.Price to FCFE (P/FCFE)
Difficulty: Intermediate
Free Cash Flow to Equity (FCFE)
Exxon Mobil Corp., FCFE calculation
USD $ in millions
| 12 months ended | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
|---|---|---|---|---|---|---|
| | Net income attributable to ExxonMobil | |||||
| | Net income attributable to noncontrolling interests | |||||
| | Net noncash charges | |||||
| | Changes in operational working capital, excluding cash and debt | |||||
| | Net cash provided by operating activities | |||||
| | Additions to property, plant and equipment | |||||
| | Additions to long-term debt | |||||
| | Reductions in long-term debt | |||||
| | Additions to short-term debt | |||||
| | Reductions in short-term debt | |||||
| | Additions/(reductions) in commercial paper, and debt with three months or less maturity | |||||
| | Free cash flow to equity (FCFE) |
| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to Exxon Mobil 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. | Exxon Mobil Corp.'s FCFE declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level. |
Price to FCFE Ratio, Current
Exxon Mobil 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 | |
| Chevron Corp. | |
| ConocoPhillips | |
| EOG Resources Inc. | |
| Occidental Petroleum Corp. | |
| Phillips 66 | |
| P/FCFE, Sector | |
| Oil & Gas Producers | |
| P/FCFE, Industry | |
| Oil & Gas | |
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
Exxon Mobil Corp., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (USD $) | ||||||
| | Free cash flow to equity (FCFE) (in millions)2 | |||||
| | FCFE per share4 | |||||
| Share price1, 3 | ||||||
| Ratio | ||||||
| | P/FCFE5 | |||||
| Benchmarks | ||||||
| P/FCFE, Competitors | ||||||
| Chevron Corp. | ||||||
| ConocoPhillips | ||||||
| EOG Resources Inc. | ||||||
| Occidental Petroleum Corp. | ||||||
| Phillips 66 | ||||||
| P/FCFE, Sector | ||||||
| Oil & Gas Producers | ||||||
| P/FCFE, Industry | ||||||
| Oil & Gas | ||||||
1 Data adjusted for splits and stock dividends.
3 Close price on the filing date of Exxon Mobil 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. | Exxon Mobil Corp.'s P/FCFE ratio increased from 2015 to 2016 but then declined significantly from 2016 to 2017. |
