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BYD Co (HKSE:01211) Cyclically Adjusted Price-to-FCF : 83.21 (As of Jun. 07, 2024)


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What is BYD Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), BYD Co's current share price is HK$228.00. BYD Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was HK$2.74. BYD Co's Cyclically Adjusted Price-to-FCF for today is 83.21.

The historical rank and industry rank for BYD Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:01211' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 52.35   Med: 174.3   Max: 4831.29
Current: 84.52

During the past years, BYD Co's highest Cyclically Adjusted Price-to-FCF was 4831.29. The lowest was 52.35. And the median was 174.30.

HKSE:01211's Cyclically Adjusted Price-to-FCF is ranked worse than
83% of 494 companies
in the Vehicles & Parts industry
Industry Median: 21.27 vs HKSE:01211: 84.52

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 adjusted free cash flow per share data for the three months ended in Mar. 2024 was HK$-5.923. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is HK$2.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BYD Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BYD Co'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.

BYD Co Cyclically Adjusted Price-to-FCF Chart

BYD Co 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 - - - 185.55 62.13

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 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 320.40 133.22 168.08 62.13 73.51

Competitive Comparison of BYD Co's Cyclically Adjusted Price-to-FCF

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 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=228.00/2.74
=83.21

* 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.

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

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)
=-5.923/115.2271*115.2271
=-5.923

Current CPI (Mar. 2024) = 115.2271.

BYD Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.897 98.200 -1.053
201409 -1.767 98.900 -2.059
201412 -0.604 99.000 -0.703
201503 0.743 99.900 0.857
201506 -1.921 99.500 -2.225
201509 -3.737 100.500 -4.285
201512 0.737 100.600 0.844
201603 -1.783 102.200 -2.010
201606 -1.652 101.400 -1.877
201609 -1.925 102.400 -2.166
201612 -1.201 102.600 -1.349
201703 -2.128 103.200 -2.376
201706 -1.806 103.100 -2.018
201709 0.240 104.100 0.266
201712 0.562 104.500 0.620
201803 -1.019 105.300 -1.115
201806 -1.820 104.900 -1.999
201809 1.512 106.600 1.634
201812 0.245 106.500 0.265
201903 -1.736 107.700 -1.857
201906 -3.584 107.700 -3.834
201909 0.399 109.800 0.419
201912 1.730 111.200 1.793
202003 0.200 112.300 0.205
202006 2.958 110.400 3.087
202009 4.208 111.700 4.341
202012 5.892 111.500 6.089
202103 -1.634 112.662 -1.671
202106 1.461 111.769 1.506
202109 4.942 112.215 5.075
202112 7.243 113.108 7.379
202203 -0.650 114.335 -0.655
202206 3.453 114.558 3.473
202209 7.517 115.339 7.510
202212 6.368 115.116 6.374
202303 -7.007 115.116 -7.014
202306 12.784 114.558 12.859
202309 -7.056 115.339 -7.049
202312 18.989 114.781 19.063
202403 -5.923 115.227 -5.923

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.


BYD Co  (HKSE:01211) 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.


BYD Co Cyclically Adjusted Price-to-FCF Related Terms

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


BYD Co (HKSE:01211) 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.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
Berkshire Hathaway Energy Company (formerly Known As Midamerican Energy Holdings Company) 2201 Interest of corporation controlled by you
Berkshire Hathaway Inc. 2201 Interest of corporation controlled by you
Rong Jie Tou Zi Kong Gu Ji Tuan You Xian Gong Si 2101 Beneficial owner

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