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MAX Automation SE (LTS:0RK5) Cyclically Adjusted FCF per Share : €0.50 (As of Mar. 2024)


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What is MAX Automation SE 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.

MAX Automation SE's adjusted free cash flow per share for the three months ended in Mar. 2024 was €-0.199. 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 €0.50 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.40% 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 MAX Automation SE was 23.20% per year. The lowest was 7.50% per year. And the median was 13.70% per year.

As of today (2024-06-05), MAX Automation SE's current stock price is €5.88368. MAX Automation SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.50. MAX Automation SE's Cyclically Adjusted Price-to-FCF of today is 11.77.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MAX Automation SE was 26.89. The lowest was 7.89. And the median was 12.80.


MAX Automation SE Cyclically Adjusted FCF per Share Historical Data

The historical data trend for MAX Automation SE'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.

MAX Automation SE Cyclically Adjusted FCF per Share Chart

MAX Automation SE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.26 0.49 0.39 0.41

MAX Automation SE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.39 0.45 0.48 0.41 0.50

Competitive Comparison of MAX Automation SE's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, MAX Automation SE'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.


MAX Automation SE's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, MAX Automation SE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MAX Automation SE 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, MAX Automation SE'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)
=-0.199/125.0381*125.0381
=-0.199

Current CPI (Mar. 2024) = 125.0381.

MAX Automation SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.079 99.543 0.099
201409 0.279 99.823 0.349
201412 0.309 99.543 0.388
201503 -0.281 99.717 -0.352
201506 0.416 100.417 0.518
201509 -0.083 100.417 -0.103
201512 1.029 99.717 1.290
201603 -0.463 100.017 -0.579
201606 -0.473 100.717 -0.587
201609 -0.081 101.017 -0.100
201612 0.245 101.217 0.303
201703 -0.589 101.417 -0.726
201706 -0.465 102.117 -0.569
201709 0.391 102.717 0.476
201712 1.192 102.617 1.452
201803 -0.326 102.917 -0.396
201806 -0.594 104.017 -0.714
201809 0.772 104.718 0.922
201812 0.903 104.217 1.083
201903 -0.372 104.217 -0.446
201906 -0.185 105.718 -0.219
201909 -0.612 106.018 -0.722
201912 0.462 105.818 0.546
202003 -0.134 105.718 -0.158
202006 -0.348 106.618 -0.408
202009 0.770 105.818 0.910
202012 0.888 105.518 1.052
202103 -0.299 107.518 -0.348
202106 0.617 108.486 0.711
202109 -0.005 109.435 -0.006
202112 0.653 110.384 0.740
202203 -0.223 113.968 -0.245
202206 -0.219 115.760 -0.237
202209 0.292 118.818 0.307
202212 -0.004 119.345 -0.004
202303 0.008 122.402 0.008
202306 -0.067 123.140 -0.068
202309 0.275 124.195 0.277
202312 0.223 123.773 0.225
202403 -0.199 125.038 -0.199

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


MAX Automation SE  (LTS:0RK5) 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.

MAX Automation SE's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=5.88368/0.5
=11.77

* 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 MAX Automation SE was 26.89. The lowest was 7.89. And the median was 12.80.


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.


MAX Automation SE Cyclically Adjusted FCF per Share Related Terms

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


MAX Automation SE (LTS:0RK5) Business Description

Industry
Traded in Other Exchanges
Address
Fritz-Vomfelde-Street 34, Dusseldorf, NW, DEU, 40547
MAX Automation SE is a medium-sized finance and investment company with an actively managed portfolio of operationally independent portfolio companies in attractive and fastgrowing niche markets. The present portfolio of companies consists of ten portfolio companies and their respective subsidiaries which develop, manufacture and distribute a diversified portfolio of technologically complex machinery, equipment, and integrated automation solutions as well as complementary services such as consulting, production support, maintenance, and repair for their customers both in Germany and internationally.

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