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Memex (TSXV:OEE) Cyclically Adjusted Price-to-FCF : (As of Jun. 13, 2024)


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What is Memex Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Memex Cyclically Adjusted Price-to-FCF Historical Data

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

Memex Annual Data
Trend Aug13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Cyclically Adjusted Price-to-FCF
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Memex Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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Competitive Comparison of Memex's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, Memex'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.


Memex's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



Memex 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.

Memex's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Memex's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=-0/124.2033*124.2033
=0.000

Current CPI (Jun. 2023) = 124.2033.

Memex Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201308 -0.001 97.261 -0.001
201312 -0.013 96.945 -0.017
201403 -0.003 98.604 -0.004
201406 -0.008 99.473 -0.010
201409 -0.008 99.394 -0.010
201412 -0.009 98.367 -0.011
201503 -0.008 99.789 -0.010
201506 -0.006 100.500 -0.007
201509 -0.007 100.421 -0.009
201512 -0.005 99.947 -0.006
201603 -0.011 101.054 -0.014
201606 -0.007 102.002 -0.009
201609 -0.006 101.765 -0.007
201612 -0.004 101.449 -0.005
201703 -0.009 102.634 -0.011
201706 -0.006 103.029 -0.007
201709 -0.006 103.345 -0.007
201712 -0.007 103.345 -0.008
201803 -0.005 105.004 -0.006
201806 -0.002 105.557 -0.002
201809 -0.003 105.636 -0.004
201812 -0.004 105.399 -0.005
201903 -0.001 106.979 -0.001
201906 -0.001 107.690 -0.001
201909 -0.002 107.611 -0.002
201912 -0.001 107.769 -0.001
202003 0.001 107.927 0.001
202006 0.000 108.401 0.000
202009 0.000 108.164 0.000
202012 0.000 108.559 0.000
202103 0.002 110.298 0.002
202106 0.001 111.720 0.001
202109 0.000 112.905 0.000
202112 0.000 113.774 0.000
202203 0.000 117.646 0.000
202206 -0.001 120.806 -0.001
202209 0.000 120.648 0.000
202212 0.000 120.964 0.000
202303 0.000 122.702 0.000
202306 0.000 124.203 0.000

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.


Memex  (TSXV:OEE) 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.


Memex Cyclically Adjusted Price-to-FCF Related Terms

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Memex (TSXV:OEE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Memex Inc (TSXV:OEE) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
880 Laurentian Drive, Unit 2, Burlington, ON, CAN, L7N 3V6
Memex Inc is a technology-based company. It develops, commercializes, and manufactures a suite of products for its customers in the discrete manufacturing and aerospace sectors worldwide. It's flagship product MERLIN is a software-driven IIoT communications platform that provides manufacturing analytics in real-time. MERLIN connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines. The company derives a majority of its revenue from Software licensing. Geographically, it generates maximum revenue from the United States and also has a presence in Mexico and Other Countries.
Executives
Edward Allen Crymble Senior Officer

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