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Tesla (CHIX:TL0D) Cyclically Adjusted Price-to-FCF : (As of May. 26, 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)
=-0.669/131.7762*131.7762
=-0.669

Current CPI (Mar. 2024) = 131.7762.

Tesla Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.070 100.560 -0.092
201409 -0.129 100.428 -0.169
201412 -0.196 99.070 -0.261
201503 -0.273 99.621 -0.361
201506 -0.265 100.684 -0.347
201509 -0.274 100.392 -0.360
201512 -0.206 99.792 -0.272
201603 -0.210 100.470 -0.275
201606 -0.061 101.688 -0.079
201609 0.067 101.861 0.087
201612 -0.460 101.863 -0.595
201703 -0.324 102.862 -0.415
201706 -0.488 103.349 -0.622
201709 -0.517 104.136 -0.654
201712 -0.132 104.011 -0.167
201803 -0.360 105.290 -0.451
201806 -0.271 106.317 -0.336
201809 0.267 106.507 0.330
201812 0.299 105.998 0.372
201903 -0.322 107.251 -0.396
201906 0.197 108.070 0.240
201909 0.114 108.329 0.139
201912 0.325 108.420 0.395
202003 -0.280 108.902 -0.339
202006 0.114 108.767 0.138
202009 0.352 109.815 0.422
202012 0.439 109.897 0.526
202103 -0.301 111.754 -0.355
202106 0.151 114.631 0.174
202109 0.334 115.734 0.380
202112 0.727 117.630 0.814
202203 0.579 121.301 0.629
202206 0.170 125.017 0.179
202209 0.960 125.227 1.010
202212 0.385 125.222 0.405
202303 0.119 127.348 0.123
202306 0.267 128.729 0.273
202309 0.228 129.860 0.231
202312 0.541 129.419 0.551
202403 -0.669 131.776 -0.669

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  (CHIX:TL0d) 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 (CHIX:TL0D) 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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