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 17.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 16.40% 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 UnitedHealth Group was 31.20% per year. The lowest was 9.20% per year. And the median was 17.60% per year.

As of today (2025-07-10), UnitedHealth Group's current stock price is $302.91. UnitedHealth Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $20.76. UnitedHealth Group's Cyclically Adjusted Price-to-FCF of today is 14.59.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of UnitedHealth Group was 39.68. The lowest was 14.06. And the median was 29.45.


UnitedHealth Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for UnitedHealth 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.

UnitedHealth Group Cyclically Adjusted FCF per Share Chart

UnitedHealth Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.99 13.24 15.82 18.38 20.26

UnitedHealth Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 18.62 19.28 20.36 20.26 20.76

Competitive Comparison of UnitedHealth Group's Cyclically Adjusted FCF per Share

For the Healthcare Plans subindustry, UnitedHealth 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.


UnitedHealth Group's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, UnitedHealth Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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UnitedHealth 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, UnitedHealth Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=4.965/134.9266*134.9266
=4.965

Current CPI (Mar. 2025) = 134.9266.

UnitedHealth Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.849 100.684 1.138
201509 2.524 100.392 3.392
201512 3.130 99.792 4.232
201603 1.958 100.470 2.629
201606 1.339 101.688 1.777
201609 7.013 101.861 9.290
201612 -1.957 101.863 -2.592
201703 6.102 102.862 8.004
201706 1.780 103.349 2.324
201709 7.159 104.136 9.276
201712 -3.238 104.011 -4.200
201803 7.996 105.290 10.247
201806 3.589 106.317 4.555
201809 0.403 106.507 0.511
201812 1.876 105.998 2.388
201903 2.741 107.251 3.448
201906 5.663 108.070 7.070
201909 2.810 108.329 3.500
201912 5.768 108.420 7.178
202003 2.572 108.902 3.187
202006 9.950 108.767 12.343
202009 2.672 109.815 3.283
202012 5.751 109.897 7.061
202103 5.681 111.754 6.859
202106 5.207 114.631 6.129
202109 7.279 115.734 8.486
202112 2.639 117.630 3.027
202203 4.994 121.301 5.555
202206 6.541 125.017 7.059
202209 18.803 125.227 20.259
202212 -5.701 125.222 -6.143
202303 16.508 127.348 17.490
202306 10.854 128.729 11.377
202309 6.479 129.860 6.732
202312 -6.601 129.419 -6.882
202403 0.435 131.776 0.445
202406 6.350 132.554 6.464
202409 13.929 133.029 14.128
202412 1.573 133.157 1.594
202503 4.965 134.927 4.965

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


UnitedHealth Group  (NYSE:UNH) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=302.91/20.76
=14.59

* 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 UnitedHealth Group was 39.68. The lowest was 14.06. And the median was 29.45.


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.


UnitedHealth Group Cyclically Adjusted FCF per Share Related Terms

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


UnitedHealth Group Business Description

Address
1 Health Drive, Eden Prairie, MN, USA, 55344
UnitedHealth Group is one of the largest private health insurers and provides medical benefits to about 51 million members globally, including 1 million outside the US as of December 2024. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in medical insurance. Along with its insurance assets, UnitedHealth's Optum franchises help create a healthcare services colossus that spans everything from pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.
Executives
John F Rex officer: EVP Chief Financial Officer C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Stephen J Hemsley director, officer: Pres & COO, UnitedHealth Grp 200 WASHINGTON AVE N, SUITE 200, MINNEAPOLIS MN 55401
Kristen Gil director C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Timothy Patrick Flynn director JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
John H Noseworthy director C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Erin Mcsweeney officer: EVP Chief People Officer EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Thomas E Roos officer: Chief Accounting Officer C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Andrew Witty director, officer: CEO, UHG C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Charles D. Baker director 311 ARSENAL STREET, WATERTOWN MA 02472
Dirk C Mcmahon officer: President & CEO, UHC C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Mcnabb Frederick William Iii director C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Richard T Burke director 3962 TOMAHAWK TRAIL, MEDINA MN 55340
Rupert M Bondy officer: EVP & Chief Legal Officer C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Paul R Garcia director 214 N TRYON STREET, CHARLOTTE NC 28202
Brian R Thompson officer: CEO, UnitedHealthcare C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343