Enterprise Value (EV)
Current Enterprise Value (EV)
Monolithic Power Systems Inc., current enterprise value calculation
| Current share price (P) | $627.40 |
| No. shares of common stock outstanding | 47,880,000 |
| US$ in thousands | |
| Common equity (market value)1 | 30,039,912) |
| Total equity | 30,039,912) |
| Add: Total debt (book value) | —) |
| Total equity and debt | 30,039,912) |
| Less: Cash and cash equivalents | 691,816) |
| Less: Short-term investments | 171,130) |
| Less: Restricted cash | —) |
| Enterprise value (EV) | 29,176,966) |
Based on: 10-K (reporting date: 2024-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 627.40 × 47,880,000
Historical Enterprise Value (EV)
Monolithic Power Systems Inc., EV calculation
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 Monolithic Power Systems Inc. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 578.92 × 47,866,000
The valuation metrics for the period between 2020 and 2024 demonstrate a period of sustained growth peaking in 2023, followed by a contraction in 2024. The closely aligned movements between equity market value and enterprise value indicate a highly stable capital structure with minimal debt influence.
- Equity Valuation Trends
- The market value of common equity experienced a consistent upward trajectory from 2020 to 2023, rising from 17,748,850 thousand US$ to a peak of 35,037,866 thousand US$. This growth represents a significant expansion in market capitalization over three years. However, a reversal is observed in 2024, where the value declined to 27,710,585 thousand US$, indicating a correction in market valuation.
- Capital Structure Observation
- A critical observation is the identity between common equity market value, total equity, and total equity and debt across all reporting periods. This convergence suggests that the entity operates without significant interest-bearing debt, relying exclusively on equity for its financing structure.
- Enterprise Value (EV) Analysis
- Enterprise Value mirrored the growth pattern of the equity market value, increasing from 17,153,737 thousand US$ in 2020 to 33,896,186 thousand US$ in 2023. In 2024, the EV decreased to 26,847,639 thousand US$, correlating with the decline in equity value.
- Net Cash Position Influence
- Throughout the entire five-year period, the Enterprise Value remained consistently lower than the market value of equity. Because Enterprise Value is calculated as market capitalization plus debt minus cash, this persistent negative gap confirms a substantial net cash position, where cash and cash equivalents exceed total debt.
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