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Ballard Power Systems (XTER:PO0) Cyclically Adjusted Price-to-FCF : (As of Jun. 08, 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
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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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 Mar. 2024 is calculated as:

For example, Ballard Power Systems'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)
=-0.084/126.2576*126.2576
=-0.084

Current CPI (Mar. 2024) = 126.2576.

Ballard Power Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.034 99.473 -0.043
201409 -0.020 99.394 -0.025
201412 -0.053 98.367 -0.068
201503 -0.040 99.789 -0.051
201506 -0.043 100.500 -0.054
201509 -0.033 100.421 -0.041
201512 -0.070 99.947 -0.088
201603 -0.047 101.054 -0.059
201606 -0.029 102.002 -0.036
201609 -0.011 101.765 -0.014
201612 0.026 101.449 0.032
201703 -0.024 102.634 -0.030
201706 -0.001 103.029 -0.001
201709 -0.044 103.345 -0.054
201712 -0.011 103.345 -0.013
201803 -0.036 105.004 -0.043
201806 -0.087 105.557 -0.104
201809 -0.067 105.636 -0.080
201812 -0.006 105.399 -0.007
201903 -0.047 106.979 -0.055
201906 -0.005 107.690 -0.006
201909 -0.053 107.611 -0.062
201912 -0.004 107.769 -0.005
202003 -0.052 107.927 -0.061
202006 -0.067 108.401 -0.078
202009 -0.047 108.164 -0.055
202012 -0.032 108.559 -0.037
202103 -0.056 110.298 -0.064
202106 -0.063 111.720 -0.071
202109 -0.048 112.905 -0.054
202112 -0.108 113.774 -0.120
202203 -0.140 117.646 -0.150
202206 -0.152 120.806 -0.159
202209 -0.125 120.648 -0.131
202212 -0.114 120.964 -0.119
202303 -0.151 122.702 -0.155
202306 -0.133 124.203 -0.135
202309 -0.091 125.230 -0.092
202312 -0.079 125.072 -0.080
202403 -0.084 126.258 -0.084

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  (XTER:PO0) 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 (XTER:PO0) 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.

Ballard Power Systems (XTER:PO0) Headlines

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