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MAX Co (MAX Co) Cyclically Adjusted FCF per Share : $0.33 (As of Mar. 2024)


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What is MAX Co 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 Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.407. 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 $0.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, MAX Co's average Cyclically Adjusted FCF Growth Rate was 16.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.10% 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 Co was 6.20% per year. The lowest was -1.60% per year. And the median was 1.40% per year.

As of today (2024-06-06), MAX Co's current stock price is $10.3727. MAX Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.33. MAX Co's Cyclically Adjusted Price-to-FCF of today is 31.43.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MAX Co was 35.62. The lowest was 14.06. And the median was 19.70.


MAX Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for MAX Co'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 Co Cyclically Adjusted FCF per Share Chart

MAX Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.56 0.51 0.44 0.33

MAX Co 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 0.44 0.37 0.39 0.33 0.33

Competitive Comparison of MAX Co's Cyclically Adjusted FCF per Share

For the Tools & Accessories subindustry, MAX Co'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 Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



MAX Co 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 Co'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)
=0.407/107.2000*107.2000
=0.407

Current CPI (Mar. 2024) = 107.2000.

MAX Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.291 98.000 0.318
201409 0.235 98.500 0.256
201412 0.142 97.900 0.155
201503 0.289 97.900 0.316
201506 0.043 98.400 0.047
201509 0.137 98.500 0.149
201512 0.059 98.100 0.064
201603 0.361 97.900 0.395
201606 0.269 98.100 0.294
201609 0.376 98.000 0.411
201612 0.108 98.400 0.118
201703 0.454 98.100 0.496
201706 -0.068 98.500 -0.074
201709 0.368 98.800 0.399
201712 0.099 99.400 0.107
201803 0.386 99.200 0.417
201806 0.133 99.200 0.144
201809 0.400 99.900 0.429
201812 -0.027 99.700 -0.029
201903 0.331 99.700 0.356
201906 0.119 99.800 0.128
201909 0.357 100.100 0.382
201912 0.156 100.500 0.166
202003 0.384 100.300 0.410
202006 0.158 99.900 0.170
202009 0.192 99.900 0.206
202012 0.015 99.300 0.016
202103 0.319 99.900 0.342
202106 -0.189 99.500 -0.204
202109 0.195 100.100 0.209
202112 0.007 100.100 0.007
202203 0.211 101.100 0.224
202206 0.096 101.800 0.101
202209 0.086 103.100 0.089
202212 0.160 104.100 0.165
202303 0.385 104.400 0.395
202306 0.119 105.200 0.121
202309 0.693 106.200 0.700
202312 0.106 106.800 0.106
202403 0.407 107.200 0.407

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


MAX Co  (OTCPK:MXCLF) 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 Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.3727/0.33
=31.43

* 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 Co was 35.62. The lowest was 14.06. And the median was 19.70.


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 Co Cyclically Adjusted FCF per Share Related Terms

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


MAX Co (MAX Co) Business Description

Industry
Traded in Other Exchanges
Address
6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502
MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.

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