Stock Analysis on Net

Builders FirstSource Inc. (NYSE:BLDR)

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Price to FCFE (P/FCFE) 

Microsoft Excel

Free Cash Flow to Equity (FCFE)

Builders FirstSource Inc., FCFE calculation

US$ in thousands

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net income 2,749,369 1,725,416 313,537 221,809 205,191
Net noncash charges 505,196 539,191 164,063 174,391 164,228
Changes in assets and liabilities, net of assets acquired and liabilities assumed 344,666 (521,058) (217,533) 107,846 (86,589)
Net cash provided by operating activities 3,599,231 1,743,549 260,067 504,046 282,830
Purchases of property, plant and equipment (340,152) (227,891) (112,082) (112,870) (101,411)
Proceeds from sale of property, plant and equipment 10,687 13,560 8,500 6,545 4,753
Borrowings under revolving credit facility 5,881,000 3,125,000 891,000 1,040,000 1,662,000
Repayments under revolving credit facility (6,205,000) (2,612,000) (843,000) (1,192,000) (1,833,000)
Proceeds from long-term debt and other loans 1,001,500 1,000,000 895,625 478,375 3,818
Repayments of long-term debt and other loans (616,222) (554,677) (618,542) (610,834) (65,312)
Payments of debt extinguishment costs (20,672) (4,950) (22,686) (2,301) (134)
Payments of loan costs (16,797) (19,450) (13,800) (8,618)
Free cash flow to equity (FCFE) 3,293,575 2,463,141 445,082 102,343 (46,456)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Builders FirstSource 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. Builders FirstSource Inc. FCFE increased from 2020 to 2021 and from 2021 to 2022.

Price to FCFE Ratio, Current

Builders FirstSource Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 123,346,775
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 3,293,575
FCFE per share 26.70
Current share price (P) 117.47
Valuation Ratio
P/FCFE 4.40
Benchmarks
P/FCFE, Competitors1
Boeing Co.
Caterpillar Inc. 15.61
Eaton Corp. plc 38.48
General Electric Co. 265.18
Honeywell International Inc. 27.22
Lockheed Martin Corp. 13.83
RTX Corp. 7.98
P/FCFE, Sector
Capital Goods 31.49
P/FCFE, Industry
Industrials 30.13

Based on: 10-K (reporting date: 2022-12-31).

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

Builders FirstSource Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 138,012,302 176,772,541 206,431,681 116,130,284 115,359,616
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 3,293,575 2,463,141 445,082 102,343 (46,456)
FCFE per share3 23.86 13.93 2.16 0.88 -0.40
Share price1, 4 84.78 73.05 43.27 26.69 14.03
Valuation Ratio
P/FCFE5 3.55 5.24 20.07 30.29
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
General Electric Co. 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 25.07 40.69 26.97

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2022 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 3,293,575,000 ÷ 138,012,302 = 23.86

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

5 2022 Calculation
P/FCFE = Share price ÷ FCFE per share
= 84.78 ÷ 23.86 = 3.55

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. Builders FirstSource Inc. P/FCFE ratio decreased from 2020 to 2021 and from 2021 to 2022.