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Moncler SpA (MIL:MONC) Cyclically Adjusted Price-to-FCF : 47.74 (As of Apr. 27, 2024)


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What is Moncler SpA Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Moncler SpA's current share price is €64.92. Moncler SpA's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec22 was €1.36. Moncler SpA's Cyclically Adjusted Price-to-FCF for today is 47.74.

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

MIL:MONC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 34.44   Med: 48.8   Max: 86.92
Current: 47.69

During the past 14 years, Moncler SpA's highest Cyclically Adjusted Price-to-FCF was 86.92. The lowest was 34.44. And the median was 48.80.

MIL:MONC's Cyclically Adjusted Price-to-FCF is ranked worse than
77.5% of 360 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.255 vs MIL:MONC: 47.69

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.

Moncler SpA's adjusted free cash flow per share data of for the fiscal year that ended in Dec22 was €1.832. 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 €1.36 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Moncler SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Moncler SpA'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.

Moncler SpA Cyclically Adjusted Price-to-FCF Chart

Moncler SpA 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 59.48 64.26 59.40 36.46 -

Moncler SpA Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 59.40 - 36.46 - -

Competitive Comparison of Moncler SpA's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, Moncler SpA'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.


Moncler SpA's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Moncler SpA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Moncler SpA 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.

Moncler SpA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=64.92/1.36
=47.74

* 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.

Moncler SpA's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Moncler SpA's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec22 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=1.832/119.0000*119.0000
=1.832

Current CPI (Dec22) = 119.0000.

Moncler SpA Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.224 99.721 0.267
201412 0.366 99.721 0.437
201512 0.457 99.814 0.545
201612 0.852 100.300 1.011
201712 0.944 101.200 1.110
201812 1.474 102.300 1.715
201912 1.847 102.800 2.138
202012 1.242 102.600 1.441
202112 2.762 106.600 3.083
202212 1.832 119.000 1.832

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.


Moncler SpA  (MIL:MONC) 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.


Moncler SpA Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Moncler SpA's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Moncler SpA (MIL:MONC) Business Description

Address
Via Stendhal, 47, Milan, ITA, 20144
Moncler consists of its namesake brand and Stone Island (acquired in 2021). The Moncler brand is one of the leading players in luxury outerwear. It is globally present with 36% of sales generated in Europe, the Middle East, and Africa, 17% in the Americas, and 47% in Asia and rest of the world. Most of the company's sales are direct to consumer, with almost 80% generated through the own-retail channel. Around 75%-80% of revenue is generated in the core outerwear segment, with the remainder in the accessory, knitwear, and footwear categories. Stone Island contributed around 15% of revenue in 2022.

Moncler SpA (MIL:MONC) Headlines

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