Price to FCFE (P/FCFE)
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- Statement of Comprehensive Income
- Cash Flow Statement
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Net Profit Margin since 2010
- Return on Equity (ROE) since 2010
- Total Asset Turnover since 2010
- Price to Earnings (P/E) since 2010
- Price to Operating Profit (P/OP) since 2010
- Price to Book Value (P/BV) since 2010
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Free Cash Flow to Equity (FCFE)
NXP Semiconductors N.V., FCFE calculation
US$ in millions
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).
The financial data indicates notable fluctuations and growth in cash flow metrics over the five-year period ending December 31, 2021. The trends observed in the two key metrics—net cash provided by operating activities and free cash flow to equity (FCFE)—highlight shifts in the company's cash generation and distribution capacity.
- Net cash provided by operating activities
- This metric exhibited substantial variability across the reviewed years. Starting at $2,447 million in 2017, it nearly doubled to $4,369 million in 2018, representing a significant increase in operating cash inflows. However, the following two years, 2019 and 2020, showed a sharp decline to $2,373 million and $2,482 million, respectively. Despite these reductions, the figure rebounded in 2021 to $3,077 million, suggesting improved operational cash generation toward the end of the period.
- Free cash flow to equity (FCFE)
- The FCFE exhibited even greater volatility and an overall upward trajectory. Initially negative at -$913 million in 2017, it turned positive and surged dramatically to $4,409 million in 2018. Following this apex, there was a decline in FCFE to $1,743 million in 2019 and a moderate recovery to $2,140 million in 2020. The most remarkable change occurred in 2021, when FCFE surged to $5,088 million, the highest over the entire period. This trend implies strengthened capacity for the company to return capital to shareholders while managing its investments and debt obligations effectively.
Overall, while operating cash flows displayed some instability after the peak in 2018, the company's free cash flow to equity reveals an improving trend, especially by 2021. This pattern may reflect strategic improvements in capital expenditure management, working capital optimization, or debt servicing practices. The marked increase in FCFE in the final year indicates enhanced financial flexibility and potential for shareholder value creation.
Price to FCFE Ratio, Current
NXP Semiconductors N.V., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Advanced Micro Devices Inc. | |
| Analog Devices Inc. | |
| Applied Materials Inc. | |
| Broadcom Inc. | |
| Intel Corp. | |
| KLA Corp. | |
| Lam Research Corp. | |
| Micron Technology Inc. | |
| Monolithic Power Systems Inc. | |
| NVIDIA Corp. | |
| Qualcomm Inc. | |
| Texas Instruments Inc. | |
| P/FCFE, Sector | |
| Semiconductors & Semiconductor Equipment | |
| P/FCFE, Industry | |
| Information Technology | |
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 | ||||||
| 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 | ||||||
| Advanced Micro Devices Inc. | ||||||
| Analog Devices Inc. | ||||||
| Applied Materials Inc. | ||||||
| Broadcom Inc. | ||||||
| Intel Corp. | ||||||
| KLA Corp. | ||||||
| Lam Research Corp. | ||||||
| Micron Technology Inc. | ||||||
| Monolithic Power Systems Inc. | ||||||
| NVIDIA Corp. | ||||||
| Qualcomm Inc. | ||||||
| Texas Instruments Inc. | ||||||
| P/FCFE, Sector | ||||||
| Semiconductors & Semiconductor Equipment | ||||||
| P/FCFE, Industry | ||||||
| Information Technology | ||||||
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.
3 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
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
= ÷ =
6 Click competitor name to see calculations.
The analysis of the financial data over the five-year period reveals several notable trends in key financial metrics.
- Share Price
- The share price demonstrated a fluctuating yet overall upward trajectory. Beginning at $115.88 at the end of 2017, it dropped to $94.25 in 2018, a decrease of approximately 18.7%. However, from 2018 onwards, the share price increased significantly, reaching $114.64 in 2019, $178.52 in 2020, and $191.42 by the end of 2021. This represents a cumulative increase of roughly 103% from 2018 to 2021, indicating strong market confidence and growth potential perceived by investors in the latter years of the period.
- Free Cash Flow to Equity (FCFE) per Share
- The FCFE per share exhibited considerable volatility as well. In 2017, the figure was negative at -$2.66, suggesting cash outflows to equity holders or operational challenges during that year. The year 2018 marked a sharp turnaround to a positive $15.06, reflecting improved cash generation capacity. Subsequently, the FCFE per share dropped to $6.23 in 2019 but then gradually increased to $7.73 in 2020 and surged to $19.38 in 2021. Overall, the trend from 2017 to 2021 signifies an enhanced ability to generate free cash flow available to equity shareholders, with notable increases especially in 2018 and 2021.
- Price to FCFE Ratio (P/FCFE)
- The P/FCFE ratio, which indicates the market valuation relative to free cash flow per share, presents an instructive pattern. The ratio was not reported for 2017, but in 2018 it was relatively low at 6.26, suggesting that the share price was valued modestly against FCFE. However, the ratio rose sharply to 18.4 in 2019 and further to 23.11 in 2020, implying that the market was increasingly valuing the shares at a premium relative to the free cash flow generated. In 2021, the ratio declined to 9.88, indicating a correction or recalibration in valuation relative to cash flow, possibly reflecting the substantial increase in FCFE per share or shifts in investor expectations.
In summary, the data indicates a phase of recovery and growth in cash flow generation capacity, accompanied by fluctuating market valuation multiples. The significant increase in FCFE per share by 2021, alongside a reduced P/FCFE ratio, suggests a potential alignment of market price with cash flow fundamentals towards the end of the period. Meanwhile, the share price growth over the five years reflects a positive investor sentiment, albeit with periods of volatility.