Price to FCFE (P/FCFE)

Free Cash Flow to Equity (FCFE)
P to FCFE Ratio, Current
P to FCFE Ratio, Historical

Free Cash Flow to Equity (FCFE)

NXP Semiconductors N.V., FCFE calculation

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income attributable to stockholders	1,871)	52)	243)	2,208)	2,215)
Net income attributable to non-controlling interests	35)	28)	29)	50)	57)
Net noncash charges	1,608)	1,964)	2,274)	2,140)	139)
Changes in operating assets and liabilities	(437)	438)	(173)	(29)	36)
Net cash provided by operating activities	3,077)	2,482)	2,373)	4,369)	2,447)
Purchase of identified intangible assets	(132)	(130)	(102)	(50)	(66)
Capital expenditures on property, plant and equipment	(767)	(392)	(526)	(611)	(552)
Purchase of equipment leased to others	(33)	—)	—)	—)	—)
Insurance recoveries received for equipment damage	10)	—)	—)	—)	—)
Proceeds from disposals of property, plant and equipment	1)	4)	23)	1)	2)
Payment of cash convertible note	—)	—)	(1,150)	—)	—)
Proceeds from settlement of cash convertible note hedge	—)	—)	144)	—)	—)
Payment of bond hedge derivatives, convertible option	—)	—)	(145)	—)	—)
Repayment of Bridge Loan	—)	—)	—)	(1,000)	—)
Proceeds from Bridge Loan	—)	—)	—)	1,000)	—)
Repurchase of long-term debt	(1,021)	(1,809)	(600)	(1,273)	(2,728)
Principal payments on long-term debt	—)	—)	—)	(1)	(16)
Proceeds from the issuance of long-term debt	4,000)	2,000)	1,750)	1,997)	—)
Cash paid for debt issuance costs	(47)	(15)	(24)	(23)	—)
Free cash flow to equity (FCFE)	5,088)	2,140)	1,743)	4,409)	(913)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).

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Item	Description	The company
FCFE	Free cash flow to equity is the cash flow available to NXP Semiconductors N.V. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made.	NXP Semiconductors N.V. FCFE increased from 2019 to 2020 and from 2020 to 2021.

Price to FCFE Ratio, Current

NXP Semiconductors N.V., current P/FCFE calculation, comparison to benchmarks

No. shares of common stock outstanding	262,598,471
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)	5,088)
FCFE per share	19.38
Current share price (P)	174.46
Valuation Ratio
P/FCFE	9.00
Benchmarks
P/FCFE, Competitors¹
Advanced Micro Devices Inc.	223.53
Analog Devices Inc.	23.04
Applied Materials Inc.	21.03
Broadcom Inc.	33.86
Intel Corp.	—
KLA Corp.	34.37
Lam Research Corp.	25.04
Micron Technology Inc.	—
NVIDIA Corp.	82.14
ON Semiconductor Corp.	212.08
Qualcomm Inc.	17.47
Texas Instruments Inc.	38.67
P/FCFE, Sector
Semiconductors & Semiconductor Equipment	58.66
P/FCFE, Industry
Information Technology	39.75

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

NXP Semiconductors N.V., 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	262,538,156	277,008,199	279,750,659	292,789,698	342,924,392
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)²	5,088)	2,140)	1,743)	4,409)	(913)
FCFE per share³	19.38	7.73	6.23	15.06	-2.66
Share price^1, 4	191.42	178.52	114.64	94.25	115.88
Valuation Ratio
P/FCFE⁵	9.88	23.11	18.40	6.26	—
Benchmarks
P/FCFE, Competitors⁶
Advanced Micro Devices Inc.	44.72	133.51	—	—	—
Analog Devices Inc.	34.67	33.98	37.52	50.53	—
Applied Materials Inc.	27.20	23.21	19.53	10.21	—
Broadcom Inc.	22.35	9.16	5.64	13.72	—
Intel Corp.	14.25	8.57	16.55	—	—
KLA Corp.	28.05	19.15	9.84	39.74	—
Lam Research Corp.	34.58	16.89	6.14	14.02	—
Micron Technology Inc.	37.24	81.71	13.92	—	—
NVIDIA Corp.	35.20	44.23	30.19	—	—
ON Semiconductor Corp.	38.47	50.56	9.02	—	—
Qualcomm Inc.	17.93	34.91	16.39	—	—
Texas Instruments Inc.	21.87	24.10	18.77	—	—
P/FCFE, Sector
Semiconductors & Semiconductor Equipment	25.00	17.80	14.04	—	—
P/FCFE, Industry
Information Technology	27.30	23.29	18.92	—	—

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).

¹ Data adjusted for splits and stock dividends.

² See details »

³ 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 5,088,000,000 ÷ 262,538,156 = 19.38

⁴ Closing price as at the filing date of NXP Semiconductors N.V. Annual Report.

⁵ 2021 Calculation
P/FCFE = Share price ÷ FCFE per share
= 191.42 ÷ 19.38 = 9.88

⁶ Click competitor name to see calculations.

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Valuation ratio	Description	The company
P/FCFE	Price to free cash flow to equity is cash valuation indicator of stockholders’ equity.	NXP Semiconductors N.V. P/FCFE ratio increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

NXP Semiconductors N.V. (NASDAQ:NXPI)

Price to FCFE (P/FCFE)

Free Cash Flow to Equity (FCFE)

Price to FCFE Ratio, Current

Price to FCFE Ratio, Historical