Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Microsoft Corp., current enterprise value calculation

Microsoft Excel
Current share price (P) $416.42
No. shares of common stock outstanding 7,430,436,229
US$ in millions
Common equity (market value)1 3,094,182
Total equity 3,094,182
Add: Current portion of long-term debt (per books) 5,247
Add: Current finance lease liabilities (per books) 1,197
Add: Long-term debt, excluding current portion (per books) 41,990
Add: Long-term finance lease liabilities (per books) 15,870
Total equity and debt 3,158,486
Less: Cash and cash equivalents 34,704
Less: Short-term investments 76,558
Enterprise value (EV) 3,047,224

Based on: 10-K (reporting date: 2023-06-30).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 416.42 × 7,430,436,229


Historical Enterprise Value (EV)

Microsoft Corp., EV calculation

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Share price1, 2 $330.72 $276.41 $286.50 $205.01 $138.06 $108.04
No. shares of common stock outstanding1 7,429,763,722 7,457,891,872 7,514,891,248 7,567,652,935 7,635,409,400 7,668,217,316
US$ in millions
Common equity (market value)3 2,457,171 2,061,436 2,153,016 1,551,445 1,054,145 828,474
Total equity 2,457,171 2,061,436 2,153,016 1,551,445 1,054,145 828,474
Add: Current portion of long-term debt (book value) 5,247 2,749 8,072 3,749 5,516 3,998
Add: Current finance lease liabilities (book value) 1,197 1,060 791 540 317 176
Add: Long-term debt, excluding current portion (book value) 41,990 47,032 50,074 59,578 66,662 72,242
Add: Long-term finance lease liabilities (book value) 15,870 13,842 11,750 8,956 6,257 4,125
Total equity and debt 2,521,475 2,126,119 2,223,703 1,624,268 1,132,897 909,015
Less: Cash and cash equivalents 34,704 13,931 14,224 13,576 11,356 11,946
Less: Short-term investments 76,558 90,826 116,110 122,951 122,463 121,822
Enterprise value (EV) 2,410,213 2,021,362 2,093,369 1,487,741 999,078 775,247

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Microsoft Corp. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 330.72 × 7,429,763,722

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. Microsoft Corp. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.