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Waste Connections (Waste Connections) Cyclically Adjusted Price-to-FCF : 47.11 (As of Apr. 27, 2024)


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What is Waste Connections Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Waste Connections's current share price is $163.48. Waste Connections's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.47. Waste Connections's Cyclically Adjusted Price-to-FCF for today is 47.11.

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

WCN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.52   Med: 42.79   Max: 53.72
Current: 47.07

During the past years, Waste Connections's highest Cyclically Adjusted Price-to-FCF was 53.72. The lowest was 24.52. And the median was 42.79.

WCN's Cyclically Adjusted Price-to-FCF is ranked worse than
79.25% of 53 companies
in the Waste Management industry
Industry Median: 21.59 vs WCN: 47.07

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.

Waste Connections's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.239. 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 $3.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Waste Connections Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Waste Connections'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.

Waste Connections Cyclically Adjusted Price-to-FCF Chart

Waste Connections 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 42.36 44.41 52.05 43.68 43.60

Waste Connections 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 44.62 44.07 40.14 43.60 49.52

Competitive Comparison of Waste Connections's Cyclically Adjusted Price-to-FCF

For the Waste Management subindustry, Waste Connections'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.


Waste Connections's Cyclically Adjusted Price-to-FCF Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Waste Connections's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Waste Connections 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.

Waste Connections's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=163.48/3.47
=47.11

* 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.

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

For example, Waste Connections'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)
=1.239/125.4675*125.4675
=1.239

Current CPI (Mar. 2024) = 125.4675.

Waste Connections Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.463 99.473 0.584
201409 0.372 99.394 0.470
201412 0.205 98.367 0.261
201503 0.648 99.789 0.815
201506 0.516 100.500 0.644
201509 0.421 100.421 0.526
201512 0.235 99.947 0.295
201603 0.584 101.054 0.725
201606 0.187 102.002 0.230
201609 0.707 101.765 0.872
201612 0.442 101.449 0.547
201703 0.744 102.634 0.910
201706 0.579 103.029 0.705
201709 0.839 103.345 1.019
201712 0.517 103.345 0.628
201803 0.816 105.004 0.975
201806 0.935 105.557 1.111
201809 0.760 105.636 0.903
201812 0.759 105.399 0.904
201903 0.944 106.979 1.107
201906 0.944 107.690 1.100
201909 0.835 107.611 0.974
201912 0.583 107.769 0.679
202003 0.877 107.927 1.020
202006 0.898 108.401 1.039
202009 0.873 108.164 1.013
202012 0.174 108.559 0.201
202103 1.154 110.298 1.313
202106 1.046 111.720 1.175
202109 0.817 112.905 0.908
202112 0.626 113.774 0.690
202203 1.112 117.646 1.186
202206 1.217 120.806 1.264
202209 1.084 120.648 1.127
202212 0.884 120.964 0.917
202303 1.033 122.702 1.056
202306 1.379 124.203 1.393
202309 1.289 125.230 1.291
202312 0.920 125.468 0.920
202403 1.239 125.468 1.239

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.


Waste Connections  (NYSE:WCN) 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.


Waste Connections Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Waste Connections's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Waste Connections (Waste Connections) Business Description

Traded in Other Exchanges
Address
6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3
Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 100 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 79 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2022, 13% of consolidated revenue was generated from the firm's Canadian segment.
Executives
Philip Rivard officer: SR VP Business Development 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Iii Robert Nielsen officer: SR VP Operations 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Robert Michael Cloninger officer: SR VP, Deputy General Counsel 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
William J Razzouk director C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
James Little officer: Sr. Vice President Engineering 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Susan Netherton officer: VP People, Training & Devlpmnt 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Domenic Pio officer: SR VP Operations 1001 FANNIN ST, STE 4000, HOUSTON TX 77002
David Eddie officer: Sr. VP & Chief Accting Officer 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Andrea E. Bertone director C/O CORP. SECRETARY, PEABODY ENERGY CORP, 701 MARKET STREET, ST. LOUIS MO 63101
Eric Hansen officer: Senior Vice President and CIO 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Patrick James Shea officer: Sr. VP, General Counsel & Sec 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Jason Craft officer: Sr Vice President-Operations 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Darrell W Chambliss officer: EVP & COO 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
David M Hall officer: Sr. Vice President 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Matthew Stephen Black officer: Sr. Vice President - Tax 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380