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Maxxam (Maxxam) Cyclically Adjusted Price-to-FCF : (As of May. 25, 2024)


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What is Maxxam Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Maxxam Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Maxxam'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.

* Premium members only.

Maxxam Cyclically Adjusted Price-to-FCF Chart

Maxxam Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Cyclically Adjusted Price-to-FCF
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Maxxam Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09
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Competitive Comparison of Maxxam's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Maxxam'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.


Maxxam's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Maxxam's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Maxxam 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.

Maxxam's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2009 is calculated as:

For example, Maxxam's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2009 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2009 (Change)*Current CPI (Sep. 2009)
=-311.111/91.1196*91.1196
=-311.111

Current CPI (Sep. 2009) = 91.1196.

Maxxam Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
199912 1,000.000 71.008 1,283.237
200003 -1,846.875 72.231 -2,329.835
200006 -666.667 72.737 -835.147
200009 -3,996.296 73.286 -4,968.772
200012 -1,562.500 73.413 -1,939.375
200103 1,430.000 74.341 1,752.755
200106 -4,280.769 75.100 -5,193.894
200109 -1,272.414 75.227 -1,541.233
200112 -1,077.778 74.552 -1,317.298
200203 -2,165.385 75.438 -2,615.526
200206 561.538 75.902 674.123
200209 -580.769 76.366 -692.973
200212 -3,384.615 76.324 -4,040.752
200303 -969.231 77.716 -1,136.395
200306 657.692 77.505 773.223
200309 -811.538 78.138 -946.366
200312 772.000 77.758 904.656
200403 -1,633.333 79.066 -1,882.332
200406 1,091.667 80.037 1,242.836
200409 -1,204.167 80.121 -1,369.472
200412 1,504.167 80.290 1,707.059
200503 -425.000 81.555 -474.841
200506 937.500 82.062 1,040.982
200509 -489.286 83.876 -531.542
200512 1,400.000 83.032 1,536.365
200603 -491.667 84.298 -531.455
200606 -143.478 85.606 -152.719
200609 -1,916.667 85.606 -2,040.120
200612 -1,204.167 85.142 -1,288.715
200703 -123.810 86.640 -130.211
200706 -238.095 87.906 -246.799
200709 -276.190 87.964 -286.097
200712 -723.810 88.616 -744.256
200803 -709.091 90.090 -717.197
200806 -200.000 92.320 -197.399
200809 -394.444 92.307 -389.370
200812 -350.000 88.697 -359.558
200903 -577.778 89.744 -586.633
200906 -944.444 91.003 -945.652
200909 -311.111 91.120 -311.111

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.


Maxxam  (OTCPK:MAXX) 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.


Maxxam Cyclically Adjusted Price-to-FCF Related Terms

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


Maxxam (Maxxam) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Maxxam Inc through its subsidiaries, is engaged in the residential and commercial real estate investment and development, and racing operations.
Executives
Charles E Hurwitz director, 10 percent owner, officer: Chairman of the Board & CEO 1330 POST OAK BOULEVARD, SUITE 2000, HOUSTON TX 77056
Robert J Cruikshank director 2001 KIRBY, SUITE 313, HOUSTON TX 77019
Ezra G Levin director 1330 POST OAK BLVD., SUITE 2000, HOUSTON TX 77056
Luxor Capital Group, Lp 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd 10 percent owner C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Elizabeth D Brumley officer: Controller 9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Lcg Holdings Llc 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036

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