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Natuzzi SPA (Natuzzi SPA) Cyclically Adjusted Price-to-FCF : (As of May. 11, 2024)


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What is Natuzzi SPA Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Natuzzi SPA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Natuzzi 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.

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Natuzzi SPA Cyclically Adjusted Price-to-FCF Chart

Natuzzi SPA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Natuzzi SPA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Natuzzi SPA's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, Natuzzi 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.


Natuzzi SPA's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Natuzzi SPA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Natuzzi 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.

Natuzzi SPA's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Natuzzi SPA'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)
=-0.068/119.5000*119.5000
=-0.068

Current CPI (Dec. 2023) = 119.5000.

Natuzzi SPA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.838 99.907 -1.002
201406 -0.648 100.093 -0.774
201409 -2.904 99.814 -3.477
201412 -0.811 99.721 -0.972
201503 -0.967 99.814 -1.158
201506 -0.333 100.279 -0.397
201509 1.738 100.000 2.077
201512 0.116 99.814 0.139
201603 -0.687 99.600 -0.824
201606 1.372 99.900 1.641
201609 1.673 100.100 1.997
201612 0.049 100.300 0.058
201703 -1.579 101.000 -1.868
201706 0.452 101.100 0.534
201709 -1.553 101.200 -1.834
201712 1.368 101.200 1.615
201803 -1.191 101.800 -1.398
201806 -0.869 102.400 -1.014
201809 -2.049 102.600 -2.387
201812 1.906 102.300 2.226
201903 -0.393 102.800 -0.457
201906 0.685 103.100 0.794
201909 0.359 102.900 0.417
201912 -0.164 102.800 -0.191
202003 0.231 102.900 0.268
202006 0.565 102.900 0.656
202009 -0.428 102.300 -0.500
202012 0.933 102.600 1.087
202103 0.054 103.700 0.062
202106 -0.769 104.200 -0.882
202109 0.046 104.900 0.052
202112 0.606 106.600 0.679
202203 -0.311 110.400 -0.337
202206 1.281 112.500 1.361
202209 -0.379 114.200 -0.397
202212 1.222 119.000 1.227
202303 -0.486 118.800 -0.489
202306 0.649 119.700 0.648
202309 0.223 120.300 0.222
202312 -0.068 119.500 -0.068

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.


Natuzzi SPA  (NYSE:NTZ) 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.


Natuzzi SPA Cyclically Adjusted Price-to-FCF Related Terms

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Natuzzi SPA (Natuzzi SPA) Business Description

Traded in Other Exchanges
N/A
Address
Via Iazzitiello 47, Santeramo in Colle, Bari, ITA, 70029
Natuzzi SPA is an Italian firm that designs, manufactures, and sells contemporary and traditional leather and fabric-upholstered furniture. Its product portfolio including sofas, loveseats, armchairs, sectional furniture, motion furniture and sofa beds, living room furnishings, and accessories. The company markets its products under several brands such as Natuzzi Italia, Private label, and Natuzzi Editions. Geographically, it derives a majority of revenue from the United States of America and also has an international presence in Italy, Spain, UK, Spain, Spain and Other countries.