Stock Analysis on Net
Stock Analysis on Net

O’Reilly Automotive Inc. (NASDAQ:ORLY)

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

O’Reilly Automotive Inc., FCFE calculation

US$ in thousands

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12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income 2,164,685 1,752,302 1,391,042 1,324,487 1,133,804
Net noncash charges 379,772 359,029 325,399 312,638 263,314
Changes in operating assets and liabilities 662,853 725,272 (7,962) 90,430 6,569
Net cash provided by operating activities 3,207,310 2,836,603 1,708,479 1,727,555 1,403,687
Purchases of property and equipment (442,853) (465,579) (628,057) (504,268) (465,940)
Proceeds from sale of property and equipment 9,494 15,770 7,118 4,784 4,464
Proceeds from borrowings on revolving credit facility — 1,162,000 2,708,000 2,414,000 3,101,000
Payments on revolving credit facility — (1,423,000) (2,734,000) (2,473,000) (2,755,000)
Proceeds from the issuance of long-term debt — 997,515 499,955 498,660 748,800
Principal payments on long-term debt (300,000) (500,000) — — —
Payment of debt issuance costs (3,412) (7,929) (3,990) (3,923) (7,590)
Free cash flow to equity (FCFE) 2,470,539 2,615,380 1,557,505 1,663,808 2,029,421

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).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to O’Reilly Automotive Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. O’Reilly Automotive Inc. FCFE increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

Price to FCFE Ratio, Current

O’Reilly Automotive Inc., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 62,575,911
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 2,470,539
FCFE per share 39.48
Current share price (P) 833.51
Valuation Ratio
P/FCFE 21.11
Benchmarks
P/FCFE, Competitors1
Amazon.com Inc. 90.65
Home Depot Inc. 17.81
Lowe’s Cos. Inc. 16.30
TJX Cos. Inc. 28.04
P/FCFE, Sector
Consumer Discretionary Distribution & Retail 69.20
P/FCFE, Industry
Consumer Discretionary 83.74

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

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 66,600,918 70,206,669 74,897,080 78,375,610 83,670,900
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 2,470,539 2,615,380 1,557,505 1,663,808 2,029,421
FCFE per share3 37.09 37.25 20.80 21.23 24.25
Share price1, 4 649.24 447.33 368.72 367.96 244.19
Valuation Ratio
P/FCFE5 17.50 12.01 17.73 17.33 10.07
Benchmarks
P/FCFE, Competitors6
Amazon.com Inc. — 55.66 63.35 — —
Home Depot Inc. 15.41 14.99 16.61 — —
Lowe’s Cos. Inc. 12.28 8.69 20.45 — —
TJX Cos. Inc. 10.55 19.71 21.79 — —
P/FCFE, Sector
Consumer Discretionary Distribution & Retail 59.10 38.09 38.19 — —
P/FCFE, Industry
Consumer Discretionary 86.53 30.52 28.87 — —

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.

2 See details »

3 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 2,470,539,000 ÷ 66,600,918 = 37.09

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
= 649.24 ÷ 37.09 = 17.50

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. O’Reilly Automotive Inc. P/FCFE ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.