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Price to FCFE (P/FCFE)
Difficulty: Intermediate
Free Cash Flow to Equity (FCFE)
TJX Cos. Inc., FCFE calculation
USD $ in thousands
Based on: 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01), 10-K (filing date: 2013-04-02).
| Item | Description | The company |
|---|---|---|
| FCFE | Free cash flow to equity is the cash flow available to TJX Cos. Inc.’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. | TJX Cos. Inc.’s FCFE increased from 2016 to 2017 but then declined significantly from 2017 to 2018. |
Price to FCFE Ratio, Current
TJX Cos. Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (USD $) | |
| Free cash flow to equity (FCFE) (in thousands) | |
| FCFE per share | |
| Current share price (P) | |
| Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors | |
| Amazon.com Inc. | |
| Costco Wholesale Corp. | |
| eBay Inc. | |
| Home Depot Inc. | |
| Lowe’s Cos. Inc. | |
| Netflix Inc. | |
| Target Corp. | |
| Walmart Inc. | |
| P/FCFE, Sector | |
| General Retailers | |
| P/FCFE, Industry | |
| Consumer Services | |
Based on: 10-K (filing date: 2018-04-04).
If company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
TJX Cos. Inc., historical P/FCFE calculation, comparison to benchmarks
Based on: 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01), 10-K (filing date: 2013-04-02).
1 Data adjusted for splits and stock dividends.
3 Close price on the filing date of TJX Cos. Inc.’s Annual Report.
2018 Calculations
4 FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
5 P/FCFE = Share price ÷ FCFE per share
= ÷ =
| Ratio | Description | The company |
|---|---|---|
| P/FCFE | Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. | TJX Cos. Inc.’s P/FCFE ratio declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level. |
