Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Medtronic PLC (NYSE:MDT)

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Price to FCFE (P/FCFE)

Intermediate level


Free Cash Flow to Equity (FCFE)

Medtronic PLC, FCFE calculation

US$ in millions

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12 months ended: Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
Net income attributable to Medtronic
Net (income) loss attributable to noncontrolling interests
Net noncash charges
Change in operating assets and liabilities, net of acquisitions and divestitures
Net cash provided by operating activities
Additions to property, plant, and equipment
Change in current debt obligations, net
Issuance of long-term debt
Payments on long-term debt
Free cash flow to equity (FCFE)

Based on: 10-K (filing date: 2020-06-19), 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).

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 increased from 2018 to 2019 and from 2019 to 2020.

Price to FCFE Ratio, Current

Medtronic PLC, current P/FCFE calculation, comparison to benchmarks

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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.
Boston Scientific Corp.
Danaher Corp.
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: 2020-06-19).

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

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Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
No. shares of common stock outstanding1
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2
FCFE per share3
Share price1, 4
Valuation Ratio
P/FCFE5
Benchmarks
P/FCFE, Competitors6
Becton, Dickinson & Co.
Boston Scientific Corp.
Danaher Corp.
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: 2020-06-19), 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).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2020 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 2020 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 increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.