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CNH Industrial NV (CNH Industrial NV) Cyclically Adjusted Price-to-FCF : 19.34 (As of Apr. 27, 2024)


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

As of today (2024-04-27), CNH Industrial NV's current share price is $11.41. CNH Industrial NV's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.59. CNH Industrial NV's Cyclically Adjusted Price-to-FCF for today is 19.34.

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

CNHI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.32   Med: 27.42   Max: 50.55
Current: 19.19

During the past years, CNH Industrial NV's highest Cyclically Adjusted Price-to-FCF was 50.55. The lowest was 15.32. And the median was 27.42.

CNHI's Cyclically Adjusted Price-to-FCF is ranked better than
68.69% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 26.88 vs CNHI: 19.19

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 Dec. 2023 was $0.828. 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 $0.59 for the trailing ten years ended in Dec. 2023.

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 20.53

CNH Industrial NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 34.36 28.92 23.07 18.55 20.53

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
=11.41/0.59
=19.34

* 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 Dec. 2023 is calculated as:

For example, CNH Industrial NV's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.828/130.0000*130.0000
=0.828

Current CPI (Dec. 2023) = 130.0000.

CNH Industrial NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.747 99.300 -2.287
201406 -0.244 99.800 -0.318
201409 -0.443 100.000 -0.576
201412 0.849 99.900 1.105
201503 -0.788 99.600 -1.029
201506 0.299 100.100 0.388
201509 0.004 100.200 0.005
201512 0.689 100.400 0.892
201603 -0.286 100.400 -0.370
201606 0.020 101.000 0.026
201609 0.075 101.500 0.096
201612 0.657 102.200 0.836
201703 -0.332 102.700 -0.420
201706 0.060 103.500 0.075
201709 0.233 104.300 0.290
201712 0.499 105.000 0.618
201803 -0.322 105.100 -0.398
201806 0.306 105.900 0.376
201809 -0.023 106.600 -0.028
201812 0.521 107.100 0.632
201903 -0.822 107.000 -0.999
201906 -0.144 107.900 -0.173
201909 -0.076 108.400 -0.091
201912 0.945 108.500 1.132
202003 -0.630 108.600 -0.754
202006 0.571 108.800 0.682
202009 1.371 109.200 1.632
202012 2.154 109.400 2.560
202103 0.153 109.700 0.181
202106 0.604 111.400 0.705
202109 0.230 112.400 0.266
202112 1.333 114.700 1.511
202203 -0.781 116.500 -0.872
202206 -0.357 120.500 -0.385
202209 0.037 122.300 0.039
202212 0.771 125.300 0.800
202303 -0.661 126.800 -0.678
202306 -0.297 129.400 -0.298
202309 -0.068 130.100 -0.068
202312 0.828 130.000 0.828

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:CNHI) 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.