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Primax Electronics (TPE:4915) Cyclically Adjusted FCF per Share : NT$6.49 (As of Mar. 2025)


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What is Primax 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.

Primax Electronics's adjusted free cash flow per share for the three months ended in Mar. 2025 was NT$-0.619. 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$6.49 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Primax Electronics's average Cyclically Adjusted FCF Growth Rate was 15.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 17.40% 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 Primax Electronics was 17.40% per year. The lowest was 12.00% per year. And the median was 14.70% per year.

As of today (2025-05-27), Primax Electronics's current stock price is NT$77.40. Primax Electronics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was NT$6.49. Primax Electronics's Cyclically Adjusted Price-to-FCF of today is 11.93.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Primax Electronics was 20.74. The lowest was 10.80. And the median was 14.16.


Primax Electronics Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Primax 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.

Primax Electronics Cyclically Adjusted FCF per Share Chart

Primax Electronics Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.95 3.67 4.69 5.55 5.94

Primax Electronics Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.64 5.75 6.07 5.94 6.49

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

For the Computer Hardware subindustry, Primax 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.


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

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

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


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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.619/134.9266*134.9266
=-0.619

Current CPI (Mar. 2025) = 134.9266.

Primax Electronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.123 100.684 -0.165
201509 5.197 100.392 6.985
201512 5.746 99.792 7.769
201603 -7.149 100.470 -9.601
201606 1.982 101.688 2.630
201609 2.844 101.861 3.767
201612 4.934 101.863 6.536
201703 -2.251 102.862 -2.953
201706 1.676 103.349 2.188
201709 -0.151 104.136 -0.196
201712 5.616 104.011 7.285
201803 -3.750 105.290 -4.806
201806 -2.355 106.317 -2.989
201809 0.582 106.507 0.737
201812 5.075 105.998 6.460
201903 -6.441 107.251 -8.103
201906 -0.550 108.070 -0.687
201909 -1.759 108.329 -2.191
201912 15.558 108.420 19.362
202003 2.437 108.902 3.019
202006 -7.757 108.767 -9.623
202009 4.477 109.815 5.501
202012 4.598 109.897 5.645
202103 -4.239 111.754 -5.118
202106 -4.253 114.631 -5.006
202109 -2.170 115.734 -2.530
202112 7.427 117.630 8.519
202203 -5.044 121.301 -5.611
202206 0.825 125.017 0.890
202209 9.005 125.227 9.703
202212 4.452 125.222 4.797
202303 0.010 127.348 0.011
202306 5.038 128.729 5.281
202309 2.506 129.860 2.604
202312 5.839 129.419 6.087
202403 0.483 131.776 0.495
202406 0.863 132.554 0.878
202409 5.290 133.029 5.365
202412 2.520 133.157 2.553
202503 -0.619 134.927 -0.619

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


Primax Electronics  (TPE:4915) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=77.40/6.49
=11.93

* 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 Primax Electronics was 20.74. The lowest was 10.80. And the median was 14.16.


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.


Primax Electronics Cyclically Adjusted FCF per Share Related Terms

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


Primax Electronics Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 669, Ruey Kuang Road, Neihu District, Taipei, TWN, 11492
Primax Electronics Ltd is a manufacturer of components for mobile devices, personal computer peripherals, business equipment, and the digital home, that operates in two business segments; The division for computer peripherals specializes in the manufacture and sale of computer mice, keyboards, trackpads, etc. The division for non-computer peripherals specializes in the manufacture and sale of digital camera modules, mobile phone accessories, multi-function printers, scanners, shredders, amplifiers, speakers and audio systems, etc. The company derives the majority of its revenue from the non-computer peripherals segment.

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