GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First Acceptance Corp (OTCPK:FACO) » Definitions » Cyclically Adjusted Price-to-FCF

FACO (First Acceptance) Cyclically Adjusted Price-to-FCF : 12.92 (As of Oct. 09, 2024)


View and export this data going back to 1972. Start your Free Trial

What is First Acceptance Cyclically Adjusted Price-to-FCF?

As of today (2024-10-09), First Acceptance's current share price is $3.10. First Acceptance's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was $0.24. First Acceptance's Cyclically Adjusted Price-to-FCF for today is 12.92.

The historical rank and industry rank for First Acceptance's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FACO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.65   Med: 8.69   Max: 18.55
Current: 13.31

During the past years, First Acceptance's highest Cyclically Adjusted Price-to-FCF was 18.55. The lowest was 3.65. And the median was 8.69.

FACO's Cyclically Adjusted Price-to-FCF is ranked worse than
52.38% of 315 companies
in the Insurance industry
Industry Median: 12.56 vs FACO: 13.31

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.

First Acceptance's adjusted free cash flow per share data for the three months ended in Jun. 2024 was $0.359. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.24 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Acceptance Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Acceptance's Cyclically Adjusted Price-to-FCF 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.

First Acceptance Cyclically Adjusted Price-to-FCF Chart

First Acceptance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.77 11.98 16.24 6.26 -

First Acceptance Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
Cyclically Adjusted Price-to-FCF 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 7.74 7.09 - 11.63 15.98

Competitive Comparison of First Acceptance's Cyclically Adjusted Price-to-FCF

For the Insurance - Specialty subindustry, First Acceptance'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.


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

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

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



First Acceptance Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

First Acceptance's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.10/0.24
=12.92

* 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.

First Acceptance's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, First Acceptance's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.359/132.5538*132.5538
=0.359

Current CPI (Jun. 2024) = 132.5538.

First Acceptance Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.151 100.560 0.199
201409 0.071 100.428 0.094
201412 0.240 99.070 0.321
201503 0.271 99.621 0.361
201506 0.199 100.684 0.262
201509 0.069 100.392 0.091
201512 0.098 99.792 0.130
201603 0.227 100.470 0.299
201606 -0.013 101.688 -0.017
201609 -0.392 101.861 -0.510
201612 -0.211 101.863 -0.275
201703 0.036 102.862 0.046
201706 0.066 103.349 0.085
201709 0.064 104.136 0.081
201712 0.035 104.011 0.045
201803 0.109 105.290 0.137
201806 0.149 106.317 0.186
201809 -0.085 106.507 -0.106
201812 -0.061 105.998 -0.076
201903 0.076 107.251 0.094
201906 -0.025 108.070 -0.031
201909 -0.126 108.329 -0.154
201912 -0.156 108.420 -0.191
202003 -0.189 108.902 -0.230
202006 0.091 108.767 0.111
202009 0.038 109.815 0.046
202012 0.035 109.897 0.042
202103 0.063 111.754 0.075
202106 0.100 114.631 0.116
202109 -0.329 115.734 -0.377
202112 -0.109 117.630 -0.123
202203 -0.204 121.301 -0.223
202206 -0.117 125.017 -0.124
202209 -0.051 125.227 -0.054
202212 0.158 125.222 0.167
202303 0.194 127.348 0.202
202306 0.511 128.729 0.526
202312 0.000 129.419 0.000
202403 0.754 131.776 0.758
202406 0.359 132.554 0.359

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


First Acceptance  (OTCPK:FACO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


First Acceptance Cyclically Adjusted Price-to-FCF Related Terms

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


First Acceptance Business Description

Traded in Other Exchanges
N/A
Address
3813 Green Hills Village Drive, Nashville, TN, USA, 37215
First Acceptance Corp is engaged in the financial services sector. It is principally a retailer, servicer, and underwriter of non-standard personal automobile insurance. The company's operations generate revenue from selling non-standard personal automobile insurance products and related products in the United States. Its suite of products comprises auto insurance, renters, motorcycle, roadside assistance, and hospital insurance. the company also operates a real estate and corporate segment, which consists of the activities related to the disposition of foreclosed real estate held for sale, interest expenses associated with all debt, and other general corporate overhead expenses.
Executives
Rhodes R Bobbitt director 4500 ROLAND, #905, DALLAS TX 75219
Kenneth D Russell director 200 CRESCENT COURT, SUITE 1350, DALLAS TX 75201
Tom C Nichols director 4500 MERCANTILE PLAZA DRIVE, SUITE 300, FORT WORTH TX 76137
Brent J Gay officer: Chief Financial Officer 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215
Olson Lyndon L Jr director 3812 GREENLEAF DRIVE, WACO TX 76710
Jeremy B Ford director
Mark A Kelly officer: Interim CEO & President 5722 WEST HANOVER, DALLAS TX 75209
Joseph S. Borbely officer: President 1572 VANDAGRIFF WAY, CORONA CA 92883
John R Barnett officer: Sr. Vice President of Finance 111 CONGRESSIONAL BLVD, STE 500, CARMEL IN 46032
Daniel L. Walker officer: Sr. VP of Operations 3322 WEST END AVENUE, NASHVILLE TN 37203
Harrison Thomas Marshall Jr director, 10 percent owner, officer: Exec. VP & Secretary 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215
Gerald J Ford director, 10 percent owner, officer: Chairman 200 CRESCENT CT STE 1350, DALLAS TX 75201
Keith E. Bornemann officer: Corporate Controller 3322 WEST END AVENUE, NASHVILLE TN 37203
Shipp William A Jr director 9015 ENGLLISH WOOD COURT, BRENTWOOD TN 37027
Kevin P Cohn officer: VP & Chief Accounting Officer 4400 POST OAK PARKWAY, STE 1100, HOUSTON TX 77027