Price to FCFE (P/FCFE)
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- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2012
- Total Asset Turnover since 2012
- Price to Operating Profit (P/OP) since 2012
- Analysis of Revenues
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Free Cash Flow to Equity (FCFE)
Meta Platforms Inc., FCFE calculation
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Net Cash Provided by Operating Activities
- The net cash generated from operating activities demonstrates a generally upward trajectory over the five-year period. Starting at 38,747 million USD in 2020, it increased substantially to 57,683 million USD in 2021, representing strong growth. Although there was a decline to 50,475 million USD in 2022, the figure rebounded significantly in the following years, reaching 71,113 million USD in 2023 and further rising to 91,328 million USD in 2024. This pattern indicates overall robust operational cash generation with some volatility observed in 2022.
- Free Cash Flow to Equity (FCFE)
- Free cash flow to equity follows a somewhat similar trend but with greater variability. Beginning at 23,028 million USD in 2020, it rose substantially to 38,439 million USD in 2021, denoting improved cash availability for shareholders. However, the FCFE then declined more sharply to 28,360 million USD in 2022, a significant decrease compared to the previous year. Subsequently, the FCFE experienced strong recovery, increasing to 51,465 million USD in 2023 and continuing to rise to 62,535 million USD by 2024. Despite fluctuations, the overall trend suggests an improvement in the company’s ability to generate cash flow available to equity holders toward the end of the period.
- Insights and Patterns
- The company’s operating cash flow demonstrates strength and resilience, showing capacity for strong cash generation notwithstanding a mid-period dip. The FCFE exhibits more volatility but overall follows a positive trend in the last two years. The divergence in magnitude of changes between operating cash flow and FCFE in some years may indicate variations in capital expenditure, financing activities, or other cash flow adjustments impacting free cash flow to equity differently than operational cash flows. The simultaneous growth in both metrics in 2023 and 2024 suggests improved financial health and enhanced shareholder value potential.
Price to FCFE Ratio, Current
Meta Platforms Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Alphabet Inc. | |
| Comcast Corp. | |
| Netflix Inc. | |
| Take-Two Interactive Software Inc. | |
| Walt Disney Co. | |
| P/FCFE, Sector | |
| Media & Entertainment | |
| P/FCFE, Industry | |
| Communication Services | |
Based on: 10-K (reporting date: 2024-12-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Meta Platforms Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in millions)2 | ||||||
| FCFE per share3 | ||||||
| Share price1, 4 | ||||||
| Valuation Ratio | ||||||
| P/FCFE5 | ||||||
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Alphabet Inc. | ||||||
| Comcast Corp. | ||||||
| Netflix Inc. | ||||||
| Take-Two Interactive Software Inc. | ||||||
| Walt Disney Co. | ||||||
| P/FCFE, Sector | ||||||
| Media & Entertainment | ||||||
| P/FCFE, Industry | ||||||
| Communication Services | ||||||
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
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 Meta Platforms Inc. Annual Report.
5 2024 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 265 US$ at the end of 2020 to its lowest point of 188.77 US$ at the end of 2022. Subsequently, a strong recovery occurred, with the price rising sharply to reach 474.99 US$ by the end of 2023 and continuing its upward momentum to 687 US$ by the end of 2024. This indicates significant market confidence following a period of decreasing valuations.
- FCFE per Share Trend
- The Free Cash Flow to Equity (FCFE) per share showed an overall upward trajectory across the five years. Starting at 8.09 US$ per share in 2020, the metric increased substantially to 14.12 US$ in 2021, then dipped slightly to 10.94 US$ in 2022. However, it rebounded and grew markedly in the following years, reaching 20.19 US$ in 2023 and 24.68 US$ in 2024. This suggests improving cash generation capabilities, with some volatility observed in 2022.
- Price to FCFE (P/FCFE) Ratio
- The P/FCFE ratio dropped significantly from 32.77 at the end of 2020 to around 16.84 in 2021 and remained relatively stable at 17.26 in 2022 despite the fluctuations in FCFE per share. From 2023 onward, the ratio began to increase again, reaching 23.53 and then 27.83 by the end of 2024. This pattern reflects that while the company’s free cash flow per share grew, the market valuation relative to cash flow was more compressed during 2021 and 2022, then expanded notably as the share price increased.
- Overall Analysis
- The data reveals a period of initial price and valuation contraction accompanied by moderate fluctuations in free cash flow per share. The subsequent years exhibit strong growth in both share price and cash flow generation, leading to higher market valuation relative to FCFE by 2024. The recovery and expansion phase suggests renewed investor optimism and strengthened company financial performance after a period of volatility.