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Alibaba Group Holding (BSP:BABA34) Cyclically Adjusted Price-to-FCF : 9.92 (As of May. 01, 2024)


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What is Alibaba Group Holding Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Alibaba Group Holding's current share price is R$14.09. Alibaba Group Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was R$1.42. Alibaba Group Holding's Cyclically Adjusted Price-to-FCF for today is 9.92.

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

BSP:BABA34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.36   Med: 14.47   Max: 52.35
Current: 9.25

During the past years, Alibaba Group Holding's highest Cyclically Adjusted Price-to-FCF was 52.35. The lowest was 8.36. And the median was 14.47.

BSP:BABA34's Cyclically Adjusted Price-to-FCF is ranked better than
65.37% of 436 companies
in the Retail - Cyclical industry
Industry Median: 13.07 vs BSP:BABA34: 9.25

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.

Alibaba Group Holding's adjusted free cash flow per share data for the three months ended in Dec. 2023 was R$0.078. 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 R$1.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alibaba Group Holding Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alibaba Group Holding'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.

Alibaba Group Holding Cyclically Adjusted Price-to-FCF Chart

Alibaba Group Holding Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 34.04 15.65 13.68

Alibaba Group Holding 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 11.87 13.68 10.83 10.91 9.38

Competitive Comparison of Alibaba Group Holding's Cyclically Adjusted Price-to-FCF

For the Internet Retail subindustry, Alibaba Group Holding'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.


Alibaba Group Holding's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alibaba Group Holding's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Alibaba Group Holding 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.

Alibaba Group Holding's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.09/1.42
=9.92

* 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.

Alibaba Group Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Alibaba Group Holding'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)
=0.078/117.2957*117.2957
=0.078

Current CPI (Dec. 2023) = 117.2957.

Alibaba Group Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.001 95.749 0.001
201406 0.007 96.409 0.009
201409 0.004 97.948 0.005
201412 0.014 99.707 0.016
201503 0.005 99.927 0.006
201506 0.009 99.267 0.011
201509 0.016 99.927 0.019
201512 0.028 102.015 0.032
201603 0.005 102.785 0.006
201606 0.014 101.686 0.016
201609 0.015 102.565 0.017
201612 0.031 103.225 0.035
201703 0.010 103.335 0.011
201706 0.022 103.664 0.025
201709 0.025 103.994 0.028
201712 0.047 104.984 0.053
201803 0.013 105.973 0.014
201806 0.036 106.193 0.040
201809 0.032 106.852 0.035
201812 0.063 107.622 0.069
201903 0.018 108.172 0.020
201906 0.033 109.601 0.035
201909 0.046 110.260 0.049
201912 0.094 110.700 0.100
202003 0.002 110.920 0.002
202006 0.060 110.590 0.064
202009 0.070 107.512 0.076
202012 0.132 109.711 0.141
202103 0.034 111.579 0.036
202106 0.043 111.360 0.045
202109 0.048 109.051 0.052
202112 0.117 112.349 0.122
202203 -0.009 113.558 -0.009
202206 0.043 113.448 0.044
202209 0.059 113.778 0.061
202212 0.112 114.548 0.115
202303 0.041 115.427 0.042
202306 0.053 115.647 0.054
202309 0.058 116.087 0.059
202312 0.078 117.296 0.078

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.


Alibaba Group Holding  (BSP:BABA34) 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.


Alibaba Group Holding Cyclically Adjusted Price-to-FCF Related Terms

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Alibaba Group Holding (BSP:BABA34) Business Description

Address
1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, HKG
Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume (CNY 8.3 trillion for the fiscal year ended March 2022). It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba's China commerce retail division accounted for 67% of revenue in the year ended March 2022. Additional revenue sources include China commerce wholesale (2%), international commerce retail/wholesale (5%/2%), local consumer services (5%), cloud computing (9%), digital media and entertainment platforms (4%), Cainiao logistics services (5%), and innovation initiatives/other (1%).

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