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Waste Connections (TSX:WCN) Cyclically Adjusted Revenue per Share : C$31.16 (As of Mar. 2024)


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What is Waste Connections Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Waste Connections's adjusted revenue per share for the three months ended in Mar. 2024 was C$10.854. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$31.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Waste Connections's average Cyclically Adjusted Revenue Growth Rate was 11.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 14.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 11.90% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Waste Connections was 14.00% per year. The lowest was 10.20% per year. And the median was 11.75% per year.

As of today (2024-06-01), Waste Connections's current stock price is C$223.82. Waste Connections's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$31.16. Waste Connections's Cyclically Adjusted PS Ratio of today is 7.18.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Waste Connections was 8.27. The lowest was 3.57. And the median was 6.50.


Waste Connections Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Waste Connections's Cyclically Adjusted Revenue 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.

Waste Connections Cyclically Adjusted Revenue per Share Chart

Waste Connections Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.92 19.18 21.66 26.90 29.61

Waste Connections Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue 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 27.85 28.20 29.75 29.61 31.16

Competitive Comparison of Waste Connections's Cyclically Adjusted Revenue per Share

For the Waste Management subindustry, Waste Connections's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Waste Connections's Cyclically Adjusted PS Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Waste Connections's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Waste Connections's Cyclically Adjusted PS Ratio falls into.



Waste Connections Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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, Waste Connections's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=10.854/126.2576*126.2576
=10.854

Current CPI (Mar. 2024) = 126.2576.

Waste Connections Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.034 99.473 3.851
201409 3.216 99.394 4.085
201412 3.263 98.367 4.188
201503 3.423 99.789 4.331
201506 3.522 100.500 4.425
201509 3.931 100.421 4.942
201512 3.966 99.947 5.010
201603 3.676 101.054 4.593
201606 4.449 102.002 5.507
201609 5.394 101.765 6.692
201612 5.296 101.449 6.591
201703 5.536 102.634 6.810
201706 5.918 103.029 7.252
201709 5.605 103.345 6.848
201712 5.578 103.345 6.815
201803 5.573 105.004 6.701
201806 6.157 105.557 7.364
201809 6.316 105.636 7.549
201812 6.410 105.399 7.679
201903 6.296 106.979 7.431
201906 6.881 107.690 8.067
201909 7.068 107.611 8.293
201912 6.776 107.769 7.938
202003 7.142 107.927 8.355
202006 6.729 108.401 7.837
202009 6.977 108.164 8.144
202012 6.795 108.559 7.903
202103 6.667 110.298 7.632
202106 7.170 111.720 8.103
202109 7.750 112.905 8.667
202112 7.958 113.774 8.831
202203 8.030 117.646 8.618
202206 9.024 120.806 9.431
202209 9.723 120.648 10.175
202212 9.844 120.964 10.275
202303 10.080 122.702 10.372
202306 10.403 124.203 10.575
202309 10.819 125.230 10.908
202312 10.574 125.072 10.674
202403 10.854 126.258 10.854

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Waste Connections  (TSX:WCN) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Waste Connections's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=223.82/31.16
=7.18

* 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 PS Ratio of Waste Connections was 8.27. The lowest was 3.57. And the median was 6.50.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Waste Connections Cyclically Adjusted Revenue per Share Related Terms

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


Waste Connections (TSX:WCN) Business Description

Industry
Traded in Other Exchanges
Address
6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3
Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 100 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 79 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2022, 13% of consolidated revenue was generated from the firm's Canadian segment.
Executives
Matthew Stephen Black Senior Officer
Eric Olin Hansen Senior Officer
Patrick J Shea Senior Officer