Winpak (TSX:WPK) Cyclically Adjusted FCF per Share: C$1.91 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:WPK Winpak Ltd TSX:WPK
80 GF Score
Price C$44.50
GF Value C$47.09
Valuation Fairly Valued
! 1 Warning Sign
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What is Winpak Cyclically Adjusted FCF per Share?

Winpak TSX:WPK -0.49% 80 Cyclically Adjusted FCF per Share is C$1.91 as of Mar. 2026. GuruFocus rates TSX:WPK with a GF Score™ of 80/100 and a GF Value™ of C$47.09 (Fairly Valued). The stock has 1 warning sign investors should review.

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.

Winpak's adjusted free cash flow per share for the three months ended in Mar. 2026 was C$0.185. 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 C$1.91 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Winpak's average Cyclically Adjusted FCF Growth Rate was 2.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 10.40% 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 Winpak was 44.20% per year. The lowest was 2.80% per year. And the median was 13.00% per year.

As of today (2026-07-20), Winpak's current stock price is C$44.50. Winpak's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was C$1.91. Winpak's Cyclically Adjusted Price-to-FCF of today is 23.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Winpak was 68.74. The lowest was 20.72. And the median was 30.41.


Winpak  (TSX:WPK) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=44.50/1.91
=23.30

* 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 Winpak was 68.74. The lowest was 20.72. And the median was 30.41.


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.


Winpak Cyclically Adjusted FCF per Share Related Terms


Winpak Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Winpak'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.

Winpak Cyclically Adjusted FCF per Share Chart

Winpak Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.52 1.82 1.87 1.88

Winpak Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.86 1.81 1.85 1.88 1.91

TSX:WPK vs SW, PKG, IP: Cyclically Adjusted FCF per Share Comparison

For the Packaging & Containers subindustry, Winpak'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.


Winpak Cyclically Adjusted Price-to-FCF vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Winpak's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


TSX:WPK
80GF Score
Winpak Ltd TSX:WPK
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Winpak 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, Winpak's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.185/132.2623*132.2623
=0.185

Current CPI (Mar. 2026) = 132.2623.

Winpak Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.190 102.002 0.246
201609 0.461 101.765 0.599
201612 0.308 101.449 0.402
201703 0.451 102.634 0.581
201706 0.414 103.029 0.531
201709 0.271 103.345 0.347
201712 0.593 103.345 0.759
201803 0.268 105.004 0.338
201806 0.352 105.557 0.441
201809 0.104 105.636 0.130
201812 0.461 105.399 0.578
201903 0.408 106.979 0.504
201906 0.703 107.690 0.863
201909 0.435 107.611 0.535
201912 0.533 107.769 0.654
202003 0.469 107.927 0.575
202006 0.829 108.401 1.011
202009 0.649 108.164 0.794
202012 0.217 108.559 0.264
202103 0.050 110.298 0.060
202106 0.353 111.720 0.418
202109 0.005 112.905 0.006
202112 0.530 113.774 0.616
202203 0.222 117.646 0.250
202206 -0.321 120.806 -0.351
202209 0.204 120.648 0.224
202212 0.483 120.964 0.528
202303 0.494 122.702 0.532
202306 0.735 124.203 0.783
202309 1.249 125.230 1.319
202312 0.669 125.072 0.707
202403 0.431 126.258 0.451
202406 -0.121 127.522 -0.125
202409 0.589 127.285 0.612
202412 0.356 127.364 0.370
202503 0.152 129.181 0.156
202506 0.171 129.892 0.174
202509 0.877 130.287 0.890
202512 1.093 130.366 1.109
202603 0.185 132.262 0.185

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

What does a Cyclically Adjusted FCF per Share of C$1.91 mean?
Winpak (TSX:WPK) has a Cyclically Adjusted FCF per Share of C$1.91 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Winpak and its competitors.
Is Winpak's Cyclically Adjusted FCF per Share too high?
Winpak's current Cyclically Adjusted FCF per Share is C$1.91. Overall, Winpak has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Winpak's Cyclically Adjusted FCF per Share compare to SW and PKG?
Winpak's Cyclically Adjusted FCF per Share of C$1.91 can be compared against companies in the Packaging & Containers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Packaging & Containers company?
A good Cyclically Adjusted FCF per Share depends on the Packaging & Containers industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Winpak and its competitors. Winpak's current Cyclically Adjusted FCF per Share is C$1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winpak stock overvalued right now?
Based on GuruFocus' analysis, Winpak (TSX:WPK) is currently considered Fairly Valued. The stock's GF Value™ is C$47.09, compared to a current price of C$44.50 — trading 5.5% below its estimated fair value. The current Cyclically Adjusted FCF per Share is C$1.91. Winpak's overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Winpak (TSX:WPK), the current Cyclically Adjusted FCF per Share is C$1.91 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Winpak (TSX:WPK) Overvalued in 2026?

Based on GuruFocus' analysis, Winpak stock appears to be undervalued. The current stock price of C$44.50 is trading 5.5% below its estimated GF Value™ of C$47.09. GuruFocus considers Winpak to be Fairly Valued.

Key valuation signals for TSX:WPK:

  • Cyclically Adjusted FCF per Share: C$1.91
  • GF Value™: C$47.09 vs. price of C$44.50 (5.5% below fair value)
  • GF Score™: 80/100 with 1 warning sign

No single metric tells the full story. See the TSX:WPK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Winpak Business Description

Other Exchanges WIPKF:USA25W:Germany
Address 100 Saulteaux Crescent, Corporate Office, Winnipeg, MB, CAN, R3J 3T3
Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery. The flexible packaging segment includes modified atmosphere packaging, specialty films, and biaxially oriented nylon product groups. The rigid packaging and flexible lidding segment includes rigid containers, lidding, and specialized printed packaging product groups. The packaging machinery segment includes horizontal fill/seal machines for preformed containers and vertical form/fill/seal machines for liquid, semi-liquid, and certain dry products.
80GF Score

Get the complete analysis for TSX:WPK

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$44.50
Price
C$47.09
GF Value