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Intuitive Surgical Inc. (ISRG)
Enterprise Value to FCFF (EV/FCFF)
Medium level of difficulty
Free Cash Flow to The Firm (FCFF)
Intuitive Surgical Inc., FCFF calculation
US$ in thousands
Based on: 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02), 10-K (filing date: 2015-02-06).
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Intuitive Surgical Inc.’s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Intuitive Surgical Inc.’s FCFF declined from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level. |
Interest Paid, Net of Tax
Intuitive Surgical Inc., interest paid, net of tax calculation
US$ in thousands
Based on: 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02), 10-K (filing date: 2015-02-06).
2 2018 Calculation
Interest paid, tax = Interest paid × EITR
= × =
Enterprise Value to FCFF Ratio, Current
Intuitive Surgical Inc., current EV/FCFF calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | |
| Free cash flow to the firm (FCFF) | |
| Valuation Ratio | |
| EV/FCFF | |
| Benchmarks | |
| EV/FCFF, Competitors1 | |
| Becton, Dickinson & Co. | |
| Medtronic PLC | |
| Stryker Corp. | |
| Thermo Fisher Scientific Inc. | |
| UnitedHealth Group Inc. | |
| EV/FCFF, Sector | |
| Health Care Equipment & Services | |
| EV/FCFF, Industry | |
| Health Care | |
Based on: 10-K (filing date: 2019-02-04).
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
Intuitive Surgical Inc., historical EV/FCFF calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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| EV/FCFF, Competitors4 | ||||||
| Becton, Dickinson & Co. | |
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| Medtronic PLC | |
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| Stryker Corp. | |
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| Thermo Fisher Scientific Inc. | |
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| UnitedHealth Group Inc. | |
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| EV/FCFF, Sector | ||||||
| Health Care Equipment & Services | |
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| EV/FCFF, Industry | ||||||
| Health Care | |
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Based on: 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02), 10-K (filing date: 2015-02-06).
3 2018 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =
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.’s EV/FCFF ratio increased from 2016 to 2017 and from 2017 to 2018. |