Enterprise Value to FCFF (EV/FCFF)
Free Cash Flow to The Firm (FCFF)
Paramount Global, FCFF calculation
US$ in millions
Based on: 10-K (reporting date: 2022-12-31), 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).
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Paramount Global suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Paramount Global FCFF decreased from 2020 to 2021 and from 2021 to 2022. |
Interest Paid, Net of Tax
Paramount Global, interest paid, net of tax calculation
US$ in millions
Based on: 10-K (reporting date: 2022-12-31), 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).
2 2022 Calculation
Cash paid for interest, tax = Cash paid for interest × EITR
= 920 × 17.93% = 165
Enterprise Value to FCFF Ratio, Current
Paramount Global, current EV/FCFF calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 24,217) |
| Free cash flow to the firm (FCFF) | 255) |
| Valuation Ratio | |
| EV/FCFF | 94.95 |
| Benchmarks | |
| EV/FCFF, Competitors1 | |
| Alphabet Inc. | 29.96 |
| Comcast Corp. | 15.64 |
| Meta Platforms Inc. | 26.10 |
| Netflix Inc. | 36.57 |
| Walt Disney Co. | 33.86 |
| EV/FCFF, Sector | |
| Media & Entertainment | 40.23 |
| EV/FCFF, Industry | |
| Communication Services | 35.40 |
Based on: 10-K (reporting date: 2022-12-31).
1 Click competitor name to see calculations.
If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.
Enterprise Value to FCFF Ratio, Historical
Paramount Global, historical EV/FCFF calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 28,818) | 35,353) | 58,080) | 36,145) | 28,717) | |
| Free cash flow to the firm (FCFF)2 | 255) | 1,331) | 2,692) | 1,605) | 1,662) | |
| Valuation Ratio | ||||||
| EV/FCFF3 | 112.99 | 26.57 | 21.58 | 22.52 | 17.27 | |
| Benchmarks | ||||||
| EV/FCFF, Competitors4 | ||||||
| Alphabet Inc. | 20.67 | 27.17 | 29.53 | 28.19 | — | |
| Comcast Corp. | 17.93 | 15.77 | 20.50 | 18.00 | — | |
| Meta Platforms Inc. | 24.09 | 15.40 | 29.48 | 25.83 | — | |
| Netflix Inc. | 77.11 | 335.37 | 95.41 | — | — | |
| Walt Disney Co. | 90.23 | 78.66 | 63.77 | 143.18 | 18.02 | |
| EV/FCFF, Sector | ||||||
| Media & Entertainment | 23.60 | 24.79 | 31.56 | 32.03 | — | |
| EV/FCFF, Industry | ||||||
| Communication Services | 23.31 | 31.50 | 25.72 | 24.63 | — | |
Based on: 10-K (reporting date: 2022-12-31), 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).
3 2022 Calculation
EV/FCFF = EV ÷ FCFF
= 28,818 ÷ 255 = 112.99
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/FCFF | Enterprise value to free cash flow to the firm is whole company valuation indicator. | Paramount Global EV/FCFF ratio increased from 2020 to 2021 and from 2021 to 2022. |