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BYD Co (BYD Co) Cyclically Adjusted Price-to-FCF : 61.03 (As of Apr. 27, 2024)


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

As of today (2024-04-27), BYD Co's current share price is $54.32. BYD Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.89. BYD Co's Cyclically Adjusted Price-to-FCF for today is 61.03.

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

BYDDY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 52.35   Med: 192.9   Max: 4831.29
Current: 65.97

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 192.90.

BYDDY's Cyclically Adjusted Price-to-FCF is ranked worse than
79.63% of 481 companies
in the Vehicles & Parts industry
Industry Median: 21.61 vs BYDDY: 65.97

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 Dec. 2023 was $4.863. 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 $0.89 for the trailing ten years ended in Dec. 2023.

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 62.16

BYD Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 185.55 320.40 133.22 168.08 62.16

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
=54.32/0.89
=61.03

* 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 Dec. 2023 is calculated as:

For example, BYD Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.863/114.6694*114.6694
=4.863

Current CPI (Dec. 2023) = 114.6694.

BYD Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.301 98.600 -0.350
201406 -0.231 98.200 -0.270
201409 -0.456 98.900 -0.529
201412 -0.156 99.000 -0.181
201503 0.192 99.900 0.220
201506 -0.496 99.500 -0.572
201509 -0.964 100.500 -1.100
201512 0.190 100.600 0.217
201603 -0.460 102.200 -0.516
201606 -0.426 101.400 -0.482
201609 -0.496 102.400 -0.555
201612 -0.310 102.600 -0.346
201703 -0.548 103.200 -0.609
201706 -0.463 103.100 -0.515
201709 0.061 104.100 0.067
201712 0.144 104.500 0.158
201803 -0.260 105.300 -0.283
201806 -0.464 104.900 -0.507
201809 0.386 106.600 0.415
201812 0.063 106.500 0.068
201903 -0.442 107.700 -0.471
201906 -0.916 107.700 -0.975
201909 0.102 109.800 0.107
201912 0.443 111.200 0.457
202003 0.051 112.300 0.052
202006 0.763 110.400 0.793
202009 1.086 111.700 1.115
202012 1.520 111.500 1.563
202103 -0.421 112.662 -0.429
202106 0.377 111.769 0.387
202109 1.270 112.215 1.298
202112 1.857 113.108 1.883
202203 -0.166 114.335 -0.166
202206 0.880 114.558 0.881
202209 1.915 115.339 1.904
202212 1.636 115.116 1.630
202303 -1.785 115.116 -1.778
202306 3.264 114.558 3.267
202309 -1.803 115.339 -1.793
202312 4.863 114.669 4.863

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  (OTCPK:BYDDY) 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 (BYD Co) Business Description

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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