.Price to FCFE (P/FCFE)
Difficulty: Intermediate
Free Cash Flow to Equity (FCFE)
Charter Communications Inc., FCFE calculation
USD $ in millions
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|---|
| | Net income (loss) attributable to Charter shareholders | |||||
| | Net income attributable to noncontrolling interests | |||||
| | Net noncash charges | |||||
| | Changes in operating assets and liabilities, net of effects from acquisitions and dispositions | |||||
| | Net cash flows from operating activities | |||||
| | Purchases of property, plant and equipment | |||||
| | Borrowings of long-term debt | |||||
| | Repayments of long-term debt | |||||
| | Payments for debt issuance costs | |||||
| | Free cash flow to equity (FCFE) |
| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to Charter Communications Inc.'s equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. | Charter Communications Inc.'s FCFE declined from 2015 to 2016 but then increased from 2016 to 2017 not reaching 2015 level. |
Price to FCFE Ratio, Current
Charter Communications Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (USD $) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors | |
| Comcast Corp. | |
| Time Warner Inc. | |
| Twenty-First Century Fox Inc. | |
| Walt Disney Co. | |
| P/FCFE, Sector | |
| Media | |
| P/FCFE, Industry | |
| Consumer Services | |
If company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Charter Communications Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (USD $) | ||||||
| | Free cash flow to equity (FCFE) (in millions)2 | |||||
| | FCFE per share4 | |||||
| Share price1, 3 | ||||||
| Ratio | ||||||
| | P/FCFE5 | |||||
| Benchmarks | ||||||
| P/FCFE, Competitors | ||||||
| Comcast Corp. | ||||||
| Time Warner Inc. | ||||||
| Twenty-First Century Fox Inc. | ||||||
| Walt Disney Co. | ||||||
| P/FCFE, Sector | ||||||
| Media | ||||||
| P/FCFE, Industry | ||||||
| Consumer Services | ||||||
1 Data adjusted for splits and stock dividends.
3 Close price on the filing date of Charter Communications Inc.'s Annual Report.
2017 Calculations
4 FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
5 P/FCFE = Share price ÷ FCFE per share
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| P/FCFE | Price to free cash flow to equity is cash valuation indicator of stockholders' equity. | Charter Communications Inc.'s P/FCFE ratio increased from 2015 to 2016 but then slightly declined from 2016 to 2017 not reaching 2015 level. |
