Stock Analysis on Net
Stock Analysis on Net

Roper Technologies Inc. (NASDAQ:ROP)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Enterprise Value to FCFF (EV/FCFF) 

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Free Cash Flow to The Firm (FCFF)

Roper Technologies Inc., FCFF calculation

US$ in thousands

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net earnings 4,544,700 1,152,600 949,700 1,767,900 944,400
Net noncash charges (3,953,000) 616,300 378,300 (326,700) 449,600
Changes in operating assets and liabilities, net of acquired businesses 14,900 97,300 197,100 20,600 36,100
Cash provided by operating activities 606,600 1,866,200 1,525,100 1,461,800 1,430,100
Cash paid for interest, net of tax1 158,799 171,761 155,509 136,330 133,172
Capital expenditures (40,100) (32,900) (31,200) (52,700) (49,100)
Capitalized software expenditures (30,200) (29,700) (17,700) (10,200) (9,500)
Free cash flow to the firm (FCFF) 695,099 1,975,361 1,631,709 1,535,230 1,504,672

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).

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Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Roper Technologies Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Roper Technologies Inc. FCFF increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

Interest Paid, Net of Tax

Roper Technologies Inc., interest paid, net of tax calculation

US$ in thousands

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Effective Income Tax Rate (EITR)
EITR1 23.10% 22.70% 21.50% 20.60% 21.20%
Interest Paid, Net of Tax
Cash paid for interest, before tax 206,500 222,200 198,100 171,700 169,000
Less: Cash paid for interest, tax2 47,702 50,439 42,592 35,370 35,828
Cash paid for interest, net of tax 158,799 171,761 155,509 136,330 133,172

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).

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2 2022 Calculation
Cash paid for interest, tax = Cash paid for interest × EITR
= 206,500 × 23.10% = 47,702

Enterprise Value to FCFF Ratio, Current

Roper Technologies Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 58,644,366
Free cash flow to the firm (FCFF) 695,099
Valuation Ratio
EV/FCFF 84.37
Benchmarks
EV/FCFF, Competitors1
Apple Inc. 35.74
Arista Networks Inc. 68.57
Cisco Systems Inc. 23.00
Super Micro Computer Inc. 28.94
EV/FCFF, Sector
Technology Hardware & Equipment 33.90
EV/FCFF, Industry
Information Technology 53.22

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

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

Roper Technologies Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 51,446,203 53,952,121 49,546,610 41,884,369 37,664,445
Free cash flow to the firm (FCFF)2 695,099 1,975,361 1,631,709 1,535,230 1,504,672
Valuation Ratio
EV/FCFF3 74.01 27.31 30.36 27.28 25.03
Benchmarks
EV/FCFF, Competitors4
Apple Inc. 22.40 26.45 24.67 18.01 —
Arista Networks Inc. 89.98 38.47 29.00 15.17 —
Cisco Systems Inc. 13.55 15.50 10.47 12.58 —
Super Micro Computer Inc. — 25.04 — 3.79 18.14
EV/FCFF, Sector
Technology Hardware & Equipment 21.85 25.07 22.39 16.86 —
EV/FCFF, Industry
Information Technology 27.35 28.28 24.52 19.89 —

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).

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2 See details »

3 2022 Calculation
EV/FCFF = EV ÷ FCFF
= 51,446,203 ÷ 695,099 = 74.01

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. Roper Technologies Inc. EV/FCFF ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.