Free Cash Flow to The Firm (FCFF)
Based on: 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), 10-K (reporting date: 2019-12-31).
Item | Description | The company |
---|---|---|
FCFF | Free cash flow to the firm is the cash flow available to the Intuitive Surgical Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Intuitive Surgical Inc. FCFF decreased from 2021 to 2022 and from 2022 to 2023. |
Interest Paid, Net of Tax
Based on: 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), 10-K (reporting date: 2019-12-31).
2 2023 Calculation
Interest paid, tax = Interest paid × EITR
= 0 × 7.23% = 0
Enterprise Value to FCFF Ratio, Current
Selected Financial Data (US$ in thousands) | |
Enterprise value (EV) | 188,485,638) |
Free cash flow to the firm (FCFF) | 749,600) |
Valuation Ratio | |
EV/FCFF | 251.45 |
Benchmarks | |
EV/FCFF, Competitors1 | |
Abbott Laboratories | 36.53 |
Cigna Group | 9.01 |
CVS Health Corp. | 9.46 |
Elevance Health Inc. | 10.34 |
Humana Inc. | 6.96 |
Medtronic PLC | 21.18 |
UnitedHealth Group Inc. | 18.72 |
EV/FCFF, Sector | |
Health Care Equipment & Services | 18.38 |
EV/FCFF, Industry | |
Health Care | 23.82 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.
Enterprise Value to FCFF Ratio, Historical
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Enterprise value (EV)1 | 128,123,188) | 81,892,877) | 98,018,095) | 87,689,991) | 64,002,675) | |
Free cash flow to the firm (FCFF)2 | 749,600) | 958,400) | 1,749,900) | 1,143,300) | 1,172,600) | |
Valuation Ratio | ||||||
EV/FCFF3 | 170.92 | 85.45 | 56.01 | 76.70 | 54.58 | |
Benchmarks | ||||||
EV/FCFF, Competitors4 | ||||||
Abbott Laboratories | 36.51 | 23.24 | 23.47 | 36.94 | 33.05 | |
Cigna Group | 10.44 | 13.38 | 14.17 | 9.16 | 10.24 | |
CVS Health Corp. | 11.96 | 10.00 | 10.30 | 9.42 | 12.30 | |
Elevance Health Inc. | 14.19 | 13.32 | 12.74 | 6.04 | 12.73 | |
Humana Inc. | 9.95 | 14.88 | 42.03 | 7.92 | 8.46 | |
Medtronic PLC | 26.54 | 20.32 | 33.84 | 21.43 | 22.07 | |
UnitedHealth Group Inc. | 17.59 | 19.30 | 22.21 | 15.82 | 17.51 | |
EV/FCFF, Sector | ||||||
Health Care Equipment & Services | 18.44 | 17.28 | 19.60 | 14.85 | 16.66 | |
EV/FCFF, Industry | ||||||
Health Care | 24.38 | 17.63 | 16.41 | 17.93 | 18.26 |
Based on: 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), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= 128,123,188 ÷ 749,600 = 170.92
4 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
EV/FCFF | Enterprise value to free cash flow to the firm is whole company valuation indicator. | Intuitive Surgical Inc. EV/FCFF ratio increased from 2021 to 2022 and from 2022 to 2023. |