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Enterprise Value to FCFF (EV/FCFF)
Difficulty: Intermediate
Free Cash Flow to The Firm (FCFF)
FedEx Corp., FCFF calculation
USD $ in millions
1, 2 See Details »
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the FedEx Corp.'s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | FedEx Corp.'s FCFF declined from 2016 to 2017 and from 2017 to 2018. |
Interest Paid, Net of Tax
FedEx Corp., interest paid, net of tax calculation
USD $ in millions
2018 Calculations
2 Cash payments for interest, net of capitalized interest, tax = Cash payments for interest, net of capitalized interest × EITR
= × % =
3 Capitalized interest, tax = Capitalized interest × EITR
= × % =
Enterprise Value to FCFF Ratio, Current
FedEx Corp., current EV/FCFF calculation, comparison to benchmarks
| Selected Financial Data (USD $ in millions) | |
| Enterprise value (EV) | |
| Free cash flow to the firm (FCFF) | |
| Ratio | |
| EV/FCFF | |
| Benchmarks | |
| EV/FCFF, Competitors | |
| Union Pacific Corp. | |
| United Parcel Service Inc. | |
| EV/FCFF, Sector | |
| Industrial Transportation | |
| EV/FCFF, Industry | |
| Industrials | |
If company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.
Enterprise Value to FCFF Ratio, Historical
FedEx Corp., historical EV/FCFF calculation, comparison to benchmarks
2018 Calculations
3 EV/FCFF = EV ÷ FCFF
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| EV/FCFF | Enterprise value to free cash flow to the firm is whole company valuation indicator. | FedEx Corp.'s EV/FCFF ratio increased from 2016 to 2017 but then declined significantly from 2017 to 2018. |
