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Ferrari NV (XSWX:RACE) Cyclically Adjusted FCF per Share : CHF0.00 (As of Mar. 2024)


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What is Ferrari NV Cyclically Adjusted FCF per Share?

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Ferrari NV's adjusted free cash flow per share for the three months ended in Mar. 2024 was CHF1.646. 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 CHF0.00 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-11), Ferrari NV's current stock price is CHF246.93. Ferrari NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was CHF0.00. Ferrari NV's Cyclically Adjusted Price-to-FCF of today is .

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Ferrari NV was 151.88. The lowest was 107.86. And the median was 120.11.


Ferrari NV Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Ferrari NV'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.

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Ferrari NV Cyclically Adjusted FCF per Share Chart

Ferrari NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
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Ferrari NV 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 Ferrari NV's Cyclically Adjusted FCF per Share

For the Auto Manufacturers subindustry, Ferrari NV'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.


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

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

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



Ferrari NV 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, Ferrari NV'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)
=1.646/120.2000*120.2000
=1.646

Current CPI (Mar. 2024) = 120.2000.

Ferrari NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.594 100.093 0.713
201409 -0.298 99.814 -0.359
201412 0.051 99.721 0.061
201503 -0.079 99.814 -0.095
201506 1.545 100.279 1.852
201509 0.201 100.000 0.242
201512 0.232 99.814 0.279
201603 0.257 99.600 0.310
201606 0.647 99.900 0.778
201609 1.012 100.100 1.215
201612 1.888 100.300 2.263
201703 0.386 101.000 0.459
201706 0.291 101.100 0.346
201709 0.838 101.200 0.995
201712 0.083 101.200 0.099
201803 0.547 101.800 0.646
201806 0.265 102.400 0.311
201809 0.499 102.600 0.585
201812 0.477 102.300 0.560
201903 1.495 102.800 1.748
201906 0.673 103.100 0.785
201909 0.775 102.900 0.905
201912 0.613 102.800 0.717
202003 0.509 102.900 0.595
202006 -1.153 102.900 -1.347
202009 0.423 102.300 0.497
202012 0.974 102.600 1.141
202103 0.739 103.700 0.857
202106 0.486 104.200 0.561
202109 1.265 104.900 1.450
202112 0.704 106.600 0.794
202203 1.571 110.400 1.710
202206 -0.058 112.500 -0.062
202209 1.081 114.200 1.138
202212 0.660 119.000 0.667
202303 1.326 118.800 1.342
202306 0.515 119.700 0.517
202309 1.564 120.300 1.563
202312 1.098 119.700 1.103
202403 1.646 120.200 1.646

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


Ferrari NV  (XSWX:RACE) 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.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Ferrari NV was 151.88. The lowest was 107.86. And the median was 120.11.


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.


Ferrari NV Cyclically Adjusted FCF per Share Related Terms

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


Ferrari NV (XSWX:RACE) Business Description

Industry
Address
Via Abetone Inferiore n. 4, Maranello, ITA, I-41053
Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2022, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 28%, China was 12%, and the rest of Asia was 12%.