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CarMax (MEX:KMX) Cyclically Adjusted FCF per Share : MXN-52.63 (As of Feb. 2025)


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What is CarMax 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.

CarMax's adjusted free cash flow per share for the three months ended in Feb. 2025 was MXN2.489. 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 MXN-52.63 for the trailing ten years ended in Feb. 2025.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -6.80% 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 CarMax was 53.30% per year. The lowest was -69.20% per year. And the median was -12.80% per year.

As of today (2025-05-23), CarMax's current stock price is MXN1570.00. CarMax's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2025 was MXN-52.63. CarMax's Cyclically Adjusted Price-to-FCF of today is .


CarMax Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CarMax'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.

CarMax Cyclically Adjusted FCF per Share Chart

CarMax Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -58.29 -86.79 -70.19 -48.99 -52.63

CarMax Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 -48.99 -56.25 -47.19 -47.82 -52.63

Competitive Comparison of CarMax's Cyclically Adjusted FCF per Share

For the Auto & Truck Dealerships subindustry, CarMax'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.


CarMax's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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CarMax 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, CarMax's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=2.489/134.6241*134.6241
=2.489

Current CPI (Feb. 2025) = 134.6241.

CarMax Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201505 4.220 100.333 5.662
201508 -23.032 100.548 -30.838
201511 -31.991 100.135 -43.010
201602 17.394 100.040 23.407
201605 -0.929 101.355 -1.234
201608 -23.144 101.617 -30.662
201611 -43.310 101.829 -57.258
201702 -23.457 102.779 -30.725
201705 11.189 103.256 14.588
201708 -17.922 103.587 -23.292
201711 -35.100 104.072 -45.404
201802 4.477 105.052 5.737
201805 16.847 106.148 21.367
201808 -22.788 106.383 -28.837
201811 -7.925 106.338 -10.033
201902 -1.466 106.649 -1.851
201905 -4.193 108.048 -5.224
201908 -31.316 108.245 -38.948
201911 -8.247 108.519 -10.231
202002 -23.966 109.139 -29.562
202005 160.874 108.175 200.207
202008 -51.378 109.662 -63.073
202011 -6.484 109.793 -7.950
202102 -30.493 110.968 -36.993
202105 -20.497 113.576 -24.295
202108 -163.863 115.421 -191.126
202111 -102.324 117.269 -117.467
202202 -68.278 119.703 -76.789
202205 53.050 123.323 57.912
202208 -20.186 124.958 -21.748
202211 130.396 125.607 139.756
202302 -55.784 126.928 -59.167
202305 -36.044 128.314 -37.816
202308 5.377 129.538 5.588
202311 7.093 129.548 7.371
202402 21.537 130.930 22.145
202405 -23.879 132.509 -24.260
202408 64.257 132.816 65.132
202411 -19.762 133.110 -19.987
202502 2.489 134.624 2.489

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


CarMax  (MEX:KMX) 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.


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.


CarMax Cyclically Adjusted FCF per Share Related Terms

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


CarMax Business Description

Industry
Traded in Other Exchanges
Address
12800 Tuckahoe Creek Parkway, Richmond, VA, USA, 23238
CarMax sells, finances, and services used and new cars through a chain of around 250 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales were 83% of fiscal 2025 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2025, the company retailed and wholesaled 789,050 and 544,312 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US but still estimates that it had only about 3.7% US market share of vehicles 0-10 years old in calendar 2024. It seeks over 5% share. CarMax is based in Richmond, Virginia.