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BABA (Alibaba Group Holding) Cyclically Adjusted FCF per Share : $9.15 (As of Mar. 2025)


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What is Alibaba Group Holding 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.

Alibaba Group Holding's adjusted free cash flow per share for the three months ended in Mar. 2025 was $1.585. 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 $9.15 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Alibaba Group Holding's average Cyclically Adjusted FCF Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.60% per year. 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 Alibaba Group Holding was 9.60% per year. The lowest was 8.10% per year. And the median was 8.85% per year.

As of today (2025-06-27), Alibaba Group Holding's current stock price is $113.595. Alibaba Group Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $9.15. Alibaba Group Holding's Cyclically Adjusted Price-to-FCF of today is 12.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Alibaba Group Holding was 52.35. The lowest was 8.21. And the median was 12.74.


Alibaba Group Holding Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Alibaba Group Holding'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.

Alibaba Group Holding Cyclically Adjusted FCF per Share Chart

Alibaba Group Holding Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.66 6.95 7.47 8.41 9.15

Alibaba Group Holding 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 8.41 8.48 8.71 9.00 9.15

Competitive Comparison of Alibaba Group Holding's Cyclically Adjusted FCF per Share

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.


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Alibaba Group Holding 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, Alibaba Group Holding'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)
=1.585/119.3844*119.3844
=1.585

Current CPI (Mar. 2025) = 119.3844.

Alibaba Group Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.648 99.267 0.779
201509 0.926 99.927 1.106
201512 1.595 102.015 1.867
201603 0.307 102.785 0.357
201606 0.884 101.686 1.038
201609 1.005 102.565 1.170
201612 2.103 103.225 2.432
201703 0.745 103.335 0.861
201706 1.463 103.664 1.685
201709 1.759 103.994 2.019
201712 3.215 104.984 3.656
201803 0.869 105.973 0.979
201806 2.127 106.193 2.391
201809 1.743 106.852 1.947
201812 3.606 107.622 4.000
201903 1.053 108.172 1.162
201906 1.905 109.601 2.075
201909 2.523 110.260 2.732
201912 5.145 110.700 5.549
202003 0.113 110.920 0.122
202006 2.581 110.590 2.786
202009 2.904 107.512 3.225
202012 5.734 109.711 6.240
202103 1.349 111.579 1.443
202106 1.899 111.360 2.036
202109 2.037 109.051 2.230
202112 4.648 112.349 4.939
202203 -0.411 113.558 -0.432
202206 1.893 113.448 1.992
202209 2.537 113.778 2.662
202212 4.794 114.548 4.996
202303 1.745 115.427 1.805
202306 2.456 115.647 2.535
202309 2.629 116.087 2.704
202312 3.568 117.296 3.632
202403 1.298 117.735 1.316
202406 1.893 117.296 1.927
202409 1.839 118.615 1.851
202412 4.058 118.945 4.073
202503 1.585 119.384 1.585

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


Alibaba Group Holding  (NYSE:BABA) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=113.595/9.15
=12.41

* 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 Alibaba Group Holding was 52.35. The lowest was 8.21. And the median was 12.74.


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.


Alibaba Group Holding Cyclically Adjusted FCF per Share Related Terms

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


Alibaba Group Holding 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. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.