Free Cash Flow Yield (FCFY) measures amount of free cash flow for each dollar of
market capitalization.
Free Cash Flow Yield = Levered Free Cash Flow / Market Capitalization
Applying this formula, Zhejiang Qianjiang Motorcycle’s Free Cash Flow Yield is calculated below:
Levered Free Cash Flow [ ¥638.5 M ]
(/) Market Capitalization [ ¥9.464 B ]
(=) Free Cash Flow Yield [ 6.7% ]
The tables below summarizes the trend in Zhejiang Qianjiang Motorcycle’s Free Cash Flow Yield over the last five years:
| Date |
Free Cash Flow |
Market Cap |
Free Cash Flow Yield |
| 2019-12-31 |
281.8 M |
¥4.993 B |
5.6% |
| 2020-12-31 |
341.9 M |
¥11.606 B |
2.9% |
| 2022-01-01 |
-100.7 M |
¥6.436 B |
−1.6% |
| 2023-01-01 |
1.462 B |
¥8.666 B |
16.9% |
| 2023-12-31 |
-506.3 M |
¥6.574 B |
−7.7% |
Read More: Levered Free Cash Flow