FCF yield

Free cash flow yield on market cap

One of the 61 measures in Stock Scorer, under Valuation — What does the price ask for what the company earns, owns and pays out?

How it is worked out

(Operating cash flow − capital expenditure) ÷ market capitalisation × 100

Free cash flow expressed as a return on the share price — the same information as price to free cash flow, the other way up. Before stock pay.

How to read it

before stock compensation, unlike the owner-earnings measure, so read the two together

Which figures it needs

Computed from 2 figures taken from the filing:

• ocf
• capex

The XBRL tags behind it

These are the element names looked for in a filing, in order. The first one a company reports is the one used, and the company page names which it was — so any figure here can be checked against the filing it came from.

• NetCashProvidedByUsedInOperatingActivities
• NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
• CashFlowsFromUsedInOperatingActivities
• CashFlowsFromUsedInOperatingActivitiesContinuingOperations
• PaymentsToAcquirePropertyPlantAndEquipment
• PaymentsToAcquireProductiveAssets
• PaymentsToAcquirePropertyPlantAndEquipmentExcludingInterestCapitalized
• PaymentsToAcquireOtherPropertyPlantAndEquipment
• PaymentsToAcquireOtherProductiveAssets
• PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities
• PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets

Whether it counts

This measure is not counted by default. It can be added to Valuation on the dashboard, and it then takes its share of that dimension.