Stock Analysis on Net

PepsiCo Inc. (NASDAQ:PEP)

$24.99

Price to FCFE (P/FCFE)

Microsoft Excel

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Free Cash Flow to Equity (FCFE)

PepsiCo Inc., FCFE calculation

US$ in millions

Microsoft Excel
12 months ended: Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Net income attributable to PepsiCo
Net income attributable to noncontrolling interests
Net noncash charges
Change in assets and liabilities
Net cash provided by operating activities
Capital spending
Sales of property, plant and equipment
Proceeds from issuances of long-term debt
Payments of long-term debt
Debt redemptions/cash tender offers
Short-term borrowings, original maturity more than three months, proceeds
Short-term borrowings, original maturity more than three months, payments
Short-term borrowings, original maturity three months or less, net
Free cash flow to equity (FCFE)

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to PepsiCo Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. PepsiCo Inc. FCFE increased from 2021 to 2022 and from 2022 to 2023.

Price to FCFE Ratio, Current

PepsiCo Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
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
Altria Group Inc.
Coca-Cola Co.
Mondelēz International Inc.
P/FCFE, Sector
Food, Beverage & Tobacco
P/FCFE, Industry
Consumer Staples

Based on: 10-K (reporting date: 2023-12-30).

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

PepsiCo Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
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
Altria Group Inc.
Coca-Cola Co.
Mondelēz International Inc.
P/FCFE, Sector
Food, Beverage & Tobacco
P/FCFE, Industry
Consumer Staples

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2023 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =

4 Closing price as at the filing date of PepsiCo Inc. Annual Report.

5 2023 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =

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. PepsiCo Inc. P/FCFE ratio decreased from 2021 to 2022 and from 2022 to 2023.