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Tesla (BSP:TSLA34) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is Tesla Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tesla Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tesla'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.

Tesla Cyclically Adjusted Price-to-FCF Chart

Tesla Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 3,694.05

Tesla Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 - - 21,828.95 3,694.05 107,320.10

Competitive Comparison of Tesla's Cyclically Adjusted Price-to-FCF

For the Auto Manufacturers subindustry, Tesla'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.


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

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

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



Tesla 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.

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

For example, Tesla'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)
=-0.113/131.7762*131.7762
=-0.113

Current CPI (Mar. 2024) = 131.7762.

Tesla Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.007 100.560 -0.009
201409 -0.012 100.428 -0.016
201412 -0.020 99.070 -0.027
201503 -0.029 99.621 -0.038
201506 -0.029 100.684 -0.038
201509 -0.038 100.392 -0.050
201512 -0.027 99.792 -0.036
201603 -0.027 100.470 -0.035
201606 -0.007 101.688 -0.009
201609 0.008 101.861 0.010
201612 -0.051 101.863 -0.066
201703 -0.034 102.862 -0.044
201706 -0.056 103.349 -0.071
201709 -0.060 104.136 -0.076
201712 -0.016 104.011 -0.020
201803 -0.046 105.290 -0.058
201806 -0.037 106.317 -0.046
201809 0.040 106.507 0.049
201812 0.041 105.998 0.051
201903 -0.044 107.251 -0.054
201906 0.027 108.070 0.033
201909 0.016 108.329 0.019
201912 0.046 108.420 0.056
202003 -0.047 108.902 -0.057
202006 0.021 108.767 0.025
202009 0.070 109.815 0.084
202012 0.086 109.897 0.103
202103 -0.063 111.754 -0.074
202106 0.029 114.631 0.033
202109 0.065 115.734 0.074
202112 0.145 117.630 0.162
202203 0.099 121.301 0.108
202206 0.028 125.017 0.030
202209 0.156 125.227 0.164
202212 0.067 125.222 0.071
202303 0.021 127.348 0.022
202306 0.044 128.729 0.045
202309 0.038 129.860 0.039
202312 0.090 129.419 0.092
202403 -0.113 131.776 -0.113

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.


Tesla  (BSP:TSLA34) 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.


Tesla Cyclically Adjusted Price-to-FCF Related Terms

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Tesla (BSP:TSLA34) Business Description

Industry
Address
1 Tesla Road, Austin, TX, USA, 78725
Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2022 were a little over 1.3 million vehicles.

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