OPEN-SOURCE SCRIPT
Updated TTM FCFF Yield %
An indicator that shows the Free Cash Flow yield daily for the underlying ticker. Useful for when you need to screen for ideas, or the news just broke out and you want to make a calculated purchase - rather than buying at whatever price it is at the moment.
Green line tracks daily Free Cash Flow yield to Enterprise Value.
Where Free Cash Flow is defined as = Cashflow from Operations + Depreciation and Amortization (from the income statement) - Capital Expenditure (fixed assets) - Change in Working Capital
And where Enterprise Value is defined as = Market Capitalization + Net Debt
Red line tracks Free Cash Flow of financial year and what FCFF yield does that equate to if the stock current trades at the price right now.
Reminder: When working with international equities. Be mindful of whether they report FQ or FH. For example, France only reports FH, so it's better to use TTM FHFree Cash Flow results. If you didn't toggle FH in the indicator settings, it will automatically set as FQ and it will not show anything.
GLHF
Green line tracks daily Free Cash Flow yield to Enterprise Value.
Where Free Cash Flow is defined as = Cashflow from Operations + Depreciation and Amortization (from the income statement) - Capital Expenditure (fixed assets) - Change in Working Capital
And where Enterprise Value is defined as = Market Capitalization + Net Debt
Red line tracks Free Cash Flow of financial year and what FCFF yield does that equate to if the stock current trades at the price right now.
Reminder: When working with international equities. Be mindful of whether they report FQ or FH. For example, France only reports FH, so it's better to use TTM FHFree Cash Flow results. If you didn't toggle FH in the indicator settings, it will automatically set as FQ and it will not show anything.
GLHF
Release Notes
Added new feature to calculate FCFF Yield % using historical prices in case there is market noise. As negative FCFF Yield % looks like it is treading back into positive territory, but in reality it is just because EV is calculated using Market Capitalization which drags it upwards.Release Notes
Patched!Release Notes
Patch 2.Release Notes
Patch 3 lolRelease Notes
Last patch I promise lolOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.