Stock Analysis on Net
Stock Analysis on Net

General Motors Co. (NYSE:GM)

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

General Motors Co., FCFE calculation

US$ in millions

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12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income attributable to stockholders 6,008 10,127 9,934 10,019 6,427
Net loss attributable to noncontrolling interests (45) (287) (226) (74) (106)
Net noncash charges 15,695 9,268 9,312 8,609 10,748
Change in other operating assets and liabilities (1,529) 1,822 (2,977) (3,366) (399)
Net cash provided by operating activities 20,129 20,930 16,043 15,188 16,670
Expenditures for property (10,830) (10,970) (9,238) (7,509) (5,300)
Purchases of leased vehicles (15,279) (13,640) (11,949) (14,602) (15,233)
Proceeds from termination of leased vehicles 10,892 13,033 14,234 14,393 13,399
Net increase (decrease) in short-term debt 128 (156) 373 2,912 277
Proceeds from issuance of debt, original maturities greater than three months 53,435 50,963 45,813 45,300 78,527
Payments on debt, original maturities greater than three months (43,399) (44,675) (39,606) (47,806) (72,663)
Free cash flow to equity (FCFE) 15,076 15,485 15,670 7,876 15,677

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to General Motors Co. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. General Motors Co. FCFE decreased from 2022 to 2023 and from 2023 to 2024.

Price to FCFE Ratio, Current

General Motors Co., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 995,001,891
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 15,076
FCFE per share 15.15
Current share price (P) 47.89
Valuation Ratio
P/FCFE 3.16
Benchmarks
P/FCFE, Competitors1
Ford Motor Co. 2.06
Tesla Inc. 177.20
P/FCFE, Sector
Automobiles & Components 33.31
P/FCFE, Industry
Consumer Discretionary 41.10

Based on: 10-K (reporting date: 2024-12-31).

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

General Motors Co., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
No. shares of common stock outstanding1 995,001,891 1,154,433,287 1,394,637,226 1,453,021,337 1,440,912,820
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 15,076 15,485 15,670 7,876 15,677
FCFE per share3 15.15 13.41 11.24 5.42 10.88
Share price1, 4 50.04 38.15 39.32 53.50 54.88
Valuation Ratio
P/FCFE5 3.30 2.84 3.50 9.87 5.04
Benchmarks
P/FCFE, Competitors6
Ford Motor Co. 2.03 3.43 10.02 — 2.12
Tesla Inc. 200.14 94.35 148.49 — 2,938.89
P/FCFE, Sector
Automobiles & Components — 19.12 26.63 — 25.38
P/FCFE, Industry
Consumer Discretionary — 30.84 36.19 82.92 32.04

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 15,076,000,000 ÷ 995,001,891 = 15.15

4 Closing price as at the filing date of General Motors Co. Annual Report.

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 50.04 ÷ 15.15 = 3.30

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. General Motors Co. P/FCFE ratio decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.