Enterprise Value to FCFF (EV/FCFF)
Free Cash Flow to The Firm (FCFF)
Monolithic Power Systems Inc., FCFF calculation
US$ in thousands
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Monolithic Power Systems Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Monolithic Power Systems Inc. FCFF decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level. |
Interest Paid, Net of Tax
Monolithic Power Systems Inc., interest paid, net of tax calculation
US$ in thousands
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
2 2023 Calculation
Interest paid, tax = Interest paid × EITR
= 0 × 15.50% = 0
Enterprise Value to FCFF Ratio, Current
Monolithic Power Systems Inc., current EV/FCFF calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 27,795,590) |
| Free cash flow to the firm (FCFF) | 580,635) |
| Valuation Ratio | |
| EV/FCFF | 47.87 |
| Benchmarks | |
| EV/FCFF, Competitors1 | |
| Advanced Micro Devices Inc. | 160.15 |
| Analog Devices Inc. | 32.75 |
| Applied Materials Inc. | 16.94 |
| Broadcom Inc. | 51.00 |
| First Solar Inc. | — |
| Intel Corp. | — |
| KLA Corp. | 26.39 |
| Lam Research Corp. | 21.89 |
| Micron Technology Inc. | 180.99 |
| NVIDIA Corp. | 120.49 |
| Qualcomm Inc. | 14.38 |
| Texas Instruments Inc. | 106.15 |
| EV/FCFF, Sector | |
| Semiconductors & Semiconductor Equipment | 144.56 |
| EV/FCFF, Industry | |
| Information Technology | 54.75 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.
Enterprise Value to FCFF Ratio, Historical
Monolithic Power Systems Inc., historical EV/FCFF calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | 33,896,186) | 22,113,280) | 20,736,031) | 17,153,737) | 6,620,264) | |
| Free cash flow to the firm (FCFF)2 | 580,635) | 187,831) | 225,590) | 212,193) | 129,765) | |
| Valuation Ratio | ||||||
| EV/FCFF3 | 58.38 | 117.73 | 91.92 | 80.84 | 51.02 | |
| Benchmarks | ||||||
| EV/FCFF, Competitors4 | ||||||
| Advanced Micro Devices Inc. | 225.41 | 38.82 | 43.41 | 126.98 | 169.58 | |
| Analog Devices Inc. | 25.61 | 23.12 | 39.16 | 27.12 | 21.67 | |
| Applied Materials Inc. | 17.40 | 19.06 | 26.22 | 22.52 | 18.91 | |
| Broadcom Inc. | 28.53 | 14.74 | 19.47 | 16.54 | 15.04 | |
| First Solar Inc. | — | — | — | — | — | |
| Intel Corp. | — | — | 16.94 | 11.08 | 17.39 | |
| KLA Corp. | 19.99 | 19.05 | 26.29 | 18.70 | 20.92 | |
| Lam Research Corp. | 17.99 | 24.08 | 24.40 | 26.78 | 10.44 | |
| Micron Technology Inc. | — | 16.58 | 28.79 | 188.88 | 13.85 | |
| NVIDIA Corp. | 142.92 | 78.06 | 69.50 | 41.66 | 27.89 | |
| Qualcomm Inc. | 11.61 | 18.18 | 17.47 | 30.89 | 14.91 | |
| Texas Instruments Inc. | 90.39 | 27.05 | 24.23 | 27.67 | 20.75 | |
| EV/FCFF, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 61.85 | 35.60 | 26.59 | 22.41 | 18.45 | |
| EV/FCFF, Industry | ||||||
| Information Technology | 34.45 | 27.35 | 28.28 | 24.52 | 19.89 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= 33,896,186 ÷ 580,635 = 58.38
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/FCFF | Enterprise value to free cash flow to the firm is whole company valuation indicator. | Monolithic Power Systems Inc. EV/FCFF ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023. |