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WCN (Waste Connections) Cyclically Adjusted FCF per Share : $3.82 (As of Mar. 2025)


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What is Waste Connections 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 Connections's adjusted free cash flow per share for the three months ended in Mar. 2025 was $1.271. 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 $3.82 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Waste Connections's average Cyclically Adjusted FCF Growth Rate was 9.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 12.70% 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 Connections was 23.80% per year. The lowest was 10.10% per year. And the median was 12.40% per year.

As of today (2025-07-08), Waste Connections's current stock price is $180.51. Waste Connections's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $3.82. Waste Connections's Cyclically Adjusted Price-to-FCF of today is 47.25.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Waste Connections was 53.72. The lowest was 25.31. And the median was 44.17.


Waste Connections Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Waste Connections'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 Connections Cyclically Adjusted FCF per Share Chart

Waste Connections 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 2.31 2.62 3.03 3.41 3.72

Waste Connections 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 3.49 3.62 3.68 3.72 3.82

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

For the Waste Management subindustry, Waste Connections'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 Connections's Cyclically Adjusted Price-to-FCF Distribution in the Waste Management Industry

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

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


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Waste Connections 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 Connections'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)
=1.271/129.1809*129.1809
=1.271

Current CPI (Mar. 2025) = 129.1809.

Waste Connections Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.516 100.500 0.663
201509 0.421 100.421 0.542
201512 0.235 99.947 0.304
201603 0.584 101.054 0.747
201606 0.187 102.002 0.237
201609 0.707 101.765 0.897
201612 0.442 101.449 0.563
201703 0.744 102.634 0.936
201706 0.579 103.029 0.726
201709 0.839 103.345 1.049
201712 0.517 103.345 0.646
201803 0.816 105.004 1.004
201806 0.935 105.557 1.144
201809 0.760 105.636 0.929
201812 0.759 105.399 0.930
201903 0.944 106.979 1.140
201906 0.944 107.690 1.132
201909 0.835 107.611 1.002
201912 0.583 107.769 0.699
202003 0.877 107.927 1.050
202006 0.898 108.401 1.070
202009 0.873 108.164 1.043
202012 0.174 108.559 0.207
202103 1.154 110.298 1.352
202106 1.046 111.720 1.209
202109 0.817 112.905 0.935
202112 0.626 113.774 0.711
202203 1.112 117.646 1.221
202206 1.217 120.806 1.301
202209 1.084 120.648 1.161
202212 0.884 120.964 0.944
202303 1.033 122.702 1.088
202306 1.379 124.203 1.434
202309 1.289 125.230 1.330
202312 0.920 125.072 0.950
202403 1.239 126.258 1.268
202406 1.524 127.522 1.544
202409 1.106 127.285 1.122
202412 0.665 127.364 0.674
202503 1.271 129.181 1.271

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


Waste Connections  (NYSE:WCN) 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 Connections's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=180.51/3.82
=47.25

* 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 Connections was 53.72. The lowest was 25.31. And the median was 44.17.


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 Connections Cyclically Adjusted FCF per Share Related Terms

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


Waste Connections Business Description

Traded in Other Exchanges
Address
6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3
Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 113 active landfills (20 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 163 transfer stations, and 89 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2024, 14% of consolidated revenue was generated from the firm's Canadian segment.
Executives
Iii Robert Nielsen officer: SR VP Operations 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Darrell W Chambliss officer: EVP & COO 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
James Little officer: Sr. Vice President Engineering 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Domenic Pio officer: SR VP Operations 1001 FANNIN ST, STE 4000, HOUSTON TX 77002
Andrea E. Bertone director C/O CORP. SECRETARY, PEABODY ENERGY CORP, 701 MARKET STREET, ST. LOUIS MO 63101
Robert Michael Cloninger officer: SR VP, Deputy General Counsel 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Philip Rivard officer: SR VP Business Development 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Edward E Guillet director C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Susan Netherton officer: VP People, Training & Devlpmnt 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Mary Anne Whitney officer: Sr Vice President - Finance 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Michael W Harlan director C/O WASTE CONNECTIONS, INC., 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Patrick James Shea officer: Sr. VP, General Counsel & Sec 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Matthew Stephen Black officer: Sr. Vice President - Tax 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Eric Hansen officer: Senior Vice President and CIO 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
William J Razzouk director C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3