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WEX (WEX) Cyclically Adjusted Price-to-FCF : 25.38 (As of Apr. 30, 2024)


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What is WEX Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), WEX's current share price is $213.70. WEX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $8.42. WEX's Cyclically Adjusted Price-to-FCF for today is 25.38.

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

WEX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.39   Med: 45.25   Max: 5793
Current: 25.98

During the past years, WEX's highest Cyclically Adjusted Price-to-FCF was 5793.00. The lowest was 22.39. And the median was 45.25.

WEX's Cyclically Adjusted Price-to-FCF is ranked better than
53.65% of 671 companies
in the Software industry
Industry Median: 28.01 vs WEX: 25.98

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.

WEX's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-4.417. 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 $8.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


WEX Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for WEX'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.

WEX Cyclically Adjusted Price-to-FCF Chart

WEX 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 60.95 39.72 27.56 24.92 22.72

WEX Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 27.93 26.95 26.53 22.72 28.21

Competitive Comparison of WEX's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, WEX'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.


WEX's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, WEX's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



WEX 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=213.70/8.42
=25.38

* 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.

WEX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, WEX'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)
=-4.417/129.4194*129.4194
=-4.417

Current CPI (Mar. 2024) = 129.4194.

WEX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.743 100.560 -3.530
201409 3.951 100.428 5.092
201412 7.190 99.070 9.393
201503 4.097 99.621 5.322
201506 -3.460 100.684 -4.447
201509 4.513 100.392 5.818
201512 4.667 99.792 6.053
201603 1.697 100.470 2.186
201606 -4.077 101.688 -5.189
201609 -0.778 101.861 -0.988
201612 -1.790 101.863 -2.274
201703 -1.916 102.862 -2.411
201706 -1.082 103.349 -1.355
201709 0.664 104.136 0.825
201712 3.634 104.011 4.522
201803 1.681 105.290 2.066
201806 -4.003 106.317 -4.873
201809 5.401 106.507 6.563
201812 4.099 105.998 5.005
201903 0.958 107.251 1.156
201906 -0.242 108.070 -0.290
201909 2.168 108.329 2.590
201912 9.883 108.420 11.797
202003 7.360 108.902 8.747
202006 8.336 108.767 9.919
202009 0.686 109.815 0.808
202012 -1.323 109.897 -1.558
202103 -5.313 111.754 -6.153
202106 1.709 114.631 1.929
202109 2.058 115.734 2.301
202112 -1.389 117.630 -1.528
202203 -4.258 121.301 -4.543
202206 -3.860 125.017 -3.996
202209 8.932 125.227 9.231
202212 12.224 125.222 12.634
202303 -0.183 127.348 -0.186
202306 0.869 128.729 0.874
202309 0.233 129.860 0.232
202312 16.862 129.419 16.862
202403 -4.417 129.419 -4.417

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.


WEX  (NYSE:WEX) 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.


WEX Cyclically Adjusted Price-to-FCF Related Terms

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


WEX (WEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » WEX Inc (NYSE:WEX) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
1 Hancock Street, Portland, ME, USA, 04101
WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Fleet solutions, Travel & Corporate Solutions, and Health & Employee Benefit Solutions. Fleet Solutions, the largest segment by revenue, provides fleet vehicle payment-processing services for commercial and government fleets. Travel and corporate solutions offer business-to-business payment processing and transaction monitoring services. Health and employee benefit solutions generate revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.
Executives
Jack Vanwoerkom director
Jennifer Kimball officer: Interim CFO C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Stephen Montgomery Smith director C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Robert Joseph Deshaies officer: President, WEX Health C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Melanie J Tinto officer: Chief Human Resources Officer C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
James R Groch director 50 SOUTH 16TH STREET, SUITE 3000, PHILADELPHIA PA 19102
Carlos Carriedo officer: COO, International C/0 WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Melissa D Goodwin officer: SVP, Finance and CFO C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Regina O Sommer director 201 JONES RD, WALTHAM MA 02451
David G Cooper officer: Chief Technology Officer C/O WEX INC., 9, SOUTH PORTLAND ME 04106
Hilary A Rapkin officer: SVP, Gen. Counsel & Corp. Sec. C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Derrick A. Roman director C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE, SE, HICKORY NC 28602
Jagtar Narula officer: Chief Financial Officer 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Karen B. Stroup officer: Chief Digital Officer 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Bhavana Bartholf director C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106