Price to FCFE (P/FCFE)
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- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
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Free Cash Flow to Equity (FCFE)
Autodesk Inc., FCFE calculation
US$ in millions
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
- Net cash provided by operating activities
- This metric exhibits significant variability over the analyzed period. Starting at 377 million US dollars in 2019, there is a substantial increase to 1,415 million in 2020, indicating a strong improvement in cash generation from core operations. The value then stabilizes somewhat, with minor incremental rises to 1,437 million in 2021 and 1,531 million in 2022. A notable peak occurs in 2023, reaching 2,071 million, the highest in the six-year span. However, the following year, 2024, sees a marked decline to 1,313 million, suggesting possible operational challenges or increased cash usage despite the previous high.
- Free cash flow to equity (FCFE)
- FCFE shows a mixed trend characterized by fluctuations throughout the period. The year 2019 begins with a value of 810 million US dollars, which then rises to 1,361 million in 2020, aligning with the increase in operating cash flow during the same period. A decline is observed in 2021 with a drop to 891 million, followed by a strong recovery and peak in 2022 at 2,462 million, surpassing all other years significantly. Subsequently, a decrease occurs in 2023 to 1,675 million, continuing downward to 1,252 million in 2024. Despite the oscillations, the overall FCFE levels for 2022 and beyond remain elevated compared to the initial years.
Price to FCFE Ratio, Current
Autodesk Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Accenture PLC | |
| Adobe Inc. | |
| Cadence Design Systems Inc. | |
| CrowdStrike Holdings Inc. | |
| Fair Isaac Corp. | |
| International Business Machines Corp. | |
| Intuit Inc. | |
| Microsoft Corp. | |
| Oracle Corp. | |
| Palantir Technologies Inc. | |
| Palo Alto Networks Inc. | |
| Salesforce Inc. | |
| ServiceNow Inc. | |
| Synopsys Inc. | |
| Workday Inc. | |
| P/FCFE, Sector | |
| Software & Services | |
| P/FCFE, Industry | |
| Information Technology | |
Based on: 10-K (reporting date: 2024-01-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Autodesk Inc., historical P/FCFE calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||
| Selected Financial Data (US$) | |||||||
| Free cash flow to equity (FCFE) (in millions)2 | |||||||
| FCFE per share3 | |||||||
| Share price1, 4 | |||||||
| Valuation Ratio | |||||||
| P/FCFE5 | |||||||
| Benchmarks | |||||||
| P/FCFE, Competitors6 | |||||||
| Accenture PLC | |||||||
| Adobe Inc. | |||||||
| Cadence Design Systems Inc. | |||||||
| CrowdStrike Holdings Inc. | |||||||
| Fair Isaac Corp. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| Palantir Technologies Inc. | |||||||
| Palo Alto Networks Inc. | |||||||
| Salesforce Inc. | |||||||
| ServiceNow Inc. | |||||||
| Synopsys Inc. | |||||||
| Workday Inc. | |||||||
| P/FCFE, Sector | |||||||
| Software & Services | |||||||
| P/FCFE, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 Data adjusted for splits and stock dividends.
3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of Autodesk Inc. Annual Report.
5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
6 Click competitor name to see calculations.
- Share Price Trends
- The share price experienced significant fluctuations over the years. It declined slightly from $154.69 in 2019 to $149.23 in 2020, followed by a sharp increase to $261.50 in 2021. Subsequently, it dropped to $188.70 in 2022 before gradually rising again to reach $218.20 by 2024. Overall, the share price showed volatility with notable peaks in 2021 and partial recovery in recent years.
- FCFE per Share Movements
- Free Cash Flow to Equity (FCFE) per share also displayed considerable variability. It increased from $3.69 in 2019 to $6.20 in 2020, then declined to $4.06 in 2021. Following this, FCFE per share surged to $11.33 in 2022, marking the highest point within the period. However, this figure decreased again to $7.80 in 2023 and further to $5.81 in 2024. The data suggest fluctuating cash flow generation capacity with a pronounced peak in 2022.
- Price to FCFE Ratio (P/FCFE) Analysis
- The P/FCFE ratio exhibited considerable instability and inverse tendencies relative to FCFE per share. It dropped from a high of 41.92 in 2019 to 24.07 in 2020, then surged sharply to 64.43 in 2021. This was followed by a significant decline to 16.66 in 2022, coinciding with the spike in FCFE per share, implying improved valuation based on cash flows. In 2023 and 2024, the ratio increased again to 25.55 and 37.55 respectively, indicating varying market perceptions of equity value relative to free cash flow.
- Overall Insights
- The observed data reveal that both share price and FCFE per share experienced notable oscillations, without a consistent upward or downward trajectory. The inverse relationship between FCFE per share and P/FCFE ratio at points suggests market valuation adjustments based on changing free cash flows. The peak in FCFE per share in 2022 and corresponding dip in the price ratio may indicate a period of strong operational cash flow performance, while the subsequent decrease indicates a moderation. Market valuations reflected by share prices did not always align smoothly with changes in cash flows, indicating other factors may have influenced investor sentiment.