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Panamax AG (FRA:ICP) Cyclically Adjusted Price-to-FCF : (As of Sep. 22, 2024)


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What is Panamax AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Panamax AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Panamax AG's Cyclically Adjusted Price-to-FCF 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.

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Panamax AG Cyclically Adjusted Price-to-FCF Chart

Panamax AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Panamax AG Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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Competitive Comparison of Panamax AG's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Panamax AG'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.


Panamax AG's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Panamax AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Panamax AG Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Panamax AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Panamax AG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.002/123.7729*123.7729
=0.002

Current CPI (Dec23) = 123.7729.

Panamax AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.293 99.543 -0.364
201512 -0.324 99.717 -0.402
201612 -0.162 101.217 -0.198
201712 -0.370 102.617 -0.446
201812 -0.083 104.217 -0.099
201912 -0.144 105.818 -0.168
202012 -0.177 105.518 -0.208
202112 -0.051 110.384 -0.057
202212 -0.066 119.345 -0.068
202312 0.002 123.773 0.002

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


Panamax AG  (FRA:ICP) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Panamax AG Cyclically Adjusted Price-to-FCF Related Terms

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Panamax AG Business Description

Industry
Traded in Other Exchanges
Address
Strasse 10, Muenchener, Frankfurt am Main, Frankfurt, HE, DEU, 60329
Panamax Aktiengesellschaft is a Germany-based investment company. It focuses on investing in various sectors, such as environmental technology, financial services, IT, e-business, health products, as well as services and products for small children and babies. The corporate purpose of Panamax Aktiengesellschaft is the formation of corporations and partnerships as well as the acquisition, management, and sale of investments in corporations and partnerships, exclusively in its own name and with its own assets and the provision of management services, in particular accounting, controlling, non-regulatory financing services and marketing.

Panamax AG Headlines

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