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Western Forest Products (FRA:NWF) Cyclically Adjusted FCF per Share : €0.07 (As of Mar. 2024)


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What is Western Forest Products 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.

Western Forest Products's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.070. 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 €0.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Western Forest Products's average Cyclically Adjusted FCF Growth Rate was -21.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.40% 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 Western Forest Products was 18.60% per year. The lowest was 6.30% per year. And the median was 17.10% per year.

As of today (2024-06-09), Western Forest Products's current stock price is €0.32. Western Forest Products's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.07. Western Forest Products's Cyclically Adjusted Price-to-FCF of today is 4.57.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Western Forest Products was 140.00. The lowest was 4.50. And the median was 13.65.


Western Forest Products Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Western Forest Products'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.

Western Forest Products Cyclically Adjusted FCF per Share Chart

Western Forest Products 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 0.06 0.06 0.12 0.10 0.08

Western Forest Products 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 0.09 0.10 0.09 0.08 0.07

Competitive Comparison of Western Forest Products's Cyclically Adjusted FCF per Share

For the Lumber & Wood Production subindustry, Western Forest Products'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 Forest Products's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Western Forest Products's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Western Forest Products 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, Western Forest Products'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)
=-0.07/126.2576*126.2576
=-0.070

Current CPI (Mar. 2024) = 126.2576.

Western Forest Products Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.038 99.473 0.048
201409 0.020 99.394 0.025
201412 -0.015 98.367 -0.019
201503 -0.003 99.789 -0.004
201506 0.009 100.500 0.011
201509 0.036 100.421 0.045
201512 0.021 99.947 0.027
201603 0.024 101.054 0.030
201606 -0.014 102.002 -0.017
201609 0.056 101.765 0.069
201612 0.058 101.449 0.072
201703 0.102 102.634 0.125
201706 0.036 103.029 0.044
201709 0.031 103.345 0.038
201712 -0.031 103.345 -0.038
201803 0.033 105.004 0.040
201806 0.013 105.557 0.016
201809 0.032 105.636 0.038
201812 -0.043 105.399 -0.052
201903 -0.046 106.979 -0.054
201906 -0.042 107.690 -0.049
201909 0.034 107.611 0.040
201912 0.010 107.769 0.012
202003 -0.024 107.927 -0.028
202006 -0.020 108.401 -0.023
202009 0.061 108.164 0.071
202012 0.086 108.559 0.100
202103 0.073 110.298 0.084
202106 0.193 111.720 0.218
202109 0.143 112.905 0.160
202112 0.051 113.774 0.057
202203 -0.095 117.646 -0.102
202206 0.034 120.806 0.036
202209 -0.041 120.648 -0.043
202212 -0.023 120.964 -0.024
202303 -0.072 122.702 -0.074
202306 -0.010 124.203 -0.010
202309 -0.049 125.230 -0.049
202312 -0.039 125.072 -0.039
202403 -0.070 126.258 -0.070

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


Western Forest Products  (FRA:NWF) 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.

Western Forest Products's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.32/0.07
=4.57

* 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 Western Forest Products was 140.00. The lowest was 4.50. And the median was 13.65.


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.


Western Forest Products Cyclically Adjusted FCF per Share Related Terms

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


Western Forest Products (FRA:NWF) Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 800, P.O. Box 11122, Royal Centre Building, Vancouver, BC, CAN, V6E 3P3
Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprises Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company's large markets and contribute the vast majority of its total revenue.

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