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Commax Co (XKRX:036690) Cyclically Adjusted FCF per Share : ₩112.59 (As of Mar. 2024)


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What is Commax 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.

Commax Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was ₩-360.561. 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 ₩112.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Commax Co's average Cyclically Adjusted FCF Growth Rate was -34.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -26.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -18.10% 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 Commax Co was 2.90% per year. The lowest was -26.20% per year. And the median was -8.50% per year.

As of today (2024-06-10), Commax Co's current stock price is ₩2885.00. Commax Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₩112.59. Commax Co's Cyclically Adjusted Price-to-FCF of today is 25.62.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Commax Co was 27.90. The lowest was 4.91. And the median was 14.32.


Commax Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Commax 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.

Commax Co Cyclically Adjusted FCF per Share Chart

Commax Co 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 412.24 398.99 322.26 214.82 160.13

Commax 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 170.62 161.20 176.45 160.13 112.59

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

For the Communication Equipment subindustry, Commax 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.


Commax Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Commax 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, Commax 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)
=-360.561/118.8477*118.8477
=-360.561

Current CPI (Mar. 2024) = 118.8477.

Commax Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 293.641 99.353 351.258
201409 -22.807 99.608 -27.212
201412 209.583 99.098 251.352
201503 99.553 99.720 118.649
201506 64.749 100.050 76.914
201509 82.030 100.110 97.384
201512 63.090 100.220 74.816
201603 106.091 100.560 125.385
201606 56.221 100.790 66.294
201609 157.178 101.460 184.114
201612 261.997 101.560 306.595
201703 -20.279 102.850 -23.433
201706 -20.953 102.610 -24.269
201709 195.645 103.490 224.678
201712 21.894 102.990 25.265
201803 79.682 104.100 90.970
201806 -175.380 104.130 -200.168
201809 110.733 105.650 124.566
201812 -84.912 104.350 -96.709
201903 -46.645 104.490 -53.054
201906 149.507 104.880 169.418
201909 -699.160 105.200 -789.863
201912 739.911 105.120 836.537
202003 -129.541 105.540 -145.875
202006 -64.265 104.870 -72.831
202009 61.924 106.200 69.299
202012 317.926 105.765 357.251
202103 -269.765 107.357 -298.638
202106 -73.041 107.579 -80.692
202109 -356.952 108.759 -390.063
202112 634.135 109.676 687.162
202203 -312.003 111.806 -331.654
202206 -17.874 114.083 -18.621
202209 -394.842 114.831 -408.652
202212 331.041 115.200 341.523
202303 -331.900 116.550 -338.444
202306 88.789 117.140 90.083
202309 135.542 119.111 135.242
202312 -18.109 118.848 -18.109
202403 -360.561 118.848 -360.561

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


Commax Co  (XKRX:036690) 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.

Commax Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2885.00/112.59
=25.62

* 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 Commax Co was 27.90. The lowest was 4.91. And the median was 14.32.


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.


Commax Co Cyclically Adjusted FCF per Share Related Terms

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


Commax Co (XKRX:036690) Business Description

Industry
Traded in Other Exchanges
N/A
Address
513-11 Sangdaewon-Dong, Jungwon-Gu, Seongnam-si, Gyeonggi, KOR, 462-120
Commax Co Ltd operates in the communication equipment industry in South Korea. The products manufactured by the company include nurse call, smart door lock, CCTV system, modum system, smart home solution.

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