Firsthand Alternative Energy Fund

ALTEXNASDAQFinancial Services● Active

$15.53

+$0.22(+1.44%)

Market Cap$10783302

P/E Ratio—

52W High$16.93

52W Low$9.2

Avg Volume0

Open$15.53

Beta2.15

Free Cash Flow Financials Revenue

Firsthand Alternative Energy Fund (ALTEX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ALTEX · free cash flow · updated Jun 14, 2026

Core FCF metrics

ALTEX · FCF · TTM · margin & CAGR

Free cash flow was $138.0M for FY2023 (fiscal year ending 2023-11-30), up 12.9% year-over-year The FCF margin was 198.4%. Five-year CAGR stands at -6.1%.

FY2023 Free Cash Flow$138.0M▲ +12.9% YoY

Trailing 12M (TTM)$131.3Mtrailing 4 quarters sum

FCF Margin198.4%$138.0M ÷ revenue

3-Year CAGR-42.8%FY2020 → FY2023

5-Year CAGR-6.1%FY2018 → FY2023

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 14, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ALTEX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2023Latest$138.0M(0M)$138.0M▲ +12.9%198.4%

FY2022$122.2M(0M)$122.2M▲ +277.6%214.4%

FY2021$32.4M(0M)$32.4M▼ 95.6%130.0%

FY2020$736.5M(0M)$736.5M▲ +138.3%—

FY2019$309.1M(0M)$309.1M▲ +63.2%633.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ALTEX · P/FCF · FCF yield · FCF per share

Firsthand Alternative Energy Fund (ALTEX) trades at a FCF yield of 1279.68% and a price-to-free-cash-flow ratio of N/A. FCF per share stands at N/A, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1279.68%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

x3.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2023 · 2023-11-30

Cash flow statement summary

ALTEX · cash flow statement · operating / investing / financing

For FY2023, Firsthand Alternative Energy Fund generated $138.0M in operating cash flow and spent 0M in capital expenditures, yielding $138.0M in free cash flow.

Operating Activities

+$138.0M

Cash from core business operations

2023-11-30

Investing Activities

+$0.0M

CapEx, acquisitions & investments

2023-11-30

Financing Activities

−$137.9M

Buybacks, dividends & debt

2023-11-30

FCF FormulaOperating CF ($138.0M) − |CapEx| (0M) = FCF ($138.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

ALTEX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Firsthand Alternative Energy FundYOU

ALTEX

$138.0M+12.9%198.4%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Firsthand Alternative Energy Fund (ALTEX) reported free cash flow of $138.0M for FY2023 (fiscal year ending 2023-11-30), up 12.9% year-over-year. The FCF margin was 198.4%.

Based on available data, Firsthand Alternative Energy Fund has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $893.3M in FY2015. The 5-year CAGR stands at -6.1%.

Firsthand Alternative Energy Fund's FCF yield is 1279.68% and price-to-FCF ratio is N/A for FY2023, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ALTEX free cash flow · 8 questions

Firsthand Alternative Energy Fund free cash flow was $138.0M for FY2023, up 12.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $131.3M.

ALTEX free cash flowALTEX FCFALTEX FCF 2023ALTEX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Firsthand Alternative Energy Fund · Firsthand Alternative Energy Fund SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 14, 2026