Enterprise Value to FCFF (EV/FCFF)
Free Cash Flow to The Firm (FCFF)
Ulta Beauty Inc., FCFF calculation
US$ in thousands
Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Ulta Beauty Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Ulta Beauty Inc. FCFF increased from 2021 to 2022 and from 2022 to 2023. |
Interest Paid, Net of Tax
Ulta Beauty Inc., interest paid, net of tax calculation
US$ in thousands
Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).
2 2023 Calculation
Cash paid for interest, tax = Cash paid for interest × EITR
= 2,138 × 24.40% = 522
Enterprise Value to FCFF Ratio, Current
Ulta Beauty Inc., current EV/FCFF calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 20,073,042) |
| Free cash flow to the firm (FCFF) | 1,171,405) |
| Valuation Ratio | |
| EV/FCFF | 17.14 |
| Benchmarks | |
| EV/FCFF, Competitors1 | |
| Amazon.com Inc. | 49.47 |
| GameStop Corp. | — |
| Home Depot Inc. | 20.12 |
| Lowe’s Cos. Inc. | 22.90 |
| TJX Cos. Inc. | 25.22 |
| EV/FCFF, Sector | |
| Consumer Discretionary Distribution & Retail | 42.15 |
| EV/FCFF, Industry | |
| Consumer Discretionary | 33.74 |
Based on: 10-K (reporting date: 2023-01-28).
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
Ulta Beauty Inc., historical EV/FCFF calculation, comparison to benchmarks
| Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Enterprise value (EV)1 | 25,061,395) | 20,241,372) | 15,984,243) | 9,320,863) | 20,013,289) | 11,990,299) | |
| Free cash flow to the firm (FCFF)2 | 1,171,405) | 888,700) | 663,806) | 802,759) | 636,727) | 338,652) | |
| Valuation Ratio | |||||||
| EV/FCFF3 | 21.39 | 22.78 | 24.08 | 11.61 | 31.43 | 35.41 | |
| Benchmarks | |||||||
| EV/FCFF, Competitors4 | |||||||
| Amazon.com Inc. | 45.92 | — | — | 78.83 | 74.39 | — | |
| GameStop Corp. | 104.91 | — | 67.82 | — | 0.85 | — | |
| Home Depot Inc. | 27.17 | 25.12 | 20.22 | 19.11 | 21.30 | — | |
| Lowe’s Cos. Inc. | 19.56 | 19.56 | 14.88 | 20.95 | 18.88 | — | |
| TJX Cos. Inc. | 31.93 | 33.03 | 18.30 | 19.08 | 21.16 | — | |
| EV/FCFF, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 38.39 | 115.12 | 129.29 | 51.97 | 42.13 | — | |
| EV/FCFF, Industry | |||||||
| Consumer Discretionary | 32.74 | 50.67 | 59.80 | 45.99 | 30.48 | — | |
Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).
3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= 25,061,395 ÷ 1,171,405 = 21.39
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. | Ulta Beauty Inc. EV/FCFF ratio decreased from 2021 to 2022 and from 2022 to 2023. |