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

Comcast Corp. (NASDAQ:CMCSA)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Comcast Corp., current enterprise value calculation

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Current share price (P) $54.14
No. shares of common stock outstanding 4,580,656,172
US$ in millions
Common equity (market value)1 247,997 
Add: Preferred stock; issued, zero (per books) — 
Add: Noncontrolling interests (per books) 1,415 
Total equity 249,412 
Add: Current portion of long-term debt (per books) 3,146 
Add: Long-term debt, less current portion (per books) 100,614 
Total equity and debt 353,172 
Less: Cash and cash equivalents 11,740 
Enterprise value (EV) 341,432 

Based on: 10-K (filing date: 2021-02-04).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 54.14 × 4,580,656,172


Historical Enterprise Value (EV)

Comcast Corp., EV calculation

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Share price1, 2 $51.45 $44.14 $36.57 $42.53 $37.63
No. shares of common stock outstanding1 4,580,656,172 4,553,034,645 4,525,962,522 4,644,508,017 4,751,603,386
US$ in millions
Common equity (market value)3 235,675  200,971  165,514  197,531  178,803 
Add: Preferred stock; issued, zero (book value) —  —  —  —  — 
Add: Noncontrolling interests (book value) 1,415  1,148  889  843  2,231 
Total equity 237,090  202,119  166,403  198,374  181,034 
Add: Current portion of long-term debt (book value) 3,146  4,452  4,398  5,134  5,480 
Add: Long-term debt, less current portion (book value) 100,614  97,765  107,345  59,422  55,566 
Total equity and debt 340,850  304,336  278,146  262,930  242,080 
Less: Cash and cash equivalents 11,740  5,500  3,814  3,428  3,301 
Enterprise value (EV) 329,110  298,836  274,332  259,502  238,779 

Based on: 10-K (filing date: 2021-02-04), 10-K (filing date: 2020-01-30), 10-K (filing date: 2019-01-31), 10-K (filing date: 2018-01-31), 10-K (filing date: 2017-02-03).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Comcast Corp.’s Annual Report.

3 2020 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 51.45 × 4,580,656,172

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. Comcast Corp.’s EV increased from 2018 to 2019 and from 2019 to 2020.