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Wheaton Precious Metals (LSE:WPM) Cyclically Adjusted FCF per Share : £0.05 (As of Mar. 2024)


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What is Wheaton Precious Metals 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.

Wheaton Precious Metals's adjusted free cash flow per share for the three months ended in Mar. 2024 was £-0.422. 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 £0.05 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Wheaton Precious Metals's average Cyclically Adjusted FCF Growth Rate was -66.70% 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 Wheaton Precious Metals was 69.10% per year. The lowest was -117.20% per year. And the median was -1.60% per year.

As of today (2024-06-08), Wheaton Precious Metals's current stock price is £44.00. Wheaton Precious Metals's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was £0.05. Wheaton Precious Metals's Cyclically Adjusted Price-to-FCF of today is 880.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Wheaton Precious Metals was 969.88. The lowest was 204.15. And the median was 267.36.


Wheaton Precious Metals Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Wheaton Precious Metals'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.

Wheaton Precious Metals Cyclically Adjusted FCF per Share Chart

Wheaton Precious Metals 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 - -0.25 -0.30 -0.26 0.09

Wheaton Precious Metals 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 0.14 0.16 0.15 0.09 0.05

Competitive Comparison of Wheaton Precious Metals's Cyclically Adjusted FCF per Share

For the Gold subindustry, Wheaton Precious Metals'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.


Wheaton Precious Metals's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Wheaton Precious Metals's Cyclically Adjusted Price-to-FCF falls into.



Wheaton Precious Metals 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, Wheaton Precious Metals'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)
=-0.422/126.2576*126.2576
=-0.422

Current CPI (Mar. 2024) = 126.2576.

Wheaton Precious Metals Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.169 99.473 0.215
201409 0.190 99.394 0.241
201412 0.165 98.367 0.212
201503 -1.462 99.789 -1.850
201506 0.172 100.500 0.216
201509 0.160 100.421 0.201
201512 -1.269 99.947 -1.603
201603 0.198 101.054 0.247
201606 0.213 102.002 0.264
201609 -1.099 101.765 -1.364
201612 0.313 101.449 0.390
201703 0.218 102.634 0.268
201706 0.220 103.029 0.270
201709 0.219 103.345 0.268
201712 0.277 103.345 0.338
201803 0.202 105.004 0.243
201806 -0.812 105.557 -0.971
201809 -0.699 105.636 -0.835
201812 0.192 105.399 0.230
201903 0.201 106.979 0.237
201906 0.192 107.690 0.225
201909 0.255 107.611 0.299
201912 0.224 107.769 0.262
202003 0.318 107.927 0.372
202006 0.269 108.401 0.313
202009 0.388 108.164 0.453
202012 0.343 108.559 0.399
202103 0.123 110.298 0.141
202106 0.240 111.720 0.271
202109 0.321 112.905 0.359
202112 -0.181 113.774 -0.201
202203 0.276 117.646 0.296
202206 0.343 120.806 0.358
202209 0.209 120.648 0.219
202212 0.232 120.964 0.242
202303 0.187 122.702 0.192
202306 0.198 124.203 0.201
202309 0.136 125.230 0.137
202312 -0.380 125.072 -0.384
202403 -0.422 126.258 -0.422

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


Wheaton Precious Metals  (LSE:WPM) 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.

Wheaton Precious Metals's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=44.00/0.05
=880.00

* 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 Wheaton Precious Metals was 969.88. The lowest was 204.15. And the median was 267.36.


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.


Wheaton Precious Metals Cyclically Adjusted FCF per Share Related Terms

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


Wheaton Precious Metals (LSE:WPM) Business Description

Traded in Other Exchanges
Address
1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3
Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.