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West Pharmaceutical Services (FRA:WPS) Cyclically Adjusted Price-to-FCF : 90.09 (As of Jun. 08, 2024)


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What is West Pharmaceutical Services Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), West Pharmaceutical Services's current share price is €287.40. West Pharmaceutical Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.19. West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF for today is 90.09.

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

FRA:WPS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 75.72   Med: 112.8   Max: 243.13
Current: 90.11

During the past years, West Pharmaceutical Services's highest Cyclically Adjusted Price-to-FCF was 243.13. The lowest was 75.72. And the median was 112.80.

FRA:WPS's Cyclically Adjusted Price-to-FCF is ranked worse than
82.7% of 237 companies
in the Medical Devices & Instruments industry
Industry Median: 42.66 vs FRA:WPS: 90.11

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.

West Pharmaceutical Services's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.342. 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 €3.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


West Pharmaceutical Services Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for West Pharmaceutical Services'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.

West Pharmaceutical Services Cyclically Adjusted Price-to-FCF Chart

West Pharmaceutical Services 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 108.48 167.16 213.29 83.39 105.04

West Pharmaceutical Services 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 114.60 124.40 115.96 105.04 113.31

Competitive Comparison of West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF

For the Medical Instruments & Supplies subindustry, West Pharmaceutical Services'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.


West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF falls into.



West Pharmaceutical Services 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.

West Pharmaceutical Services's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=287.40/3.19
=90.09

* 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.

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

For example, West Pharmaceutical Services'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)
=0.342/131.7762*131.7762
=0.342

Current CPI (Mar. 2024) = 131.7762.

West Pharmaceutical Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.404 100.560 0.529
201409 0.377 100.428 0.495
201412 0.206 99.070 0.274
201503 -0.407 99.621 -0.538
201506 0.614 100.684 0.804
201509 0.471 100.392 0.618
201512 0.286 99.792 0.378
201603 -0.436 100.470 -0.572
201606 0.490 101.688 0.635
201609 0.234 101.861 0.303
201612 0.304 101.863 0.393
201703 -0.210 102.862 -0.269
201706 0.655 103.349 0.835
201709 0.459 104.136 0.581
201712 0.592 104.011 0.750
201803 0.183 105.290 0.229
201806 0.705 106.317 0.874
201809 0.701 106.507 0.867
201812 0.504 105.998 0.627
201903 0.221 107.251 0.272
201906 0.905 108.070 1.104
201909 0.919 108.329 1.118
201912 0.818 108.420 0.994
202003 0.300 108.902 0.363
202006 1.261 108.767 1.528
202009 0.796 109.815 0.955
202012 1.020 109.897 1.223
202103 0.377 111.754 0.445
202106 0.959 114.631 1.102
202109 1.396 115.734 1.589
202112 0.959 117.630 1.074
202203 1.020 121.301 1.108
202206 1.335 125.017 1.407
202209 1.482 125.227 1.560
202212 1.699 125.222 1.788
202303 0.691 127.348 0.715
202306 1.148 128.729 1.175
202309 1.671 129.860 1.696
202312 1.601 129.419 1.630
202403 0.342 131.776 0.342

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.


West Pharmaceutical Services  (FRA:WPS) 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.


West Pharmaceutical Services Cyclically Adjusted Price-to-FCF Related Terms

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West Pharmaceutical Services (FRA:WPS) Business Description

Traded in Other Exchanges
Address
530 Herman O. West Drive, Exton, PA, USA, 19341-0645
West Pharmaceutical Services is a Pennsylvania-based medical supplies company that operates as a key supplier to firms in the pharmaceutical, biotechnology, and generic drug industries. West develops, manufactures, and distributes elastomer-based supplies for the containment and administration of injectable drugs, including basic equipment such as syringes, stoppers, and plungers, along with somewhat more complicated devices including auto-injectors and other self-injection platforms. The company reports in two segments: proprietary products (82% of 2021 sales) and contract-manufactured products (18%). It generates 55% of its revenue from international markets and 45% from the United States.

West Pharmaceutical Services (FRA:WPS) Headlines