Stock Analysis on Net

Paramount Global (NASDAQ:PARA)

This company has been moved to the archive! The financial data has not been updated since May 4, 2023.

Price to FCFE (P/FCFE) 

Microsoft Excel

Free Cash Flow to Equity (FCFE)

Paramount Global, FCFE calculation

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net earnings attributable to Paramount 1,104 4,543 2,422 3,308 1,960
Net earnings attributable to noncontrolling interests 110 88 279 31
Net noncash charges 15,323 11,696 11,494 11,928 472
Change in assets and liabilities (16,679) (15,492) (11,980) (14,037) (1,007)
Net cash flow provided by (used for) operating activities (142) 835 2,215 1,230 1,425
Capital expenditures (358) (354) (324) (353) (165)
Proceeds from (repayments of) commercial paper borrowings, net (698) 25 (5)
Proceeds from issuance of debt 1,138 58 4,375 492
Repayment of debt (3,140) (2,230) (2,909) (910)
Free cash flow to equity (FCFE) (2,502) (1,691) 2,659 484 1,255

Based on: 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), 10-K (reporting date: 2018-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Paramount Global equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Paramount Global FCFE decreased from 2020 to 2021 and from 2021 to 2022.

Price to FCFE Ratio, Current

Paramount Global, current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 651,557,231
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) (2,502)
FCFE per share -3.84
Current share price (P) 16.40
Valuation Ratio
P/FCFE
Benchmarks
P/FCFE, Competitors1
Alphabet Inc. 31.58
Comcast Corp. 11.47
Meta Platforms Inc. 27.74
Netflix Inc. 54.55
Walt Disney Co. 28.90
P/FCFE, Sector
Media & Entertainment 43.97
P/FCFE, Industry
Communication Services 55.88

Based on: 10-K (reporting date: 2022-12-31).

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

Paramount Global, historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 650,516,853 648,584,674 619,606,133 613,739,990 372,969,983
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 (2,502) (1,691) 2,659 484 1,255
FCFE per share3 -3.85 -2.61 4.29 0.79 3.36
Share price1, 4 23.50 35.99 65.60 29.29 50.64
Valuation Ratio
P/FCFE5 15.29 37.14 15.05
Benchmarks
P/FCFE, Competitors6
Alphabet Inc. 22.91 29.75 26.58 32.39
Comcast Corp. 12.26 27.57 18.17 64.70
Meta Platforms Inc. 17.26 16.84 32.77 28.91
Netflix Inc. 176.91 81.38 116.48
Walt Disney Co. 18.20 55.35
P/FCFE, Sector
Media & Entertainment 23.67 29.77 27.24 36.47
P/FCFE, Industry
Communication Services 31.82 26.52 20.51 33.69

Based on: 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), 10-K (reporting date: 2018-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2022 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= -2,502,000,000 ÷ 650,516,853 = -3.85

4 Closing price as at the filing date of Paramount Global Annual Report.

5 2022 Calculation
P/FCFE = Share price ÷ FCFE per share
= 23.50 ÷ -3.85 =

6 Click competitor name to see calculations.