Stock Analysis on Net
Stock Analysis on Net
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Mondelēz International Inc. (NASDAQ:MDLZ)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Mondelēz International Inc., current enterprise value calculation

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Current share price (P) $53.16
No. shares of common stock outstanding 1,412,114,559
US$ in millions
Common equity (market value)1 75,068 
Add: Noncontrolling interest (per books) 76 
Total equity 75,144 
Add: Short-term borrowings (per books) 29 
Add: Current portion of long-term debt (per books) 2,741 
Add: Long-term debt, excluding current portion (per books) 17,276 
Total equity and debt 95,190 
Less: Cash and cash equivalents 3,619 
Enterprise value (EV) 91,571 

Based on: 10-K (filing date: 2021-02-05).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 53.16 × 1,412,114,559


Historical Enterprise Value (EV)

Mondelēz International Inc., EV calculation

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Share price1, 2 $56.21 $58.66 $46.90 $42.14 $45.38
No. shares of common stock outstanding1 1,412,114,559 1,432,943,006 1,444,169,449 1,487,328,466 1,526,612,169
US$ in millions
Common equity (market value)3 79,375  84,056  67,732  62,676  69,278 
Add: Noncontrolling interest (book value) 76  76  76  80  54 
Total equity 79,451  84,132  67,808  62,756  69,332 
Add: Short-term borrowings (book value) 29  2,638  3,192  3,517  2,531 
Add: Current portion of long-term debt (book value) 2,741  1,581  2,648  1,163  1,451 
Add: Long-term debt, excluding current portion (book value) 17,276  14,207  12,532  12,972  13,217 
Total equity and debt 99,497  102,558  86,180  80,408  86,531 
Less: Cash and cash equivalents 3,619  1,291  1,100  761  1,741 
Enterprise value (EV) 95,878  101,267  85,080  79,647  84,790 

Based on: 10-K (filing date: 2021-02-05), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Mondelēz International Inc.’s Annual Report.

3 2020 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 56.21 × 1,412,114,559

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. Mondelēz International Inc.’s EV increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.