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Tesla (TSLA) Cyclically Adjusted FCF per Share : $0.31 (As of Mar. 2025)


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What is Tesla 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.

Tesla's adjusted free cash flow per share for the three months ended in Mar. 2025 was $0.189. 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 $0.31 for the trailing ten years ended in Mar. 2025.

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 Tesla was 51.30% per year. The lowest was 18.30% per year. And the median was 34.80% per year.

As of today (2025-05-14), Tesla's current stock price is $347.68. Tesla's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $0.31. Tesla's Cyclically Adjusted Price-to-FCF of today is 1,121.55.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tesla was 26053.00. The lowest was 772.35. And the median was 2713.43.


Tesla Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Tesla'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.

Tesla Cyclically Adjusted FCF per Share Chart

Tesla Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.40 -0.30 -0.06 0.07 0.24

Tesla Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - 0.05 0.15 0.24 0.31

Competitive Comparison of Tesla's Cyclically Adjusted FCF per Share

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.


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Tesla 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, Tesla's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.189/134.9266*134.9266
=0.189

Current CPI (Mar. 2025) = 134.9266.

Tesla Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.297 100.684 -0.398
201509 -0.308 100.392 -0.414
201512 -0.224 99.792 -0.303
201603 -0.234 100.470 -0.314
201606 -0.069 101.688 -0.092
201609 0.075 101.861 0.099
201612 -0.485 101.863 -0.642
201703 -0.346 102.862 -0.454
201706 -0.548 103.349 -0.715
201709 -0.616 104.136 -0.798
201712 -0.156 104.011 -0.202
201803 -0.444 105.290 -0.569
201806 -0.316 106.317 -0.401
201809 0.312 106.507 0.395
201812 0.341 105.998 0.434
201903 -0.364 107.251 -0.458
201906 0.223 108.070 0.278
201909 0.125 108.329 0.156
201912 0.361 108.420 0.449
202003 -0.309 108.902 -0.383
202006 0.128 108.767 0.159
202009 0.414 109.815 0.509
202012 0.534 109.897 0.656
202103 -0.359 111.754 -0.433
202106 0.181 114.631 0.213
202109 0.392 115.734 0.457
202112 0.822 117.630 0.943
202203 0.638 121.301 0.710
202206 0.179 125.017 0.193
202209 0.951 125.227 1.025
202212 0.408 125.222 0.440
202303 0.127 127.348 0.135
202306 0.289 128.729 0.303
202309 0.243 129.860 0.252
202312 0.590 129.419 0.615
202403 -0.728 131.776 -0.745
202406 0.385 132.554 0.392
202409 0.784 133.029 0.795
202412 0.577 133.157 0.585
202503 0.189 134.927 0.189

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


Tesla  (NAS:TSLA) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=347.68/0.31
=1,121.55

* 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 Tesla was 26053.00. The lowest was 772.35. And the median was 2713.43.


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.


Tesla Cyclically Adjusted FCF per Share Related Terms

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


Tesla Business Description

Industry
Address
1 Tesla Road, Austin, TX, USA, 78725
Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling more affordable vehicles, a sports car, and offer a robotaxi service. Global deliveries in 2024 were a little below 1.8 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.
Executives
Vaibhav Taneja officer: Chief Accounting Officer 3500 DEER CREEK ROAD, PALO ALTO CA 94304
James R Murdoch director C/O LUPA SYSTEMS, 363 LAFAYETTE STREET, NEW YORK NY 10022
Robyn M Denholm director 4150 NETWORK CIRCLE, SANTA CLARA CA 95054
Kimbal Musk director C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Kathleen Wilson-thompson director PO BOX 3599, BATTLE CREEK MI 49016-3599
Xiaotong Zhu officer: SVP, Automotive 1 TESLA ROAD, AUSTIN TX 78725
Andrew D Baglino officer: SVP Powertrain and Energy Eng. 3500 DEER CREEK ROAD, FREMONT CA 94538
Zachary Kirkhorn officer: Chief Financial Officer 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Elon Musk director, 10 percent owner, officer: CEO C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Joseph Gebbia director C/O AIRBNB, INC., 888 BRANNAN STREET, SAN FRANCISCO CA 94103
Ira Matthew Ehrenpreis director 100 SHORELINE HWY, SUITE 282, BLDG. B, MILL VALLEY CA 94941
Jerome M Guillen officer: VP Service and Sales Ops 3500 DEER CREEK RD., PALO ALTO CA 94304
Antonio J. Gracias director C/O VALOR EQUITY PARTNERS, 200 SOUTH MICHIGAN AVENUE, SUITE 1020, CHICAGO IL 60604
Hiromichi Mizuno director 1-2-33-A504, KOMAZAWA, SETAGAYA, TOKYO M0 154-0012
Lawrence Joseph Ellison director C/O DELPHI ASSET MGMT CORPORATION, 5525 KIETZKE LANE, SUITE 200, RENO NV 89511