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IM Cannabis (XCNQ:IMCC) Cyclically Adjusted FCF per Share : C$-2.94 (As of Dec. 2023)


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What is IM Cannabis 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.

IM Cannabis's adjusted free cash flow per share for the three months ended in Dec. 2023 was C$-0.022. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is C$-2.94 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 42.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 43.30% 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 IM Cannabis was 45.90% per year. The lowest was -19.40% per year. And the median was 4.20% per year.

As of today (2024-05-04), IM Cannabis's current stock price is C$1.19. IM Cannabis's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$-2.94. IM Cannabis's Cyclically Adjusted Price-to-FCF of today is .


IM Cannabis Cyclically Adjusted FCF per Share Historical Data

The historical data trend for IM Cannabis'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.

IM Cannabis Cyclically Adjusted FCF per Share Chart

IM Cannabis Annual Data
Trend Apr13 Apr14 Apr16 Apr17 Apr18 Apr19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -39.87 -15.09 -12.36 -6.33 -2.94

IM Cannabis Quarterly Data
Jan19 Apr19 Jul19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -6.33 -5.58 -5.13 -4.52 -2.94

Competitive Comparison of IM Cannabis's Cyclically Adjusted FCF per Share

For the Drug Manufacturers - Specialty & Generic subindustry, IM Cannabis'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.


IM Cannabis's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, IM Cannabis's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



IM Cannabis 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, IM Cannabis's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.022/129.4194*129.4194
=-0.022

Current CPI (Dec. 2023) = 129.4194.

IM Cannabis Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201210 -5.289 97.595 -7.014
201301 -0.512 97.158 -0.682
201304 2.955 98.107 3.898
201307 -0.068 98.557 -0.089
201310 -1.538 98.536 -2.020
201401 -0.058 98.692 -0.076
201404 0.038 100.023 0.049
201407 -0.077 100.520 -0.099
201410 -0.865 100.176 -1.118
201501 -0.212 98.604 -0.278
201604 0.000 100.947 0.000
201607 0.000 101.524 0.000
201610 0.000 101.988 0.000
201701 0.000 102.456 0.000
201704 0.000 103.167 0.000
201707 0.000 103.278 0.000
201710 -0.212 104.070 -0.264
201801 -0.442 104.578 -0.547
201804 -0.608 105.708 -0.744
201807 -0.297 106.324 -0.362
201901 0.000 106.200 0.000
201904 0.420 107.818 0.504
201907 0.016 108.250 0.019
201912 0.000 108.420 0.000
202003 -0.785 108.902 -0.933
202006 -1.005 108.767 -1.196
202009 -0.912 109.815 -1.075
202012 -0.345 109.897 -0.406
202103 -2.126 111.754 -2.462
202106 -3.172 114.631 -3.581
202109 -2.443 115.734 -2.732
202112 0.492 117.630 0.541
202203 -1.453 121.301 -1.550
202206 -0.270 125.017 -0.280
202209 0.067 125.227 0.069
202212 -0.356 125.222 -0.368
202303 -0.628 127.348 -0.638
202306 -0.512 128.729 -0.515
202309 0.423 129.860 0.422
202312 -0.022 129.419 -0.022

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


IM Cannabis  (XCNQ:IMCC) 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.


IM Cannabis Cyclically Adjusted FCF per Share Related Terms

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


IM Cannabis (XCNQ:IMCC) Business Description

Industry
Traded in Other Exchanges
Address
Central District, Kibbutz Glil Yam, ISR, 4690500
IM Cannabis Corp is a Canada-based international medical cannabis company. It offers government-licensed cannabis products, from generic to GMP-certified and pharmaceutical-grade, for both wholesale and retail clients. The majority of its revenues are generated from sales of medical cannabis products to customers in Israel and recreational cannabis in Canada. The remaining revenues are generated from sales of medical cannabis, as well as other products, to customers in Germany. Geographically, the majority is from Israel.