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.

Price to FCFE (P/FCFE) 

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Free Cash Flow to Equity (FCFE)

Roper Technologies Inc., FCFE 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
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)
Proceeds from senior notes — — 3,300,000 1,200,000 1,500,000
Payment of senior notes (800,000) (500,000) (600,000) — (1,300,000)
Borrowings (payments) under revolving line of credit, net (470,000) (1,150,000) 1,620,000 (865,000) (405,000)
Debt issuance costs (3,900) — (42,000) (12,100) (13,900)
Redemption premium for debt extinguishment — — — — (15,500)
Free cash flow to equity (FCFE) (737,600) 153,600 5,754,200 1,721,800 1,137,100

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 Roper 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. Roper Technologies Inc. FCFE decreased from 2020 to 2021 and from 2021 to 2022.

Price to FCFE Ratio, Current

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

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No. shares of common stock outstanding 106,822,117
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) (737,600)
FCFE per share -6.90
Current share price (P) 494.05
Valuation Ratio
P/FCFE —
Benchmarks
P/FCFE, Competitors1
Apple Inc. 27.82
Arista Networks Inc. 24.92
Cisco Systems Inc. 7.62
Dell Technologies Inc. 98.90
Super Micro Computer Inc. —
P/FCFE, Sector
Technology Hardware & Equipment 26.26
P/FCFE, Industry
Information Technology 42.95

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

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

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 106,243,275 105,602,835 104,939,597 106,109,664 103,607,782
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 (737,600) 153,600 5,754,200 1,721,800 1,137,100
FCFE per share3 -6.94 1.45 54.83 16.23 10.98
Share price1, 4 428.99 439.21 383.92 351.70 319.35
Valuation Ratio
P/FCFE5 — 301.96 7.00 21.67 29.10
Benchmarks
P/FCFE, Competitors6
Apple Inc. 22.26 23.27 24.40 21.64 —
Arista Networks Inc. 96.72 42.05 32.99 — —
Cisco Systems Inc. 17.18 21.02 38.82 14.85 —
Dell Technologies Inc. 33.54 14.15 5.64 — —
Super Micro Computer Inc. 139.27 13.81 — 7.83 —
P/FCFE, Sector
Technology Hardware & Equipment 22.22 22.84 24.15 — —
P/FCFE, Industry
Information Technology 26.96 27.33 23.40 — —

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
= -737,600,000 ÷ 106,243,275 = -6.94

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

5 2022 Calculation
P/FCFE = Share price ÷ FCFE per share
= 428.99 ÷ -6.94 = —

6 Click competitor name to see calculations.