Enterprise Value (EV)
Current Enterprise Value (EV)
Broadcom Inc., current enterprise value calculation
| Current share price (P) | $249.99 |
| No. shares of common stock outstanding | 4,703,470,979 |
| US$ in millions | |
| Common equity (market value)1 | 1,175,821) |
| Add: Preferred stock, $0.001 par value; none issued and outstanding (per books) | —) |
| Total equity | 1,175,821) |
| Add: Current portion of long-term debt (per books) | 1,271) |
| Add: Long-term debt, excluding current portion (per books) | 66,295) |
| Total equity and debt | 1,243,387) |
| Less: Cash and cash equivalents | 9,348) |
| Enterprise value (EV) | 1,234,039) |
Based on: 10-K (reporting date: 2024-11-03).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 249.99 × 4,703,470,979
Historical Enterprise Value (EV)
Broadcom Inc., EV calculation
Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Broadcom Inc. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 220.79 × 4,687,356,156
- Equity Trends
- The market value of common equity exhibited a consistent upward trajectory from November 2019 through November 2024. It increased from $126,896 million in 2019 to $1,034,921 million in 2024, demonstrating substantial growth over the five-year period. Notably, there was a significant jump between 2022 and 2023, where the value more than doubled, reflecting a strong positive investor sentiment or improved market conditions. Total equity mirrored this pattern exactly, indicating no additional equity components beyond common equity during these periods.
- Combined Equity and Debt
- Total equity and debt rose in tandem with equity, growing from $159,694 million in 2019 to $1,102,487 million in 2024. This growth trend was steady, with a notable surge commencing between 2022 and 2023, similar to the observed trend in total equity. The consistent expansion suggests increased leverage or debt financing alongside equity growth, possibly to support company expansion or acquisitions.
- Enterprise Value Analysis
- Enterprise value (EV) showed a comparable increasing trend, advancing from $154,639 million in 2019 to $1,093,139 million in 2024. EV growth broadly aligns with increases in equity and debt, implying market valuation and capital structure changes are synchronized. The close proximity of EV to total equity and debt values throughout the periods indicates a stable relationship between market valuation and the company’s capital base.
- Summary of Financial Position
- Overall, the data reveals strong and consistent expansion of the company's financial base over the examined timeframe, with accelerated growth during the latest years. The concurrent rise in equity, debt, and enterprise value underscores robust market confidence and an increasing scale of operations supported by both equity capital and debt financing. The alignment of total equity with common equity suggests no significant issuance or changes in other equity components. This pattern portrays a company experiencing significant growth and capital structure expansion over the period analyzed.