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West Pharmaceutical Services (MEX:WST) Cyclically Adjusted Price-to-FCF : 119.23 (As of Jun. 24, 2024)


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

As of today (2024-06-24), West Pharmaceutical Services's current share price is MXN6356.00. West Pharmaceutical Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was MXN53.31. West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF for today is 119.23.

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

MEX:WST' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 75.72   Med: 112.8   Max: 243.13
Current: 95.29

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.

MEX:WST's Cyclically Adjusted Price-to-FCF is ranked worse than
83.47% of 236 companies
in the Medical Devices & Instruments industry
Industry Median: 41.85 vs MEX:WST: 95.29

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 MXN6.165. 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 MXN53.31 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 114.60 124.40 115.96 105.04 113.31

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
=6356.00/53.31
=119.23

* 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)
=6.165/131.7762*131.7762
=6.165

Current CPI (Mar. 2024) = 131.7762.

West Pharmaceutical Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 7.112 100.560 9.320
201409 6.529 100.428 8.567
201412 3.743 99.070 4.979
201503 -6.718 99.621 -8.886
201506 10.815 100.684 14.155
201509 8.941 100.392 11.736
201512 5.362 99.792 7.081
201603 -8.363 100.470 -10.969
201606 10.186 101.688 13.200
201609 5.079 101.861 6.571
201612 6.601 101.863 8.539
201703 -4.223 102.862 -5.410
201706 13.307 103.349 16.967
201709 9.923 104.136 12.557
201712 13.764 104.011 17.438
201803 4.091 105.290 5.120
201806 16.191 106.317 20.068
201809 15.295 106.507 18.924
201812 11.250 105.998 13.986
201903 4.843 107.251 5.950
201906 19.644 108.070 23.953
201909 19.977 108.329 24.301
201912 17.141 108.420 20.834
202003 7.764 108.902 9.395
202006 32.774 108.767 39.707
202009 20.721 109.815 24.865
202012 24.683 109.897 29.597
202103 9.169 111.754 10.812
202106 23.009 114.631 26.450
202109 33.765 115.734 38.445
202112 22.228 117.630 24.901
202203 22.374 121.301 24.306
202206 28.399 125.017 29.934
202209 29.521 125.227 31.065
202212 35.093 125.222 36.930
202303 13.334 127.348 13.798
202306 21.328 128.729 21.833
202309 31.067 129.860 31.526
202312 29.631 129.419 30.171
202403 6.165 131.776 6.165

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  (MEX:WST) 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 (MEX:WST) 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.