GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Waste Management Inc (STU:UWS) » Definitions » Cyclically Adjusted FCF per Share

Waste Management (STU:UWS) Cyclically Adjusted FCF per Share : €4.73 (As of Jun. 2024)


View and export this data going back to 1991. Start your Free Trial

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 Jun. 2024 was €1.122. 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 €4.73 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Waste Management's average Cyclically Adjusted FCF Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 7.30% 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 Waste Management was 100.60% per year. The lowest was -7.90% per year. And the median was 6.75% per year.

As of today (2024-09-26), Waste Management's current stock price is €186.28. Waste Management's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was €4.73. Waste Management's Cyclically Adjusted Price-to-FCF of today is 39.38.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Waste Management was 44.13. The lowest was 17.77. And the median was 32.47.


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 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 2.97 2.86 3.55 4.32 4.35

Waste Management 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 4.26 4.58 4.35 4.64 4.73

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.



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 Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=1.122/132.5538*132.5538
=1.122

Current CPI (Jun. 2024) = 132.5538.

Waste Management Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.611 100.428 0.806
201412 0.263 99.070 0.352
201503 0.536 99.621 0.713
201506 1.012 100.684 1.332
201509 0.634 100.392 0.837
201512 0.381 99.792 0.506
201603 0.831 100.470 1.096
201606 0.897 101.688 1.169
201609 0.850 101.861 1.106
201612 0.797 101.863 1.037
201703 0.821 102.862 1.058
201706 1.029 103.349 1.320
201709 0.957 104.136 1.218
201712 0.510 104.011 0.650
201803 0.761 105.290 0.958
201806 1.067 106.317 1.330
201809 0.935 106.507 1.164
201812 0.938 105.998 1.173
201903 0.869 107.251 1.074
201906 0.894 108.070 1.097
201909 0.996 108.329 1.219
201912 1.548 108.420 1.893
202003 0.649 108.902 0.790
202006 0.880 108.767 1.072
202009 1.372 109.815 1.656
202012 0.694 109.897 0.837
202103 1.683 111.754 1.996
202106 1.268 114.631 1.466
202109 1.450 115.734 1.661
202112 0.456 117.630 0.514
202203 1.826 121.301 1.995
202206 1.129 125.017 1.197
202209 1.036 125.227 1.097
202212 0.429 125.222 0.454
202303 0.877 127.348 0.913
202306 1.155 128.729 1.189
202309 1.362 129.860 1.390
202312 0.770 129.419 0.789
202403 1.594 131.776 1.603
202406 1.122 132.554 1.122

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


Waste Management  (STU:UWS) 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
=186.28/4.73
=39.38

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Waste Management was 44.13. The lowest was 17.77. And the median was 32.47.


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, and industrial end markets and is also a leading recycler in North America.

Waste Management Headlines

No Headlines