Enterprise Value to FCFF (EV/FCFF)
Free Cash Flow to The Firm (FCFF)
Union Pacific Corp., FCFF 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).
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Union Pacific Corp. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Union Pacific Corp. FCFF decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
Interest Paid, Net of Tax
Union Pacific Corp., interest paid, net of tax 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).
2 2024 Calculation
Cash paid during the year for interest, net of amounts capitalized, tax = Cash paid during the year for interest, net of amounts capitalized × EITR
= 1,260 × 23.30% = 294
Enterprise Value to FCFF Ratio, Current
Union Pacific Corp., current EV/FCFF calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 162,986) |
| Free cash flow to the firm (FCFF) | 6,860) |
| Valuation Ratio | |
| EV/FCFF | 23.76 |
| Benchmarks | |
| EV/FCFF, Competitors1 | |
| FedEx Corp. | 17.15 |
| Uber Technologies Inc. | 21.64 |
| United Airlines Holdings Inc. | 7.53 |
| United Parcel Service Inc. | 14.06 |
| EV/FCFF, Sector | |
| Transportation | 16.82 |
| EV/FCFF, Industry | |
| Industrials | 28.98 |
Based on: 10-K (reporting date: 2024-12-31).
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.
Enterprise Value to FCFF Ratio, Historical
Union Pacific Corp., historical EV/FCFF calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 176,462) | 183,633) | 158,093) | 183,147) | 161,709) | |
| Free cash flow to the firm (FCFF)2 | 6,860) | 5,756) | 6,633) | 6,932) | 6,417) | |
| Valuation Ratio | ||||||
| EV/FCFF3 | 25.72 | 31.90 | 23.83 | 26.42 | 25.20 | |
| Benchmarks | ||||||
| EV/FCFF, Competitors4 | ||||||
| FedEx Corp. | 23.54 | 23.94 | 19.13 | 18.72 | — | |
| Uber Technologies Inc. | 23.26 | 46.69 | 136.28 | — | — | |
| United Airlines Holdings Inc. | 9.18 | 56.36 | 11.88 | 79.24 | — | |
| United Parcel Service Inc. | 16.29 | 24.78 | 16.63 | 16.95 | 28.23 | |
| EV/FCFF, Sector | ||||||
| Transportation | 19.18 | 32.04 | 21.76 | 24.81 | 184.17 | |
| EV/FCFF, Industry | ||||||
| Industrials | 31.37 | 25.93 | 24.30 | 28.80 | 189.49 | |
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).
3 2024 Calculation
EV/FCFF = EV ÷ FCFF
= 176,462 ÷ 6,860 = 25.72
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/FCFF | Enterprise value to free cash flow to the firm is whole company valuation indicator. | Union Pacific Corp. EV/FCFF ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level. |