Maxim Power (FRA:MP9) Cyclically Adjusted FCF per Share: €-0.16 (As of Mar. 2026)


FRA:MP9 Maxim Power Corp FRA:MP9
45 GF Score
Price €2.54
GF Value €2.40
Valuation Fairly Valued
! 4 Warning Signs
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What is Maxim Power Cyclically Adjusted FCF per Share?

Maxim Power FRA:MP9 +0.79% 45 Cyclically Adjusted FCF per Share is €-0.16 as of Mar. 2026. GuruFocus rates FRA:MP9 with a GF Score™ of 45/100 and a GF Value™ of €2.40 (Fairly Valued). The stock has 4 warning signs investors should review.

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.

Maxim Power's adjusted free cash flow per share for the three months ended in Mar. 2026 was €-0.146. 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 €-0.16 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.60% 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 Maxim Power was 146.60% per year. The lowest was -74.20% per year. And the median was 2.80% per year.

As of today (2026-07-08), Maxim Power's current stock price is €2.54. Maxim Power's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €-0.16. Maxim Power's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Maxim Power was 142.50. The lowest was 15.88. And the median was 45.00.


Maxim Power  (FRA:MP9) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Maxim Power was 142.50. The lowest was 15.88. And the median was 45.00.


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.


Maxim Power Cyclically Adjusted FCF per Share Related Terms


Maxim Power Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Maxim Power'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.

Maxim Power Cyclically Adjusted FCF per Share Chart

Maxim Power Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 -0.31 -0.22 -0.16

Maxim Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -0.22 -0.19 -0.18 -0.16 -0.16

FRA:MP9 vs CEG, VST, NRG: Cyclically Adjusted FCF per Share Comparison

For the Utilities - Independent Power Producers subindustry, Maxim Power'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.


Maxim Power Cyclically Adjusted Price-to-FCF vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Maxim Power's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


FRA:MP9
45GF Score
Maxim Power Corp FRA:MP9
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maxim Power 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, Maxim Power's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.146/132.2623*132.2623
=-0.146

Current CPI (Mar. 2026) = 132.2623.

Maxim Power Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.069 102.002 -0.089
201609 0.073 101.765 0.095
201612 -0.110 101.449 -0.143
201703 -0.036 102.634 -0.046
201706 -0.084 103.029 -0.108
201709 -0.117 103.345 -0.150
201712 -0.037 103.345 -0.047
201803 -0.047 105.004 -0.059
201806 -0.065 105.557 -0.081
201809 -0.329 105.636 -0.412
201812 -0.005 105.399 -0.006
201903 -0.206 106.979 -0.255
201906 -0.337 107.690 -0.414
201909 -0.251 107.611 -0.308
201912 -0.485 107.769 -0.595
202003 -0.101 107.927 -0.124
202006 -0.212 108.401 -0.259
202009 0.021 108.164 0.026
202012 0.118 108.559 0.144
202103 0.265 110.298 0.318
202106 0.186 111.720 0.220
202109 -0.118 112.905 -0.138
202112 -0.159 113.774 -0.185
202203 -0.109 117.646 -0.123
202206 -0.127 120.806 -0.139
202209 0.474 120.648 0.520
202212 -0.259 120.964 -0.283
202303 0.058 122.702 0.063
202306 -0.051 124.203 -0.054
202309 0.027 125.230 0.029
202312 -0.076 125.072 -0.080
202403 0.613 126.258 0.642
202406 0.040 127.522 0.041
202409 0.113 127.285 0.117
202412 0.045 127.364 0.047
202503 0.028 129.181 0.029
202506 -0.018 129.892 -0.018
202509 0.084 130.287 0.085
202512 0.072 130.366 0.073
202603 -0.146 132.262 -0.146

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

What does a Cyclically Adjusted FCF per Share of €-0.16 mean?
Maxim Power (FRA:MP9) has a Cyclically Adjusted FCF per Share of €-0.16 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Maxim Power and its competitors.
Is Maxim Power's Cyclically Adjusted FCF per Share too high?
Maxim Power's current Cyclically Adjusted FCF per Share is €-0.16. Overall, Maxim Power has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maxim Power's Cyclically Adjusted FCF per Share compare to CEG and VST?
Maxim Power's Cyclically Adjusted FCF per Share of €-0.16 can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for an Utilities - Independent Power Producers company?
A good Cyclically Adjusted FCF per Share depends on the Utilities - Independent Power Producers industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Maxim Power and its competitors. Maxim Power's current Cyclically Adjusted FCF per Share is €-0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxim Power stock overvalued right now?
Based on GuruFocus' analysis, Maxim Power (FRA:MP9) is currently considered Fairly Valued. The stock's GF Value™ is €2.40, compared to a current price of €2.54 — trading 5.8% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €-0.16. Maxim Power's overall GF Score™ is 45/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Maxim Power (FRA:MP9), the current Cyclically Adjusted FCF per Share is €-0.16 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Maxim Power (FRA:MP9) Overvalued in 2026?

Based on GuruFocus' analysis, Maxim Power stock appears to be overvalued. The current stock price of €2.54 is trading 5.8% above its estimated GF Value™ of €2.40. GuruFocus considers Maxim Power to be Fairly Valued.

Key valuation signals for FRA:MP9:

  • Cyclically Adjusted FCF per Share: €-0.16
  • GF Value™: €2.40 vs. price of €2.54 (5.8% above fair value)
  • GF Score™: 45/100 with 4 warning signs

No single metric tells the full story. See the FRA:MP9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maxim Power Business Description

Other Exchanges MXGFF:USAMXG:Canada
Address 715 - 5 Avenue SW, Suite 1800, Calgary, AB, CAN, T2P 2X6
Maxim Power Corp is an independent power producer. The company is engaged in the development, ownership, and operation of power generation facilities and the resultant sale of generating capacity and electricity. It is focused entirely on power projects in Alberta. The company's core asset is the 300 MW H.R. Milner Plant (M2) in Grande Cache, AB is a combined cycle gas-fired power plant that was commissioned in Q4, 2023. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.
45GF Score

Get the complete analysis for FRA:MP9

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.54
Price
€2.40
GF Value