Microsoft Excel LibreOffice Calc

PepsiCo Inc. (NASDAQ:PEP)


Enterprise Value (EV)

Intermediate level


Current Enterprise Value (EV)

PepsiCo Inc., current enterprise value calculation

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Current share price (P) $124.59
No. shares of common stock outstanding 1,389,544,618
US$ in millions
Common equity (market value)1 173,123 
Add: Preferred stock, no par value (per books) — 
Add: Noncontrolling interests (per books) 82 
Total equity 173,205 
Add: Short-term debt obligations (per books) 2,920 
Add: Long-term debt obligations (per books) 29,148 
Total equity and debt 205,273 
Less: Cash and cash equivalents 5,509 
Less: Short-term investments 229 
Less: Restricted cash — 
Enterprise value (EV) 199,535 

Based on: 10-K (filing date: 2020-02-13).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 124.59 × 1,389,544,618


Historical Enterprise Value (EV)

PepsiCo Inc., EV calculation

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Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Share price1, 2 $146.47 $115.91 $112.14 $106.73 $96.90
No. shares of common stock outstanding1 1,389,544,618 1,404,686,108 1,419,908,267 1,427,214,232 1,445,412,743
US$ in millions
Common equity (market value)3 203,527  162,817  159,229  152,327  140,060 
Add: Preferred stock, no par value (book value) —  —  41  41  41 
Add: Noncontrolling interests (book value) 82  84  92  104  107 
Total equity 203,609  162,901  159,362  152,472  140,208 
Add: Short-term debt obligations (book value) 2,920  4,026  5,485  6,892  4,071 
Add: Long-term debt obligations (book value) 29,148  28,295  33,796  30,053  29,213 
Total equity and debt 235,677  195,222  198,643  189,417  173,492 
Less: Cash and cash equivalents 5,509  8,721  10,610  9,158  9,096 
Less: Short-term investments 229  272  8,900  6,967  2,913 
Less: Restricted cash —  1,997  —  —  — 
Enterprise value (EV) 229,939  184,232  179,133  173,292  161,483 

Based on: 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-15), 10-K (filing date: 2016-02-11).

1 Data adjusted for splits and stock dividends.

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

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 146.47 × 1,389,544,618

1 Data adjusted for splits and stock dividends.
2

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. PepsiCo Inc.’s EV increased from 2017 to 2018 and from 2018 to 2019.