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West Pharmaceutical Services (BSP:W2ST34) Cyclically Adjusted Price-to-FCF : 118.88 (As of Apr. 30, 2024)


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What is West Pharmaceutical Services Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), West Pharmaceutical Services's current share price is R$57.06. West Pharmaceutical Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.48. West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF for today is 118.88.

The historical rank and industry rank for West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:W2ST34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 75.72   Med: 112.8   Max: 243.13
Current: 103.31

During the past years, West Pharmaceutical Services's highest Cyclically Adjusted Price-to-FCF was 243.13. The lowest was 75.72. And the median was 112.80.

BSP:W2ST34's Cyclically Adjusted Price-to-FCF is ranked worse than
81.3% of 230 companies
in the Medical Devices & Instruments industry
Industry Median: 42.185 vs BSP:W2ST34: 103.31

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 Pharmaceutical Services's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.053. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$0.48 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


West Pharmaceutical Services Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF 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 Pharmaceutical Services Cyclically Adjusted Price-to-FCF Chart

West Pharmaceutical Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108.48 167.16 213.29 83.39 105.04

West Pharmaceutical Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 114.60 124.40 115.96 105.04 115.35

Competitive Comparison of West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF

For the Medical Instruments & Supplies subindustry, West Pharmaceutical Services'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 Pharmaceutical Services's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



West Pharmaceutical Services Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=57.06/0.48
=118.88

* 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.

West Pharmaceutical Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, West Pharmaceutical Services'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)
=0.053/129.4194*129.4194
=0.053

Current CPI (Mar. 2024) = 129.4194.

West Pharmaceutical Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.035 100.560 0.045
201409 0.032 100.428 0.041
201412 0.019 99.070 0.025
201503 -0.040 99.621 -0.052
201506 0.061 100.684 0.078
201509 0.059 100.392 0.076
201512 0.035 99.792 0.045
201603 -0.051 100.470 -0.066
201606 0.054 101.688 0.069
201609 0.024 101.861 0.030
201612 0.031 101.863 0.039
201703 -0.020 102.862 -0.025
201706 0.069 103.349 0.086
201709 0.049 104.136 0.061
201712 0.066 104.011 0.082
201803 0.021 105.290 0.026
201806 0.089 106.317 0.108
201809 0.096 106.507 0.117
201812 0.064 105.998 0.078
201903 0.027 107.251 0.033
201906 0.113 108.070 0.135
201909 0.119 108.329 0.142
201912 0.107 108.420 0.128
202003 0.046 108.902 0.055
202006 0.210 108.767 0.250
202009 0.145 109.815 0.171
202012 0.182 109.897 0.214
202103 0.072 111.754 0.083
202106 0.166 114.631 0.187
202109 0.248 115.734 0.277
202112 0.175 117.630 0.193
202203 0.160 121.301 0.171
202206 0.204 125.017 0.211
202209 0.220 125.227 0.227
202212 0.270 125.222 0.279
202303 0.110 127.348 0.112
202306 0.173 128.729 0.174
202309 0.252 129.860 0.251
202312 0.244 129.419 0.244
202403 0.053 129.419 0.053

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


West Pharmaceutical Services  (BSP:W2ST34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


West Pharmaceutical Services Cyclically Adjusted Price-to-FCF Related Terms

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West Pharmaceutical Services (BSP:W2ST34) Business Description

Traded in Other Exchanges
Address
530 Herman O. West Drive, Exton, PA, USA, 19341-0645
West Pharmaceutical Services is a Pennsylvania-based medical supplies company that operates as a key supplier to firms in the pharmaceutical, biotechnology, and generic drug industries. West develops, manufactures, and distributes elastomer-based supplies for the containment and administration of injectable drugs, including basic equipment such as syringes, stoppers, and plungers, along with somewhat more complicated devices including auto-injectors and other self-injection platforms. The company reports in two segments: proprietary products (82% of 2021 sales) and contract-manufactured products (18%). It generates 55% of its revenue from international markets and 45% from the United States.

West Pharmaceutical Services (BSP:W2ST34) Headlines

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