Stock Analysis on Net
Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

Price to FCFE (P/FCFE)

Microsoft Excel

Free Cash Flow to Equity (FCFE)

lululemon athletica inc., FCFE calculation

US$ in thousands

Microsoft Excel
12 months ended: Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020 Feb 3, 2019
Net income 1,550,190 854,800 975,322 588,913 645,596 483,801
Net noncash charges 546,751 771,583 284,655 261,972 217,791 146,103
Changes in operating assets and liabilities 199,223 (659,920) 129,131 (47,549) (194,071) 112,875
Net cash provided by operating activities 2,296,164 966,463 1,389,108 803,336 669,316 742,779
Purchase of property and equipment (651,865) (638,657) (394,502) (229,226) (283,048) (225,807)
Free cash flow to equity (FCFE) 1,644,299 327,806 994,606 574,110 386,268 516,972

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to lululemon athletica 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. lululemon athletica inc. FCFE decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Price to FCFE Ratio, Current

lululemon athletica inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 120,892,132
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 1,644,299
FCFE per share 13.60
Current share price (P) 354.40
Valuation Ratio
P/FCFE 26.06
Benchmarks
P/FCFE, Competitors1
Nike Inc. 31.22
P/FCFE, Sector
Consumer Durables & Apparel 38.16
P/FCFE, Industry
Consumer Discretionary 32.42

Based on: 10-K (reporting date: 2024-01-28).

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

lululemon athletica inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020 Feb 3, 2019
No. shares of common stock outstanding1 126,008,093 127,164,641 127,913,369 130,367,628 130,165,083 130,949,856
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 1,644,299 327,806 994,606 574,110 386,268 516,972
FCFE per share3 13.05 2.58 7.78 4.40 2.97 3.95
Share price1, 4 478.84 320.31 343.97 317.09 200.80 146.80
Valuation Ratio
P/FCFE5 36.70 124.26 44.24 72.00 67.67 37.18
Benchmarks
P/FCFE, Competitors6
Nike Inc. — 37.66 39.39 44.23 20.27 30.51
P/FCFE, Sector
Consumer Durables & Apparel — 43.71 40.28 46.76 22.57 31.20
P/FCFE, Industry
Consumer Discretionary — 32.07 38.31 86.53 30.52 28.87

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 1,644,299,000 ÷ 126,008,093 = 13.05

4 Closing price as at the filing date of lululemon athletica inc. Annual Report.

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 478.84 ÷ 13.05 = 36.70

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. lululemon athletica inc. P/FCFE ratio increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.