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NN (FRA:NN2) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is NN Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


NN Cyclically Adjusted Price-to-FCF Historical Data

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

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

For the Conglomerates subindustry, NN'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.


NN's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, NN's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



NN 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.

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

For example, NN'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)
=-0.092/131.7762*131.7762
=-0.092

Current CPI (Mar. 2024) = 131.7762.

NN Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.136 100.560 0.178
201409 -0.570 100.428 -0.748
201412 0.714 99.070 0.950
201503 -1.227 99.621 -1.623
201506 0.630 100.684 0.825
201509 -0.039 100.392 -0.051
201512 0.295 99.792 0.390
201603 -0.150 100.470 -0.197
201606 -0.064 101.688 -0.083
201609 0.671 101.861 0.868
201612 0.398 101.863 0.515
201703 -0.123 102.862 -0.158
201706 -0.041 103.349 -0.052
201709 0.138 104.136 0.175
201712 -2.100 104.011 -2.661
201803 -0.377 105.290 -0.472
201806 -1.097 106.317 -1.360
201809 -0.355 106.507 -0.439
201812 0.752 105.998 0.935
201903 -0.354 107.251 -0.435
201906 -0.165 108.070 -0.201
201909 0.378 108.329 0.460
201912 0.050 108.420 0.061
202003 -0.022 108.902 -0.027
202006 0.027 108.767 0.033
202009 -0.028 109.815 -0.034
202012 -0.137 109.897 -0.164
202103 0.048 111.754 0.057
202106 -0.141 114.631 -0.162
202109 -0.072 115.734 -0.082
202112 0.124 117.630 0.139
202203 -0.193 121.301 -0.210
202206 -0.058 125.017 -0.061
202209 -0.100 125.227 -0.105
202212 0.136 125.222 0.143
202303 -0.098 127.348 -0.101
202306 0.024 128.729 0.025
202309 0.220 129.860 0.223
202312 0.024 129.419 0.024
202403 -0.092 131.776 -0.092

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.


NN  (FRA:NN2) 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.


NN Cyclically Adjusted Price-to-FCF Related Terms

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NN (FRA:NN2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » NN Inc (FRA:NN2) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
6210 Ardrey Kell Road, Suite 600, Charlotte, NC, USA, 28277
NN Inc is a diversified industrial company that combines engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision solutions and components. It operates in two business segments: mobile solutions and power solutions. The mobile solutions segment involves growth in the general industrial and automotive end markets. Its power solutions segment involves growth in the electrical and aerospace and defense end markets. It also operates in China, Mexico, Brazil, Germany, and other countries.

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