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GoMAX Electronics (ROCO:6512) Cyclically Adjusted FCF per Share : NT$0.72 (As of Mar. 2024)


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What is GoMAX Electronics 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.

GoMAX Electronics's adjusted free cash flow per share for the three months ended in Mar. 2024 was NT$-1.020. 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 NT$0.72 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-05-27), GoMAX Electronics's current stock price is NT$22.35. GoMAX Electronics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$0.72. GoMAX Electronics's Cyclically Adjusted Price-to-FCF of today is 31.04.

During the past 11 years, the highest Cyclically Adjusted Price-to-FCF of GoMAX Electronics was 31.09. The lowest was 24.58. And the median was 25.83.


GoMAX Electronics Cyclically Adjusted FCF per Share Historical Data

The historical data trend for GoMAX Electronics'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.

GoMAX Electronics Cyclically Adjusted FCF per Share Chart

GoMAX Electronics 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 - - - - 0.84

GoMAX Electronics 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 - - - 0.84 0.72

Competitive Comparison of GoMAX Electronics's Cyclically Adjusted FCF per Share

For the Electronic Components subindustry, GoMAX Electronics'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.


GoMAX Electronics's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, GoMAX Electronics's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



GoMAX Electronics 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, GoMAX Electronics'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)
=-1.02/131.7762*131.7762
=-1.020

Current CPI (Mar. 2024) = 131.7762.

GoMAX Electronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 0.455 99.621 0.602
201506 -0.178 100.684 -0.233
201509 1.290 100.392 1.693
201512 2.478 99.792 3.272
201603 1.257 100.470 1.649
201606 0.890 101.688 1.153
201609 -1.139 101.861 -1.474
201612 1.934 101.863 2.502
201703 -0.095 102.862 -0.122
201706 0.411 103.349 0.524
201709 0.146 104.136 0.185
201712 -0.053 104.011 -0.067
201803 -0.356 105.290 -0.446
201806 -0.143 106.317 -0.177
201809 -0.007 106.507 -0.009
201812 0.973 105.998 1.210
201903 0.149 107.251 0.183
201906 -0.110 108.070 -0.134
201909 0.053 108.329 0.064
201912 -0.278 108.420 -0.338
202003 0.202 108.902 0.244
202006 -0.203 108.767 -0.246
202009 -0.221 109.815 -0.265
202012 0.101 109.897 0.121
202103 0.284 111.754 0.335
202106 -0.157 114.631 -0.180
202109 -0.119 115.734 -0.135
202112 -2.546 117.630 -2.852
202203 -0.542 121.301 -0.589
202206 -0.741 125.017 -0.781
202209 0.157 125.227 0.165
202212 1.403 125.222 1.476
202303 -0.254 127.348 -0.263
202306 -0.366 128.729 -0.375
202309 0.608 129.860 0.617
202312 0.353 129.419 0.359
202403 -1.020 131.776 -1.020

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


GoMAX Electronics  (ROCO:6512) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.35/0.72
=31.04

* 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 11 years, the highest Cyclically Adjusted Price-to-FCF of GoMAX Electronics was 31.09. The lowest was 24.58. And the median was 25.83.


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.


GoMAX Electronics Cyclically Adjusted FCF per Share Related Terms

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


GoMAX Electronics (ROCO:6512) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Fusing 1st Street, 14F-1, Number 251, Hsinchu County, Zhubei, TWN, 302
GoMAX Electronics Inc is a Taiwan based company engaged in the manufacturing and sale of audio and video systems. Its product portfolio includes HDMI Series, DVI Series, DisplayPort, Analog Series, Wall Plate Series, and Video Processor.

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