ON Semiconductor Corp., current enterprise value calculation

Current share price (P)	$60.71
No. shares of common stock outstanding	427,328,652
US$ in thousands
Common equity (market value)¹	25,943,122)
Add: Non-controlling interest (per books)	18,000)
Total equity	25,961,122)
Add: Current portion of financing lease liabilities (per books)	800)
Add: Current portion of long-term debt (per books)	794,000)
Add: Long-term debt, excluding current portion (per books)	2,542,600)
Add: Long-term financing lease liabilities (per books)	22,400)
Total equity and debt	29,320,922)
Less: Cash and cash equivalents	2,483,000)
Enterprise value (EV)	26,837,922)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 60.71 × 427,328,652

ON Semiconductor Corp., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$77.59	$80.40	$58.66	$41.85	$20.90
No. shares of common stock outstanding¹	427,328,652	431,967,907	432,497,822	411,881,071	411,065,636
US$ in thousands
Common equity (market value)³	33,156,430)	34,730,220)	25,370,322)	17,237,223)	8,591,272)
Add: Non-controlling interest (book value)	18,000)	18,500)	19,000)	19,600)	22,400)
Total equity	33,174,430)	34,748,720)	25,389,322)	17,256,823)	8,613,672)
Add: Current portion of financing lease liabilities (book value)	800)	14,200)	12,700)	—)	—)
Add: Current portion of long-term debt (book value)	794,000)	147,800)	160,700)	531,600)	736,000)
Add: Long-term debt, excluding current portion (book value)	2,542,600)	3,045,700)	2,913,900)	2,959,700)	2,876,500)
Add: Long-term financing lease liabilities (book value)	22,400)	23,000)	10,200)	—)	—)
Total equity and debt	36,534,230)	37,979,420)	28,486,822)	20,748,123)	12,226,172)
Less: Cash and cash equivalents	2,483,000)	2,919,000)	1,352,600)	1,080,700)	894,200)
Enterprise value (EV)	34,051,230)	35,060,420)	27,134,222)	19,667,423)	11,331,972)

¹ Data adjusted for splits and stock dividends.

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

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 77.59 × 427,328,652

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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 2021 to 2022 but then slightly decreased from 2022 to 2023.

ON Semiconductor Corp. (NASDAQ:ON)

Enterprise Value (EV)