Enterprise Value (EV)
Current Enterprise Value (EV)
Fiserv Inc., current enterprise value calculation
| Current share price (P) | $104.74 |
| No. shares of common stock outstanding | 646,394,065 |
| US$ in millions | |
| Common equity (market value)1 | 67,703) |
| Add: Preferred stock, no par value; none issued (per books) | —) |
| Add: Noncontrolling interests (per books) | 720) |
| Total equity | 68,423) |
| Add: Short-term and current maturities of long-term debt (per books) | 508) |
| Add: Long-term debt, excluding current maturities (per books) | 20,729) |
| Total equity and debt | 89,660) |
| Less: Cash and cash equivalents | 835) |
| Enterprise value (EV) | 88,825) |
Based on: 10-K (reporting date: 2021-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 104.74 × 646,394,065
Historical Enterprise Value (EV)
Fiserv Inc., EV calculation
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Fiserv Inc. Annual Report.
3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 95.56 × 652,196,905
The valuation and capital structure of the organization experienced a period of dramatic expansion between 2017 and 2020, followed by a contraction in 2021. A significant inflection point is observed between 2018 and 2019, during which Enterprise Value (EV) and equity metrics increased by approximately 148% and 124% respectively, suggesting a major corporate event or strategic acquisition.
- Market Value and Total Equity Trends
- Common equity market value rose from US$ 29,363 million in 2017 to US$ 33,187 million in 2018, before surging to US$ 73,709 million in 2019. This valuation peaked in 2020 at US$ 77,236 million and subsequently declined to US$ 62,324 million by the end of 2021. Total equity mirrored this trajectory, showing a nearly identical pattern of sharp growth in 2019 and a decline in 2021.
- Capitalization and Debt Analysis
- Total equity and debt figures increased from US$ 34,263 million in 2017 to US$ 39,146 million in 2018, followed by a substantial leap to US$ 97,224 million in 2019. The capital base peaked in 2020 at US$ 98,660 million before retreating to US$ 84,281 million in 2021. The magnitude of the 2019 increase indicates a significant expansion of the company's leverage or equity base.
- Enterprise Value (EV) Interpretation
- Enterprise Value remained closely correlated with the total equity and debt metrics throughout the five-year period. EV grew from US$ 33,938 million in 2017 to a maximum of US$ 97,754 million in 2020, before decreasing to US$ 83,446 million in 2021. The consistent proximity between EV and the sum of equity and debt suggests that the enterprise valuation is primarily driven by the total capital structure, with cash offsets remaining relatively stable as a percentage of the total.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?