Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

Enterprise Value (EV) 

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Current Enterprise Value (EV)

T-Mobile US Inc., current enterprise value calculation

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Current share price (P) $228.15
No. shares of common stock outstanding 1,135,445,108
US$ in millions
Common equity (market value)1 259,052
Total equity 259,052
Add: Short-term debt (per books) 4,068
Add: Short-term debt to affiliates (per books)
Add: Short-term financing lease liabilities (per books) 1,175
Add: Long-term debt (per books) 72,700
Add: Long-term debt to affiliates (per books) 1,497
Add: Long-term financing lease liabilities (per books) 1,151
Total equity and debt 339,643
Less: Cash and cash equivalents 5,409
Enterprise value (EV) 334,234

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 228.15 × 1,135,445,108


Historical Enterprise Value (EV)

T-Mobile US Inc., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2 $232.97 $161.78 $147.49 $124.48 $119.22
No. shares of common stock outstanding1 1,141,744,952 1,186,867,575 1,219,383,110 1,249,289,954 1,242,804,085
US$ in millions
Common equity (market value)3 265,992 192,011 179,847 155,512 148,167
Total equity 265,992 192,011 179,847 155,512 148,167
Add: Short-term debt (book value) 4,068 3,619 5,164 3,378 4,579
Add: Short-term debt to affiliates (book value) 2,245
Add: Short-term financing lease liabilities (book value) 1,175 1,260 1,161 1,120 1,063
Add: Long-term debt (book value) 72,700 69,903 65,301 67,076 61,830
Add: Long-term debt to affiliates (book value) 1,497 1,496 1,495 1,494 4,716
Add: Long-term financing lease liabilities (book value) 1,151 1,236 1,370 1,455 1,444
Total equity and debt 346,583 269,525 254,338 232,280 221,799
Less: Cash and cash equivalents 5,409 5,135 4,507 6,631 10,385
Enterprise value (EV) 341,174 264,390 249,831 225,649 211,414

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of T-Mobile US Inc. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 232.97 × 1,141,744,952


Equity Trends
The common equity, which is equivalent to total equity in this context, shows a consistent upward trajectory from 2020 to 2024. It increased from $148,167 million in 2020 to $265,992 million in 2024, representing a significant growth of approximately 79.6% over the five-year period. This steady rise indicates strengthening shareholder value and an expanding equity base.
Total Equity and Debt
Total equity and debt combined also exhibit a growing pattern during the period analyzed. Starting at $221,799 million in 2020, this figure rose to $346,583 million by the end of 2024, marking an increase of about 56.3%. Although the growth is substantial, it is somewhat less steep compared to the growth in equity alone, suggesting that equity growth outpaced the accumulation of debt.
Enterprise Value (EV)
The enterprise value mirrored the upward trend shown in equity and total capital figures. It increased from $211,414 million at the end of 2020 to $341,174 million in 2024, which equates to a growth of nearly 61.3%. The EV increase aligns closely with the rise in total equity and debt, underlining a consistent enhancement in the overall market valuation of the firm.
Summary Insights
Overall, the data reflects a robust and steady expansion in the company's financial position over the five-year span. The equity base has expanded significantly, with equity growing at a faster rate than total capital (equity plus debt). The company's market valuation as represented by enterprise value has exhibited consistent appreciation, indicative of positive market perceptions and potentially improved operational performance. No negative trends or fluctuations are evident in the data, pointing to financial stability and growth momentum during this time frame.