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Tesla (UKEX:TSLA) Cyclically Adjusted Price-to-FCF : (As of May. 14, 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 3,694.05 573,197.29

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)
=-28.856/129.4194*129.4194
=-28.856

Current CPI (Mar. 2024) = 129.4194.

Tesla Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -3.774 100.560 -4.857
201409 -6.607 100.428 -8.514
201412 -9.586 99.070 -12.523
201503 -11.710 99.621 -15.213
201506 -11.784 100.684 -15.147
201509 -12.209 100.392 -15.739
201512 -8.893 99.792 -11.533
201603 -9.295 100.470 -11.973
201606 -2.727 101.688 -3.471
201609 2.966 101.861 3.768
201612 -19.253 101.863 -24.461
201703 -13.737 102.862 -17.284
201706 -21.733 103.349 -27.215
201709 -24.421 104.136 -30.350
201712 -6.188 104.011 -7.700
201803 -17.616 105.290 -21.653
201806 -12.549 106.317 -15.276
201809 12.356 106.507 15.014
201812 13.511 105.998 16.496
201903 -14.442 107.251 -17.427
201906 8.828 108.070 10.572
201909 4.961 108.329 5.927
201912 14.304 108.420 17.074
202003 -12.249 108.902 -14.557
202006 5.078 108.767 6.042
202009 16.437 109.815 19.371
202012 21.174 109.897 24.935
202103 -14.223 111.754 -16.471
202106 7.194 114.631 8.122
202109 15.562 115.734 17.402
202112 32.599 117.630 35.866
202203 25.289 121.301 26.982
202206 7.110 125.017 7.360
202209 37.703 125.227 38.965
202212 16.192 125.222 16.735
202303 5.032 127.348 5.114
202306 11.460 128.729 11.521
202309 9.639 129.860 9.606
202312 23.396 129.419 23.396
202403 -28.856 129.419 -28.856

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  (UKEX:TSLA) 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 (UKEX:TSLA) 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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