Unlevered FCF Margin (%) (SM.UnleveredFCFMargin)

Unlevered FCF Margin (%) (SM.UnleveredFCFMargin) returns the Unlevered Free Cash Flow (i.e., pre-interest expense, a.k.a Free Cash Flow to the Firm) relative to revenue.

It is defined as the Cash Flow from Operations adding back Net Interest Expense less Capex (capex includes PP&E but also Intangibles and Software development costs) / Revenue *100.

It can be shown as- “Unlevered FCF (SF.CF.UnleveredFCF) / Revenue (SM.Revenue) *100)”.