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ZAP (ZAAP) Cyclically Adjusted Price-to-FCF : (As of May. 25, 2024)


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What is ZAP Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ZAP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ZAP'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.

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ZAP Cyclically Adjusted Price-to-FCF Chart

ZAP Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted Price-to-FCF
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ZAP Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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Competitive Comparison of ZAP's Cyclically Adjusted Price-to-FCF

For the Recreational Vehicles subindustry, ZAP'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.


ZAP's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ZAP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



ZAP 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.

ZAP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2016 is calculated as:

For example, ZAP's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2016 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)
=0.001/101.8627*101.8627
=0.001

Current CPI (Dec. 2016) = 101.8627.

ZAP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200703 -0.043 86.640 -0.051
200706 -0.035 87.906 -0.041
200709 -0.017 87.964 -0.020
200712 -0.024 88.616 -0.028
200803 -0.034 90.090 -0.038
200806 -0.023 92.320 -0.025
200809 -0.034 92.307 -0.038
200812 -0.028 88.697 -0.032
200903 -0.020 89.744 -0.023
200906 -0.002 91.003 -0.002
200909 -0.011 91.120 -0.012
200912 -0.010 91.111 -0.011
201003 -0.029 91.821 -0.032
201006 -0.016 91.962 -0.018
201009 -0.010 92.162 -0.011
201012 -0.004 92.474 -0.004
201103 -0.010 94.283 -0.011
201106 0.007 95.235 0.007
201109 -0.030 95.727 -0.032
201112 -0.015 95.213 -0.016
201203 -0.008 96.783 -0.008
201206 -0.026 96.819 -0.027
201209 -0.009 97.633 -0.009
201212 0.013 96.871 0.014
201303 -0.017 98.209 -0.018
201306 0.004 98.518 0.004
201309 -0.012 98.790 -0.012
201312 0.010 98.326 0.010
201403 -0.004 99.695 -0.004
201406 -0.006 100.560 -0.006
201409 0.000 100.428 0.000
201412 0.005 99.070 0.005
201503 0.004 99.621 0.004
201506 0.003 100.684 0.003
201509 -0.013 100.392 -0.013
201512 0.000 99.792 0.000
201603 0.000 100.470 0.000
201606 0.000 101.688 0.000
201609 -0.003 101.861 -0.003
201612 0.001 101.863 0.001

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.


ZAP  (GREY:ZAAP) 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.


ZAP Cyclically Adjusted Price-to-FCF Related Terms

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


ZAP (ZAAP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2 West 3rd Street, Santa Rosa, CA, USA, 95401
ZAP Inc designs, develops, manufactures and sells fully electric and advanced technology vehicles. Business activity of the group is operated through Jonway Auto and ZAP (Consumer Product) segments. The Jonway Auto segment represents sales of the gas-fueled Jonway A380 three and five-door sports utility vehicles, EV minivan and EV SUVs and spare parts principally through distributors in China. The ZAP Consumer Product segment represents rechargeable portable energy products, Zapino scooter, and ZAPPY3 personal transporters. The firm derives most of the revenue from the Jonway Auto segment.

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