Price to FCFE (P/FCFE)
Free Cash Flow to Equity (FCFE)
Yahoo! Inc., FCFE calculation
US$ in thousands
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to Yahoo! 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. | Yahoo! Inc. FCFE decreased from 2014 to 2015 but then increased from 2015 to 2016 exceeding 2014 level. |
Price to FCFE Ratio, Current
Yahoo! Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | 958,198,997 |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in thousands) | 1,258,996) |
| FCFE per share | 1.31 |
| Current share price (P) | 49.49 |
| Valuation Ratio | |
| P/FCFE | 37.67 |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Accenture PLC | 21.77 |
| Adobe Inc. | 32.99 |
| International Business Machines Corp. | 9.91 |
| Intuit Inc. | 43.18 |
| Microsoft Corp. | 53.95 |
| Oracle Corp. | 15.23 |
| Palo Alto Networks Inc. | 95.41 |
| Salesforce Inc. | 34.87 |
| ServiceNow Inc. | 55.83 |
| Synopsys Inc. | 53.26 |
Based on: 10-K (reporting date: 2016-12-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Yahoo! Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 956,487,217 | 946,811,547 | 936,120,954 | 1,009,392,339 | 1,101,295,389 | |
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in thousands)2 | 1,258,996) | (2,902,120) | 608,195) | 2,346,910) | (790,860) | |
| FCFE per share3 | 1.32 | -3.07 | 0.65 | 2.33 | -0.72 | |
| Share price1, 4 | 46.24 | 31.79 | 44.28 | 38.67 | 21.94 | |
| Valuation Ratio | ||||||
| P/FCFE5 | 35.13 | — | 68.15 | 16.63 | — | |
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Accenture PLC | — | — | — | — | — | |
| Adobe Inc. | — | — | — | — | — | |
| International Business Machines Corp. | — | — | — | — | — | |
| Intuit Inc. | — | — | — | — | — | |
| Microsoft Corp. | — | — | — | — | — | |
| Oracle Corp. | — | — | — | — | — | |
| Palo Alto Networks Inc. | — | — | — | — | — | |
| Salesforce Inc. | — | — | — | — | — | |
| ServiceNow Inc. | — | — | — | — | — | |
| Synopsys Inc. | — | — | — | — | — | |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 Data adjusted for splits and stock dividends.
3 2016 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 1,258,996,000 ÷ 956,487,217 = 1.32
4 Closing price as at the filing date of Yahoo! Inc. Annual Report.
5 2016 Calculation
P/FCFE = Share price ÷ FCFE per share
= 46.24 ÷ 1.32 = 35.13
6 Click competitor name to see calculations.