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Natuzzi SPA (FRA:NTZA) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Natuzzi SPA Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Natuzzi SPA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Natuzzi SPA'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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Natuzzi SPA Cyclically Adjusted Price-to-FCF Chart

Natuzzi SPA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Natuzzi SPA 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 Natuzzi SPA's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, Natuzzi SPA'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.


Natuzzi SPA's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Natuzzi SPA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Natuzzi SPA 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.

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

For example, Natuzzi SPA'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)
=-0.063/119.7000*119.7000
=-0.063

Current CPI (Dec. 2023) = 119.7000.

Natuzzi SPA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.606 99.907 -0.726
201406 -0.477 100.093 -0.570
201409 -2.253 99.814 -2.702
201412 -0.658 99.721 -0.790
201503 -0.893 99.814 -1.071
201506 -0.297 100.279 -0.355
201509 1.549 100.000 1.854
201512 0.106 99.814 0.127
201603 -0.617 99.600 -0.742
201606 1.221 99.900 1.463
201609 1.491 100.100 1.783
201612 0.046 100.300 0.055
201703 -1.477 101.000 -1.750
201706 0.402 101.100 0.476
201709 -1.303 101.200 -1.541
201712 1.156 101.200 1.367
201803 -0.966 101.800 -1.136
201806 -0.744 102.400 -0.870
201809 -1.756 102.600 -2.049
201812 1.675 102.300 1.960
201903 -0.348 102.800 -0.405
201906 0.606 103.100 0.704
201909 0.326 102.900 0.379
201912 -0.147 102.800 -0.171
202003 0.209 102.900 0.243
202006 0.501 102.900 0.583
202009 -0.364 102.300 -0.426
202012 0.767 102.600 0.895
202103 0.045 103.700 0.052
202106 -0.638 104.200 -0.733
202109 0.039 104.900 0.045
202112 0.536 106.600 0.602
202203 -0.283 110.400 -0.307
202206 1.212 112.500 1.290
202209 -0.383 114.200 -0.401
202212 1.154 119.000 1.161
202303 -0.454 118.800 -0.457
202306 0.599 119.700 0.599
202309 0.209 120.300 0.208
202312 -0.063 119.700 -0.063

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.


Natuzzi SPA  (FRA:NTZA) 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.


Natuzzi SPA Cyclically Adjusted Price-to-FCF Related Terms

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Natuzzi SPA (FRA:NTZA) Business Description

Traded in Other Exchanges
Address
Via Iazzitiello 47, Santeramo in Colle, Bari, ITA, 70029
Natuzzi SPA is an Italian firm that designs, manufactures, and sells contemporary and traditional leather and fabric-upholstered furniture. Its product portfolio including sofas, loveseats, armchairs, sectional furniture, motion furniture and sofa beds, living room furnishings, and accessories. The company markets its products under several brands such as Natuzzi Italia, Private label, and Natuzzi Editions. Geographically, it derives a majority of revenue from the United States of America and also has an international presence in Italy, Spain, UK, Spain, Spain and Other countries.

Natuzzi SPA (FRA:NTZA) Headlines

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