Price to FCFE (P/FCFE)
Paying user area
Try for free
Netflix Inc. pages available for free this week:
- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Netflix Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Free Cash Flow to Equity (FCFE)
Netflix Inc., FCFE calculation
US$ in thousands
Based on: 10-K (reporting date: 2024-12-31), 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).
The financial data reveals significant fluctuations in cash flow metrics over the five-year period ending December 31, 2024.
- Net Cash Provided by Operating Activities
- This figure displays variability, with a notable decline from $2,427,077 thousand in 2020 to $392,610 thousand in 2021. Subsequently, it recovers to $2,026,257 thousand in 2022 and then experiences a substantial increase in the following years, reaching $7,274,301 thousand in 2023 and slightly higher at $7,361,364 thousand in 2024. This trend suggests a temporary setback in 2021 followed by strong operational cash generation in the later years.
- Free Cash Flow to Equity (FCFE)
- The FCFE pattern mirrors some characteristics of operating cash flow but with greater volatility. Beginning at $2,931,059 thousand in 2020, FCFE turns negative in 2021 with -$631,975 thousand, indicating significant equity cash outflows or increased financial obligations during that year. Afterwards, it rebounds to $918,528 thousand in 2022 and grows substantially to $6,925,749 thousand in 2023 and $8,316,286 thousand in 2024. The increase in the most recent years reflects improved capacity to generate free cash for equity holders, correlating with the enhanced operating cash flow figures.
Overall, the data indicates a period of constrained cash flow in 2021, followed by strong recovery and growth in both operating cash generation and free cash flow to equity through 2023 and 2024. This suggests improving financial health and growing cash availability for equity investors after a challenging period.
Price to FCFE Ratio, Current
Netflix Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in thousands) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Alphabet Inc. | |
| Comcast Corp. | |
| Meta Platforms Inc. | |
| Trade Desk Inc. | |
| Walt Disney Co. | |
| P/FCFE, Sector | |
| Media & Entertainment | |
| P/FCFE, Industry | |
| Communication Services | |
Based on: 10-K (reporting date: 2024-12-31).
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
Netflix Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in thousands)2 | ||||||
| FCFE per share3 | ||||||
| Share price1, 4 | ||||||
| Valuation Ratio | ||||||
| P/FCFE5 | ||||||
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Alphabet Inc. | ||||||
| Comcast Corp. | ||||||
| Meta Platforms Inc. | ||||||
| Trade Desk Inc. | ||||||
| Walt Disney Co. | ||||||
| P/FCFE, Sector | ||||||
| Media & Entertainment | ||||||
| P/FCFE, Industry | ||||||
| Communication Services | ||||||
Based on: 10-K (reporting date: 2024-12-31), 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).
1 Data adjusted for splits and stock dividends.
3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of Netflix Inc. Annual Report.
5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
6 Click competitor name to see calculations.
- Share Price
- The share price exhibited a declining trend from 53.86 US dollars at the end of 2020 to 36.49 US dollars by the end of 2022, reflecting a period of decreasing market valuation. However, this trend reversed in subsequent years, with the share price increasing significantly to 57.04 US dollars in 2023 and further rising to 97.19 US dollars by the end of 2024, indicating a recovery and strong positive market sentiment toward the company.
- Free Cash Flow to Equity (FCFE) per Share
- The FCFE per share showed considerable fluctuation over the observed period. Starting at 0.66 US dollars in 2020, it turned negative in 2021 to -0.14 US dollars, suggesting a cash outflow to equity holders for that year. This was followed by a modest recovery in 2022 to 0.21 US dollars and then substantial growth in 2023 and 2024, reaching 1.6 and 1.94 US dollars respectively. This upward trend in recent years indicates improving financial performance and cash generation capacity.
- Price to FCFE Ratio (P/FCFE)
- The P/FCFE ratio experienced notable variability. It began at a high level of 81.38 in 2020, dropped out of calculation in 2021 due to negative FCFE per share, and then escalated to 176.92 in 2022, reflecting a late recovery in FCFE per share but still at a relatively low base. The ratio decreased substantially in 2023 to 35.64, signifying improved valuation relative to cash flow, before moderately increasing again to 49.99 in 2024. These fluctuations suggest changing investor perceptions relating to the company's cash flow generation and growth prospects.
- Summary
- Overall, the financial indicators reveal a challenging phase in 2021 marked by negative free cash flow to equity and declining share price, followed by a phase of recovery and strong growth. The share price and FCFE per share both show significant improvement in the last two years, indicating enhanced financial health and market confidence. The P/FCFE ratio’s volatility underscores some uncertainty or adjusting expectations among investors during this period, although recent levels suggest a more balanced valuation aligned with improved cash flow metrics.