Stock Analysis on Net

Gilead Sciences Inc. (NASDAQ:GILD)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Gilead Sciences Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Preferred stock, par value $0.001 per share; none outstanding (per books)
Add: Noncontrolling interest (per books)
Total equity
Add: Current portion of long-term debt and other obligations, net (per books)
Add: Long-term debt, net, excluding current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term marketable debt securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Gilead Sciences Inc., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Preferred stock, par value $0.001 per share; none outstanding (book value)
Add: Noncontrolling interest (book value)
Total equity
Add: Current portion of long-term debt and other obligations, net (book value)
Add: Long-term debt, net, excluding current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term marketable debt securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Gilead Sciences Inc. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The financial data of the company over the five-year period from 2020 to 2024 reveals several noteworthy trends in its equity and valuation metrics.

Common Equity (Market Value)
The market value of common equity experienced fluctuations throughout the period. It began at approximately $78.9 billion in 2020, showing a slight decline in 2021 to about $76.9 billion. A substantial increase followed in 2022, reaching over $104 billion. This growth was followed by a decrease in 2023 to roughly $91.6 billion, before sharply rising again in 2024 to approximately $142.4 billion. Overall, this indicates considerable volatility with a strong upward trajectory toward the end of the period.
Total Equity
Total equity closely mirrors the trend observed in common equity market value, starting at nearly $78.9 billion in 2020 and slightly decreasing to around $76.9 billion in 2021. A significant rise occurred in 2022, peaking at about $104.1 billion. Subsequently, it dropped to approximately $91.5 billion in 2023 and then increased markedly to $142.3 billion in 2024. The alignment between common equity market value and total equity suggests consistency in equity valuation changes over time.
Total Equity and Debt
This combined metric, representing the company’s capital structure, displays an increasing trend after a dip in 2021. It initially stands at $110.3 billion in 2020, declines to $103.6 billion in 2021, then rises to $129.3 billion in 2022. Despite a slight decrease in 2023 to $116.5 billion, it gains substantially by 2024, reaching $169.0 billion. This pattern indicates periodic adjustments in debt or equity financing with a notable increase in the later year, potentially reflecting expansion or restructuring activities.
Enterprise Value (EV)
Enterprise value follows a somewhat similar trend to total equity and debt, starting at $102.9 billion in 2020 and dipping to $97.1 billion in 2021. It then climbs to $122.9 billion in 2022 but sees a reduction to $109.3 billion in 2023. By 2024, EV rises significantly to nearly $159.0 billion. These fluctuations in EV correspond with changes in equity and debt levels, indicating a dynamic valuation environment possibly influenced by market conditions and company performance.

In summary, the data illustrates volatility in market and book values of equity with marked growth in 2024. The capital structure shows increases in total equity and debt, with overall enterprise value reflecting these changes. The notable rise in all key metrics in 2024 suggests significant positive developments during or before that year, possibly driven by financial strategy, market appreciation, or operational performance enhancements.