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General Dynamics Corp. (GD)
Enterprise Value to FCFF (EV/FCFF)
Medium level of difficulty
Free Cash Flow to The Firm (FCFF)
General Dynamics Corp., FCFF calculation
US$ in millions
Based on: 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08), 10-K (filing date: 2015-02-09).
| Item | Description | The company |
|---|---|---|
| FCFF | Free cash flow to the firm is the cash flow available to the General Dynamics Corp.’s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | General Dynamics Corp.’s FCFF increased from 2016 to 2017 but then slightly declined from 2017 to 2018. |
Interest Paid, Net of Tax
General Dynamics Corp., interest paid, net of tax calculation
US$ in millions
Based on: 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08), 10-K (filing date: 2015-02-09).
2 2018 Calculation
Interest payments, tax = Interest payments × EITR
= × =
Enterprise Value to FCFF Ratio, Current
General Dynamics Corp., current EV/FCFF calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | |
| Free cash flow to the firm (FCFF) | |
| Valuation Ratio | |
| EV/FCFF | |
| Benchmarks | |
| EV/FCFF, Competitors1 | |
| Boeing Co. | |
| Lockheed Martin Corp. | |
| Northrop Grumman Corp. | |
| Raytheon Co. | |
| United Technologies Corp. | |
| EV/FCFF, Sector | |
| Aerospace & Defense | |
| EV/FCFF, Industry | |
| Industrials | |
Based on: 10-K (filing date: 2019-02-13).
1 Click competitor name to see calculations.
If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.
Enterprise Value to FCFF Ratio, Historical
General Dynamics Corp., historical EV/FCFF calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
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| EV/FCFF, Competitors4 | ||||||
| Boeing Co. | |
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| Lockheed Martin Corp. | |
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| Northrop Grumman Corp. | |
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| Raytheon Co. | |
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| United Technologies Corp. | |
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| EV/FCFF, Sector | ||||||
| Aerospace & Defense | |
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| EV/FCFF, Industry | ||||||
| Industrials | |
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Based on: 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08), 10-K (filing date: 2015-02-09).
3 2018 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/FCFF | Enterprise value to free cash flow to the firm is whole company valuation indicator. | General Dynamics Corp.’s EV/FCFF ratio declined from 2016 to 2017 but then slightly increased from 2017 to 2018. |