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West Fraser Timber Co.Ltd (West Fraser Timber Co.Ltd) Cyclically Adjusted FCF per Share : $7.09 (As of Mar. 2024)


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What is West Fraser Timber Co.Ltd 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 Fraser Timber Co.Ltd's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-1.996. 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 $7.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, West Fraser Timber Co.Ltd's average Cyclically Adjusted FCF Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 44.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 39.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 29.80% 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 Fraser Timber Co.Ltd was 62.60% per year. The lowest was -21.90% per year. And the median was 3.60% per year.

As of today (2024-05-01), West Fraser Timber Co.Ltd's current stock price is $77.02. West Fraser Timber Co.Ltd's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $7.09. West Fraser Timber Co.Ltd's Cyclically Adjusted Price-to-FCF of today is 10.86.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of West Fraser Timber Co.Ltd was 97.35. The lowest was 9.44. And the median was 29.89.


West Fraser Timber Co.Ltd Cyclically Adjusted FCF per Share Historical Data

The historical data trend for West Fraser Timber Co.Ltd'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 Fraser Timber Co.Ltd Cyclically Adjusted FCF per Share Chart

West Fraser Timber Co.Ltd 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 1.68 2.51 5.33 6.93 7.30

West Fraser Timber Co.Ltd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.72 6.96 7.08 7.30 7.09

Competitive Comparison of West Fraser Timber Co.Ltd's Cyclically Adjusted FCF per Share

For the Lumber & Wood Production subindustry, West Fraser Timber Co.Ltd'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 Fraser Timber Co.Ltd's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, West Fraser Timber Co.Ltd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where West Fraser Timber Co.Ltd's Cyclically Adjusted Price-to-FCF falls into.



West Fraser Timber Co.Ltd 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 Fraser Timber Co.Ltd's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-1.996/125.4675*125.4675
=-1.996

Current CPI (Mar. 2024) = 125.4675.

West Fraser Timber Co.Ltd Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.242 99.473 1.567
201409 1.360 99.394 1.717
201412 -0.532 98.367 -0.679
201503 -0.214 99.789 -0.269
201506 1.376 100.500 1.718
201509 0.337 100.421 0.421
201512 -0.728 99.947 -0.914
201603 -0.666 101.054 -0.827
201606 2.120 102.002 2.608
201609 1.643 101.765 2.026
201612 0.785 101.449 0.971
201703 -0.854 102.634 -1.044
201706 2.998 103.029 3.651
201709 2.092 103.345 2.540
201712 1.385 103.345 1.681
201803 -1.586 105.004 -1.895
201806 4.782 105.557 5.684
201809 3.013 105.636 3.579
201812 -1.112 105.399 -1.324
201903 -3.604 106.979 -4.227
201906 1.158 107.690 1.349
201909 -0.187 107.611 -0.218
201912 -0.559 107.769 -0.651
202003 -1.977 107.927 -2.298
202006 4.000 108.401 4.630
202009 6.060 108.164 7.029
202012 3.349 108.559 3.871
202103 4.181 110.298 4.756
202106 15.002 111.720 16.848
202109 7.369 112.905 8.189
202112 -1.042 113.774 -1.149
202203 4.451 117.646 4.747
202206 9.767 120.806 10.144
202209 3.313 120.648 3.445
202212 -0.024 120.964 -0.025
202303 -3.541 122.702 -3.621
202306 1.987 124.203 2.007
202309 2.864 125.230 2.869
202312 -0.742 125.468 -0.742
202403 -1.996 125.468 -1.996

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


West Fraser Timber Co.Ltd  (NYSE:WFG) 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 Fraser Timber Co.Ltd's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=77.02/7.09
=10.86

* 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 Fraser Timber Co.Ltd was 97.35. The lowest was 9.44. And the median was 29.89.


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 Fraser Timber Co.Ltd Cyclically Adjusted FCF per Share Related Terms

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


West Fraser Timber Co.Ltd (West Fraser Timber Co.Ltd) Business Description

Traded in Other Exchanges
Address
c/o West Fraser Group, 858 Beatty Street, Vancouver, BC, CAN, V6B 1C1
West Fraser Timber is a softwood lumber company that also produces wood panels and pulp products. The company produces its wood products globally, with lumber mills in British Columbia, Alberta, Europe, and the southeastern United States. Following its acquisition of Norbord in 2021, West Fraser is now one of the largest oriented strand board, or OSB, producers in the world.

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