Stock Analysis on Net
Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

Price to FCFE (P/FCFE)

Microsoft Excel

Free Cash Flow to Equity (FCFE)

CrowdStrike Holdings Inc., FCFE calculation

US$ in thousands

Microsoft Excel
12 months ended: Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Net income (loss) attributable to CrowdStrike 89,327 (183,245) (234,802) (92,629) (141,779)
Net income attributable to non-controlling interest 1,258 960 2,424 — —
Net noncash charges 1,024,096 802,851 485,439 262,676 143,014
Changes in operating assets and liabilities, net of impact of acquisitions 51,526 320,441 321,723 186,519 98,708
Net cash provided by operating activities 1,166,207 941,007 574,784 356,566 99,943
Purchases of property and equipment (176,529) (235,019) (112,143) (52,799) (80,198)
Capitalized internal-use software and website development costs (49,457) (29,095) (20,866) (10,864) (7,289)
Purchases of intangible assets (11,126) (2,323) (680) (180) —
Payments of debt issuance costs related to revolving line of credit — — (219) (3,328) —
Payments of debt issuance costs related to Senior Notes — — (1,581) — —
Proceeds from issuance of Senior Notes, net of debt financing costs — — — 739,569 —
Repayment of loan payable — (1,591) — — —
Free cash flow to equity (FCFE) 929,095 672,979 439,295 1,028,964 12,456

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to CrowdStrike Holdings 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. CrowdStrike Holdings Inc. FCFE increased from 2022 to 2023 and from 2023 to 2024.

Price to FCFE Ratio, Current

CrowdStrike Holdings Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 245,126,420
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 929,095
FCFE per share 3.79
Current share price (P) 246.39
Valuation Ratio
P/FCFE 65.01
Benchmarks
P/FCFE, Competitors1
Accenture PLC 23.43
Adobe Inc. 38.78
Autodesk Inc. 42.99
Cadence Design Systems Inc. 59.11
International Business Machines Corp. 10.92
Intuit Inc. 37.93
Microsoft Corp. 40.00
Oracle Corp. 48.01
Palo Alto Networks Inc. 52.90
Salesforce Inc. 30.34
ServiceNow Inc. 62.85
Synopsys Inc. 47.17
P/FCFE, Sector
Software & Services 38.43
P/FCFE, Industry
Information Technology 45.41

Based on: 10-K (reporting date: 2024-01-31).

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

CrowdStrike Holdings Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
No. shares of common stock outstanding1 241,868,658 235,863,985 230,767,860 223,876,229 213,213,015
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 929,095 672,979 439,295 1,028,964 12,456
FCFE per share3 3.84 2.85 1.90 4.60 0.06
Share price1, 4 329.68 121.68 189.66 190.21 51.45
Valuation Ratio
P/FCFE5 85.82 42.65 99.63 41.38 880.68
Benchmarks
P/FCFE, Competitors6
Accenture PLC — 21.03 17.91 25.76 19.01
Adobe Inc. — 41.83 21.32 34.26 41.36
Autodesk Inc. 37.55 25.55 16.66 64.43 24.07
Cadence Design Systems Inc. — 71.40 33.41 36.31 45.86
International Business Machines Corp. — 9.97 11.97 48.45 9.43
Intuit Inc. 38.43 38.74 13.86 86.74 17.36
Microsoft Corp. 42.11 43.32 36.73 42.54 42.74
Oracle Corp. 48.38 15.47 — 8.36 6.27
Palo Alto Networks Inc. 52.90 79.75 29.54 32.91 8.11
Salesforce Inc. 38.33 31.06 16.56 49.52 50.40
ServiceNow Inc. — 58.13 44.44 64.54 49.83
Synopsys Inc. — 57.04 33.41 40.55 45.07
P/FCFE, Sector
Software & Services — 32.73 30.44 33.85 25.89
P/FCFE, Industry
Information Technology — 33.47 26.69 27.52 23.46

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 929,095,000 ÷ 241,868,658 = 3.84

4 Closing price as at the filing date of CrowdStrike Holdings Inc. Annual Report.

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 329.68 ÷ 3.84 = 85.82

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. CrowdStrike Holdings Inc. P/FCFE ratio decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.