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Ferrari NV (XBUL:2FE) Cyclically Adjusted FCF per Share : лв3.57 (As of Mar. 2025)


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What is Ferrari NV Cyclically Adjusted FCF per Share?

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. 2025 was лв6.541. 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 лв3.57 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ferrari NV's average Cyclically Adjusted FCF Growth Rate was 25.60% per year. 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 (2025-05-09), Ferrari NV's current stock price is лв399.50. Ferrari NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was лв3.57. Ferrari NV's Cyclically Adjusted Price-to-FCF of today is 111.90.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ferrari NV was 160.29. The lowest was 104.87. And the median was 136.31.


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.

* Premium members only.

Ferrari NV Cyclically Adjusted FCF per Share Chart

Ferrari NV Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 3.09

Ferrari NV Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share 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 - - 3.07 3.09 3.57

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.


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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. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=6.541/122.1000*122.1000
=6.541

Current CPI (Mar. 2025) = 122.1000.

Ferrari NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 2.879 100.279 3.505
201509 0.359 100.000 0.438
201512 0.406 99.814 0.497
201603 0.454 99.600 0.557
201606 1.159 99.900 1.417
201609 1.806 100.100 2.203
201612 3.216 100.300 3.915
201703 0.669 101.000 0.809
201706 0.523 101.100 0.632
201709 1.513 101.200 1.825
201712 0.147 101.200 0.177
201803 1.001 101.800 1.201
201806 0.465 102.400 0.554
201809 0.894 102.600 1.064
201812 0.836 102.300 0.998
201903 2.596 102.800 3.083
201906 1.184 103.100 1.402
201909 1.359 102.900 1.613
201912 1.084 102.800 1.288
202003 0.921 102.900 1.093
202006 -2.106 102.900 -2.499
202009 0.803 102.300 0.958
202012 1.904 102.600 2.266
202103 1.380 103.700 1.625
202106 0.930 104.200 1.090
202109 2.382 104.900 2.773
202112 1.326 106.600 1.519
202203 2.936 110.400 3.247
202206 -0.104 112.500 -0.113
202209 1.928 114.200 2.061
202212 1.229 119.000 1.261
202303 2.487 118.800 2.556
202306 0.995 119.700 1.015
202309 3.029 120.300 3.074
202312 2.217 119.700 2.261
202403 3.243 120.200 3.294
202406 0.491 120.700 0.497
202409 3.881 121.200 3.910
202412 2.209 121.200 2.225
202503 6.541 122.100 6.541

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


Ferrari NV  (XBUL:2FE) 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.

Ferrari NV's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=399.50/3.57
=111.90

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ferrari NV was 160.29. The lowest was 104.87. And the median was 136.31.


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 Business Description

Industry
Address
Via Abetone Inferiore n. 4, Maranello, ITA, I-41053
Ferrari designs, engineers, and manufactures some of the world's most expensive luxury cars. With supply carefully controlled to be below demand and a brand steeped in decades of motor racing history, a Ferrari is viewed as a status symbol. In 2024, the company sold 13,752 vehicles at an average price over EUR 480,000 with more than 70% of its vehicles being sold to existing Ferrari clients. Eighty-six percent of revenue is generated from the sale of cars and spare parts and 10% from sponsorship, commercial, and brand activities including racing and lifestyle activities. In 2024, the Europe, Middle East, and Africa region accounted for 47% of revenue, the Americas was 33%, mainland China, Hong Kong, and Taiwan was 8%, and the rest of Asia was 12%.

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