Price to FCFE (P/FCFE)
Paying user area
Try for free
Super Micro Computer Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Super Micro Computer Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Free Cash Flow to Equity (FCFE)
Super Micro Computer Inc., FCFE calculation
US$ in thousands
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
- Net Cash Provided by (Used in) Operating Activities
- Over the six-year period from June 30, 2019, to June 30, 2024, there is a pronounced volatility in the net cash flow generated by operating activities. Initially, a strong positive cash flow of approximately $262.6 million was recorded in 2019, followed by a sharp decline to a negative cash flow of about $30.3 million in 2020. The subsequent year saw a recovery with positive operating cash flow reaching approximately $123.0 million in 2021. However, the trend reversed dramatically in 2022 with a negative cash flow exceeding $440.8 million. In 2023, the cash flow surged back to a substantial positive amount of roughly $663.6 million. The most recent data point in 2024 indicates a significant negative cash flow of approximately $2.5 billion, marking the largest cash outflow in the timeframe and suggesting considerable operational cash challenges or significant changes in working capital or operational conditions.
- Free Cash Flow to Equity (FCFE)
- The free cash flow to equity has exhibited considerable fluctuations throughout the examined period. Starting at around $145.2 million in 2019, the FCFE turned negative in 2020 with a decline to approximately -$70.8 million, indicating cash outflows to equity holders or increased capital expenditures exceeding operating cash flows. In 2021, the FCFE returned to a positive figure of about $130.8 million, signaling improved profitability or cash generation after investment activities. The year 2022 showed a modest positive free cash flow of roughly $26.0 million, which is lower than previous positive years, indicating a more cautious or constrained cash position. An increase occurred in 2023, with FCFE rising to approximately $326.3 million, the highest positive value in the dataset, reflecting strengthened cash distribution capacity to equity holders. However, in 2024, FCFE sharply declined to a negative value of around -$725.5 million, which correlates with the significant negative operating cash flow and highlights potential cash flow pressures affecting equity returns or investment funding needs.
Price to FCFE Ratio, Current
Super Micro Computer Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in thousands) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Apple Inc. | |
| Arista Networks Inc. | |
| Cisco Systems Inc. | |
| Dell Technologies Inc. | |
| P/FCFE, Sector | |
| Technology Hardware & Equipment | |
| P/FCFE, Industry | |
| Information Technology | |
Based on: 10-K (reporting date: 2024-06-30).
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
Super Micro Computer Inc., historical P/FCFE calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| 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 | |||||||
| Apple Inc. | |||||||
| Arista Networks Inc. | |||||||
| Cisco Systems Inc. | |||||||
| Dell Technologies Inc. | |||||||
| P/FCFE, Sector | |||||||
| Technology Hardware & Equipment | |||||||
| P/FCFE, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
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 Super Micro Computer 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 demonstrates a consistent upward trend over the observed period. Starting at $2.27 in mid-2019, it increased modestly through 2020 and 2021 to $3.57. From 2022 onwards, the growth accelerated significantly, reaching $6.93 and continuing to rise sharply to $25.52 in 2023 and $45.54 in 2024, indicating strong market confidence or positive investor sentiment during the recent years.
- Free Cash Flow to Equity (FCFE) per Share
- The FCFE per share exhibits notable volatility over the years. It began at $0.29 in 2019 and declined to a negative value of -$0.14 in 2020, signaling potential cash flow challenges during that year. Recovery occurred in 2021 with a positive $0.26, followed by a reduction to $0.05 in 2022. A significant improvement was observed in 2023, with FCFE per share reaching $0.62. However, this was followed by a marked downturn in 2024, plunging to -$1.22, the lowest in the period examined, which could suggest operational or financial difficulties impacting cash generation for equity holders.
- Price to FCFE Ratio (P/FCFE)
- The P/FCFE ratio shows considerable fluctuations corresponding to the variations in FCFE and share price. In 2019, the ratio stood at 7.83, which is moderate. Data is absent for 2020. In 2021, the ratio increased to 13.81, indicating possibly a higher valuation relative to free cash flow. The ratio spiked dramatically in 2022 to 139.27, reflecting the low FCFE per share in that year combined with an increasing share price, signaling overvaluation or market anticipation of future growth. In 2023, the ratio decreased to 41.38 but remained elevated compared to earlier years, highlighting continued market optimism despite volatility in free cash flows. The ratio for 2024 is not available, likely due to the negative FCFE per share making the ratio non-meaningful or undefined.