Stock Analysis on Net

Kraft Heinz Co. (NASDAQ:KHC)

This company has been moved to the archive! The financial data has not been updated since July 31, 2020.

Price to FCFE (P/FCFE) 

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Free Cash Flow to Equity (FCFE)

Kraft Heinz Co., FCFE calculation

US$ in millions

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12 months ended: Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Net income (loss) attributable to Kraft Heinz 1,935 (10,192) 10,999 3,632 634
Net (income) loss attributable to noncontrolling interest (2) (62) (9) 10 13
Net noncash charges 1,852 14,891 (7,068) 567 1,153
Changes in current assets and liabilities (233) (2,063) (3,395) 1,029 667
Net cash provided by operating activities 3,552 2,574 527 5,238 2,467
Capital expenditures (768) (826) (1,217) (1,247) (648)
Repayments of long-term debt (4,795) (2,713) (2,644) (86) (12,314)
Proceeds from issuance of long-term debt 2,967 2,990 1,496 6,981 14,834
Debt prepayment and extinguishment costs (99)
Proceeds from issuance of commercial paper 557 2,784 6,043 6,680
Repayments of commercial paper (557) (3,213) (6,249) (6,043)
Free cash flow to equity (FCFE) 857 1,596 (2,044) 11,523 4,339

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Kraft Heinz Co. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Kraft Heinz Co. FCFE increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.

Price to FCFE Ratio, Current

Kraft Heinz Co., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 1,222,578,592
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 857
FCFE per share 0.70
Current share price (P) 34.38
Valuation Ratio
P/FCFE 49.05
Benchmarks
P/FCFE, Competitors1
Altria Group Inc. 11.13
Coca-Cola Co. 23.24
PepsiCo Inc. 16.89
Philip Morris International Inc. 17.50
P/FCFE, Sector
Food, Beverage & Tobacco 25.06
P/FCFE, Industry
Consumer Staples 29.84

Based on: 10-K (reporting date: 2019-12-28).

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

Kraft Heinz Co., historical P/FCFE calculation, comparison to benchmarks

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Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
No. shares of common stock outstanding1 1,221,399,549 1,219,938,804 1,218,801,890 1,217,136,057 1,215,189,526
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 857 1,596 (2,044) 11,523 4,339
FCFE per share3 0.70 1.31 -1.68 9.47 3.57
Share price1, 4 26.88 28.74 70.80 92.94 77.37
Valuation Ratio
P/FCFE5 38.31 21.97 9.82 21.67
Benchmarks
P/FCFE, Competitors6
Altria Group Inc. 7.97
Coca-Cola Co. 33.31
PepsiCo Inc. 38.90
Philip Morris International Inc. 15.65
P/FCFE, Sector
Food, Beverage & Tobacco 21.35
P/FCFE, Industry
Consumer Staples 18.06

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2019 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 857,000,000 ÷ 1,221,399,549 = 0.70

4 Closing price as at the filing date of Kraft Heinz Co. Annual Report.

5 2019 Calculation
P/FCFE = Share price ÷ FCFE per share
= 26.88 ÷ 0.70 = 38.31

6 Click competitor name to see calculations.