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Medtronic PLC (MDT)
Price to FCFE (P/FCFE)
Medium level of difficulty
Free Cash Flow to Equity (FCFE)
Medtronic PLC, FCFE calculation
US$ in millions
Based on: 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23), 10-K (filing date: 2014-06-20).
| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to Medtronic PLC’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. | Medtronic PLC’s FCFE declined from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level. |
Price to FCFE Ratio, Current
Medtronic PLC, 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 | |
| Becton, Dickinson & Co. | |
| Intuitive Surgical Inc. | |
| Stryker Corp. | |
| Thermo Fisher Scientific Inc. | |
| UnitedHealth Group Inc. | |
| P/FCFE, Sector | |
| Health Care Equipment & Services | |
| P/FCFE, Industry | |
| Health Care | |
Based on: 10-K (filing date: 2019-06-21).
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
Medtronic PLC, historical P/FCFE calculation, comparison to benchmarks
| Apr 26, 2019 | Apr 27, 2018 | Apr 28, 2017 | Apr 29, 2016 | Apr 24, 2015 | Apr 25, 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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| Valuation Ratio | |||||||
| P/FCFE5 | |
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| P/FCFE, Competitors6 | |||||||
| Becton, Dickinson & Co. | |
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| Intuitive Surgical Inc. | |
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| Stryker Corp. | |
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| Thermo Fisher Scientific Inc. | |
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| UnitedHealth Group Inc. | |
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| P/FCFE, Sector | |||||||
| Health Care Equipment & Services | |
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| P/FCFE, Industry | |||||||
| Health Care | |
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Based on: 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23), 10-K (filing date: 2014-06-20).
1 Data adjusted for splits and stock dividends.
3 2019 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of Medtronic PLC’s Annual Report.
5 2019 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. | Medtronic PLC’s P/FCFE ratio declined from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level. |