Stock Analysis on Net

Colgate-Palmolive Co. (NYSE:CL)

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

Colgate-Palmolive Co., FCFE calculation

US$ in millions

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net income attributable to Colgate-Palmolive Company 1,785 2,166 2,695 2,367 2,400
Net income attributable to noncontrolling interests 182 172 165 160 158
Net noncash charges 1,315 1,184 478 541 653
Cash effects of changes in assets and liabilities (726) (197) 381 65 (155)
Net cash provided by operations 2,556 3,325 3,719 3,133 3,056
Capital expenditures (696) (567) (410) (335) (436)
Short-term borrowing (repayment) less than 90 days, net 540 (171) 488 296 546
Principal payments on debt (406) (703) (1,085) (1,441) (725)
Proceeds from issuance of debt 1,513 699 2,578
Free cash flow to equity (FCFE) 3,507 2,583 2,712 4,231 2,441

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 Colgate-Palmolive Co. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Colgate-Palmolive Co. FCFE decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Price to FCFE Ratio, Current

Colgate-Palmolive Co., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 826,691,529
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 3,507
FCFE per share 4.24
Current share price (P) 75.62
Valuation Ratio
P/FCFE 17.83
Benchmarks
P/FCFE, Competitors1
Procter & Gamble Co. 22.88
P/FCFE, Industry
Consumer Staples 39.59

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

Colgate-Palmolive Co., historical P/FCFE calculation, comparison to benchmarks

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 830,378,790 840,487,222 848,562,678 855,029,777 861,676,494
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 3,507 2,583 2,712 4,231 2,441
FCFE per share3 4.22 3.07 3.20 4.95 2.83
Share price1, 4 72.77 79.15 78.72 76.27 66.70
Valuation Ratio
P/FCFE5 17.23 25.75 24.63 15.41 23.55
Benchmarks
P/FCFE, Competitors6
Procter & Gamble Co. 22.37 29.39 17.20 25.81 20.74
P/FCFE, Industry
Consumer Staples 34.77 25.41 18.67 20.36

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
= 3,507,000,000 ÷ 830,378,790 = 4.22

4 Closing price as at the filing date of Colgate-Palmolive Co. Annual Report.

5 2022 Calculation
P/FCFE = Share price ÷ FCFE per share
= 72.77 ÷ 4.22 = 17.23

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. Colgate-Palmolive Co. P/FCFE ratio increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.