Bed Bath & Beyond Inc., FCFE calculation

US$ in thousands

12 months ended:	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
Net earnings (loss)	(559,623)	(150,773)	(613,816)	(137,224)	424,858)	685,108)
Net noncash charges	501,228)	572,216)	775,781)	772,239)	558,899)	385,188)
(Increase) decrease in assets	335,014)	(320,706)	501,792)	462,609)	(102,971)	(90,217)
Increase (decrease) in liabilities	(258,765)	167,371)	(72,816)	(179,346)	(21,097)	61,709)
Net cash provided by operating activities	17,854)	268,108)	590,941)	918,278)	859,689)	1,041,788)
Capital expenditures	(354,185)	(183,077)	(277,401)	(325,366)	(375,793)	(373,574)
Borrowing of long-term debt	—)	236,400)	—)	—)	—)	—)
Repayments of long-term debt	(11,360)	(457,827)	—)	(4,224)	—)	—)
Repayments of finance leases	(1,033)	—)	—)	—)	—)	—)
Free cash flow to equity (FCFE)	(348,724)	(136,396)	313,540)	588,688)	483,896)	668,214)

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

Download chart

Item	Description	The company
FCFE	Free cash flow to equity is the cash flow available to Bed Bath & Beyond 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.	Bed Bath & Beyond Inc. FCFE decreased from 2020 to 2021 and from 2021 to 2022.

Bed Bath & Beyond Inc., current P/FCFE calculation, comparison to benchmarks

No. shares of common stock outstanding	80,362,695
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)	(348,724)
FCFE per share	-4.34
Current share price (P)	6.09
Valuation Ratio
P/FCFE	—
Benchmarks
P/FCFE, Competitors¹
Amazon.com Inc.	89.95
Home Depot Inc.	17.94
Lowe’s Cos. Inc.	16.33
TJX Cos. Inc.	27.47
P/FCFE, Sector
Consumer Discretionary Distribution & Retail	79.88
P/FCFE, Industry
Consumer Discretionary	49.32

Based on: 10-K (reporting date: 2022-02-26).

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.

Bed Bath & Beyond Inc., historical P/FCFE calculation, comparison to benchmarks

	Feb 26, 2022	Feb 27, 2021	Feb 29, 2020	Mar 2, 2019	Mar 3, 2018	Feb 25, 2017
No. shares of common stock outstanding¹	79,845,789	109,122,398	126,553,062	132,089,269	140,311,297	145,153,735
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)²	(348,724)	(136,396)	313,540)	588,688)	483,896)	668,214)
FCFE per share³	-4.37	-1.25	2.48	4.46	3.45	4.60
Share price^1, 4	16.34	26.42	6.59	16.71	17.50	39.36
Valuation Ratio
P/FCFE⁵	—	—	2.66	3.75	5.07	8.55
Benchmarks
P/FCFE, Competitors⁶
Amazon.com Inc.	240.95	—	55.66	63.35	—	—
Home Depot Inc.	19.87	15.41	14.99	16.61	—	—
Lowe’s Cos. Inc.	13.55	12.28	8.69	20.45	—	—
TJX Cos. Inc.	—	10.55	19.71	21.79	—	—
P/FCFE, Sector
Consumer Discretionary Distribution & Retail	51.89	59.10	38.09	38.19	—	—
P/FCFE, Industry
Consumer Discretionary	38.34	85.76	30.50	28.80	—	—

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

¹ Data adjusted for splits and stock dividends.

² See details »

³ 2022 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= -348,724,000 ÷ 79,845,789 = -4.37

⁴ Closing price as at the filing date of Bed Bath & Beyond Inc. Annual Report.

⁵ 2022 Calculation
P/FCFE = Share price ÷ FCFE per share
= 16.34 ÷ -4.37 = —

⁶ Click competitor name to see calculations.

Download chart

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Price to FCFE (P/FCFE)

Free Cash Flow to Equity (FCFE)

Price to FCFE Ratio, Current

Price to FCFE Ratio, Historical