United Parcel Service Inc. (UPS)

United Parcel Service Inc., FCFE calculation

US$ in millions

	12 months ended	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	Net income
	Net noncash charges
	Changes in assets and liabilities, net of effects of business acquisitions
	Net cash from operating activities
	Capital expenditures
	Proceeds from disposals of property, plant and equipment
	Net change in short-term debt
	Proceeds from long-term borrowings
	Repayments of long-term borrowings
	Free cash flow to equity (FCFE)

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-27).

United Parcel Service Inc., 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
CSX Corp.
FedEx Corp.
Union Pacific Corp.
P/FCFE, Sector
Industrial Transportation
P/FCFE, Industry
Industrials

Based on: 10-K (filing date: 2019-02-21).

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.

United Parcel Service Inc., historical P/FCFE calculation, comparison to benchmarks

		Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	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
	CSX Corp.
	FedEx Corp.
	Union Pacific Corp.
	P/FCFE, Sector
	Industrial Transportation
	P/FCFE, Industry
	Industrials

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-27).