Price to FCFE (P/FCFE)
Free Cash Flow to Equity (FCFE)
Illumina Inc., FCFE calculation
US$ in millions
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to Illumina 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. | Illumina Inc. FCFE decreased from 2018 to 2019 but then slightly increased from 2019 to 2020. |
Price to FCFE Ratio, Current
Illumina Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | 156,300,000 |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | 891) |
| FCFE per share | 5.70 |
| Current share price (P) | 408.14 |
| Valuation Ratio | |
| P/FCFE | 71.60 |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| AbbVie Inc. | 16.27 |
| Amgen Inc. | 4.26 |
| Bristol-Myers Squibb Co. | 7.45 |
| Eli Lilly & Co. | 75.06 |
| Gilead Sciences Inc. | 11.53 |
| Johnson & Johnson | 22.63 |
| Merck & Co. Inc. | 23.80 |
| Pfizer Inc. | 3.52 |
| Regeneron Pharmaceuticals Inc. | 25.32 |
| Thermo Fisher Scientific Inc. | 30.10 |
| P/FCFE, Sector | |
| Pharmaceuticals, Biotechnology & Life Sciences | 22.30 |
| P/FCFE, Industry | |
| Health Care | 21.90 |
Based on: 10-K (reporting date: 2020-12-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Illumina Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2020 | Dec 29, 2019 | Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 145,900,000 | 147,000,000 | 147,000,000 | 147,000,000 | 146,300,000 | |
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in millions)2 | 891) | 292) | 1,577) | 561) | 366) | |
| FCFE per share3 | 6.11 | 1.99 | 10.73 | 3.82 | 2.50 | |
| Share price1, 4 | 494.24 | 296.00 | 292.20 | 220.44 | 164.46 | |
| Valuation Ratio | ||||||
| P/FCFE5 | 80.93 | 149.01 | 27.24 | 57.76 | 65.66 | |
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| AbbVie Inc. | 13.16 | 3.64 | — | — | — | |
| Amgen Inc. | 11.06 | 33.32 | — | — | — | |
| Bristol-Myers Squibb Co. | 7.80 | 5.80 | — | — | — | |
| Eli Lilly & Co. | 36.62 | 15.87 | — | — | — | |
| Gilead Sciences Inc. | 5.98 | 15.91 | — | — | — | |
| Johnson & Johnson | 15.60 | 23.06 | — | — | — | |
| Merck & Co. Inc. | 17.85 | 18.08 | — | — | — | |
| Pfizer Inc. | — | 9.87 | — | — | — | |
| Regeneron Pharmaceuticals Inc. | 13.30 | 21.00 | — | — | — | |
| Thermo Fisher Scientific Inc. | 18.58 | 46.04 | — | — | — | |
| P/FCFE, Sector | ||||||
| Pharmaceuticals, Biotechnology & Life Sciences | 16.17 | 11.91 | — | — | — | |
| P/FCFE, Industry | ||||||
| Health Care | 16.92 | 13.31 | — | — | — | |
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-29), 10-K (reporting date: 2018-12-30), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
1 Data adjusted for splits and stock dividends.
3 2020 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 891,000,000 ÷ 145,900,000 = 6.11
4 Closing price as at the filing date of Illumina Inc. Annual Report.
5 2020 Calculation
P/FCFE = Share price ÷ FCFE per share
= 494.24 ÷ 6.11 = 80.93
6 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/FCFE | Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. | Illumina Inc. P/FCFE ratio increased from 2018 to 2019 but then slightly decreased from 2019 to 2020 not reaching 2018 level. |