Price to FCFE (P/FCFE)
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Reportable Segments
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
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Free Cash Flow to Equity (FCFE)
Fair Isaac Corp., FCFE calculation
US$ in thousands
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30).
- Net cash provided by operating activities
- The net cash provided by operating activities showed a strong upward trend overall from 2019 to 2024. Starting at 260,350 thousand USD in 2019, it increased significantly each year, with a notable jump to 509,450 thousand USD in 2022. Although there was a slight decline in 2023 to 468,915 thousand USD, the value rebounded sharply to reach a peak of 632,964 thousand USD in 2024. This pattern indicates robust operational cash generation capacity with some variability in the short term.
- Free cash flow to equity (FCFE)
- The free cash flow to equity exhibited marked volatility across the period. Beginning at 295,424 thousand USD in 2019, it rose steadily to 349,371 thousand USD in 2020, followed by a substantial surge to 837,584 thousand USD in 2021 and peaking at 1,095,352 thousand USD in 2022. However, in 2023, FCFE experienced a significant drop to 469,678 thousand USD before recovering again in 2024 to 950,374 thousand USD. This pattern suggests that while the company generated strong free cash flow to equity over the long term, fluctuations occurred possibly due to variations in capital expenditures, financing activities, or other cash outflows affecting equity holders.
Price to FCFE Ratio, Current
Fair Isaac Corp., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in thousands) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Accenture PLC | |
| Adobe Inc. | |
| Cadence Design Systems Inc. | |
| CrowdStrike Holdings Inc. | |
| International Business Machines Corp. | |
| Intuit Inc. | |
| Microsoft Corp. | |
| Oracle Corp. | |
| Palantir Technologies Inc. | |
| Palo Alto Networks Inc. | |
| Salesforce Inc. | |
| ServiceNow Inc. | |
| Synopsys Inc. | |
| Workday Inc. | |
| P/FCFE, Sector | |
| Software & Services | |
| P/FCFE, Industry | |
| Information Technology | |
Based on: 10-K (reporting date: 2024-09-30).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Fair Isaac Corp., historical P/FCFE calculation, comparison to benchmarks
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||
| Selected Financial Data (US$) | |||||||
| Free cash flow to equity (FCFE) (in thousands)2 | |||||||
| FCFE per share3 | |||||||
| Share price1, 4 | |||||||
| Valuation Ratio | |||||||
| P/FCFE5 | |||||||
| Benchmarks | |||||||
| P/FCFE, Competitors6 | |||||||
| Accenture PLC | |||||||
| Adobe Inc. | |||||||
| Cadence Design Systems Inc. | |||||||
| CrowdStrike Holdings Inc. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| Palantir Technologies Inc. | |||||||
| Palo Alto Networks Inc. | |||||||
| Salesforce Inc. | |||||||
| ServiceNow Inc. | |||||||
| Synopsys Inc. | |||||||
| Workday Inc. | |||||||
| P/FCFE, Sector | |||||||
| Software & Services | |||||||
| P/FCFE, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30).
1 Data adjusted for splits and stock dividends.
3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of Fair Isaac Corp. Annual Report.
5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
6 Click competitor name to see calculations.
- Share Price Trend
- The share price shows a notable upward trajectory over the examined period. Starting at $331.59 in 2019, it experienced moderate fluctuations through 2021 and 2022, including a decline to $388.61 in 2021 followed by a recovery to $443.77 in 2022. From 2023 onwards, the share price increased significantly, more than doubling from $940.43 in 2023 to $2,090.63 in 2024, indicating strong market confidence or positive developments influencing the stock value.
- Free Cash Flow to Equity (FCFE) per Share
- FCFE per share grew substantially between 2019 and 2022, increasing from $10.2 to $43.86. This represents a strong improvement in the company’s cash flow generation available to shareholders. However, in 2023, FCFE per share dropped sharply to $19, indicating a potential reduction in cash flows or an unusual event impacting free cash flow. This was followed by a recovery to $39.03 in 2024, suggesting some stabilization or resumed growth in free cash flow generation.
- Price to FCFE Ratio (P/FCFE)
- The P/FCFE ratio fluctuated notably during the period. Initially, it was relatively high at 32.51 in 2019 and peaked at 38.46 in 2020, reflecting possibly elevated stock prices relative to cash flow at that time. The ratio then declined substantially in 2021 and 2022, reaching lows of 12.69 and 10.12 respectively, indicating the market was pricing the shares more cheaply relative to free cash flow, possibly due to the sharp increase in FCFE per share. In contrast, 2023 and 2024 saw a sharp increase in the P/FCFE ratio to 49.48 and 53.56, respectively, driven by the surge in share price despite FCFE per share being lower or moderate, pointing to a market valuation that may be increasingly optimistic or speculative relative to the company's cash flow fundamentals.
- Overall Analysis
- The data suggests a company with improving free cash flow performance between 2019 and 2022, accompanied by fluctuating market valuation metrics. The sharp decline in FCFE in 2023 followed by its recovery, combined with a very strong share price rise, has caused significant expansion in the P/FCFE ratio in the latest years, signaling a heightened price premium on the stock. Such a pattern may warrant closer examination of underlying business factors driving the stock price amidst varying cash flow results, as valuation appears increasingly disconnected from FCFE in recent years.