Price to FCFE (P/FCFE)
Free Cash Flow to Equity (FCFE)
EMC Corp., FCFE calculation
US$ in millions
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to EMC Corp. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. | EMC Corp. FCFE decreased from 2013 to 2014 but then slightly increased from 2014 to 2015. |
Price to FCFE Ratio, Current
EMC Corp., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | 1,956,842,060 |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | 5,212) |
| FCFE per share | 2.66 |
| Current share price (P) | 28.45 |
| Valuation Ratio | |
| P/FCFE | 10.68 |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Advanced Micro Devices Inc. | 76.58 |
| Analog Devices Inc. | 22.20 |
| Applied Materials Inc. | 12.97 |
| Broadcom Inc. | 18.45 |
| Intel Corp. | — |
| KLA Corp. | 21.15 |
| Lam Research Corp. | 19.34 |
| Micron Technology Inc. | — |
| Monolithic Power Systems Inc. | 33.92 |
| NVIDIA Corp. | 39.42 |
| Qualcomm Inc. | 13.32 |
| Texas Instruments Inc. | 34.27 |
Based on: 10-K (reporting date: 2015-12-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
EMC Corp., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 1,947,047,380 | 1,988,086,911 | 2,025,633,308 | 2,104,430,304 | 2,053,084,362 | |
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in millions)2 | 5,212) | 3,370) | 10,929) | 3,313) | 4,401) | |
| FCFE per share3 | 2.68 | 1.70 | 5.40 | 1.57 | 2.14 | |
| Share price1, 4 | 25.93 | 28.94 | 25.68 | 23.28 | 27.52 | |
| Valuation Ratio | ||||||
| P/FCFE5 | 9.69 | 17.07 | 4.76 | 14.79 | 12.84 | |
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Advanced Micro Devices Inc. | — | — | — | — | — | |
| Analog Devices Inc. | — | — | — | — | — | |
| Applied Materials Inc. | — | — | — | — | — | |
| Broadcom Inc. | — | — | — | — | — | |
| Intel Corp. | — | — | — | — | — | |
| KLA Corp. | — | — | — | — | — | |
| Lam Research Corp. | — | — | — | — | — | |
| Micron Technology Inc. | — | — | — | — | — | |
| Monolithic Power Systems Inc. | — | — | — | — | — | |
| NVIDIA Corp. | — | — | — | — | — | |
| Qualcomm Inc. | — | — | — | — | — | |
| Texas Instruments Inc. | — | — | — | — | — | |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
1 Data adjusted for splits and stock dividends.
3 2015 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 5,212,000,000 ÷ 1,947,047,380 = 2.68
4 Closing price as at the filing date of EMC Corp. Annual Report.
5 2015 Calculation
P/FCFE = Share price ÷ FCFE per share
= 25.93 ÷ 2.68 = 9.69
6 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/FCFE | Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. | EMC Corp. P/FCFE ratio increased from 2013 to 2014 but then slightly decreased from 2014 to 2015 not reaching 2013 level. |