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West Pharmaceutical Services (MEX:WST) Cyclically Adjusted FCF per Share : MXN65.25 (As of Jun. 2024)


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What is West Pharmaceutical Services 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.

West Pharmaceutical Services's adjusted free cash flow per share for the three months ended in Jun. 2024 was MXN16.108. 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 MXN65.25 for the trailing ten years ended in Jun. 2024.

During the past 12 months, West Pharmaceutical Services's average Cyclically Adjusted FCF Growth Rate was 15.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 25.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 25.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 22.30% 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 West Pharmaceutical Services was 33.90% per year. The lowest was -10.40% per year. And the median was 13.05% per year.

As of today (2024-09-25), West Pharmaceutical Services's current stock price is MXN5969.08. West Pharmaceutical Services's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was MXN65.25. West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF of today is 91.48.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of West Pharmaceutical Services was 243.13. The lowest was 77.70. And the median was 116.36.


West Pharmaceutical Services Cyclically Adjusted FCF per Share Historical Data

The historical data trend for West Pharmaceutical Services'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.

West Pharmaceutical Services Cyclically Adjusted FCF per Share Chart

West Pharmaceutical Services 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 - - 45.13 81.00 63.05

West Pharmaceutical Services Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 50.33 57.23 63.05 53.31 65.25

Competitive Comparison of West Pharmaceutical Services's Cyclically Adjusted FCF per Share

For the Medical Instruments & Supplies subindustry, West Pharmaceutical Services'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.


West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



West Pharmaceutical Services 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, West Pharmaceutical Services's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=16.108/132.5538*132.5538
=16.108

Current CPI (Jun. 2024) = 132.5538.

West Pharmaceutical Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 6.529 100.428 8.618
201412 3.743 99.070 5.008
201503 -6.718 99.621 -8.939
201506 10.815 100.684 14.238
201509 8.941 100.392 11.805
201512 5.362 99.792 7.122
201603 -8.363 100.470 -11.034
201606 10.186 101.688 13.278
201609 5.079 101.861 6.609
201612 6.601 101.863 8.590
201703 -4.223 102.862 -5.442
201706 13.307 103.349 17.067
201709 9.923 104.136 12.631
201712 13.764 104.011 17.541
201803 4.091 105.290 5.150
201806 16.191 106.317 20.187
201809 15.295 106.507 19.036
201812 11.250 105.998 14.068
201903 4.843 107.251 5.986
201906 19.644 108.070 24.095
201909 19.977 108.329 24.444
201912 17.141 108.420 20.956
202003 7.764 108.902 9.450
202006 32.774 108.767 39.941
202009 20.721 109.815 25.012
202012 24.683 109.897 29.772
202103 9.169 111.754 10.876
202106 23.009 114.631 26.606
202109 33.765 115.734 38.672
202112 22.228 117.630 25.048
202203 22.374 121.301 24.450
202206 28.399 125.017 30.111
202209 29.521 125.227 31.248
202212 35.093 125.222 37.148
202303 13.334 127.348 13.879
202306 21.328 128.729 21.962
202309 31.067 129.860 31.712
202312 29.631 129.419 30.349
202403 6.165 131.776 6.201
202406 16.108 132.554 16.108

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


West Pharmaceutical Services  (MEX:WST) 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.

West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5969.08/65.25
=91.48

* 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 West Pharmaceutical Services was 243.13. The lowest was 77.70. And the median was 116.36.


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.


West Pharmaceutical Services Cyclically Adjusted FCF per Share Related Terms

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


West Pharmaceutical Services Business Description

Traded in Other Exchanges
Address
530 Herman O. West Drive, Exton, PA, USA, 19341-0645
West Pharmaceutical Services is a Pennsylvania-based medical supplies company that operates as a key supplier to firms in the pharmaceutical, biotechnology, and generic drug industries. West develops, manufactures, and distributes elastomer-based supplies for the containment and administration of injectable drugs, including basic equipment such as syringes, stoppers, and plungers, along with somewhat more complicated devices including auto-injectors and other self-injection platforms. The company reports in two segments: proprietary products (82% of 2021 sales) and contract-manufactured products (18%). It generates 55% of its revenue from international markets and 45% from the United States.