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Winpak (TSX:WPK) Cyclically Adjusted FCF per Share : C$1.85 (As of Mar. 2024)


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What is Winpak 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.

Winpak's adjusted free cash flow per share for the three months ended in Mar. 2024 was C$0.431. 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 C$1.85 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Winpak's average Cyclically Adjusted FCF Growth Rate was 15.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 14.30% 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 Winpak was 44.20% per year. The lowest was 2.80% per year. And the median was 13.00% per year.

As of today (2024-05-28), Winpak's current stock price is C$43.58. Winpak's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$1.85. Winpak's Cyclically Adjusted Price-to-FCF of today is 23.56.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Winpak was 80.14. The lowest was 20.88. And the median was 42.76.


Winpak Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Winpak'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.

Winpak Cyclically Adjusted FCF per Share Chart

Winpak 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 1.17 1.33 1.40 1.52 1.82

Winpak 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 1.60 1.68 1.80 1.82 1.85

Competitive Comparison of Winpak's Cyclically Adjusted FCF per Share

For the Packaging & Containers subindustry, Winpak'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.


Winpak's Cyclically Adjusted Price-to-FCF Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Winpak's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Winpak 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, Winpak'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)
=0.431/126.2576*126.2576
=0.431

Current CPI (Mar. 2024) = 126.2576.

Winpak Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.057 99.473 0.072
201409 0.307 99.394 0.390
201412 0.267 98.367 0.343
201503 0.396 99.789 0.501
201506 0.556 100.500 0.698
201509 0.459 100.421 0.577
201512 0.631 99.947 0.797
201603 0.120 101.054 0.150
201606 0.190 102.002 0.235
201609 0.461 101.765 0.572
201612 0.308 101.449 0.383
201703 0.451 102.634 0.555
201706 0.414 103.029 0.507
201709 0.271 103.345 0.331
201712 0.593 103.345 0.724
201803 0.268 105.004 0.322
201806 0.352 105.557 0.421
201809 0.104 105.636 0.124
201812 0.461 105.399 0.552
201903 0.408 106.979 0.482
201906 0.703 107.690 0.824
201909 0.435 107.611 0.510
201912 0.533 107.769 0.624
202003 0.469 107.927 0.549
202006 0.829 108.401 0.966
202009 0.649 108.164 0.758
202012 0.217 108.559 0.252
202103 0.050 110.298 0.057
202106 0.353 111.720 0.399
202109 0.005 112.905 0.006
202112 0.530 113.774 0.588
202203 0.222 117.646 0.238
202206 -0.321 120.806 -0.335
202209 0.204 120.648 0.213
202212 0.483 120.964 0.504
202303 0.494 122.702 0.508
202306 0.735 124.203 0.747
202309 1.249 125.230 1.259
202312 0.669 125.072 0.675
202403 0.431 126.258 0.431

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


Winpak  (TSX:WPK) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=43.58/1.85
=23.56

* 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 Winpak was 80.14. The lowest was 20.88. And the median was 42.76.


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.


Winpak Cyclically Adjusted FCF per Share Related Terms

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


Winpak (TSX:WPK) Business Description

Traded in Other Exchanges
Address
100 Saulteaux Crescent, Winnipeg, MB, CAN, R3J 3T3
Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery. The flexible packaging segment includes modified atmosphere packaging, specialty films, and biaxially oriented nylon product groups. The rigid packaging and flexible lidding segment include rigid containers, lidding, and specialized printed packaging product groups. The company's geographical segments include the United States, Canada, and Mexico & others.
Executives
Dave Alexander Senior Officer

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