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Ferrari NV (MIL:RACE) Cyclically Adjusted Price-to-FCF : (As of May. 12, 2025)


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

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 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 115.13 131.13

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 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 143.94 136.66 138.58 131.13 111.24

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.


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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. 2025 is calculated as:

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)
=3.483/122.1000*122.1000
=3.483

Current CPI (Mar. 2025) = 122.1000.

Ferrari NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.477 100.279 1.798
201509 0.184 100.000 0.225
201512 0.214 99.814 0.262
201603 0.235 99.600 0.288
201606 0.594 99.900 0.726
201609 0.926 100.100 1.130
201612 1.755 100.300 2.136
201703 0.360 101.000 0.435
201706 0.268 101.100 0.324
201709 0.731 101.200 0.882
201712 0.071 101.200 0.086
201803 0.468 101.800 0.561
201806 0.229 102.400 0.273
201809 0.441 102.600 0.525
201812 0.423 102.300 0.505
201903 1.323 102.800 1.571
201906 0.603 103.100 0.714
201909 0.711 102.900 0.844
201912 0.562 102.800 0.668
202003 0.480 102.900 0.570
202006 -1.077 102.900 -1.278
202009 0.393 102.300 0.469
202012 0.901 102.600 1.072
202103 0.668 103.700 0.787
202106 0.445 104.200 0.521
202109 1.166 104.900 1.357
202112 0.676 106.600 0.774
202203 1.535 110.400 1.698
202206 -0.057 112.500 -0.062
202209 1.121 114.200 1.199
202212 0.668 119.000 0.685
202303 1.338 118.800 1.375
202306 0.528 119.700 0.539
202309 1.634 120.300 1.658
202312 1.171 119.700 1.194
202403 1.718 120.200 1.745
202406 0.263 120.700 0.266
202409 2.013 121.200 2.028
202412 1.215 121.200 1.224
202503 3.483 122.100 3.483

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  (MIL: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 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%.