Price to FCFE (P/FCFE)
Paying user area
Try for free
SLB N.V. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to SLB N.V. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Free Cash Flow to Equity (FCFE)
SLB N.V., FCFE calculation
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Net Cash Provided by Operating Activities
- The net cash provided by operating activities shows an overall increasing trend from 2020 to 2024. Beginning at 2,944 million US dollars in 2020, the figure rose significantly to 4,651 million in 2021. Although there was a decline to 3,720 million in 2022, the amount rebounded strongly in the following years, reaching 6,637 million in 2023 and maintaining a similar level at 6,602 million in 2024. This volatility reflects some operational fluctuations but ultimately a solid enhancement in cash generation capacity over the five-year period.
- Free Cash Flow to Equity (FCFE)
- The FCFE displayed more variability over the period under review. After a robust figure of 2,254 million US dollars in 2020, it dropped sharply to 850 million in 2021, followed by a negative cash flow of -195 million in 2022. This negative result signals challenges in capital expenditures, debt servicing, or other financial activities impacting equity holders during that year. However, recovery occurred in subsequent years, with FCFE increasing substantially to 3,456 million in 2023 and growing further to 4,395 million in 2024, indicating improved financial health and greater returns available to equity investors.
- Overall Analysis
- The company's operational cash flow exhibits resilience and growth potential despite some fluctuations, particularly the temporary decline in 2022. The FCFE mirrors more pronounced volatility but ultimately reflects a strong recovery, suggesting effective management of financial resources and obligations after a period of strain. These trends highlight the company's ability to generate cash from operations consistently while managing equity-related cash flows with increasing effectiveness in recent years.
Price to FCFE Ratio, Current
SLB N.V., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Industry | |
| Energy | |
Based on: 10-K (reporting date: 2024-12-31).
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
SLB N.V., historical P/FCFE calculation, comparison to benchmarks
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 Data adjusted for splits and stock dividends.
3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of SLB N.V. Annual Report.
5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
The financial data shows several important trends and fluctuations over the five-year period from 2020 to 2024.
- Share Price
- The share price experienced significant growth from 21.81 US$ in 2020 to a peak of 56.25 US$ in 2022. Following this peak, the price declined to 51.67 US$ in 2023 and further dropped to 41.63 US$ by the end of 2024. This trajectory indicates an initial period of strong market confidence and appreciation, followed by a correction or reduced investor enthusiasm in the last two years of the period.
- Free Cash Flow to Equity (FCFE) per Share
- The FCFE per share showed substantial variability over the years. It started moderately at 1.62 US$ in 2020, fell sharply to 0.61 US$ in 2021, and turned negative at -0.14 US$ in 2022. This negative value suggests cash outflows impacting equity holders during that year. Recovery occurred in subsequent years, with FCFE rising to 2.42 US$ in 2023 and further to 3.14 US$ in 2024, indicating improving financial health and increased cash availability for shareholders.
- Price to FCFE Ratio (P/FCFE)
- The P/FCFE ratio shows pronounced volatility. It started at 13.47 in 2020, surged dramatically to 65.71 in 2021 coinciding with a sharp FCFE decline, indicating market valuation may have been disconnected from cash flow fundamentals during that year. The ratio for 2022 is unavailable, likely due to negative FCFE values which render this metric less meaningful. In 2023 and 2024, the ratio decreased to 21.34 and 13.27 respectively, aligning more closely with earlier years and reflecting a normalization of market valuation relative to cash flow generation.
Overall, the data reveals a period of initial growth followed by financial strain in 2021 and 2022, marked by reduced and negative cash flows. The recovery in FCFE during 2023 and 2024 accompanied by a falling share price suggests cautious market sentiment despite improved cash flow performance. The P/FCFE ratio variations imply fluctuating investor perceptions relative to the company’s cash-generating ability over this timeframe.