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WESCO International (WESCO International) Cyclically Adjusted FCF per Share : $5.33 (As of Dec. 2023)


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What is WESCO International 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.

WESCO International's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.781. 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 $5.33 for the trailing ten years ended in Dec. 2023.

During the past 12 months, WESCO International's average Cyclically Adjusted FCF Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 1.10% 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 WESCO International was 12.40% per year. The lowest was -3.20% per year. And the median was 3.90% per year.

As of today (2024-04-30), WESCO International's current stock price is $158.15. WESCO International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $5.33. WESCO International's Cyclically Adjusted Price-to-FCF of today is 29.67.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of WESCO International was 37.34. The lowest was 3.73. And the median was 13.68.


WESCO International Cyclically Adjusted FCF per Share Historical Data

The historical data trend for WESCO International'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.

WESCO International Cyclically Adjusted FCF per Share Chart

WESCO International 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 4.73 5.51 5.60 5.11 5.33

WESCO International 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 5.11 4.50 5.01 5.58 5.33

Competitive Comparison of WESCO International's Cyclically Adjusted FCF per Share

For the Industrial Distribution subindustry, WESCO International'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.


WESCO International's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, WESCO International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



WESCO International 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, WESCO International'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)
=0.781/129.4194*129.4194
=0.781

Current CPI (Dec. 2023) = 129.4194.

WESCO International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.781 99.695 1.014
201406 -0.049 100.560 -0.063
201409 1.591 100.428 2.050
201412 2.018 99.070 2.636
201503 1.629 99.621 2.116
201506 0.674 100.684 0.866
201509 0.799 100.392 1.030
201512 2.138 99.792 2.773
201603 1.601 100.470 2.062
201606 1.163 101.688 1.480
201609 1.671 101.861 2.123
201612 1.590 101.863 2.020
201703 0.873 102.862 1.098
201706 0.283 103.349 0.354
201709 0.171 104.136 0.213
201712 1.315 104.011 1.636
201803 0.952 105.290 1.170
201806 0.528 106.317 0.643
201809 1.690 106.507 2.054
201812 2.379 105.998 2.905
201903 0.397 107.251 0.479
201906 -1.100 108.070 -1.317
201909 2.749 108.329 3.284
201912 2.224 108.420 2.655
202003 0.375 108.902 0.446
202006 2.098 108.767 2.496
202009 5.365 109.815 6.323
202012 2.166 109.897 2.551
202103 2.133 111.754 2.470
202106 -0.532 114.631 -0.601
202109 1.246 115.734 1.393
202112 -2.583 117.630 -2.842
202203 -3.566 121.301 -3.805
202206 -2.852 125.017 -2.952
202209 -2.555 125.227 -2.641
202212 7.282 125.222 7.526
202303 -5.130 127.348 -5.213
202306 5.481 128.729 5.510
202309 6.559 129.860 6.537
202312 0.781 129.419 0.781

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


WESCO International  (NYSE:WCC) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=158.15/5.33
=29.67

* 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 WESCO International was 37.34. The lowest was 3.73. And the median was 13.68.


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.


WESCO International Cyclically Adjusted FCF per Share Related Terms

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


WESCO International (WESCO International) Business Description

Traded in Other Exchanges
Address
225 West Station Square Drive, Suite 700, Pittsburgh, PA, USA, 15219
Wesco International is an industrial distributor that has three reportable segments, electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company offers more than 1.5 million products to its 140,000 active customers through a distribution network of 800 branches, warehouses, and sales offices, including 43 distribution centers. Wesco generates 74% of its sales in the United States, but it has a global reach, with operations in 50 other countries.
Executives
Hemant Porwal officer: EVP Supply Chain & Operations 225 W. STATION SQUARE DRIVE, PITTSBURGH PA 15219
Glynis Bryan director 5500 WAYZATA BOULEVARD, SUITE 600, GOLDEN VALLEY MN 55416
Easwaran Sundaram director C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Squires Nelson John Iii officer: SVP & COO 225 W. STATION SQUARE, PITTSBURGH PA 15219
James Cameron officer: EVP & GM, Util & Broadband 225 W. STATION SQUARE DRIVE, PITTSBURGH PA 15219
Diane Lazzaris officer: Vice President, Legal Affairs WESCO INTERNATIONAL, INC., 225 WEST STATION SQUARE DRIVE, PITTSBURGH PA 15219
John Engel officer: SR. VICE PRESIDENT & COO 225 W. STATION SQUARE DRIVE, SUITE 700, PITTSBURGH PA 15219
Green Equity Investors Vii, L.p. 10 percent owner 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Sundaram Nagarajan director 28601 CLEMENS ROAD, WESTLAKE OH 44145
Anne M Cooney director ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Christine Ann Wolf officer: SVP & CHRO 7480 FLYING CLOUG DRIVE, MINNEAPOLIS MN 55344
Steven A Raymund director C/O TECH DATA CORP, 5350 TECH DATA DRIVE, CLEARWATER FL 33760
Matthew S Kulasa officer: Sr. VP, Corporate Controller 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Lynn M Utter director C/O ADOLPH COORS CO, 311 10TH ST NH311 BOX 4030, GOLDEN CO 80401
James Louis Singleton director, 10 percent owner THE CYPRESS GROUP L.L.C., 65 EAST 55TH STREET, 28TH FLOOR, NEW YORK NY 10022