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Ferrari NV (XSWX:RACE) Cyclically Adjusted Price-to-FCF : (As of Jun. 02, 2024)


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What is Ferrari NV Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferrari NV Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ferrari NV'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.

* Premium members only.

Ferrari NV Cyclically Adjusted Price-to-FCF Chart

Ferrari NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 115.13

Ferrari NV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 119.99 107.09 115.13 143.94

Competitive Comparison of Ferrari NV's Cyclically Adjusted Price-to-FCF

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 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.

Ferrari NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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.

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.


Ferrari NV  (XSWX:RACE) 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.


Ferrari NV Cyclically Adjusted Price-to-FCF Related Terms

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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%.

Ferrari NV (XSWX:RACE) Headlines