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) $237.50
No. shares of common stock outstanding 7,457,891,872
US$ in millions
Common equity (market value)1 1,771,249 
Total equity 1,771,249 
Add: Short-term debt (per books) — 
Add: Current portion of long-term debt (per books) 2,749 
Add: Current finance lease liabilities (per books) 1,060 
Add: Long-term debt, excluding current portion (per books) 47,032 
Add: Long-term finance lease liabilities (per books) 13,842 
Total equity and debt 1,835,932 
Less: Cash and cash equivalents 13,931 
Less: Short-term investments 90,826 
Enterprise value (EV) 1,731,175 

Based on: 10-K (reporting date: 2022-06-30).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 237.50 × 7,457,891,872


Historical Enterprise Value (EV)

Microsoft Corp., EV calculation

Microsoft Excel
Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018 Jun 30, 2017
Share price1, 2 $276.41 $286.50 $205.01 $138.06 $108.04 $72.26
No. shares of common stock outstanding1 7,457,891,872 7,514,891,248 7,567,652,935 7,635,409,400 7,668,217,316 7,702,243,979
US$ in millions
Common equity (market value)3 2,061,436  2,153,016  1,551,445  1,054,145  828,474  556,564 
Total equity 2,061,436  2,153,016  1,551,445  1,054,145  828,474  556,564 
Add: Short-term debt (book value) —  —  —  —  —  9,072 
Add: Current portion of long-term debt (book value) 2,749  8,072  3,749  5,516  3,998  1,049 
Add: Current finance lease liabilities (book value) 1,060  791  540  317  176  113 
Add: Long-term debt, excluding current portion (book value) 47,032  50,074  59,578  66,662  72,242  76,073 
Add: Long-term finance lease liabilities (book value) 13,842  11,750  8,956  6,257  4,125  2,425 
Total equity and debt 2,126,119  2,223,703  1,624,268  1,132,897  909,015  645,296 
Less: Cash and cash equivalents 13,931  14,224  13,576  11,356  11,946  7,663 
Less: Short-term investments 90,826  116,110  122,951  122,463  121,822  125,318 
Enterprise value (EV) 2,021,362  2,093,369  1,487,741  999,078  775,247  512,315 

Based on: 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), 10-K (reporting date: 2017-06-30).

1 Data adjusted for splits and stock dividends.

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

3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 276.41 × 7,457,891,872

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 increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.