Enterprise Value to FCFF (EV/FCFF)
Free Cash Flow to The Firm (FCFF)
Twenty-First Century Fox Inc., FCFF calculation
US$ in millions
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the Twenty-First Century Fox Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Twenty-First Century Fox Inc. FCFF increased from 2016 to 2017 and from 2017 to 2018. |
Interest Paid, Net of Tax
Twenty-First Century Fox Inc., interest paid, net of tax calculation
US$ in millions
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).
2 2018 Calculation
Cash paid for interest, tax = Cash paid for interest × EITR
= 1,209 × 28.00% = 339
Enterprise Value to FCFF Ratio, Current
Twenty-First Century Fox Inc., current EV/FCFF calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 104,923) |
| Free cash flow to the firm (FCFF) | 4,546) |
| Valuation Ratio | |
| EV/FCFF | 23.08 |
| Benchmarks | |
| EV/FCFF, Competitors1 | |
| Alphabet Inc. | 27.06 |
| Comcast Corp. | 16.03 |
| Meta Platforms Inc. | 27.64 |
| Netflix Inc. | 34.09 |
| Walt Disney Co. | 36.92 |
Based on: 10-K (reporting date: 2018-06-30).
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
Twenty-First Century Fox Inc., historical EV/FCFF calculation, comparison to benchmarks
| Jun 30, 2018 | Jun 30, 2017 | Jun 30, 2016 | Jun 30, 2015 | Jun 30, 2014 | Jun 30, 2013 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Enterprise value (EV)1 | 97,094) | 67,184) | 65,245) | 72,403) | 95,442) | 85,538) | |
| Free cash flow to the firm (FCFF)2 | 4,546) | 4,248) | 3,643) | 4,248) | 3,141) | 3,255) | |
| Valuation Ratio | |||||||
| EV/FCFF3 | 21.36 | 15.82 | 17.91 | 17.04 | 30.39 | 26.28 | |
| Benchmarks | |||||||
| EV/FCFF, Competitors4 | |||||||
| Alphabet Inc. | — | — | — | — | — | — | |
| Comcast Corp. | — | — | — | — | — | — | |
| Meta Platforms Inc. | — | — | — | — | — | — | |
| Netflix Inc. | — | — | — | — | — | — | |
| Walt Disney Co. | 18.02 | — | — | — | — | — | |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).
3 2018 Calculation
EV/FCFF = EV ÷ FCFF
= 97,094 ÷ 4,546 = 21.36
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. | Twenty-First Century Fox Inc. EV/FCFF ratio decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level. |