GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Resources Corp (OTCPK:WTRNF) » Definitions » Cyclically Adjusted FCF per Share

Western Resources (Western Resources) Cyclically Adjusted FCF per Share : $-0.11 (As of Dec. 2023)


View and export this data going back to 2014. Start your Free Trial

What is Western Resources 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.

Western Resources's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.017. 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 $-0.11 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 19.10% 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 Western Resources was 22.70% per year. The lowest was 11.30% per year. And the median was 18.55% per year.

As of today (2024-04-30), Western Resources's current stock price is $0.09254. Western Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $-0.11. Western Resources's Cyclically Adjusted Price-to-FCF of today is .


Western Resources Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Western Resources'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.

Western Resources Cyclically Adjusted FCF per Share Chart

Western Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.30 -0.22 -0.17 -0.17 -0.11

Western Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -0.11 -0.08 -0.09 -0.11 -0.11

Competitive Comparison of Western Resources's Cyclically Adjusted FCF per Share

For the Other Industrial Metals & Mining subindustry, Western Resources'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.


Western Resources's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Western Resources's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Western Resources 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, Western Resources's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.017/125.4675*125.4675
=-0.017

Current CPI (Dec. 2023) = 125.4675.

Western Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.033 98.604 -0.042
201406 -0.041 99.473 -0.052
201409 -0.030 99.394 -0.038
201412 -0.028 98.367 -0.036
201503 -0.027 99.789 -0.034
201506 -0.022 100.500 -0.027
201509 -0.056 100.421 -0.070
201512 -0.035 99.947 -0.044
201603 -0.024 101.054 -0.030
201606 -0.025 102.002 -0.031
201609 -0.029 101.765 -0.036
201612 -0.007 101.449 -0.009
201703 -0.010 102.634 -0.012
201706 -0.009 103.029 -0.011
201709 -0.001 103.345 -0.001
201712 -0.005 103.345 -0.006
201803 -0.004 105.004 -0.005
201806 -0.013 105.557 -0.015
201809 -0.019 105.636 -0.023
201812 -0.051 105.399 -0.061
201903 -0.038 106.979 -0.045
201906 -0.054 107.690 -0.063
201909 -0.078 107.611 -0.091
201912 -0.121 107.769 -0.141
202003 -0.019 107.927 -0.022
202006 -0.018 108.401 -0.021
202009 -0.026 108.164 -0.030
202012 -0.011 108.559 -0.013
202103 -0.011 110.298 -0.013
202106 -0.027 111.720 -0.030
202109 -0.016 112.905 -0.018
202112 -0.013 113.774 -0.014
202203 -0.024 117.646 -0.026
202206 -0.108 120.806 -0.112
202209 0.105 120.648 0.109
202212 -0.035 120.964 -0.036
202303 -0.023 122.702 -0.024
202306 -0.013 124.203 -0.013
202309 -0.046 125.230 -0.046
202312 -0.017 125.468 -0.017

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


Western Resources  (OTCPK:WTRNF) 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.


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.


Western Resources Cyclically Adjusted FCF per Share Related Terms

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


Western Resources (Western Resources) Business Description

Traded in Other Exchanges
Address
666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8
Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phases 2 and 3 to develop potash deposits in an environmentally friendly model. The company's two reportable operating segments are the acquisition, exploration, and development of mineral properties and the investment in real estate projects in Canada.