Enterprise Value / Free Cash Flow measures the dollars in Enterprise Value for
each dollar of unlevered free cash flow earned over the last 12 months.
TEV / UFCF = Total Enterprise Value / Unlevered Free Cash Flow
Applying this formula, Canadian Pacific Kansas City’s EV/FCF is calculated below:
Total Enterprise Value [ C$116.1 B ]
(/) Unlevered Free Cash Flow [ C$3.653 B ]
(=) TEV / UFCF [ 31.8x ]
The tables below summarizes the trend in Canadian Pacific Kansas City’s EV/FCF over the last five years:
| Date |
Enterprise Value |
Unlevered Free Cash Flow |
TEV / UFCF |
| 2020-12-31 |
C$70.169 B |
C$1.677 B |
41.8 |
| 2021-12-31 |
C$90.48 B |
C$2.299 B |
39.4 |
| 2022-12-31 |
C$123.2 B |
C$2.181 B |
56.5 |
| 2023-12-31 |
C$137.4 B |
C$2.644 B |
52.0 |
| 2024-12-31 |
C$116.1 B |
C$3.653 B |
31.8 |
Read more about total enterprise value (tev) and unlevered free cash flow
Click the link below to download a spreadsheet with an example Index Membership calculation for Canadian Pacific Kansas City Limited below: