Price to FCFE (P/FCFE)
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Uber Technologies Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2019
- Price to Earnings (P/E) since 2019
- Price to Sales (P/S) since 2019
- Aggregate Accruals
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Free Cash Flow to Equity (FCFE)
Uber Technologies Inc., FCFE calculation
US$ in millions
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).
The financial data reveals a significant positive trend in the company's cash flows over the five-year period. Specifically, the net cash provided by operating activities demonstrated considerable improvement, moving from a substantial negative value to a strong positive surplus.
- Net cash provided by (used in) operating activities
- This metric started at -$2,745 million in 2020, indicating substantial cash outflow from the company's core operations. In 2021, the negative cash flow narrowed significantly to -$445 million. From 2022 onward, the company achieved positive operating cash flow, registering $642 million in 2022, which further increased markedly to $3,585 million in 2023, and then to $7,137 million in 2024. The trend suggests enhanced operational efficiency, improved profitability, or effective working capital management.
- Free cash flow to equity (FCFE)
- The FCFE figures follow a similar positive trajectory, reflecting the company's ability to generate cash available to equity shareholders after accounting for capital expenditures. Starting at a negative $1,484 million in 2020, FCFE turned positive in 2021 at $488 million. Although there was a temporary dip to $206 million in 2022, the free cash flow rebounded substantially to $3,340 million in 2023 and further increased to $6,709 million in 2024.
Overall, the data indicates a pronounced improvement in liquidity and cash generation capability, with operating cash flow recovering first and a strong acceleration in free cash flow to equity following shortly after. This pattern may imply successful strategic initiatives or operational changes implemented during the period, resulting in stronger cash flow generation and enhanced financial health. The progression from negative to increasingly positive cash flow metrics highlights a promising financial trajectory and growing value creation for equity holders.
Price to FCFE Ratio, Current
Uber Technologies Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| FedEx Corp. | |
| Union Pacific Corp. | |
| United Airlines Holdings Inc. | |
| United Parcel Service Inc. | |
| P/FCFE, Sector | |
| Transportation | |
| P/FCFE, Industry | |
| Industrials | |
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
Uber Technologies Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in millions)2 | ||||||
| FCFE per share3 | ||||||
| Share price1, 4 | ||||||
| Valuation Ratio | ||||||
| P/FCFE5 | ||||||
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| FedEx Corp. | ||||||
| Union Pacific Corp. | ||||||
| United Airlines Holdings Inc. | ||||||
| United Parcel Service Inc. | ||||||
| P/FCFE, Sector | ||||||
| Transportation | ||||||
| P/FCFE, Industry | ||||||
| Industrials | ||||||
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.
3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of Uber Technologies Inc. Annual Report.
5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
6 Click competitor name to see calculations.
The financial data reveals several key trends in the company's market valuation and financial performance over the five-year period ending December 31, 2024.
- Share Price
- The share price experienced a significant decline from $54.40 in 2020 to approximately $34 in both 2021 and 2022. Following this period of relative stagnation at the lower price level, there was a marked recovery in 2023, with the share price more than doubling to over $81, before slightly decreasing to $79.42 in 2024. This pattern indicates initial market challenges followed by renewed investor confidence and increased market valuation.
- Free Cash Flow to Equity (FCFE) per Share
- FCFE per share started negative at -$0.80 in 2020, indicating cash outflows to equity holders that year. In 2021 and 2022, the figure turned positive but remained low at $0.25 and $0.10 respectively, reflecting marginal free cash flow generation. From 2023 onwards, there was a strong upward trend, with FCFE per share increasing to $1.61 and further to $3.21 in 2024. This positive trajectory suggests improving operational cash generation capacity and potentially greater financial health and sustainability.
- Price to FCFE Ratio (P/FCFE)
- The price to FCFE ratio, which measures market price relative to cash flow available to equity shareholders, was unavailable in 2020. It peaked sharply at very high levels in 2021 (approximately 140) and even higher in 2022 (approximately 334), indicating that the stock was trading at a substantial premium relative to its free cash flow generation in those years. This premium declined significantly in the subsequent years, dropping to around 51 in 2023 and further to approximately 25 in 2024. The decreasing P/FCFE ratio alongside rising FCFE per share suggests that, while the stock price increased, the growth in free cash flow was proportionally greater, leading to a more reasonable valuation based on this metric.
In summary, the data indicates that after an initial period of subdued performance and valuation, the company demonstrated notable improvement in cash flow generation beginning in 2023. This improvement was accompanied by a recovery and stabilization of the share price. The decreasing P/FCFE ratio during the latter years points to increased market efficiency in pricing the company's improved financial performance. Overall, the trends suggest strengthening financial fundamentals and a more balanced market valuation in the most recent years.