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WEX (STU:WL9) Cyclically Adjusted Price-to-FCF : 21.13 (As of Jun. 11, 2024)


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What is WEX Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), WEX's current share price is €168.00. WEX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €7.95. WEX's Cyclically Adjusted Price-to-FCF for today is 21.13.

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

STU:WL9' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.12   Med: 45.1   Max: 5793
Current: 21.12

During the past years, WEX's highest Cyclically Adjusted Price-to-FCF was 5793.00. The lowest was 21.12. And the median was 45.10.

STU:WL9's Cyclically Adjusted Price-to-FCF is ranked better than
61.73% of 682 companies
in the Software industry
Industry Median: 28.365 vs STU:WL9: 21.12

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.

WEX's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-4.064. 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 €7.95 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


WEX Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for WEX'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.

WEX Cyclically Adjusted Price-to-FCF Chart

WEX 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 60.95 39.72 27.56 24.92 22.72

WEX 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 27.93 26.95 26.53 22.72 27.68

Competitive Comparison of WEX's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, WEX'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.


WEX's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



WEX 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=168.00/7.95
=21.13

* 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.

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

For example, WEX'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)
=-4.064/131.7762*131.7762
=-4.064

Current CPI (Mar. 2024) = 131.7762.

WEX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.019 100.560 -2.646
201409 3.066 100.428 4.023
201412 5.831 99.070 7.756
201503 3.785 99.621 5.007
201506 -3.083 100.684 -4.035
201509 4.021 100.392 5.278
201512 4.284 99.792 5.657
201603 1.524 100.470 1.999
201606 -3.629 101.688 -4.703
201609 -0.694 101.861 -0.898
201612 -1.697 101.863 -2.195
201703 -1.792 102.862 -2.296
201706 -0.963 103.349 -1.228
201709 0.557 104.136 0.705
201712 3.071 104.011 3.891
201803 1.363 105.290 1.706
201806 -3.427 106.317 -4.248
201809 4.629 106.507 5.727
201812 3.603 105.998 4.479
201903 0.847 107.251 1.041
201906 -0.214 108.070 -0.261
201909 1.969 108.329 2.395
201912 8.895 108.420 10.811
202003 6.661 108.902 8.060
202006 7.402 108.767 8.968
202009 0.583 109.815 0.700
202012 -1.087 109.897 -1.303
202103 -4.463 111.754 -5.263
202106 1.419 114.631 1.631
202109 1.749 115.734 1.991
202112 -1.229 117.630 -1.377
202203 -3.867 121.301 -4.201
202206 -3.652 125.017 -3.849
202209 9.021 125.227 9.493
202212 11.539 125.222 12.143
202303 -0.171 127.348 -0.177
202306 0.802 128.729 0.821
202309 0.218 129.860 0.221
202312 15.462 129.419 15.744
202403 -4.064 131.776 -4.064

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.


WEX  (STU:WL9) 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.


WEX Cyclically Adjusted Price-to-FCF Related Terms

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


WEX (STU:WL9) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » WEX Inc (STU:WL9) » Definitions » Cyclically Adjusted Price-to-FCF
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Address
1 Hancock Street, Portland, ME, USA, 04101
WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Fleet solutions, Travel & Corporate Solutions, and Health & Employee Benefit Solutions. Fleet Solutions, the largest segment by revenue, provides fleet vehicle payment-processing services for commercial and government fleets. Travel and corporate solutions offer business-to-business payment processing and transaction monitoring services. Health and employee benefit solutions generate revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.

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