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Western Resources (TSX:WRX) Cyclically Adjusted Price-to-FCF : (As of Jun. 11, 2024)


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What is Western Resources Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Western Resources'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.

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Western Resources Cyclically Adjusted Price-to-FCF Chart

Western Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Western Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Western Resources's Cyclically Adjusted Price-to-FCF

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 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.

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

For example, Western Resources'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)
=-0.016/126.2576*126.2576
=-0.016

Current CPI (Mar. 2024) = 126.2576.

Western Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.044 99.473 -0.056
201409 -0.033 99.394 -0.042
201412 -0.032 98.367 -0.041
201503 -0.034 99.789 -0.043
201506 -0.027 100.500 -0.034
201509 -0.074 100.421 -0.093
201512 -0.047 99.947 -0.059
201603 -0.032 101.054 -0.040
201606 -0.032 102.002 -0.040
201609 -0.038 101.765 -0.047
201612 -0.010 101.449 -0.012
201703 -0.014 102.634 -0.017
201706 -0.013 103.029 -0.016
201709 -0.001 103.345 -0.001
201712 -0.006 103.345 -0.007
201803 -0.005 105.004 -0.006
201806 -0.018 105.557 -0.022
201809 -0.025 105.636 -0.030
201812 -0.068 105.399 -0.081
201903 -0.051 106.979 -0.060
201906 -0.072 107.690 -0.084
201909 -0.103 107.611 -0.121
201912 -0.159 107.769 -0.186
202003 -0.026 107.927 -0.030
202006 -0.024 108.401 -0.028
202009 -0.034 108.164 -0.040
202012 -0.015 108.559 -0.017
202103 -0.014 110.298 -0.016
202106 -0.033 111.720 -0.037
202109 -0.021 112.905 -0.023
202112 -0.016 113.774 -0.018
202203 -0.031 117.646 -0.033
202206 -0.138 120.806 -0.144
202209 0.140 120.648 0.147
202212 -0.048 120.964 -0.050
202303 -0.031 122.702 -0.032
202306 -0.017 124.203 -0.017
202309 -0.062 125.230 -0.063
202312 -0.023 125.072 -0.023
202403 -0.016 126.258 -0.016

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.


Western Resources  (TSX:WRX) 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.


Western Resources Cyclically Adjusted Price-to-FCF Related Terms

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Western Resources (TSX:WRX) 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.
Executives
Jian Xing 10% Security Holder, Deemed Insider - 6 Months before becoming Insider, Director or Senior Officer of 10% Security Holder

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