GameStop Corp., FCFF calculation

US$ in thousands

12 months ended:	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Net income (loss)	6,700)	(313,100)	(381,300)	(215,300)	(470,900)	(673,000)
Net noncash charges	85,400)	132,400)	118,200)	158,000)	567,200)	1,014,400)
Changes in operating assets and liabilities	(295,800)	288,900)	(171,200)	181,000)	(510,800)	(16,300)
Net cash flows provided by (used in) operating activities	(203,700)	108,200)	(434,300)	123,700)	(414,500)	325,100)
Cash paid for interest, net of tax¹	1,635)	2,054)	17,641)	26,076)	34,365)	42,265)
Capital expenditures	(34,900)	(55,900)	(62,000)	(60,000)	(78,500)	(93,700)
Proceeds from sale of property and equipment	13,100)	—)	—)	95,500)	—)	—)
Free cash flow to the firm (FCFF)	(223,865)	54,354)	(478,659)	185,276)	(458,635)	273,665)

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

¹ See details »

Download chart

Item	Description	The company
FCFF	Free cash flow to the firm is the cash flow available to the GameStop Corp. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made.	GameStop Corp. FCFF increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.

GameStop Corp., interest paid, net of tax calculation

US$ in thousands

12 months ended:	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Effective Income Tax Rate (EITR)
EITR¹	48.90%	21.00%	3.60%	20.50%	21.00%	21.00%
Interest Paid, Net of Tax
Cash paid for interest, before tax	3,200)	2,600)	18,300)	32,800)	43,500)	53,500)
Less: Cash paid for interest, tax²	1,565)	546)	659)	6,724)	9,135)	11,235)
Cash paid for interest, net of tax	1,635)	2,054)	17,641)	26,076)	34,365)	42,265)

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

¹ See details »

² 2024 Calculation
Cash paid for interest, tax = Cash paid for interest × EITR
= 3,200 × 48.90% = 1,565

Download chart

GameStop Corp., current EV/FCFF calculation, comparison to benchmarks

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	5,622,643)
Free cash flow to the firm (FCFF)	(223,865)
Valuation Ratio
EV/FCFF	—
Benchmarks
EV/FCFF, Competitors¹
Amazon.com Inc.	49.47
Home Depot Inc.	20.12
Lowe’s Cos. Inc.	22.90
TJX Cos. Inc.	25.22
EV/FCFF, Sector
Consumer Discretionary Distribution & Retail	42.15
EV/FCFF, Industry
Consumer Discretionary	33.74

Based on: 10-K (reporting date: 2024-02-03).

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.

GameStop Corp., historical EV/FCFF calculation, comparison to benchmarks

	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019
Selected Financial Data (US$ in thousands)
Enterprise value (EV)¹	3,570,235)	5,702,136)	5,469,679)	12,565,736)	193,702)	231,346)
Free cash flow to the firm (FCFF)²	(223,865)	54,354)	(478,659)	185,276)	(458,635)	273,665)
Valuation Ratio
EV/FCFF³	—	104.91	—	67.82	—	0.85
Benchmarks
EV/FCFF, Competitors⁴
Amazon.com Inc.	—	45.92	—	—	78.83	74.39
Home Depot Inc.	21.94	27.17	25.12	20.22	19.11	21.30
Lowe’s Cos. Inc.	24.69	19.56	19.56	14.88	20.95	18.88
TJX Cos. Inc.	24.44	31.93	33.03	18.30	19.08	21.16
EV/FCFF, Sector
Consumer Discretionary Distribution & Retail	—	38.39	115.12	129.29	51.97	42.13
EV/FCFF, Industry
Consumer Discretionary	—	32.74	50.67	59.80	45.99	30.48

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

¹ See details »

² See details »

³ 2024 Calculation
EV/FCFF = EV ÷ FCFF
= 3,570,235 ÷ -223,865 = —

⁴ Click competitor name to see calculations.

Download chart

GameStop Corp. (NYSE:GME)

Enterprise Value to FCFF (EV/FCFF)

Free Cash Flow to The Firm (FCFF)

Interest Paid, Net of Tax

Enterprise Value to FCFF Ratio, Current

Enterprise Value to FCFF Ratio, Historical