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Ballard Power Systems (TSX:BLDP) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Ballard Power Systems Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ballard Power Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ballard Power Systems'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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Ballard Power Systems Cyclically Adjusted Price-to-FCF Chart

Ballard Power Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Ballard Power Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Ballard Power Systems's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Ballard Power Systems'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.


Ballard Power Systems's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ballard Power Systems's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ballard Power Systems 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.

Ballard Power Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Ballard Power Systems'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)
=-0.115/125.4675*125.4675
=-0.115

Current CPI (Dec. 2023) = 125.4675.

Ballard Power Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.065 98.604 -0.083
201406 -0.051 99.473 -0.064
201409 -0.028 99.394 -0.035
201412 -0.076 98.367 -0.097
201503 -0.055 99.789 -0.069
201506 -0.059 100.500 -0.074
201509 -0.049 100.421 -0.061
201512 -0.104 99.947 -0.131
201603 -0.070 101.054 -0.087
201606 -0.043 102.002 -0.053
201609 -0.016 101.765 -0.020
201612 0.036 101.449 0.045
201703 -0.035 102.634 -0.043
201706 -0.001 103.029 -0.001
201709 -0.065 103.345 -0.079
201712 -0.016 103.345 -0.019
201803 -0.058 105.004 -0.069
201806 -0.133 105.557 -0.158
201809 -0.102 105.636 -0.121
201812 -0.009 105.399 -0.011
201903 -0.071 106.979 -0.083
201906 -0.007 107.690 -0.008
201909 -0.077 107.611 -0.090
201912 -0.006 107.769 -0.007
202003 -0.080 107.927 -0.093
202006 -0.102 108.401 -0.118
202009 -0.073 108.164 -0.085
202012 -0.050 108.559 -0.058
202103 -0.084 110.298 -0.096
202106 -0.093 111.720 -0.104
202109 -0.072 112.905 -0.080
202112 -0.156 113.774 -0.172
202203 -0.195 117.646 -0.208
202206 -0.205 120.806 -0.213
202209 -0.166 120.648 -0.173
202212 -0.164 120.964 -0.170
202303 -0.221 122.702 -0.226
202306 -0.191 124.203 -0.193
202309 -0.131 125.230 -0.131
202312 -0.115 125.468 -0.115

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.


Ballard Power Systems  (TSX:BLDP) 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.


Ballard Power Systems Cyclically Adjusted Price-to-FCF Related Terms

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Ballard Power Systems (TSX:BLDP) Business Description

Traded in Other Exchanges
Address
9000 Glenlyon Parkway, Burnaby, BC, CAN, V5J 5J8
Ballard Power Systems is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the U.S., Europe, and China.
Executives
Sarbjot Sidhu Senior Officer