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BYD Co (BYD Co) Cyclically Adjusted FCF per Share : $0.34 (As of Mar. 2024)


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What is BYD Co Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

BYD Co's adjusted free cash flow per share for the three months ended in Mar. 2024 was $-0.757. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BYD Co's average Cyclically Adjusted FCF Growth Rate was 245.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of BYD Co was 76.10% per year. The lowest was 76.10% per year. And the median was 76.10% per year.

As of today (2024-05-26), BYD Co's current stock price is $26.81. BYD Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.34. BYD Co's Cyclically Adjusted Price-to-FCF of today is 78.85.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of BYD Co was 4831.29. The lowest was 52.35. And the median was 177.24.


BYD Co Cyclically Adjusted FCF per Share Historical Data

The historical data trend for BYD Co's Cyclically Adjusted FCF per Share 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.

BYD Co Cyclically Adjusted FCF per Share Chart

BYD Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.46 -0.16 -0.01 0.13 0.45

BYD Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.24 0.18 0.45 0.34

Competitive Comparison of BYD Co's Cyclically Adjusted FCF per Share

For the Auto Manufacturers subindustry, BYD Co'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.


BYD Co's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BYD Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



BYD Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, BYD Co'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)
=-0.757/115.2271*115.2271
=-0.757

Current CPI (Mar. 2024) = 115.2271.

BYD Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.116 98.200 -0.136
201409 -0.228 98.900 -0.266
201412 -0.078 99.000 -0.091
201503 0.096 99.900 0.111
201506 -0.248 99.500 -0.287
201509 -0.482 100.500 -0.553
201512 0.095 100.600 0.109
201603 -0.230 102.200 -0.259
201606 -0.213 101.400 -0.242
201609 -0.248 102.400 -0.279
201612 -0.155 102.600 -0.174
201703 -0.274 103.200 -0.306
201706 -0.232 103.100 -0.259
201709 0.031 104.100 0.034
201712 0.072 104.500 0.079
201803 -0.130 105.300 -0.142
201806 -0.232 104.900 -0.255
201809 0.193 106.600 0.209
201812 0.031 106.500 0.034
201903 -0.221 107.700 -0.236
201906 -0.458 107.700 -0.490
201909 0.051 109.800 0.054
201912 0.222 111.200 0.230
202003 0.026 112.300 0.027
202006 0.382 110.400 0.399
202009 0.543 111.700 0.560
202012 0.760 111.500 0.785
202103 -0.210 112.662 -0.215
202106 0.188 111.769 0.194
202109 0.635 112.215 0.652
202112 0.929 113.108 0.946
202203 -0.083 114.335 -0.084
202206 0.440 114.558 0.443
202209 0.958 115.339 0.957
202212 0.818 115.116 0.819
202303 -0.893 115.116 -0.894
202306 1.632 114.558 1.642
202309 -0.901 115.339 -0.900
202312 2.431 114.781 2.440
202403 -0.757 115.227 -0.757

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


BYD Co  (OTCPK:BYDDF) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

BYD Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=26.81/0.34
=78.85

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of BYD Co was 4831.29. The lowest was 52.35. And the median was 177.24.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


BYD Co Cyclically Adjusted FCF per Share Related Terms

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


BYD Co (BYD Co) Business Description

Industry
Address
No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, CHN, 518118
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold more than 1.8 million passenger NEVs in 2022, accounting for about 28% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

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