Price to FCFE (P/FCFE)
Free Cash Flow to Equity (FCFE)
Advanced Micro Devices Inc., FCFE calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to Advanced Micro Devices Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. | Advanced Micro Devices Inc. FCFE increased from 2021 to 2022 but then decreased significantly from 2022 to 2023. |
Price to FCFE Ratio, Current
Advanced Micro Devices Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | 1,622,807,346 |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | 1,121) |
| FCFE per share | 0.69 |
| Current share price (P) | 119.21 |
| Valuation Ratio | |
| P/FCFE | 172.57 |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Analog Devices Inc. | 28.33 |
| Applied Materials Inc. | 16.47 |
| Broadcom Inc. | 26.03 |
| First Solar Inc. | — |
| Intel Corp. | — |
| KLA Corp. | 22.35 |
| Lam Research Corp. | 23.10 |
| Micron Technology Inc. | — |
| Monolithic Power Systems Inc. | 49.84 |
| NVIDIA Corp. | 128.00 |
| Qualcomm Inc. | 16.41 |
| Texas Instruments Inc. | 44.29 |
| P/FCFE, Sector | |
| Semiconductors & Semiconductor Equipment | 114.97 |
| P/FCFE, Industry | |
| Information Technology | 53.73 |
Based on: 10-K (reporting date: 2023-12-30).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Advanced Micro Devices Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 1,615,786,841 | 1,611,388,217 | 1,199,303,422 | 1,211,280,009 | 1,169,661,536 | |
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in millions)2 | 1,121) | 3,794) | 3,220) | 777) | (197) | |
| FCFE per share3 | 0.69 | 2.35 | 2.68 | 0.64 | -0.17 | |
| Share price1, 4 | 167.69 | 78.77 | 120.08 | 85.64 | 49.45 | |
| Valuation Ratio | ||||||
| P/FCFE5 | 241.70 | 33.46 | 44.72 | 133.51 | — | |
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Analog Devices Inc. | 22.28 | 24.14 | 34.67 | 33.98 | 37.52 | |
| Applied Materials Inc. | 17.53 | 19.17 | 27.20 | 23.21 | 19.53 | |
| Broadcom Inc. | 30.06 | 14.62 | 22.35 | 9.16 | 5.64 | |
| First Solar Inc. | — | 61.91 | — | — | — | |
| Intel Corp. | — | — | 14.25 | 8.57 | 16.55 | |
| KLA Corp. | 26.78 | 9.01 | 28.05 | 19.15 | 9.84 | |
| Lam Research Corp. | 18.67 | 24.95 | 34.58 | 16.89 | 6.14 | |
| Micron Technology Inc. | — | 18.66 | 37.24 | 81.71 | 13.92 | |
| Monolithic Power Systems Inc. | 60.34 | 121.66 | 95.13 | 83.64 | 54.53 | |
| NVIDIA Corp. | 151.07 | 54.83 | 35.22 | 44.24 | 30.15 | |
| Qualcomm Inc. | 11.97 | 19.13 | 17.93 | 34.91 | 16.39 | |
| Texas Instruments Inc. | 37.61 | 23.88 | 21.87 | 24.10 | 18.77 | |
| P/FCFE, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 48.44 | 29.45 | 25.31 | 18.07 | 14.34 | |
| P/FCFE, Industry | ||||||
| Information Technology | 33.63 | 26.79 | 27.64 | 23.72 | 19.16 | |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 Data adjusted for splits and stock dividends.
3 2023 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 1,121,000,000 ÷ 1,615,786,841 = 0.69
4 Closing price as at the filing date of Advanced Micro Devices Inc. Annual Report.
5 2023 Calculation
P/FCFE = Share price ÷ FCFE per share
= 167.69 ÷ 0.69 = 241.70
6 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/FCFE | Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. | Advanced Micro Devices Inc. P/FCFE ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level. |