Price to FCFE (P/FCFE)
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Free Cash Flow to Equity (FCFE)
O’Reilly Automotive Inc., FCFE calculation
US$ in thousands
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
- Net Cash Provided by Operating Activities
- The net cash provided by operating activities demonstrated a consistent upward trend over the analyzed period. Starting at approximately $1.40 billion in 2017, it increased to roughly $1.73 billion in 2018. Although there was a slight dip to about $1.71 billion in 2019, a significant rise followed in 2020 and 2021, reaching around $2.84 billion and $3.21 billion respectively. This pattern indicates strengthening operational cash generation capabilities over time, with notable acceleration during the last two years.
- Free Cash Flow to Equity (FCFE)
- The free cash flow to equity exhibited more variability compared to operating cash flow. It began at approximately $2.03 billion in 2017 and declined over the next two years, dropping to about $1.66 billion in 2018 and further to around $1.56 billion in 2019. In 2020, FCFE rebounded substantially to approximately $2.62 billion but slightly decreased to around $2.47 billion in 2021. Despite these fluctuations, FCFE remained robust, indicating strong cash available to equity shareholders after accounting for capital expenditures and debt servicing.
- Comparative Analysis
- Operating cash flows showed steady growth, reflecting improved operational performance or efficiency. The FCFE’s initial decline followed by recovery suggests variations in capital spending, financing activities, or working capital management across the years. The overall pattern points to solid financial health with consistently strong cash generation ability and reasonable free cash flow available to equity investors, particularly notable in the post-2019 period.
Price to FCFE Ratio, Current
O’Reilly Automotive Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in thousands) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Amazon.com Inc. | |
| Home Depot Inc. | |
| Lowe’s Cos. Inc. | |
| TJX Cos. Inc. | |
| P/FCFE, Sector | |
| Consumer Discretionary Distribution & Retail | |
| P/FCFE, Industry | |
| Consumer Discretionary | |
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
O’Reilly Automotive Inc., 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 thousands)2 | ||||||
| FCFE per share3 | ||||||
| Share price1, 4 | ||||||
| Valuation Ratio | ||||||
| P/FCFE5 | ||||||
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Amazon.com Inc. | ||||||
| Home Depot Inc. | ||||||
| Lowe’s Cos. Inc. | ||||||
| TJX Cos. Inc. | ||||||
| P/FCFE, Sector | ||||||
| Consumer Discretionary Distribution & Retail | ||||||
| P/FCFE, Industry | ||||||
| Consumer Discretionary | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (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 O’Reilly Automotive Inc. Annual Report.
5 2021 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
6 Click competitor name to see calculations.
- Share Price
- The share price demonstrated a consistent upward trajectory over the five-year period. Starting at $244.19 in 2017, it increased steadily each year, reaching $649.24 by the end of 2021. This represents a significant appreciation, nearly tripling in value over the observed timeframe.
- Free Cash Flow to Equity (FCFE) per Share
- The FCFE per share showed some variability during the period. It began at $24.25 in 2017, slightly declined over the next two years to a low of $20.80 in 2019, then experienced a strong recovery, rising sharply to $37.25 in 2020 and maintaining a similar level of $37.09 in 2021. This indicates notable improvement in the company's capacity to generate cash flows available to equity shareholders starting from 2020.
- Price to FCFE (P/FCFE) Ratio
- The P/FCFE ratio fluctuated throughout the period, reflecting changes in both the share price and FCFE per share. The ratio was relatively low at 10.07 in 2017, increased substantially to peak levels around 17.33 and 17.73 in 2018 and 2019 respectively, then declined to 12.01 in 2020 before rising again to 17.5 in 2021. These fluctuations suggest varying market valuations relative to the company's free cash flow generation, possibly driven by investor sentiment or expectations about future growth.