When you check the Free Cash Flow (OCF - CapEx) the numbers for the previous 4 quarters ending with Q1/23 were: 400m, 197m, 557m and 437m. That is a total of 1.6bn. You can find these numbers also in the 10K and 10Q report. Where did you get your numbers from?
Hey, enjoyed the write up! Some of these numbers seem off. For instance, EV/FCF was closer to 16x in May 2023.
Thank you CAGR Capital!
Considering the Marketcap of roughly 26.5bn at the time of writing and net debt of 16.2bn I arrived at an EV of 42.7bn. TTM FCF at Q1/23 was 1.6bn.
This leaves us with 42.7/1.6 = 26.7 or roughly 27. I hope this makes sense
Would double check that FCF number! Should be well above $2B (~$2.4B) unless you're using an adj number or I'm missing something!
When you check the Free Cash Flow (OCF - CapEx) the numbers for the previous 4 quarters ending with Q1/23 were: 400m, 197m, 557m and 437m. That is a total of 1.6bn. You can find these numbers also in the 10K and 10Q report. Where did you get your numbers from?