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Progressive Waste Solutions (TSX:BIN) Cyclically Adjusted Price-to-FCF : (As of May. 24, 2024)


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What is Progressive Waste Solutions Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Progressive Waste Solutions Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Progressive Waste Solutions'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.

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Progressive Waste Solutions Cyclically Adjusted Price-to-FCF Chart

Progressive Waste Solutions Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted Price-to-FCF
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Progressive Waste Solutions Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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Competitive Comparison of Progressive Waste Solutions's Cyclically Adjusted Price-to-FCF

For the Waste Management subindustry, Progressive Waste Solutions'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.


Progressive Waste Solutions's Cyclically Adjusted Price-to-FCF Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Progressive Waste Solutions's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Progressive Waste Solutions 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.

Progressive Waste Solutions's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2016 is calculated as:

For example, Progressive Waste Solutions's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2016 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=0.213/101.0535*101.0535
=0.213

Current CPI (Mar. 2016) = 101.0535.

Progressive Waste Solutions Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200606 0.374 86.516 0.437
200609 0.605 86.279 0.709
200612 0.795 86.437 0.929
200703 0.056 87.780 0.064
200706 0.434 88.412 0.496
200709 0.490 88.412 0.560
200712 0.964 88.491 1.101
200803 0.638 88.965 0.725
200806 0.535 91.177 0.593
200809 0.739 91.414 0.817
200812 0.534 89.518 0.603
200903 1.079 90.071 1.211
200906 0.769 90.940 0.855
200909 1.158 90.624 1.291
200912 0.743 90.703 0.828
201003 0.539 91.335 0.596
201006 1.199 91.809 1.320
201009 0.212 92.362 0.232
201012 1.158 92.836 1.260
201103 0.477 94.338 0.511
201106 0.768 94.654 0.820
201109 1.461 95.286 1.549
201112 1.036 94.970 1.102
201203 0.450 96.155 0.473
201206 1.633 96.076 1.718
201209 0.335 96.392 0.351
201212 -0.836 95.760 -0.882
201303 0.617 97.103 0.642
201306 0.789 97.182 0.820
201309 0.557 97.419 0.578
201312 1.366 96.945 1.424
201403 0.622 98.604 0.637
201406 0.758 99.473 0.770
201409 0.763 99.394 0.776
201412 1.131 98.367 1.162
201503 0.627 99.789 0.635
201506 0.246 100.500 0.247
201509 1.899 100.421 1.911
201512 1.202 99.947 1.215
201603 0.213 101.054 0.213

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.


Progressive Waste Solutions  (TSX:BIN) 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.


Progressive Waste Solutions Cyclically Adjusted Price-to-FCF Related Terms

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Progressive Waste Solutions (TSX:BIN) Business Description

Traded in Other Exchanges
N/A
Address
Progressive Waste Solutions Ltd was incorporated on May 20, 2009 under the provisions of the Business Corporations Act (Ontario). The Company provides vertically integrated non-hazardous solid waste services to commercial, industrial, municipal and residential customers in Canada and the U.S. The Company carries on business through three geographic segments: Canada, the U.S. South and the U.S. Northeast. The business segments are vertically integrated and their operations include the collection and disposal of waste and recyclable materials, transfer station operations, material recovery facilities, landfills and landfill gas to energy facilities.

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