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Western Digital (BSP:W1DC34) Cyclically Adjusted Price-to-FCF : 18.58 (As of Jun. 06, 2024)


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

As of today (2024-06-06), Western Digital's current share price is R$383.38. Western Digital's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$20.63. Western Digital's Cyclically Adjusted Price-to-FCF for today is 18.58.

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

BSP:W1DC34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.1   Med: 8.88   Max: 22.22
Current: 16.15

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.

BSP:W1DC34's Cyclically Adjusted Price-to-FCF is ranked better than
75.13% of 965 companies
in the Hardware industry
Industry Median: 30.44 vs BSP:W1DC34: 16.15

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 Mar. 2024 was R$-0.580. 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 R$20.63 for the trailing ten years ended in Mar. 2024.

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
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 6.14 6.49 8.50 10.52 14.33

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
=383.38/20.63
=18.58

* 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 Mar. 2024 is calculated as:

For example, Western Digital'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)
=-0.58/131.7762*131.7762
=-0.580

Current CPI (Mar. 2024) = 131.7762.

Western Digital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 5.091 100.560 6.671
201409 6.497 100.428 8.525
201412 1.077 99.070 1.433
201503 7.108 99.621 9.402
201506 4.415 100.684 5.778
201509 6.572 100.392 8.627
201512 7.446 99.792 9.832
201603 5.563 100.470 7.296
201606 2.625 101.688 3.402
201609 2.922 101.861 3.780
201612 10.427 101.863 13.489
201703 9.152 102.862 11.725
201706 8.971 103.349 11.439
201709 9.961 104.136 12.605
201712 10.308 104.011 13.060
201803 8.517 105.290 10.660
201806 7.442 106.317 9.224
201809 5.901 106.507 7.301
201812 3.294 105.998 4.095
201903 -0.237 107.251 -0.291
201906 0.196 108.070 0.239
201909 1.503 108.329 1.828
201912 1.336 108.420 1.624
202003 0.242 108.902 0.293
202006 -0.749 108.767 -0.907
202009 0.463 109.815 0.556
202012 3.117 109.897 3.738
202103 -2.304 111.754 -2.717
202106 10.766 114.631 12.376
202109 4.611 115.734 5.250
202112 6.463 117.630 7.240
202203 1.685 121.301 1.831
202206 0.240 125.017 0.253
202209 -5.161 125.227 -5.431
202212 -3.678 125.222 -3.871
202303 -8.246 127.348 -8.533
202306 -2.854 128.729 -2.922
202309 -11.468 129.860 -11.637
202312 -3.648 129.419 -3.714
202403 -0.580 131.776 -0.580

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  (BSP:W1DC34) 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 (BSP:W1DC34) 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.

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