Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Broadcom Inc. (NASDAQ:AVGO)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Broadcom Inc., current enterprise value calculation

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Current share price (P) $364.26
No. shares of common stock outstanding 404,501,331
US$ in millions
Common equity (market value)1 147,344 
Add: Preferred stock, $0.001 par value; 8.00% Mandatory Convertible Preferred Stock, Series A (per books) — 
Add: Noncontrolling interest (per books) — 
Total equity 147,344 
Add: Current portion of long-term debt (per books) 2,787 
Add: Long-term debt, excluding current portion (per books) 30,011 
Add: Convertible notes payable to related party, non-current (per books) — 
Total equity and debt 180,142 
Less: Cash and cash equivalents 5,055 
Enterprise value (EV) 175,087 

Based on: 10-K (filing date: 2019-12-20).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 364.26 × 404,501,331


Historical Enterprise Value (EV)

Broadcom Inc., EV calculation

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Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015 Nov 2, 2014
Share price1, 2 $319.00 $244.91 $261.53 $181.94 $140.48 $101.29
No. shares of common stock outstanding1 397,792,289 407,270,901 409,362,475 398,980,392 276,489,575 255,331,527
US$ in millions
Common equity (market value)3 126,896  99,745  107,061  72,590  38,841  25,863 
Add: Preferred stock, $0.001 par value; 8.00% Mandatory Convertible Preferred Stock, Series A (book value) —  —  —  —  —  — 
Add: Noncontrolling interest (book value) —  —  2,901  2,984  —  — 
Total equity 126,896  99,745  109,962  75,574  38,841  25,863 
Add: Current portion of long-term debt (book value) 2,787  —  117  454  46  46 
Add: Long-term debt, excluding current portion (book value) 30,011  17,493  17,431  13,188  3,903  4,543 
Add: Convertible notes payable to related party, non-current (book value) —  —  —  —  —  920 
Total equity and debt 159,694  117,238  127,510  89,216  42,790  31,372 
Less: Cash and cash equivalents 5,055  4,292  11,204  3,097  1,822  1,604 
Enterprise value (EV) 154,639  112,946  116,306  86,119  40,968  29,768 

Based on: 10-K (filing date: 2019-12-20), 10-K (filing date: 2018-12-21), 10-K (filing date: 2017-12-21), 10-K (filing date: 2016-12-23), 10-K (filing date: 2015-12-17), 10-K (filing date: 2014-12-29).

1 Data adjusted for splits and stock dividends.

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

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 319.00 × 397,792,289

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. Broadcom Inc.’s EV decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.