Enterprise Value (EV)
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Old Dominion Freight Line Inc. pages available for free this week:
- Cash Flow Statement
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Current Enterprise Value (EV)
Old Dominion Freight Line Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in thousands | |
| Common equity (market value)1 | |
| Total equity | |
| Add: Current maturities of long-term debt (per books) | |
| Add: Long-term debt, excluding current maturities (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Less: Short-term investments | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2022-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Old Dominion Freight Line Inc., EV calculation
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Old Dominion Freight Line Inc. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Equity Market Value and Total Equity
- The common equity, measured in market value terms, exhibited consistent growth over the observed five-year period. Beginning at approximately $12.2 billion in 2018, it increased steadily each year to reach about $37.6 billion in 2022. This more than threefold increase indicates a strong appreciation in the company's equity valuation.
- Interestingly, the total equity value matched the market value of common equity exactly each year, suggesting no preferred shares or other components affecting total equity distinct from common equity.
- Total Equity and Debt
- The sum of total equity and debt also showed a steady year-over-year increase from roughly $12.3 billion in 2018 to nearly $37.7 billion in 2022. This trend mirrors the increase in total equity and reflects a proportional expansion in the company's capital structure, possibly in response to growth or investments.
- Enterprise Value (EV)
- Enterprise value displayed a consistent upward trajectory over the five years, starting from approximately $12.1 billion in 2018 to $37.5 billion in 2022. The rise in EV aligns closely with the increases observed in equity values and total equity and debt, indicating that the market's valuation of the firm, including debt and equity components, has consistently improved.
- Overall Trends and Insights
- The financial data reveals a robust growth pattern in the capital base and market valuation of the company from 2018 through 2022. The steady increase in equity market value suggests positive market sentiment and potentially enhanced profitability or operational performance.
- The parallel growth in total equity and total equity plus debt indicates a balanced use of financial leverage, maintaining growth in both equity and liabilities. The enterprise value's alignment with these trends supports the conclusion that the overall valuation and financial size of the company have expanded significantly, reflecting strategic financial management and market confidence.