Stock Analysis on Net

DuPont de Nemours Inc. (NYSE:DD)

This company has been moved to the archive! The financial data has not been updated since February 14, 2020.

Enterprise Value to FCFF (EV/FCFF) 

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Free Cash Flow to The Firm (FCFF)

DuPont de Nemours Inc., FCFF calculation

US$ in millions

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net income attributable to DuPont 498 3,844 1,460 4,318 7,685
Net income attributable to noncontrolling interests 102 155 132 86 98
Net noncash charges 4,789 6,021 5,447 322 (2,194)
Changes in assets and liabilities, net of effects of acquired and divested companies (3,980) (5,289) 1,656 752 1,927
Cash provided by operating activities 1,409 4,731 8,695 5,478 7,516
Cash paid during the year for interest, net of amounts capitalized, net of tax1 766 1,540 614 1,190 891
Capital expenditures (2,472) (3,837) (3,570) (3,804) (3,703)
Investment in gas field developments (25) (114) (121) (113)
Purchases of previously leased assets (26) (187) (46)
Free cash flow to the firm (FCFF) (322) 2,294 5,431 2,751 4,658

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the DuPont de Nemours Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. DuPont de Nemours Inc. FCFF decreased from 2017 to 2018 and from 2018 to 2019.

Interest Paid, Net of Tax

DuPont de Nemours Inc., interest paid, net of tax calculation

US$ in millions

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Effective Income Tax Rate (EITR)
EITR1 21.00% 27.20% 51.00% 0.20% 21.60%
Interest Paid, Net of Tax
Cash paid during the year for interest, net of amounts capitalized, before tax 969 2,116 1,254 1,192 1,137
Less: Cash paid during the year for interest, net of amounts capitalized, tax2 203 576 640 2 246
Cash paid during the year for interest, net of amounts capitalized, net of tax 766 1,540 614 1,190 891

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 See details »

2 2019 Calculation
Cash paid during the year for interest, net of amounts capitalized, tax = Cash paid during the year for interest, net of amounts capitalized × EITR
= 969 × 21.00% = 203


Enterprise Value to FCFF Ratio, Current

DuPont de Nemours Inc., current EV/FCFF calculation, comparison to benchmarks

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Selected Financial Data (US$ in millions)
Enterprise value (EV) 55,738
Free cash flow to the firm (FCFF) (322)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Linde plc 39.97
EV/FCFF, Industry
Materials 165.34

Based on: 10-K (reporting date: 2019-12-31).

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

DuPont de Nemours Inc., historical EV/FCFF calculation, comparison to benchmarks

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 55,738 67,539 77,054 40,369 30,575
Free cash flow to the firm (FCFF)2 (322) 2,294 5,431 2,751 4,658
Valuation Ratio
EV/FCFF3 29.44 14.19 14.68 6.56
Benchmarks
EV/FCFF, Competitors4
Linde plc 44.72
EV/FCFF, Industry
Materials 79.74

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 See details »

2 See details »

3 2019 Calculation
EV/FCFF = EV ÷ FCFF
= 55,738 ÷ -322 =

4 Click competitor name to see calculations.