Stock Analysis on Net
Stock Analysis on Net

Palantir Technologies Inc. (NASDAQ:PLTR)

Price to FCFE (P/FCFE)

Microsoft Excel

Free Cash Flow to Equity (FCFE)

Palantir Technologies Inc., FCFE calculation

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) attributable to common stockholders 462,190 209,825 (373,705) (520,379) (1,166,391)
Net income attributable to noncontrolling interests 5,728 7,550 2,611 — —
Net noncash charges 756,044 488,572 856,048 946,282 1,303,517
Changes in operating assets and liabilities, net of effect of acquisitions (70,097) 6,236 (261,217) (92,052) (433,734)
Net cash provided by (used in) operating activities 1,153,865 712,183 223,737 333,851 (296,608)
Purchases of property and equipment (12,634) (15,114) (40,027) (12,627) (12,236)
Proceeds from issuance of debt, net of borrowing costs — — — — 199,369
Principal payments on borrowings — — — (200,000) (400,000)
Free cash flow to equity (FCFE) 1,141,231 697,069 183,710 121,224 (509,475)

Based on: 10-K (reporting date: 2024-12-31), 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).

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

Price to FCFE Ratio, Current

Palantir Technologies Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 2,345,356,506
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 1,141,231
FCFE per share 0.49
Current share price (P) 106.27
Valuation Ratio
P/FCFE 218.40
Benchmarks
P/FCFE, Competitors1
Accenture PLC 25.51
Adobe Inc. 20.05
Cadence Design Systems Inc. 64.63
CrowdStrike Holdings Inc. 115.62
International Business Machines Corp. 14.45
Intuit Inc. 35.68
Microsoft Corp. 41.44
Oracle Corp. 60.47
Palo Alto Networks Inc. 63.68
Salesforce Inc. 39.64
ServiceNow Inc. 59.08
Synopsys Inc. 63.16
P/FCFE, Sector
Software & Services 43.50
P/FCFE, Industry
Information Technology 53.76

Based on: 10-K (reporting date: 2024-12-31).

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

Palantir Technologies Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
No. shares of common stock outstanding1 2,345,356,506 2,212,732,992 2,101,387,197 2,030,118,339 1,822,267,548
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 1,141,231 697,069 183,710 121,224 (509,475)
FCFE per share3 0.49 0.32 0.09 0.06 -0.28
Share price1, 4 124.62 23.40 8.47 11.83 23.90
Valuation Ratio
P/FCFE5 256.11 74.28 96.89 198.12 —
Benchmarks
P/FCFE, Competitors6
Accenture PLC 23.91 21.01 17.87 25.76 19.01
Adobe Inc. 18.02 41.83 21.32 34.26 41.36
Cadence Design Systems Inc. — 71.40 33.41 36.31 45.86
CrowdStrike Holdings Inc. 85.82 42.65 99.63 41.38 880.68
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. 61.82 58.19 44.44 64.54 49.83
Synopsys Inc. 63.08 57.04 33.41 40.55 45.07
P/FCFE, Sector
Software & Services — 33.05 30.87 33.78 26.47
P/FCFE, Industry
Information Technology — 33.30 26.87 27.27 23.30

Based on: 10-K (reporting date: 2024-12-31), 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).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 1,141,231,000 ÷ 2,345,356,506 = 0.49

4 Closing price as at the filing date of Palantir Technologies Inc. Annual Report.

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 124.62 ÷ 0.49 = 256.11

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. Palantir Technologies Inc. P/FCFE ratio decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.