Stock Analysis on Net

Ecolab Inc. (NYSE:ECL)

This company has been moved to the archive! The financial data has not been updated since February 25, 2022.

Price to FCFE (P/FCFE)

Microsoft Excel

Free Cash Flow to Equity (FCFE)

Ecolab Inc., FCFE calculation

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income (loss) attributable to Ecolab 1,129,900 (1,205,100) 1,558,900 1,429,100 1,508,400
Net income attributable to noncontrolling interest 14,100 17,400 17,300 11,200 14,000
Net noncash charges 917,300 3,138,700 923,900 1,157,200 529,200
Changes in operating assets and liabilities, net of effect of acquisitions 600 (209,200) (79,400) (319,800) 39,700
Cash provided by operating activities 2,061,900 1,741,800 2,420,700 2,277,700 2,091,300
Capital expenditures (643,000) (489,000) (800,600) (847,100) (868,600)
Net issuances (repayments) of commercial paper and notes payable 393,600 (65,500) (252,000) 341,800 (43,700)
Long-term debt borrowings 2,775,000 1,855,900 1,309,400
Long-term debt repayments (1,017,900) (1,570,000) (400,600) (551,600) (799,000)
Debt refinancing (29,400) (77,100)
Free cash flow to equity (FCFE) 3,540,200 1,396,100 967,500 1,220,800 1,689,400

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Ecolab Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Ecolab Inc. FCFE increased from 2019 to 2020 and from 2020 to 2021.

Price to FCFE Ratio, Current

Ecolab Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 286,751,531
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 3,540,200
FCFE per share 12.35
Current share price (P) 180.30
Valuation Ratio
P/FCFE 14.60
Benchmarks
P/FCFE, Competitors1
Linde plc 32.58
P/FCFE, Industry
Materials 24.17

Based on: 10-K (reporting date: 2021-12-31).

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

Ecolab Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 286,751,531 285,849,956 288,166,440 287,853,232 288,858,441
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 3,540,200 1,396,100 967,500 1,220,800 1,689,400
FCFE per share3 12.35 4.88 3.36 4.24 5.85
Share price1, 4 180.30 209.36 180.45 170.16 130.84
Valuation Ratio
P/FCFE5 14.60 42.87 53.75 40.12 22.37
Benchmarks
P/FCFE, Competitors6
Linde plc 24.31 24.61 89.72
P/FCFE, Industry
Materials 18.53 28.92

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 3,540,200,000 ÷ 286,751,531 = 12.35

4 Closing price as at the filing date of Ecolab Inc. Annual Report.

5 2021 Calculation
P/FCFE = Share price ÷ FCFE per share
= 180.30 ÷ 12.35 = 14.60

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. Ecolab Inc. P/FCFE ratio decreased from 2019 to 2020 and from 2020 to 2021.