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Coremax (TPE:4739) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Coremax Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Coremax Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Coremax'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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Coremax Cyclically Adjusted Price-to-FCF Chart

Coremax Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Coremax Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Coremax's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Coremax'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.


Coremax's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Coremax's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Coremax 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.

Coremax's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Coremax'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)
=2.515/131.7762*131.7762
=2.515

Current CPI (Mar. 2024) = 131.7762.

Coremax Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.078 100.560 0.102
201409 -4.356 100.428 -5.716
201412 -0.295 99.070 -0.392
201503 -2.907 99.621 -3.845
201506 -0.702 100.684 -0.919
201509 -0.549 100.392 -0.721
201512 2.474 99.792 3.267
201603 -0.060 100.470 -0.079
201606 -0.940 101.688 -1.218
201609 0.391 101.861 0.506
201612 1.013 101.863 1.310
201703 -1.567 102.862 -2.007
201706 1.005 103.349 1.281
201709 -0.129 104.136 -0.163
201712 -1.580 104.011 -2.002
201803 -0.663 105.290 -0.830
201806 -2.732 106.317 -3.386
201809 -5.637 106.507 -6.974
201812 -1.739 105.998 -2.162
201903 0.343 107.251 0.421
201906 3.085 108.070 3.762
201909 -0.403 108.329 -0.490
201912 6.393 108.420 7.770
202003 -1.449 108.902 -1.753
202006 0.595 108.767 0.721
202009 2.477 109.815 2.972
202012 -3.364 109.897 -4.034
202103 -2.367 111.754 -2.791
202106 -0.100 114.631 -0.115
202109 -6.228 115.734 -7.091
202112 -1.957 117.630 -2.192
202203 0.527 121.301 0.573
202206 1.435 125.017 1.513
202209 11.653 125.227 12.262
202212 -4.329 125.222 -4.556
202303 -1.931 127.348 -1.998
202306 -1.439 128.729 -1.473
202309 5.174 129.860 5.250
202312 2.049 129.419 2.086
202403 2.515 131.776 2.515

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.


Coremax  (TPE:4739) 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.


Coremax Cyclically Adjusted Price-to-FCF Related Terms

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Coremax (TPE:4739) Business Description

Industry
Traded in Other Exchanges
N/A
Address
11 Wenhua Road, Hsinchu Industrial Park, Hsinchu County, TWN, 303035
Coremax Corp is engaged in the manufacturing, sales, import, and export of oxidation catalysts, battery materials, chemical fertilizers, and specialty chemicals. The company's segments include Oxidation catalysts; Battery material; Chemical fertilizer; and Specialty chemicals. The company derives key revenue from the Battery material division which manufactures rechargeable lithium-ion batteries and precursor materials for battery applications such as portable devices and batteries in EVs and HEVs.

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