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Waste Management (LTS:0LTG) Cyclically Adjusted FCF per Share : $5.25 (As of Mar. 2025)


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What is Waste Management 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.

Waste Management's adjusted free cash flow per share for the three months ended in Mar. 2025 was $0.933. 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 $5.25 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Waste Management's average Cyclically Adjusted FCF Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.00% 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 Waste Management was 100.60% per year. The lowest was -7.90% per year. And the median was 6.80% per year.

As of today (2025-05-28), Waste Management's current stock price is $237.72. Waste Management's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $5.25. Waste Management's Cyclically Adjusted Price-to-FCF of today is 45.28.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Waste Management was 45.27. The lowest was 17.77. And the median was 33.59.


Waste Management Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Waste Management'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.

Waste Management Cyclically Adjusted FCF per Share Chart

Waste Management Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.48 4.05 4.54 4.83 5.17

Waste Management Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.99 5.07 5.09 5.17 5.25

Competitive Comparison of Waste Management's Cyclically Adjusted FCF per Share

For the Waste Management subindustry, Waste Management'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.


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

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

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


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Waste Management 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, Waste Management's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.933/134.9266*134.9266
=0.933

Current CPI (Mar. 2025) = 134.9266.

Waste Management Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.135 100.684 1.521
201509 0.711 100.392 0.956
201512 0.415 99.792 0.561
201603 0.925 100.470 1.242
201606 1.007 101.688 1.336
201609 0.954 101.861 1.264
201612 0.841 101.863 1.114
201703 0.878 102.862 1.152
201706 1.157 103.349 1.511
201709 1.141 104.136 1.478
201712 0.603 104.011 0.782
201803 0.939 105.290 1.203
201806 1.247 106.317 1.583
201809 1.091 106.507 1.382
201812 1.067 105.998 1.358
201903 0.981 107.251 1.234
201906 1.011 108.070 1.262
201909 1.097 108.329 1.366
201912 1.720 108.420 2.141
202003 0.718 108.902 0.890
202006 0.991 108.767 1.229
202009 1.616 109.815 1.986
202012 0.844 109.897 1.036
202103 2.003 111.754 2.418
202106 1.527 114.631 1.797
202109 1.706 115.734 1.989
202112 0.516 117.630 0.592
202203 2.011 121.301 2.237
202206 1.194 125.017 1.289
202209 1.026 125.227 1.105
202212 0.455 125.222 0.490
202303 0.939 127.348 0.995
202306 1.251 128.729 1.311
202309 1.454 129.860 1.511
202312 0.840 129.419 0.876
202403 1.732 131.776 1.773
202406 1.208 132.554 1.230
202409 1.431 133.029 1.451
202412 0.980 133.157 0.993
202503 0.933 134.927 0.933

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


Waste Management  (LTS:0LTG) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=237.72/5.25
=45.28

* 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 Waste Management was 45.27. The lowest was 17.77. And the median was 33.59.


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.


Waste Management Cyclically Adjusted FCF per Share Related Terms

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


Waste Management Business Description

Industry
Address
800 Capitol Street, Suite 3000, Houston, TX, USA, 77002
WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 263 active landfills and about 332 transfer stations. The company serves residential, commercial, industrial, and medical end markets and is also a leading recycler in North America.

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