Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Schneider Electric S.E.
Physical assets are 17.4% of total assets, a light footprint. Capex is 0.65x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 13.7%, above an 8% cost-of-capital hurdle.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 7.33x.
Physical asset ratio
17.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E€5.48BpropertyPlantEquipmentInventory€5.37BinventoryTotal assets€62.50BtotalAssetsResult 17.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
7.33xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue€40.15BtotalRevenueNet PP&E€5.48BpropertyPlantEquipmentResult 7.33x
Revenue per dollar of the physical asset base.
Capex / D&A
0.65xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex€1.07BcapitalExpendituresD&A€1.65BdepreciationAndAmortizationResult 0.65x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-€11.61Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets€62.50BtotalAssetsGoodwill€25.14BgoodWillIntangibles€5.94BintangibleAssetsLiabilities€38.05BtotalLiabTangible book-€6.63BShares570,516,000commonStockSharesOutstandingResult -€11.61
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice€237.50Latest quoteTangible book / share-€11.612025-12-31Tangible book per share is not positive, so the multiple is left blank.Result —
Price €237.50.
Fixed-charge coverage
2.02xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA€7.94BebitdaCapex€1.07BcapitalExpendituresInterest€535.00MinterestExpenseShort-term debt€2.86BshortLongTermDebtEBITDA − capex€6.87BPrincipal due is the current portion of debt.Result 2.02x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
3.6%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow€5.06BfreeCashFlowMarket cap€139.66BMarketCapitalizationResult 3.6%
Latest free cash flow divided by current market cap (€139.66B).
ROIC
13.7%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income€7.03BoperatingIncomeTax expense€1.40BincomeTaxExpensePretax income€5.75BincomeBeforeTaxTax rate24.4%Equity€24.20BtotalStockholderEquityDebt€19.30BshortLongTermDebtTotalCash€4.63BcashAndShortTermInvestmentsInvested capital€38.86BResult 13.7%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 1.28x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 13.3%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E€2.52BpropertyPlantEquipmentInventory€3.09BinventoryTotal assets€42.26BtotalAssetsResult 13.3% | 10.20xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue€25.72BtotalRevenueNet PP&E€2.52BpropertyPlantEquipmentResult 10.20x | 0.57xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex€486.00McapitalExpendituresD&A€860.00MdepreciationAndAmortizationResult 0.57x | €0.41Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets€42.26BtotalAssetsGoodwill€18.37BgoodWillIntangibles€3.66BintangibleAssetsLiabilities€20.00BtotalLiabTangible book€228.00MShares560,587,000commonStockSharesOutstandingResult €0.41 | 2.19xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA€4.52BebitdaCapex€486.00McapitalExpendituresInterest€301.00MinterestExpenseShort-term debt€1.54BshortTermDebtEBITDA − capex€4.04BPrincipal due is short-term debt.Result 2.19x | €2.38BFree cash flow · 2018-12-31Reported free cash flowOperating cash flow€2.87BtotalCashFromOperatingActivitiesCapex€486.00McapitalExpendituresFree cash flow€2.38BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result €2.38B | 11.2%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income€3.66BoperatingIncomeTax expense€652.00MincomeTaxExpensePretax income€3.11BincomeBeforeTaxTax rate21.0%Equity€20.78BtotalStockholderEquityDebt€7.47BshortLongTermDebtTotalCash€2.36BcashAndShortTermInvestmentsInvested capital€25.89BResult 11.2% | 1.45xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income€3.66BoperatingIncomeNet PP&E€2.52BpropertyPlantEquipmentResult 1.45x |
| 2019 | 14.5%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E€3.68BpropertyPlantEquipmentInventory€2.84BinventoryTotal assets€45.00BtotalAssetsResult 14.5% | 7.38xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue€27.16BtotalRevenueNet PP&E€3.68BpropertyPlantEquipmentResult 7.38x | 0.72xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex€844.00McapitalExpendituresD&A€1.18BdepreciationAndAmortizationResult 0.72x | -€33.98Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets€45.00BtotalAssetsGoodwill€18.72BgoodWillIntangibles€23.37BintangibleAssetsLiabilities€21.86BtotalLiabTangible book-€18.95BShares557,516,000commonStockSharesOutstandingResult -€33.98 | 3.54xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA€5.19BebitdaCapex€844.00McapitalExpendituresInterest€246.00MinterestExpenseShort-term debt€979.00MshortLongTermDebtEBITDA − capex€4.34BPrincipal due is the current portion of debt.Result 3.54x | €3.44BFree cash flow · 2019-12-31Reported free cash flowOperating cash flow€4.28BtotalCashFromOperatingActivitiesCapex€844.00McapitalExpendituresFree cash flow€3.44BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result €3.44B | 12.1%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income€4.01BoperatingIncomeTax expense€636.00MincomeTaxExpensePretax income€3.16BincomeBeforeTaxTax rate20.1%Equity€21.56BtotalStockholderEquityDebt€8.47BshortLongTermDebtTotalCash€3.61BcashAndShortTermInvestmentsInvested capital€26.42BResult 12.1% | 1.09xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income€4.01BoperatingIncomeNet PP&E€3.68BpropertyPlantEquipmentResult 1.09x |
| 2020 | 13.1%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E€3.62BpropertyPlantEquipmentInventory€2.88BinventoryTotal assets€49.48BtotalAssetsResult 13.1% | 6.95xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue€25.16BtotalRevenueNet PP&E€3.62BpropertyPlantEquipmentResult 6.95x | 0.68xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex€817.00McapitalExpendituresD&A€1.21BdepreciationAndAmortizationResult 0.68x | -€38.05Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets€49.48BtotalAssetsGoodwill€19.96BgoodWillIntangibles€24.99BintangibleAssetsLiabilities€25.76BtotalLiabTangible book-€21.22BShares557,586,000commonStockSharesOutstandingResult -€38.05 | 1.64xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA€4.88BebitdaCapex€817.00McapitalExpendituresInterest€211.00MinterestExpenseShort-term debt€2.26BshortLongTermDebtEBITDA − capex€4.06BPrincipal due is the current portion of debt.Result 1.64x | €3.62BFree cash flow · 2020-12-31Reported free cash flowOperating cash flow€4.44BtotalCashFromOperatingActivitiesCapex€817.00McapitalExpendituresFree cash flow€3.62BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result €3.62B | 11.4%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income€3.67BoperatingIncomeTax expense€588.00MincomeTaxExpensePretax income€2.83BincomeBeforeTaxTax rate20.8%Equity€20.62BtotalStockholderEquityDebt€11.74BshortLongTermDebtTotalCash€6.91BcashAndShortTermInvestmentsInvested capital€25.45BResult 11.4% | 1.01xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income€3.67BoperatingIncomeNet PP&E€3.62BpropertyPlantEquipmentResult 1.01x |
| 2021 | 14.3%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E€3.83BpropertyPlantEquipmentInventory€3.97BinventoryTotal assets€54.55BtotalAssetsResult 14.3% | 7.55xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue€28.91BtotalRevenueNet PP&E€3.83BpropertyPlantEquipmentResult 7.55x | 0.62xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex€876.00McapitalExpendituresD&A€1.41BdepreciationAndAmortizationResult 0.62x | -€49.27Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets€54.55BtotalAssetsGoodwill€24.72BgoodWillIntangibles€31.21BintangibleAssetsLiabilities€26.44BtotalLiabTangible book-€27.82BShares564,682,000commonStockSharesOutstandingResult -€49.27 | 2.09xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA€5.75BebitdaCapex€876.00McapitalExpendituresInterest€137.00MinterestExpenseShort-term debt€2.20BshortLongTermDebtEBITDA − capex€4.87BPrincipal due is the current portion of debt.Result 2.09x | €2.74BFree cash flow · 2021-12-31Reported free cash flowOperating cash flow€3.62BtotalCashFromOperatingActivitiesCapex€876.00McapitalExpendituresFree cash flow€2.74BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result €2.74B | 10.8%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income€4.55BoperatingIncomeTax expense€922.00MincomeTaxExpensePretax income€4.20BincomeBeforeTaxTax rate22.0%Equity€24.44BtotalStockholderEquityDebt€11.09BshortLongTermDebtTotalCash€2.63BcashAndShortTermInvestmentsInvested capital€32.91BResult 10.8% | 1.19xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income€4.55BoperatingIncomeNet PP&E€3.83BpropertyPlantEquipmentResult 1.19x |
| 2022 | 14.2%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E€3.94BpropertyPlantEquipmentInventory€4.35BinventoryTotal assets€58.37BtotalAssetsResult 14.2% | 8.69xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue€34.18BtotalRevenueNet PP&E€3.94BpropertyPlantEquipmentResult 8.69x | 0.74xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex€1.09BcapitalExpendituresD&A€1.48BdepreciationAndAmortizationResult 0.74x | -€54.06Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets€58.37BtotalAssetsGoodwill€25.14BgoodWillIntangibles€31.51BintangibleAssetsLiabilities€32.27BtotalLiabTangible book-€30.55BShares565,161,000commonStockSharesOutstandingResult -€54.06 | 1.59xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA€6.34BebitdaCapex€1.09BcapitalExpendituresInterest€164.00MinterestExpenseShort-term debt€3.13BshortLongTermDebtEBITDA − capex€5.25BPrincipal due is the current portion of debt.Result 1.59x | €3.26BFree cash flow · 2022-12-31Reported free cash flowOperating cash flow€4.35BtotalCashFromOperatingActivitiesCapex€1.09BcapitalExpendituresFree cash flow€3.26BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result €3.26B | 12.6%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income€5.54BoperatingIncomeTax expense€1.16BincomeTaxExpensePretax income€4.70BincomeBeforeTaxTax rate24.7%Equity€25.44BtotalStockholderEquityDebt€11.73BshortLongTermDebtTotalCash€3.99BcashAndShortTermInvestmentsInvested capital€33.18BResult 12.6% | 1.41xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income€5.54BoperatingIncomeNet PP&E€3.94BpropertyPlantEquipmentResult 1.41x |
| 2023 | 14.8%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E€4.21BpropertyPlantEquipmentInventory€4.52BinventoryTotal assets€58.90BtotalAssetsResult 14.8% | 8.53xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue€35.90BtotalRevenueNet PP&E€4.21BpropertyPlantEquipmentResult 8.53x | 0.96xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex€1.37BcapitalExpendituresD&A€1.43BdepreciationAndAmortizationResult 0.96x | -€5.88Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets€58.90BtotalAssetsGoodwill€24.66BgoodWillIntangibles€5.84BintangibleAssetsLiabilities€31.73BtotalLiabTangible book-€3.33BShares566,588,000commonStockSharesOutstandingResult -€5.88 | 2.13xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA€7.25BebitdaCapex€1.37BcapitalExpendituresInterest€423.00MinterestExpenseShort-term debt€2.34BshortTermDebtEBITDA − capex€5.88BPrincipal due is short-term debt.Result 2.13x | €4.54BFree cash flow · 2023-12-31Reported free cash flowOperating cash flow€5.91BtotalCashFromOperatingActivitiesCapex€1.37BcapitalExpendituresFree cash flow€4.54BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result €4.54B | 12.9%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income€5.96BoperatingIncomeTax expense€1.23BincomeTaxExpensePretax income€5.40BincomeBeforeTaxTax rate22.7%Equity€26.46BtotalStockholderEquityDebt€13.93BshortLongTermDebtTotalCash€4.70BcashAndShortTermInvestmentsInvested capital€35.70BResult 12.9% | 1.42xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income€5.96BoperatingIncomeNet PP&E€4.21BpropertyPlantEquipmentResult 1.42x |
| 2024 | 15.6%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E€4.88BpropertyPlantEquipmentInventory€5.41BinventoryTotal assets€65.94BtotalAssetsResult 15.6% | 7.81xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue€38.15BtotalRevenueNet PP&E€4.88BpropertyPlantEquipmentResult 7.81x | 0.62xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex€950.00McapitalExpendituresD&A€1.54BdepreciationAndAmortizationResult 0.62x | €0.16Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets€65.94BtotalAssetsGoodwill€26.28BgoodWillIntangibles€4.91BintangibleAssetsLiabilities€34.66BtotalLiabTangible book€92.00MShares569,085,000commonStockSharesOutstandingResult €0.16 | 1.56xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA€7.81BebitdaCapex€950.00McapitalExpendituresInterest€483.00MinterestExpenseShort-term debt€3.92BshortLongTermDebtEBITDA − capex€6.86BPrincipal due is the current portion of debt.Result 1.56x | €4.63BFree cash flow · 2024-12-31Reported free cash flowOperating cash flow€5.58BtotalCashFromOperatingActivitiesCapex€950.00McapitalExpendituresFree cash flow€4.63BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result €4.63B | 12.6%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income€6.56BoperatingIncomeTax expense€1.35BincomeTaxExpensePretax income€5.79BincomeBeforeTaxTax rate23.3%Equity€30.49BtotalStockholderEquityDebt€16.31BshortLongTermDebtTotalCash€6.89BcashAndShortTermInvestmentsInvested capital€39.92BResult 12.6% | 1.34xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income€6.56BoperatingIncomeNet PP&E€4.88BpropertyPlantEquipmentResult 1.34x |
| 2025 | 17.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E€5.48BpropertyPlantEquipmentInventory€5.37BinventoryTotal assets€62.50BtotalAssetsResult 17.4% | 7.33xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue€40.15BtotalRevenueNet PP&E€5.48BpropertyPlantEquipmentResult 7.33x | 0.65xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex€1.07BcapitalExpendituresD&A€1.65BdepreciationAndAmortizationResult 0.65x | -€11.61Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets€62.50BtotalAssetsGoodwill€25.14BgoodWillIntangibles€5.94BintangibleAssetsLiabilities€38.05BtotalLiabTangible book-€6.63BShares570,516,000commonStockSharesOutstandingResult -€11.61 | 2.02xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA€7.94BebitdaCapex€1.07BcapitalExpendituresInterest€535.00MinterestExpenseShort-term debt€2.86BshortLongTermDebtEBITDA − capex€6.87BPrincipal due is the current portion of debt.Result 2.02x | €5.06BFree cash flow · 2025-12-31Reported free cash flowOperating cash flow€6.13BtotalCashFromOperatingActivitiesCapex€1.07BcapitalExpendituresFree cash flow€5.06BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result €5.06B | 13.7%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income€7.03BoperatingIncomeTax expense€1.40BincomeTaxExpensePretax income€5.75BincomeBeforeTaxTax rate24.4%Equity€24.20BtotalStockholderEquityDebt€19.30BshortLongTermDebtTotalCash€4.63BcashAndShortTermInvestmentsInvested capital€38.86BResult 13.7% | 1.28xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income€7.03BoperatingIncomeNet PP&E€5.48BpropertyPlantEquipmentResult 1.28x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: €5.48B
Inventory: €5.37B
Total assets: €62.50B
Goodwill: €25.14B
Intangibles: €5.94B
Liabilities: €38.05B
Tangible book: -€6.63B
Shares: 570,516,000
Revenue: €40.15B
Capex: €1.07B
D&A: €1.65B
EBITDA: €7.94B
Interest: €535.00M
Short-term debt: €2.86B
Free cash flow: €5.06B
Operating income: €7.03B
Invested capital: €38.86B
Tax rate: 24.4%