Stock Analysis on Net
Stock Analysis on Net

Amgen Inc. (NASDAQ:AMGN)

Enterprise Value (EV)

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Current Enterprise Value (EV)

Amgen Inc., current enterprise value calculation

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Current share price (P) $201.17
No. shares of common stock outstanding 563,265,902
US$ in millions
Common equity (market value)1 113,312 
Total equity 113,312 
Add: Current portion of long-term debt (per books) 91 
Add: Long-term debt, excluding current portion (per books) 32,895 
Total equity and debt 146,298 
Less: Cash and cash equivalents 6,266 
Less: Marketable securities 4,381 
Enterprise value (EV) 135,651 

Based on: 10-K (filing date: 2021-02-09).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 201.17 × 563,265,902

Historical Enterprise Value (EV)

Amgen Inc., EV calculation

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Share price1, 2 $236.65 $227.00 $188.98 $175.94 $168.05
No. shares of common stock outstanding1 577,566,383 589,806,819 622,278,034 720,562,246 736,452,791
US$ in millions
Common equity (market value)3 136,681  133,886  117,598  126,776  123,761 
Total equity 136,681  133,886  117,598  126,776  123,761 
Add: Current portion of long-term debt (book value) 91  2,953  4,419  1,152  4,403 
Add: Long-term debt, excluding current portion (book value) 32,895  26,950  29,510  34,190  30,193 
Total equity and debt 169,667  163,789  151,527  162,118  158,357 
Less: Cash and cash equivalents 6,266  6,037  6,945  3,800  3,241 
Less: Marketable securities 4,381  2,874  22,359  37,878  34,844 
Enterprise value (EV) 159,020  154,878  122,223  120,440  120,272 

Based on: 10-K (filing date: 2021-02-09), 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Amgen Inc.’s Annual Report.

3 2020 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 236.65 × 577,566,383

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Amgen Inc.’s EV increased from 2018 to 2019 and from 2019 to 2020.