Stock Analysis on Net
Stock Analysis on Net

Parker-Hannifin Corp. (NYSE:PH)

This company has been moved to the archive! The financial data has not been updated since February 7, 2023.

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

Parker-Hannifin Corp., FCFE calculation

US$ in thousands

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12 months ended: Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018 Jun 30, 2017
Net income attributable to common shareholders 1,315,605 1,746,100 1,206,341 1,512,364 1,060,801 983,412
Noncontrolling interest in subsidiaries’ earnings 581 761 362 567 514 432
Net noncash charges 382,150 535,331 666,043 580,451 587,249 439,829
Changes in assets and liabilities, net of effects from acquisitions 743,394 292,809 198,203 (363,242) (48,277) (121,202)
Net cash provided by operating activities 2,441,730 2,575,001 2,070,949 1,730,140 1,600,287 1,302,471
Capital expenditures (230,044) (209,957) (232,591) (195,089) (247,667) (203,748)
Proceeds from sale of property, plant and equipment 39,353 140,590 26,345 46,592 81,881 14,648
Proceeds from (payments of) notes payable, net 1,422,026 (723,496) 136,744 48,828 4,115 230,499
Proceeds from long-term borrowings 3,598,056 1,213 1,721,211 2,336,749 1,189 2,614,463
Payments for long-term borrowings (18,737) (1,211,748) (740,181) (213,226) (944,629) (381,078)
Free cash flow to equity (FCFE) 7,252,384 571,603 2,982,477 3,753,994 495,176 3,577,255

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Parker-Hannifin 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. Parker-Hannifin Corp. FCFE decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Price to FCFE Ratio, Current

Parker-Hannifin Corp., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 128,266,030
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 7,252,384
FCFE per share 56.54
Current share price (P) 349.02
Valuation Ratio
P/FCFE 6.17
Benchmarks
P/FCFE, Competitors1
Boeing Co. —
Caterpillar Inc. 18.02
Eaton Corp. plc 41.37
GE Aerospace 296.42
Honeywell International Inc. 28.56
Lockheed Martin Corp. 16.17
RTX Corp. 9.32
P/FCFE, Sector
Capital Goods 34.19
P/FCFE, Industry
Industrials 30.59

Based on: 10-K (reporting date: 2022-06-30).

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

Parker-Hannifin Corp., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018 Jun 30, 2017
No. shares of common stock outstanding1 128,402,997 129,101,437 128,561,616 128,441,799 132,360,024 133,129,936
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 7,252,384 571,603 2,982,477 3,753,994 495,176 3,577,255
FCFE per share3 56.48 4.43 23.20 29.23 3.74 26.87
Share price1, 4 285.40 303.51 209.78 158.03 171.53 157.30
Valuation Ratio
P/FCFE5 5.05 68.55 9.04 5.41 45.85 5.85
Benchmarks
P/FCFE, Competitors6
Boeing Co. 120.43 — 6.78 19.60 — —
Caterpillar Inc. 24.03 16.36 25.22 11.07 — —
Eaton Corp. plc 28.68 24.43 25.59 11.12 — —
GE Aerospace 44.45 — — — — —
Honeywell International Inc. 27.59 46.23 12.59 21.75 — —
Lockheed Martin Corp. 11.63 14.65 15.57 28.62 — —
RTX Corp. 26.71 35.07 — 28.09 — —
P/FCFE, Sector
Capital Goods 25.94 — 74.91 27.54 — —
P/FCFE, Industry
Industrials 23.85 — 49.40 28.48 — —

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2022 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 7,252,384,000 ÷ 128,402,997 = 56.48

4 Closing price as at the filing date of Parker-Hannifin Corp. Annual Report.

5 2022 Calculation
P/FCFE = Share price ÷ FCFE per share
= 285.40 ÷ 56.48 = 5.05

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. Parker-Hannifin Corp. P/FCFE ratio increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.