Enterprise Value (EV)
Current Enterprise Value (EV)
Starbucks Corp., current enterprise value calculation
| Current share price (P) | $92.11 |
| No. shares of common stock outstanding | 1,136,400,000 |
| US$ in thousands | |
| Common equity (market value)1 | 104,673,804) |
| Add: Noncontrolling interests (per books) | 7,300) |
| Total equity | 104,681,104) |
| Add: Current portion of long-term debt (per books) | 1,248,900) |
| Add: Long-term debt, excluding current portion (per books) | 14,319,500) |
| Total equity and debt | 120,249,504) |
| Less: Cash and cash equivalents | 3,286,200) |
| Less: Short-term investments | 257,000) |
| Enterprise value (EV) | 116,706,304) |
Based on: 10-K (reporting date: 2024-09-29).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 92.11 × 1,136,400,000
Historical Enterprise Value (EV)
Starbucks Corp., EV calculation
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Starbucks Corp. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 98.26 × 1,133,800,000
- Common equity (market value)
- The common equity value generally increased from 2019 to 2021, rising from approximately 99.5 billion to nearly 130 billion US dollars. However, there was a decline observed in 2022 to around 112.4 billion, followed by a partial recovery in 2023 to 120 billion, and then a slight decrease again in 2024 to approximately 111.4 billion. This pattern reflects a peak around 2021 with subsequent volatility in the following years.
- Total equity
- Total equity follows a trend similar to that of common equity (market value), indicating close alignment between the two measures. Starting near 99.5 billion in 2019, it peaked at about 130 billion in 2021 before falling to around 112.4 billion in 2022, increasing again to 120 billion in 2023, and then declining slightly to about 111.4 billion in 2024. This consistency suggests stable equity structure relative to the market value of common equity during the period.
- Total equity and debt
- Total equity and debt increased steadily from 2019 through 2021, growing from approximately 110.6 billion to 144.6 billion US dollars. The figure then declined in 2022 to about 127.3 billion, increased again in 2023 to 135.4 billion, and decreased to nearly 127 billion in 2024. The data suggests that the company's combined equity and debt financing exhibited growth until 2021, followed by fluctuations in the subsequent years, potentially reflecting changing financing policies or market conditions.
- Enterprise value (EV)
- Enterprise value rose consistently from 2019 (approximately 107.9 billion) to 2021 (around 138 billion), showing significant growth in overall company valuation. However, EV decreased in 2022 to about 124.1 billion, increased again in 2023 to 131.4 billion, then declined to 123.4 billion in 2024. These movements indicate a peak valuation in 2021, with some instability thereafter, possibly linked to market conditions or operational performance variances.