Enterprise Value to FCFF (EV/FCFF)
Free Cash Flow to The Firm (FCFF)
Western Digital Corp., FCFF calculation
US$ in millions
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Western Digital Corp. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Western Digital Corp. FCFF decreased from 2021 to 2022 and from 2022 to 2023. |
Interest Paid, Net of Tax
Western Digital Corp., interest paid, net of tax calculation
US$ in millions
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
2 2023 Calculation
Cash paid for interest, tax = Cash paid for interest × EITR
= 294 × 21.00% = 62
Enterprise Value to FCFF Ratio, Current
Western Digital Corp., current EV/FCFF calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 24,601) |
| Free cash flow to the firm (FCFF) | (983) |
| Valuation Ratio | |
| EV/FCFF | — |
| Benchmarks | |
| EV/FCFF, Competitors1 | |
| Apple Inc. | 32.32 |
| Arista Networks Inc. | 61.52 |
| Cisco Systems Inc. | 23.01 |
| Super Micro Computer Inc. | 30.38 |
| EV/FCFF, Sector | |
| Technology Hardware & Equipment | 31.11 |
| EV/FCFF, Industry | |
| Information Technology | 52.75 |
Based on: 10-K (reporting date: 2023-06-30).
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
Western Digital Corp., historical EV/FCFF calculation, comparison to benchmarks
| Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Enterprise value (EV)1 | 18,934) | 19,762) | 24,880) | 17,975) | 22,655) | 24,758) | |
| Free cash flow to the firm (FCFF)2 | (983) | 947) | 1,147) | 471) | 1,130) | 3,623) | |
| Valuation Ratio | |||||||
| EV/FCFF3 | — | 20.87 | 21.69 | 38.17 | 20.04 | 6.83 | |
| Benchmarks | |||||||
| EV/FCFF, Competitors4 | |||||||
| Apple Inc. | 27.21 | 22.40 | 26.45 | 24.67 | 18.01 | — | |
| Arista Networks Inc. | 39.01 | 89.96 | 38.46 | 28.99 | 15.17 | — | |
| Cisco Systems Inc. | 10.98 | 13.55 | 15.50 | 10.47 | 12.58 | — | |
| Super Micro Computer Inc. | 21.06 | — | 25.04 | — | 3.79 | 18.14 | |
| EV/FCFF, Sector | |||||||
| Technology Hardware & Equipment | 24.85 | 21.85 | 25.07 | 22.39 | 16.86 | — | |
| EV/FCFF, Industry | |||||||
| Information Technology | 34.32 | 27.25 | 28.19 | 24.28 | 19.87 | — | |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).
3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= 18,934 ÷ -983 = —
4 Click competitor name to see calculations.