Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

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Enterprise Value to FCFF (EV/FCFF)

Microsoft Excel

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Free Cash Flow to The Firm (FCFF)

Cisco Systems Inc., FCFF calculation

US$ in millions

Microsoft Excel
12 months ended: Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019 Jul 28, 2018
Net income
Net noncash charges
Change in operating assets and liabilities, net of effects of acquisitions and divestitures
Net cash provided by operating activities
Cash paid for interest, net of tax1
Acquisition of property and equipment
Proceeds from sales of property and equipment
Free cash flow to the firm (FCFF)

Based on: 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Cisco Systems Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Cisco Systems Inc. FCFF decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Interest Paid, Net of Tax

Cisco Systems Inc., interest paid, net of tax calculation

US$ in millions

Microsoft Excel
12 months ended: Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019 Jul 28, 2018
Effective Income Tax Rate (EITR)
EITR1
Interest Paid, Net of Tax
Cash paid for interest, before tax
Less: Cash paid for interest, tax2
Cash paid for interest, net of tax

Based on: 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28).

1 See details »

2 2023 Calculation
Cash paid for interest, tax = Cash paid for interest × EITR
= × =


Enterprise Value to FCFF Ratio, Current

Cisco Systems Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV)
Free cash flow to the firm (FCFF)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Apple Inc.
Arista Networks Inc.
Super Micro Computer Inc.
EV/FCFF, Sector
Technology Hardware & Equipment
EV/FCFF, Industry
Information Technology

Based on: 10-K (reporting date: 2023-07-29).

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

Cisco Systems Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019 Jul 28, 2018
Selected Financial Data (US$ in millions)
Enterprise value (EV)1
Free cash flow to the firm (FCFF)2
Valuation Ratio
EV/FCFF3
Benchmarks
EV/FCFF, Competitors4
Apple Inc.
Arista Networks Inc.
Super Micro Computer Inc.
EV/FCFF, Sector
Technology Hardware & Equipment
EV/FCFF, Industry
Information Technology

Based on: 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27), 10-K (reporting date: 2018-07-28).

1 See details »

2 See details »

3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =

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. Cisco Systems Inc. EV/FCFF ratio decreased from 2021 to 2022 and from 2022 to 2023.