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Price to FCFE (P/FCFE)
Difficulty: Intermediate
Free Cash Flow to Equity (FCFE)
Chevron Corp., FCFE calculation
USD $ in millions
Based on: 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).
| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to Chevron Corp.’s equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. | Chevron Corp.’s FCFE increased from 2015 to 2016 but then declined significantly from 2016 to 2017. |
Price to FCFE Ratio, Current
Chevron Corp., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (USD $) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors | |
| ConocoPhillips | |
| EOG Resources Inc. | |
| Exxon Mobil Corp. | |
| Occidental Petroleum Corp. | |
| Phillips 66 | |
| P/FCFE, Sector | |
| Oil & Gas Producers | |
| P/FCFE, Industry | |
| Oil & Gas | |
Based on: 10-K (filing date: 2018-02-22).
If company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Chevron Corp., historical P/FCFE calculation, comparison to benchmarks
Based on: 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-20), 10-K (filing date: 2014-02-21).
1 Data adjusted for splits and stock dividends.
3 Close price on the filing date of Chevron Corp.’s Annual Report.
2017 Calculations
4 FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
5 P/FCFE = Share price ÷ FCFE per share
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| P/FCFE | Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. | Chevron Corp.’s P/FCFE ratio declined from 2015 to 2016 and from 2016 to 2017. |
