Free Cash Flow to The Firm (FCFF)
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).
1, 2 See details »
Item | Description | The company |
---|---|---|
FCFF | Free cash flow to the firm is the cash flow available to the AutoZone Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | AutoZone Inc. FCFF decreased from 2021 to 2022 and from 2022 to 2023. |
Interest Paid, Net of Tax
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).
2 2023 Calculation
Interest paid, net of interest cost capitalized, tax = Interest paid, net of interest cost capitalized × EITR
= 260,866 × 20.20% = 52,695
3 2023 Calculation
Capitalized interest, tax = Capitalized interest × EITR
= 1,695 × 20.20% = 342
Enterprise Value to FCFF Ratio, Current
Selected Financial Data (US$ in thousands) | |
Enterprise value (EV) | 54,277,015) |
Free cash flow to the firm (FCFF) | 2,295,339) |
Valuation Ratio | |
EV/FCFF | 23.65 |
Benchmarks | |
EV/FCFF, Competitors1 | |
Amazon.com Inc. | 56.07 |
Home Depot Inc. | 22.48 |
Lowe’s Cos. Inc. | 25.13 |
TJX Cos. Inc. | 29.04 |
EV/FCFF, Sector | |
Consumer Discretionary Distribution & Retail | 47.55 |
EV/FCFF, Industry | |
Consumer Discretionary | 38.95 |
Based on: 10-K (reporting date: 2023-08-26).
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
Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | Aug 25, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Enterprise value (EV)1 | 50,372,161) | 51,816,412) | 42,513,078) | 30,608,029) | 32,538,131) | 23,495,797) | |
Free cash flow to the firm (FCFF)2 | 2,295,339) | 2,579,862) | 2,934,212) | 2,273,995) | 1,607,399) | 1,579,026) | |
Valuation Ratio | |||||||
EV/FCFF3 | 21.95 | 20.08 | 14.49 | 13.46 | 20.24 | 14.88 | |
Benchmarks | |||||||
EV/FCFF, Competitors4 | |||||||
Amazon.com Inc. | 45.92 | — | — | 78.83 | 74.39 | — | |
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 | 38.32 | 111.04 | 130.00 | 51.35 | 42.44 | — | |
EV/FCFF, Industry | |||||||
Consumer Discretionary | 32.71 | 50.20 | 59.78 | 45.72 | 30.57 | — |
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).
3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= 50,372,161 ÷ 2,295,339 = 21.95
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. | AutoZone Inc. EV/FCFF ratio increased from 2021 to 2022 and from 2022 to 2023. |