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CNH Industrial NV (CNH Industrial NV) Cyclically Adjusted Price-to-FCF : 14.23 (As of May. 26, 2024)


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What is CNH Industrial NV Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), CNH Industrial NV's current share price is $10.67. CNH Industrial NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.75. CNH Industrial NV's Cyclically Adjusted Price-to-FCF for today is 14.23.

The historical rank and industry rank for CNH Industrial NV's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CNH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.23   Med: 26.79   Max: 50.55
Current: 14.31

During the past years, CNH Industrial NV's highest Cyclically Adjusted Price-to-FCF was 50.55. The lowest was 14.23. And the median was 26.79.

CNH's Cyclically Adjusted Price-to-FCF is ranked better than
75% of 96 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 26.405 vs CNH: 14.31

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.

CNH Industrial NV's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.860. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.75 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CNH Industrial NV Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CNH Industrial 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.

CNH Industrial NV Cyclically Adjusted Price-to-FCF Chart

CNH Industrial 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 - - - 34.36 20.47

CNH Industrial 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 28.92 23.07 18.55 20.47 17.38

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

For the Farm & Heavy Construction Machinery subindustry, CNH Industrial 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.


CNH Industrial NV's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CNH Industrial NV's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



CNH Industrial 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.

CNH Industrial NV's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.67/0.75
=14.23

* 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.

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

For example, CNH Industrial 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)
=-0.86/131.6000*131.6000
=-0.860

Current CPI (Mar. 2024) = 131.6000.

CNH Industrial NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.244 99.800 -0.322
201409 -0.443 100.000 -0.583
201412 0.849 99.900 1.118
201503 -0.788 99.600 -1.041
201506 0.299 100.100 0.393
201509 0.004 100.200 0.005
201512 0.689 100.400 0.903
201603 -0.286 100.400 -0.375
201606 0.020 101.000 0.026
201609 0.075 101.500 0.097
201612 0.657 102.200 0.846
201703 -0.332 102.700 -0.425
201706 0.060 103.500 0.076
201709 0.233 104.300 0.294
201712 0.499 105.000 0.625
201803 -0.322 105.100 -0.403
201806 0.306 105.900 0.380
201809 -0.023 106.600 -0.028
201812 0.521 107.100 0.640
201903 -0.822 107.000 -1.011
201906 -0.144 107.900 -0.176
201909 -0.076 108.400 -0.092
201912 0.945 108.500 1.146
202003 -0.630 108.600 -0.763
202006 0.571 108.800 0.691
202009 1.371 109.200 1.652
202012 2.154 109.400 2.591
202103 0.153 109.700 0.184
202106 0.604 111.400 0.714
202109 0.230 112.400 0.269
202112 1.333 114.700 1.529
202203 -0.781 116.500 -0.882
202206 -0.357 120.500 -0.390
202209 0.037 122.300 0.040
202212 0.771 125.300 0.810
202303 -0.661 126.800 -0.686
202306 -0.297 129.400 -0.302
202309 -0.068 130.100 -0.069
202312 0.828 130.500 0.835
202403 -0.860 131.600 -0.860

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.


CNH Industrial NV  (NYSE:CNH) 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.


CNH Industrial NV Cyclically Adjusted Price-to-FCF Related Terms

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CNH Industrial NV (CNH Industrial NV) Business Description

Address
25 St. James's Street, London, GBR, SW1A 1HA
CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.

CNH Industrial NV (CNH Industrial NV) Headlines