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Johnson & Johnson (JNJ)
Price to FCFE (P/FCFE)
Medium level of difficulty
Free Cash Flow to Equity (FCFE)
Johnson & Johnson, FCFE calculation
US$ in millions
Based on: 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-24).
| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to Johnson & Johnson’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. | Johnson & Johnson’s FCFE increased from 2016 to 2017 but then declined significantly from 2017 to 2018. |
Price to FCFE Ratio, Current
Johnson & Johnson, current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Abbott Laboratories | |
| AbbVie Inc. | |
| Allergan PLC | |
| Amgen Inc. | |
| Biogen Inc. | |
| Bristol-Myers Squibb Co. | |
| Celgene Corp. | |
| Eli Lilly & Co. | |
| Gilead Sciences Inc. | |
| Merck & Co. Inc. | |
| Pfizer Inc. | |
| Regeneron Pharmaceuticals Inc. | |
| P/FCFE, Sector | |
| Pharmaceuticals & Biotechnology | |
| P/FCFE, Industry | |
| Health Care | |
Based on: 10-K (filing date: 2019-02-20).
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
Johnson & Johnson, historical P/FCFE calculation, comparison to benchmarks
| Dec 30, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 28, 2014 | ||
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| No. shares of common stock outstanding1 | |
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| Free cash flow to equity (FCFE) (in millions)2 | |
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| FCFE per share3 | |
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| Share price1, 4 | |
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| P/FCFE5 | |
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| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Abbott Laboratories | |
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| AbbVie Inc. | |
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| Allergan PLC | |
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| Amgen Inc. | |
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| Biogen Inc. | |
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| Bristol-Myers Squibb Co. | |
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| Celgene Corp. | |
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| Eli Lilly & Co. | |
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| Gilead Sciences Inc. | |
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| Merck & Co. Inc. | |
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| Pfizer Inc. | |
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| Regeneron Pharmaceuticals Inc. | |
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| P/FCFE, Sector | ||||||
| Pharmaceuticals & Biotechnology | |
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| P/FCFE, Industry | ||||||
| Health Care | |
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Based on: 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-24).
1 Data adjusted for splits and stock dividends.
3 2018 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of Johnson & Johnson’s Annual Report.
5 2018 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
6 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/FCFE | Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. | Johnson & Johnson’s P/FCFE ratio increased from 2016 to 2017 and from 2017 to 2018. |