Free Cash Flow
What is Free cash flow?
Free cash flow (FCF) represents the cash that a company generates as a result of its activities, excluding expenses on assets. Free cash flow is sometimes considered the hardest financial metric to fake because of its calculation and for that reason, it’s a popular financial metric in the investor community.
Why is Free cash flow important?
Free cash flow signals a company's ability to pay debts and dividends, repurchase shares and contribute to business growth.
How is Free cash flow calculated?
Free cash flow is Cash from operating activities minus Capital expenditures - Fixed assets.
What does Free cash flow per share show?
Per share metric reflects the amount of cash remaining for shareholders after capital expenditures. It can indicate a company’s ability to pay dividends, buy back shares, or reduce debt. High free cash flow per share often signals strong financial flexibility.