FCF yield

$$\frac{\text{Operating cash flow}-\text{Capex}}{\text{Market cap}}$$

Free cash flow yield. Cash-based valuation read — what you're getting back as a share owner each year before buybacks/dividends.

Direction: Higher better Category: cash

Inputs (XBRL fallback chains):

• capex: PaymentsToAcquirePropertyPlantAndEquipment -> PaymentsToAcquireProductiveAssets
• operating_cash_flow: NetCashProvidedByUsedInOperatingActivities

Returns None when: Returns None when FCF components or market cap is missing.

Source code

Implementation: fcf_yield in src/eqtytrk/metrics/ratios.py (or valuation.py for multiples).