ON Semiconductor Corp., current enterprise value calculation

Current share price (P)	$89.99
No. shares of common stock outstanding	431,872,829
US$ in thousands
Common equity (market value)¹	38,864,236)
Add: Non-controlling interest (per books)	18,500)
Total equity	38,882,736)
Add: Current portion of financing lease liabilities (per books)	14,200)
Add: Current portion of long-term debt (per books)	147,800)
Add: Long-term debt, excluding current portion (per books)	3,045,700)
Add: Long-term financing lease liabilities (per books)	23,000)
Total equity and debt	42,113,436)
Less: Cash and cash equivalents	2,919,000)
Enterprise value (EV)	39,194,436)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 89.99 × 431,872,829

ON Semiconductor Corp., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Share price^1, 2	$80.40	$58.66	$41.85	$20.90	$22.59
No. shares of common stock outstanding¹	431,967,907	432,497,822	411,881,071	411,065,636	409,710,366
US$ in thousands
Common equity (market value)³	34,730,220)	25,370,322)	17,237,223)	8,591,272)	9,255,357)
Add: Non-controlling interest (book value)	18,500)	19,000)	19,600)	22,400)	22,500)
Total equity	34,748,720)	25,389,322)	17,256,823)	8,613,672)	9,277,857)
Add: Current portion of financing lease liabilities (book value)	14,200)	12,700)	—)	—)	—)
Add: Current portion of long-term debt (book value)	147,800)	160,700)	531,600)	736,000)	138,500)
Add: Long-term debt, excluding current portion (book value)	3,045,700)	2,913,900)	2,959,700)	2,876,500)	2,627,600)
Add: Long-term financing lease liabilities (book value)	23,000)	10,200)	—)	—)	—)
Total equity and debt	37,979,420)	28,486,822)	20,748,123)	12,226,172)	12,043,957)
Less: Cash and cash equivalents	2,919,000)	1,352,600)	1,080,700)	894,200)	1,069,600)
Enterprise value (EV)	35,060,420)	27,134,222)	19,667,423)	11,331,972)	10,974,357)

¹ Data adjusted for splits and stock dividends.

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

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 80.40 × 431,967,907

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.	ON Semiconductor Corp. EV increased from 2020 to 2021 and from 2021 to 2022.

ON Semiconductor Corp. (NASDAQ:ON)

Enterprise Value (EV)