Price to FCFE (P/FCFE)
Free Cash Flow to Equity (FCFE)
EOG Resources Inc., FCFE calculation
US$ in thousands
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
The financial data reveals a significant expansion in cash-generating capacity and a transition in the equity cash flow position between 2015 and 2019. While operational cash inflows grew substantially over the five-year period, the free cash flow available to shareholders shifted from a period of consistent deficit to a period of surplus.
- Net Cash Provided by Operating Activities
- Operating cash flows demonstrated a strong overall upward trajectory, increasing from 3,595,165 thousand US dollars in 2015 to 8,163,180 thousand US dollars by 2019. A temporary decline was observed in 2016, where cash provided by operations fell to 2,359,063 thousand US dollars, before entering a phase of rapid growth. The most significant acceleration occurred between 2017 and 2018, during which the value nearly doubled from 4,265,336 thousand US dollars to 7,768,608 thousand US dollars.
- Free Cash Flow to Equity (FCFE)
- FCFE remained negative from 2015 through 2017, recording deficits of 674,006 thousand US dollars, 57,784 thousand US dollars, and 458,906 thousand US dollars respectively. This pattern suggests that capital expenditures and debt repayments exceeded operating cash inflows during this timeframe. A pivot to positive territory was achieved in 2018 with a surplus of 1,342,133 thousand US dollars, followed by 835,638 thousand US dollars in 2019. This transition indicates a shift toward a more sustainable balance between operational earnings and capital reinvestment.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Price to FCFE Ratio, Current
EOG Resources Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | 582,054,451 |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in thousands) | 835,638) |
| FCFE per share | 1.44 |
| Current share price (P) | 60.00 |
| Valuation Ratio | |
| P/FCFE | 41.79 |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Chevron Corp. | 18.54 |
| ConocoPhillips | 25.52 |
| ExxonMobil Holdings Corp. | 28.40 |
Based on: 10-K (reporting date: 2019-12-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
EOG Resources Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 582,054,451 | 580,053,225 | 578,636,343 | 576,832,077 | 549,883,390 | |
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in thousands)2 | 835,638) | 1,342,133) | (458,906) | (57,784) | (674,006) | |
| FCFE per share3 | 1.44 | 2.31 | -0.79 | -0.10 | -1.23 | |
| Share price1, 4 | 60.00 | 93.91 | 106.94 | 97.91 | 68.50 | |
| Valuation Ratio | ||||||
| P/FCFE5 | 41.79 | 40.59 | — | — | — | |
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Chevron Corp. | — | — | — | — | — | |
| ConocoPhillips | — | — | — | — | — | |
| ExxonMobil Holdings Corp. | — | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 Data adjusted for splits and stock dividends.
3 2019 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 835,638,000 ÷ 582,054,451 = 1.44
4 Closing price as at the filing date of EOG Resources Inc. Annual Report.
5 2019 Calculation
P/FCFE = Share price ÷ FCFE per share
= 60.00 ÷ 1.44 = 41.79
6 Click competitor name to see calculations.
The financial performance between 2015 and 2019 is characterized by a significant transition from negative to positive cash flow generation and a subsequent correction in equity valuation.
- Share Price Trends
- An upward trajectory in share price was observed from 2015 to 2017, peaking at 106.94 US$. This period of growth was followed by a sustained decline, with the price dropping to 93.91 US$ in 2018 and further decreasing to 60.00 US$ by the end of 2019.
- Free Cash Flow to Equity (FCFE) per Share
- FCFE per share remained negative from 2015 through 2017, indicating that cash outflows exceeded inflows during these years. A pivot to positive territory occurred in 2018, where FCFE per share reached 2.31 US$. In 2019, although remaining positive, the figure moderated to 1.44 US$.
- Price to FCFE (P/FCFE) Ratio Analysis
- The P/FCFE ratio was not applicable during the years of negative cash flow. Following the shift to positive FCFE, the ratio was recorded at 40.59 in 2018. By 2019, the ratio increased slightly to 41.79. This marginal increase occurred because the decline in the share price was mirrored by a simultaneous reduction in FCFE per share, maintaining a relatively stable valuation multiple despite the downward pressure on the stock price.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?