Price to FCFE (P/FCFE)
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- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2012
- Operating Profit Margin since 2012
- Total Asset Turnover since 2012
- Price to Sales (P/S) since 2012
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Free Cash Flow to Equity (FCFE)
Diamondback Energy Inc., FCFE calculation
US$ in millions
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
- Net cash provided by operating activities
- The net cash from operating activities exhibited a general upward trend over the period from 2017 to 2021. Initially, the value increased significantly from 889 million USD in 2017 to 1565 million USD in 2018 and further surged to 2734 million USD in 2019, indicating improved operational cash generation. However, a decline occurred in 2020, with the net cash decreasing to 2118 million USD. This was followed by a strong recovery in 2021, reaching the highest value of the period at 3944 million USD.
- Free cash flow to equity (FCFE)
- Free cash flow to equity showed considerable volatility across the five years. Starting at 398 million USD in 2017, FCFE sharply increased to 1813 million USD in 2018, reflecting enhanced capacity to generate cash available to equity holders. The following years witnessed a decline to 620 million USD in 2019 and a slight recovery to 667 million USD in 2020, signaling fluctuations possibly due to varying capital expenditures or changes in working capital. In 2021, FCFE improved notably again to 1599 million USD, although it remained below the peak observed in 2018.
- Overall analysis
- Operating cash flow displayed a clear overall positive trajectory with a temporary setback in 2020, while FCFE experienced more pronounced fluctuations but ended the period on a strong note. The divergence in trends between operating cash flow and FCFE in some years could suggest periods of increased investment or financial policy changes impacting cash available to equity shareholders. The strong rebound in both measures in 2021 highlights improved operational performance and financial flexibility.
Price to FCFE Ratio, Current
Diamondback Energy Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Chevron Corp. | |
| ConocoPhillips | |
| Exxon Mobil Corp. | |
| Occidental Petroleum Corp. | |
| P/FCFE, Sector | |
| Oil, Gas & Consumable Fuels | |
| P/FCFE, Industry | |
| Energy | |
Based on: 10-K (reporting date: 2021-12-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Diamondback Energy Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in millions)2 | ||||||
| FCFE per share3 | ||||||
| Share price1, 4 | ||||||
| Valuation Ratio | ||||||
| P/FCFE5 | ||||||
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Chevron Corp. | ||||||
| ConocoPhillips | ||||||
| Exxon Mobil Corp. | ||||||
| Occidental Petroleum Corp. | ||||||
| P/FCFE, Sector | ||||||
| Oil, Gas & Consumable Fuels | ||||||
| P/FCFE, Industry | ||||||
| Energy | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 Data adjusted for splits and stock dividends.
3 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of Diamondback Energy Inc. Annual Report.
5 2021 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
6 Click competitor name to see calculations.
- Share Price Trend
- The share price experienced a decline from 125.15 US$ at the end of 2017 to 59.48 US$ by the end of 2019, reflecting a significant decrease over two years. In 2020, the price slightly recovered to 69.06 US$, followed by a notable increase reaching 127.89 US$ in 2021, surpassing the initial 2017 level.
- FCFE per Share Trend
- Free Cash Flow to Equity (FCFE) per share showed considerable volatility. It initially rose sharply from 4.05 US$ in 2017 to a peak of 11.03 US$ in 2018. This was followed by a decline to 3.92 US$ in 2019, then a slight uptick to 4.22 US$ in 2020. In 2021, FCFE per share increased significantly again, reaching 9.01 US$.
- P/FCFE Ratio Movement
- The price to FCFE ratio decreased substantially from 30.88 in 2017 to 9.55 in 2018, indicating that the market price became more aligned with FCFE despite rising FCFE per share during that period. Afterwards, the ratio increased to 15.19 in 2019 and peaked at 16.36 in 2020, suggesting a relative increase in valuation multiples or reduced FCFE growth. In 2021, the ratio moderately declined to 14.19, indicating a slightly more attractive valuation relative to FCFE than the previous two years.
- Overall Analysis
- The data shows a period of volatility with an initial share price drop alongside fluctuating FCFE per share. After a low point in 2019, both share price and FCFE per share displayed recovery and growth by 2021, although market valuation multiples (P/FCFE) suggest a correction from the undervaluation seen in 2018. The trends indicate that investor sentiment and cash flow generation improved markedly in 2021, reflecting stronger financial performance and market confidence relative to the earlier years.