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Wheaton Precious Metals (TSX:WPM) Cyclically Adjusted Price-to-FCF : 986.50 (As of May. 22, 2024)


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What is Wheaton Precious Metals Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Wheaton Precious Metals's current share price is C$78.92. Wheaton Precious Metals's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.08. Wheaton Precious Metals's Cyclically Adjusted Price-to-FCF for today is 986.50.

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

TSX:WPM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 204.15   Med: 264.56   Max: 987.41
Current: 987.41

During the past years, Wheaton Precious Metals's highest Cyclically Adjusted Price-to-FCF was 987.41. The lowest was 204.15. And the median was 264.56.

TSX:WPM's Cyclically Adjusted Price-to-FCF is ranked worse than
98.36% of 244 companies
in the Metals & Mining industry
Industry Median: 22.47 vs TSX:WPM: 987.41

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.

Wheaton Precious Metals's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-0.726. 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 C$0.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wheaton Precious Metals Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Wheaton Precious Metals'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.

Wheaton Precious Metals Cyclically Adjusted Price-to-FCF Chart

Wheaton Precious Metals 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 - - - - 444.59

Wheaton Precious Metals 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 274.20 209.50 216.64 444.59 798.24

Competitive Comparison of Wheaton Precious Metals's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, Wheaton Precious Metals'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.


Wheaton Precious Metals's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Wheaton Precious Metals's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Wheaton Precious Metals 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.

Wheaton Precious Metals's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=78.92/0.08
=986.50

* 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.

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

For example, Wheaton Precious Metals'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)
=-0.726/126.2576*126.2576
=-0.726

Current CPI (Mar. 2024) = 126.2576.

Wheaton Precious Metals Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.310 99.473 0.393
201409 0.341 99.394 0.433
201412 0.297 98.367 0.381
201503 -2.757 99.789 -3.488
201506 0.331 100.500 0.416
201509 0.325 100.421 0.409
201512 -2.604 99.947 -3.289
201603 0.372 101.054 0.465
201606 0.390 102.002 0.483
201609 -1.894 101.765 -2.350
201612 0.521 101.449 0.648
201703 0.361 102.634 0.444
201706 0.375 103.029 0.460
201709 0.358 103.345 0.437
201712 0.473 103.345 0.578
201803 0.365 105.004 0.439
201806 -1.418 105.557 -1.696
201809 -1.192 105.636 -1.425
201812 0.326 105.399 0.391
201903 0.355 106.979 0.419
201906 0.323 107.690 0.379
201909 0.418 107.611 0.490
201912 0.387 107.769 0.453
202003 0.550 107.927 0.643
202006 0.457 108.401 0.532
202009 0.665 108.164 0.776
202012 0.590 108.559 0.686
202103 0.214 110.298 0.245
202106 0.411 111.720 0.464
202109 0.560 112.905 0.626
202112 -0.309 113.774 -0.343
202203 0.461 117.646 0.495
202206 0.540 120.806 0.564
202209 0.315 120.648 0.330
202212 0.383 120.964 0.400
202303 0.310 122.702 0.319
202306 0.333 124.203 0.339
202309 0.228 125.230 0.230
202312 -0.645 125.072 -0.651
202403 -0.726 126.258 -0.726

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.


Wheaton Precious Metals  (TSX:WPM) 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.


Wheaton Precious Metals Cyclically Adjusted Price-to-FCF Related Terms

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


Wheaton Precious Metals (TSX:WPM) Business Description

Traded in Other Exchanges
Address
1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3
Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.
Executives
Gary Duncan Brown Senior Officer
Bradley William Carpenter Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Patrick Eugene Drouin Senior Officer
Glenn Antony Ives Director
Bill Koutsouras Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Marilyn Joy Schonberner Director
Randy Smallwood Senior Officer
Anne Storie Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)