Paying users zone. Data is covered by hidden.

  • Get to Adobe Systems Inc. for $17.99, or

  • get to whole website for at least 3 months from $49.99.

Microsoft Excel LibreOffice Calc


Enterprise Value to FCFF (EV/FCFF)

Difficulty: Intermediate


Free Cash Flow to The Firm (FCFF)

Adobe Systems Inc., FCFF calculation

USD $ in thousands

Microsoft Excel LibreOffice Calc
12 months ended Dec 1, 2017 Dec 2, 2016 Nov 27, 2015 Nov 28, 2014 Nov 29, 2013 Nov 30, 2012
Net income hidden hidden hidden hidden hidden hidden
Net noncash charges hidden hidden hidden hidden hidden hidden
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities hidden hidden hidden hidden hidden hidden
Net cash provided by operating activities hidden hidden hidden hidden hidden hidden
Cash paid for interest, net of tax1 hidden hidden hidden hidden hidden hidden
Purchases of property and equipment hidden hidden hidden hidden hidden hidden
Proceeds from sale of property hidden hidden hidden hidden hidden hidden
Free cash flow to the firm (FCFF) hidden hidden hidden hidden hidden hidden
Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Adobe Systems Inc.'s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Adobe Systems Inc.'s FCFF increased from 2015 to 2016 and from 2016 to 2017.

Interest Paid, Net of Tax

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

USD $ in thousands

Microsoft Excel LibreOffice Calc
12 months ended Dec 1, 2017 Dec 2, 2016 Nov 27, 2015 Nov 28, 2014 Nov 29, 2013 Nov 30, 2012
Effective Income Tax Rate (EITR)
EITR1 hidden% hidden% hidden% hidden% hidden% hidden%
Interest Paid, Net of Tax
Cash paid for interest, before tax hidden hidden hidden hidden hidden hidden
Less: Cash paid for interest, tax2 hidden hidden hidden hidden hidden hidden
Cash paid for interest, net of tax hidden hidden hidden hidden hidden hidden

2017 Calculations

2 Cash paid for interest, tax = Cash paid for interest × EITR
= hidden × hidden% = hidden


Enterprise Value to FCFF Ratio, Current

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

Microsoft Excel LibreOffice Calc
Selected Financial Data (USD $ in thousands)
Enterprise value (EV) hidden
Free cash flow to the firm (FCFF) hidden
Ratio
EV/FCFF hidden
Benchmarks
EV/FCFF, Competitors
Alphabet Inc. hidden
Facebook Inc. hidden
International Business Machines Corp. hidden
Microsoft Corp. hidden
Oracle Corp. hidden
salesforce.com inc. hidden
EV/FCFF, Sector
Software & Computer Services hidden
EV/FCFF, Industry
Technology hidden

If company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.

Otherwise, if company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.


Enterprise Value to FCFF Ratio, Historical

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

Microsoft Excel LibreOffice Calc
Dec 1, 2017 Dec 2, 2016 Nov 27, 2015 Nov 28, 2014 Nov 29, 2013 Nov 30, 2012
Selected Financial Data (USD $ in thousands)
Enterprise value (EV)1 hidden hidden hidden hidden hidden hidden
Free cash flow to the firm (FCFF)2 hidden hidden hidden hidden hidden hidden
Ratio
EV/FCFF3 hidden hidden hidden hidden hidden hidden
Benchmarks
EV/FCFF, Competitors
Alphabet Inc. hidden hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden hidden
International Business Machines Corp. hidden hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden hidden
EV/FCFF, Sector
Software & Computer Services hidden hidden hidden hidden hidden hidden
EV/FCFF, Industry
Technology hidden hidden hidden hidden hidden hidden

2017 Calculations

3 EV/FCFF = EV ÷ FCFF
= hidden ÷ hidden = hidden

Ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. Adobe Systems Inc.'s EV/FCFF ratio declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.