Per-Share

FCF Per Share

Free cash flow divided by diluted shares outstanding.

Definition

FCF per share converts free cash flow into a per-share number, showing how much actual cash each share is entitled to (in principle) each year.

Formula

Free Cash Flow ÷ Diluted Shares Outstanding

Why it matters

FCF per share is what ultimately funds dividends and buybacks. A company that grows FCF per share consistently can compound shareholder value even without multiple expansion. It's also harder to manipulate than EPS.

How Standard Equity uses it

Shown in the main table, with its 5- and 10-year growth rate. Not shown for banks, insurers or broker-dealers (their FCF is not meaningful in the conventional sense).

The metric

CategoryPer-Share
Unit$
← Back to glossary