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Free Cash Flow to Equity

   Also found in: Acronyms 0.01 sec.
Free Cash Flow to Equity
The cash that a company has on hand after all debt service and expenses have been paid and reinvestment has been made. The free cash flow to equity is calculated thusly:

FCFE = Net income + newly borrowed debt - capital expenditures - change in net working capital - debt service.

FCFE is a measure of a company's value and is considered an alternative to the dividend discount model.

Free Cash Flow to Equity (FCFE)

What Does Free Cash Flow to Equity (FCFE) Mean?

This is a measure of how much cash can be paid to a company's equity shareholders after accounting for all expenses, reinvestment, and debt repayment. It is calculated as follows: FCFE = Net Income - Net - Change in Net Working Capital + New Debt - Debt Repayment

Investopedia explains Free Cash Flow to Equity (FCFE)

FCFE is one method analysts use to determine the value of a company. FCFE valuation gained popularity as the usefulness of the dividend discount model became increasingly questionable.

Related Terms:
Cash Flow
Discounted Cash FlowDCF
Dividend Discount ModelDDM
Free Cash FlowFCF
Free Cash Flow Yield



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Acxiom's free cash flow to equity grew 160 percent to $38.
Such statements may include but are not necessarily limited to the following: that the projected revenue, earnings per share and free cash flow to equity will be within the estimated ranges for fiscal year 2009.
Based on current results and future expectations, the company is revising its revenue and free cash flow to equity estimates for the current year.
 
 
 
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