Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

$24.99

Price to FCFE (P/FCFE)

Microsoft Excel

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Free Cash Flow to Equity (FCFE)

CrowdStrike Holdings Inc., FCFE calculation

US$ in thousands

Microsoft Excel
12 months ended: Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Net income (loss) attributable to CrowdStrike
Net income attributable to non-controlling interest
Net noncash charges
Changes in operating assets and liabilities, net of impact of acquisitions
Net cash provided by operating activities
Purchases of property and equipment
Capitalized internal-use software and website development costs
Purchases of intangible assets
Payments of debt issuance costs related to revolving line of credit
Payments of debt issuance costs related to Senior Notes
Proceeds from issuance of Senior Notes, net of debt financing costs
Repayment of loan payable
Free cash flow to equity (FCFE)

Based on: 10-K (reporting date: 2025-01-31), 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).


Operating Cash Flow
The net cash provided by operating activities shows a consistent upward trend over the reported years. Starting from approximately 99.9 million USD in 2020, the figure increased significantly each year, reaching around 1.38 billion USD by 2025. This steady growth indicates improving operational efficiency and potentially expanding business activities generating higher cash inflows from core operations.
Free Cash Flow to Equity (FCFE)
The FCFE also generally increased over the period, though with more variability compared to operating cash flow. It began at approximately 12.5 million USD in 2020 and surged dramatically to about 1.03 billion USD in 2021, followed by a decline to around 439 million USD in 2022. Afterward, the FCFE rebounded steadily, reaching approximately 1.07 billion USD by 2025. This pattern suggests fluctuating investment or financing activities impacting free cash flow available to equity holders, but the overall trend remains positive.
Comparative Insights
While both metrics exhibit growth, operating cash flow growth is smoother and more consistent, implying solid operational performance. The more volatile FCFE indicates phases of significant capital expenditure, debt servicing, or equity transactions affecting cash availability for shareholders. However, the recovery and continued increase in FCFE from 2022 onward reflect improved financial flexibility and enhanced capacity to return value to equity investors.

Price to FCFE Ratio, Current

CrowdStrike Holdings Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)
FCFE per share
Current share price (P)
Valuation Ratio
P/FCFE
Benchmarks
P/FCFE, Competitors1
Accenture PLC
Adobe Inc.
Cadence Design Systems 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: 2025-01-31).

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

CrowdStrike Holdings Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
No. shares of common stock outstanding1
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2
FCFE per share3
Share price1, 4
Valuation Ratio
P/FCFE5
Benchmarks
P/FCFE, Competitors6
Accenture PLC
Adobe Inc.
Cadence Design Systems 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: 2025-01-31), 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).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2025 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =

4 Closing price as at the filing date of CrowdStrike Holdings Inc. Annual Report.

5 2025 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =

6 Click competitor name to see calculations.


Share Price
The share price experienced significant volatility over the analyzed period. Starting at $51.45 in early 2020, it increased sharply to $190.21 by early 2021, maintaining a similar level at $189.66 in early 2022. However, it then declined markedly to $121.68 in early 2023 before rebounding to a peak of $329.68 in early 2024. The most recent value in early 2025 shows a slight decrease to $308.86.
FCFE per Share (Free Cash Flow to Equity)
Free cash flow to equity per share showed notable fluctuations. It began at a very low level of $0.06 in early 2020, surged to $4.60 in early 2021, then declined to $1.90 in early 2022. Following this, FCFE per share progressively improved, rising to $2.85 in early 2023, $3.84 in early 2024, and reaching $4.31 in early 2025, indicating an overall upward trend in cash flow generation despite fluctuating interim values.
P/FCFE Ratio
The price-to-free cash flow to equity ratio showed pronounced variability that reflects the volatility in both share price and FCFE per share. The ratio began extremely high at 880.68 in early 2020, then declined sharply to 41.38 by early 2021, before increasing again to 99.63 in early 2022. It dropped to 42.65 in early 2023, spiked to 85.82 in early 2024, and decreased to 71.69 in early 2025. These fluctuations suggest periods of significant market revaluation relative to the company’s cash flow generation capacity.