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Imax (FRA:IMA) Cyclically Adjusted FCF per Share : €0.24 (As of Mar. 2025)


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What is Imax Cyclically Adjusted FCF 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 FCF per Share and 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.

Imax's adjusted free cash flow per share for the three months ended in Mar. 2025 was €-0.129. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €0.24 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Imax's average Cyclically Adjusted FCF Growth Rate was 36.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -6.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 18.00% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Imax was 71.00% per year. The lowest was -20.60% per year. And the median was 5.00% per year.

As of today (2025-05-23), Imax's current stock price is €23.60. Imax's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.24. Imax's Cyclically Adjusted Price-to-FCF of today is 98.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Imax was 4322.00. The lowest was 30.27. And the median was 91.60.


Imax Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Imax's Cyclically Adjusted FCF 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.

Imax Cyclically Adjusted FCF per Share Chart

Imax Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.25 0.18 0.20 0.21

Imax Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF 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 0.18 0.22 0.20 0.21 0.24

Competitive Comparison of Imax's Cyclically Adjusted FCF per Share

For the Entertainment subindustry, Imax'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.


Imax's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Imax's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Imax Cyclically Adjusted FCF 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 FCF per Share and 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.

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

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Imax's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.129/129.1809*129.1809
=-0.129

Current CPI (Mar. 2025) = 129.1809.

Imax Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.112 100.500 -0.144
201509 0.126 100.421 0.162
201512 0.368 99.947 0.476
201603 -0.055 101.054 -0.070
201606 0.124 102.002 0.157
201609 0.021 101.765 0.027
201612 0.115 101.449 0.146
201703 -0.192 102.634 -0.242
201706 0.285 103.029 0.357
201709 0.004 103.345 0.005
201712 0.076 103.345 0.095
201803 0.044 105.004 0.054
201806 0.329 105.557 0.403
201809 0.095 105.636 0.116
201812 0.259 105.399 0.317
201903 -0.189 106.979 -0.228
201906 0.491 107.690 0.589
201909 0.115 107.611 0.138
201912 0.158 107.769 0.189
202003 0.049 107.927 0.059
202006 -0.451 108.401 -0.537
202009 -0.171 108.164 -0.204
202012 0.086 108.559 0.102
202103 -0.206 110.298 -0.241
202106 -0.125 111.720 -0.145
202109 -0.105 112.905 -0.120
202112 0.285 113.774 0.324
202203 -0.150 117.646 -0.165
202206 -0.147 120.806 -0.157
202209 -0.072 120.648 -0.077
202212 0.125 120.964 0.133
202303 0.288 122.702 0.303
202306 0.007 124.203 0.007
202309 0.314 125.230 0.324
202312 -0.170 125.072 -0.176
202403 -0.312 126.258 -0.319
202406 0.461 127.522 0.467
202409 0.343 127.285 0.348
202412 0.011 127.364 0.011
202503 -0.129 129.181 -0.129

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Imax  (FRA:IMA) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 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.

Imax's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.60/0.24
=98.33

* 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 Price-to-FCF of Imax was 4322.00. The lowest was 30.27. And the median was 91.60.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Imax Cyclically Adjusted FCF per Share Related Terms

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


Imax Business Description

Traded in Other Exchanges
Address
2525 Speakman Drive, Mississauga, ON, CAN, L5K 1B1
Imax Corp is a technology platform for entertainment and events. Through its proprietary software, auditorium architecture, patented intellectual property, and specialized equipment, IMAX offers end-to-end solution to create superior, immersive content experiences for which the IMAX brand is globally renowned. The Company has two reportable segments being Content Solutions and Technology Products and Services. The Company leverages its proprietary technology and engineering in all aspects of its business, which principally consists of the IMAX film remastering and the sale or lease of premium IMAX theater systems.

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