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Western Digital (Western Digital) Cyclically Adjusted Price-to-FCF : 14.33 (As of Apr. 27, 2024)


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

As of today (2024-04-27), Western Digital's current share price is $71.36. Western Digital's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.98. Western Digital's Cyclically Adjusted Price-to-FCF for today is 14.33.

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

WDC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.1   Med: 8.88   Max: 22.22
Current: 14.34

During the past years, Western Digital's highest Cyclically Adjusted Price-to-FCF was 22.22. The lowest was 4.10. And the median was 8.88.

WDC's Cyclically Adjusted Price-to-FCF is ranked better than
77.65% of 953 companies
in the Hardware industry
Industry Median: 27.98 vs WDC: 14.34

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.

Western Digital's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.745. 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 $4.98 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Digital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Western Digital'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.

Western Digital Cyclically Adjusted Price-to-FCF Chart

Western Digital Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.09 6.05 9.52 6.24 6.49

Western Digital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.88 6.14 6.49 8.50 10.52

Competitive Comparison of Western Digital's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Western Digital'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 Digital's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Western Digital's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Western Digital 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 Digital's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=71.36/4.98
=14.33

* 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.

Western Digital's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Western Digital's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.745/129.4194*129.4194
=-0.745

Current CPI (Dec. 2023) = 129.4194.

Western Digital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 2.219 99.695 2.881
201406 2.277 100.560 2.930
201409 2.779 100.428 3.581
201412 0.408 99.070 0.533
201503 2.263 99.621 2.940
201506 1.419 100.684 1.824
201509 1.684 100.392 2.171
201512 1.919 99.792 2.489
201603 1.504 100.470 1.937
201606 0.767 101.688 0.976
201609 0.898 101.861 1.141
201612 3.109 101.863 3.950
201703 2.926 102.862 3.681
201706 2.722 103.349 3.409
201709 3.180 104.136 3.952
201712 3.128 104.011 3.892
201803 2.597 105.290 3.192
201806 1.974 106.317 2.403
201809 1.436 106.507 1.745
201812 0.848 105.998 1.035
201903 -0.062 107.251 -0.075
201906 0.051 108.070 0.061
201909 0.365 108.329 0.436
201912 0.326 108.420 0.389
202003 0.050 108.902 0.059
202006 -0.144 108.767 -0.171
202009 0.086 109.815 0.101
202012 0.606 109.897 0.714
202103 -0.409 111.754 -0.474
202106 2.141 114.631 2.417
202109 0.873 115.734 0.976
202112 1.143 117.630 1.258
202203 0.339 121.301 0.362
202206 0.047 125.017 0.049
202209 -0.984 125.227 -1.017
202212 -0.701 125.222 -0.724
202303 -1.583 127.348 -1.609
202306 -0.588 128.729 -0.591
202309 -2.322 129.860 -2.314
202312 -0.745 129.419 -0.745

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 Digital  (NAS:WDC) 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 Digital Cyclically Adjusted Price-to-FCF Related Terms

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


Western Digital (Western Digital) Business Description

Industry
Address
5601 Great Oaks Parkway, San Jose, CA, USA, 95119
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Executives
Robert Soderbery officer: EVP & GM, Flash Business C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Gene M. Zamiska officer: Principal Accounting Officer C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Reed B Rayman director 6775 LENOX CENTER COURT, SUITE 400, MEMPHIS TN 38115
David Goeckeler director, officer: Chief Executive Officer C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Wissam G Jabre officer: EVP & CFO C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Paula A Price director ONE CVS DRIVE, WOONSOCKET RI 02895
Miyuki Suzuki director C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Thomas Caulfield director C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Lori S Sundberg officer: EVP & Chief Human Res Officer 400 NORTH FIFTH STREET, PHOENIX AZ 85004
Michael Charles Ray officer: Sr. VP, Gen Cnsl & Secretary C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Sean Hunkler officer: EVP, Global Operations C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Michael D Cordano officer: President, HGST Subsidiary C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Stephen D Milligan officer: Sr. V.P. & CFO C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Matthew E Massengill director, officer: Chairman and CEO C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Robert K Eulau officer: EVP & CFO 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119