Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Starbucks Corp. (NASDAQ:SBUX)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Starbucks Corp., current enterprise value calculation

Microsoft Excel LibreOffice Calc
Current share price (P) $89.66
No. shares of common stock outstanding 1,169,000,000
US$ in thousands
Common equity (market value)1 104,812,540 
Add: Noncontrolling interests (per books) 1,200 
Total equity 104,813,740 
Add: Current portion of long-term debt (per books) — 
Add: Long-term debt, excluding current portion (per books) 11,167,000 
Total equity and debt 115,980,740 
Less: Cash and cash equivalents 2,686,600 
Less: Short-term investments 70,500 
Enterprise value (EV) 113,223,640 

Based on: 10-K (filing date: 2019-11-15).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 89.66 × 1,169,000,000


Historical Enterprise Value (EV)

Starbucks Corp., EV calculation

Microsoft Excel LibreOffice Calc
Sep 29, 2019 Sep 30, 2018 Oct 1, 2017 Oct 2, 2016 Sep 27, 2015 Sep 28, 2014
Share price1, 2 $84.21 $68.16 $56.93 $55.77 $61.07 $39.06
No. shares of common stock outstanding1 1,181,000,000 1,240,600,000 1,422,800,000 1,455,400,000 1,484,800,000 1,496,600,000
US$ in thousands
Common equity (market value)3 99,452,010  84,559,296  81,000,004  81,167,658  90,676,736  58,457,196 
Add: Noncontrolling interests (book value) 1,200  6,300  6,900  6,700  1,800  1,700 
Total equity 99,453,210  84,565,596  81,006,904  81,174,358  90,678,536  58,458,896 
Add: Current portion of long-term debt (book value) —  349,900  —  400,000  —  — 
Add: Long-term debt, excluding current portion (book value) 11,167,000  9,090,200  3,932,600  3,202,200  2,347,500  2,048,300 
Total equity and debt 110,620,210  94,005,696  84,939,504  84,776,558  93,026,036  60,507,196 
Less: Cash and cash equivalents 2,686,600  8,756,300  2,462,300  2,128,800  1,530,100  1,708,400 
Less: Short-term investments 70,500  181,500  228,600  134,400  81,300  135,400 
Enterprise value (EV) 107,863,110  85,067,896  82,248,604  82,513,358  91,414,636  58,663,396 

Based on: 10-K (filing date: 2019-11-15), 10-K (filing date: 2018-11-16), 10-K (filing date: 2017-11-17), 10-K (filing date: 2016-11-18), 10-K (filing date: 2015-11-12), 10-K (filing date: 2014-11-14).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Starbucks Corp.’s Annual Report.

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 84.21 × 1,181,000,000

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. Starbucks Corp.’s EV increased from 2017 to 2018 and from 2018 to 2019.