Enterprise Value (EV)
Current Enterprise Value (EV)
Super Micro Computer Inc., current enterprise value calculation
| Current share price (P) | $49.01 |
| No. shares of common stock outstanding | 596,817,646 |
| US$ in thousands | |
| Common equity (market value)1 | 29,250,033) |
| Add: Noncontrolling interest (per books) | 164) |
| Total equity | 29,250,197) |
| Add: Lines of credit and current portion of term loans (per books) | 402,346) |
| Add: Term loans, non-current (per books) | 74,083) |
| Add: Convertible notes (per books) | 1,697,716) |
| Total equity and debt | 31,424,342) |
| Less: Cash and cash equivalents | 1,669,766) |
| Enterprise value (EV) | 29,754,576) |
Based on: 10-K (reporting date: 2024-06-30).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 49.01 × 596,817,646
Historical Enterprise Value (EV)
Super Micro Computer Inc., EV calculation
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Super Micro Computer Inc. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 45.54 × 593,481,352
- Equity Growth
- There is a consistent and substantial increase in common equity (market value) over the observed periods, rising from approximately $1.14 billion in mid-2019 to over $27 billion by mid-2024. This represents more than a 23-fold growth within five years.
- Total equity exhibits a similar growth pattern, closely mirroring the common equity market value, which suggests equity structure stability with minor differences between market value and book value.
- Total Equity and Debt
- The total equity and debt value show a progressive increase from about $1.16 billion in 2019 to nearly $29.2 billion in 2024. This progression indicates that debt levels might have increased alongside equity, albeit at a slower pace given that equity increased sharply.
- Enterprise Value (EV)
- Enterprise value trends upward markedly, from approximately $913 million in 2019 to $27.53 billion in 2024, closely tracking the increases in common equity and total equity. The synchronous rise implies that the market valuation and the overall enterprise valuation have grown substantially in alignment, reflecting heightened investor confidence or company performance.
- General Observations
- All key financial metrics show robust growth over the five-year period, with a particularly dramatic spike occurring between 2021 and 2024. The acceleration in these figures suggests either significant business expansion, improved profitability, capital market activity such as stock issuance, or a combination thereof.
- The gap between total equity and total equity plus debt remains relatively small compared to the scale of growth, which may imply that the company predominantly finances its expansion through equity rather than debt, especially in the latter periods.