Stock Analysis on Net

Walgreens Boots Alliance Inc. (NASDAQ:WBA)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 9, 2020.

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Walgreens Boots Alliance Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Preferred stock $.01 par value; none issued (per books)
Add: Noncontrolling interests (per books)
Total equity
Add: Short-term debt (per books)
Add: Long-term debt (per books)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2019-08-31).

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


Historical Enterprise Value (EV)

Walgreens Boots Alliance Inc., EV calculation

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Preferred stock $.01 par value; none issued (book value)
Add: Noncontrolling interests (book value)
Total equity
Add: Short-term debt (book value)
Add: Long-term debt (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Walgreens Boots Alliance Inc. Annual Report.

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

Common equity (market value)
The common equity (market value) exhibited a significant increase from 2014 to 2015, rising from 57,213 million USD to 92,493 million USD. After this peak in 2015, there was a general downward trend, with values decreasing to 49,804 million USD by 2019. This represents a substantial decline in market valuation over the latter years, suggesting a reduction in market confidence or company valuation during this period.
Total equity
Total equity mirrored the trend observed in common equity. It rose sharply between 2014 and 2015, moving from 57,317 million USD to 92,932 million USD, followed by a consistent decrease through to 2019, ending at 50,444 million USD. The close correlation between common equity and total equity trends suggests that overall shareholder equity diminished significantly after 2015.
Total equity and debt
The combined total of equity and debt increased markedly from 61,827 million USD in 2014 to a peak of 107,315 million USD in 2015. Subsequently, the figure declined over the years, reaching 67,280 million USD in 2019. This trajectory indicates that both capital structure components experienced growth followed by a contraction, possibly reflecting deleveraging or asset base reduction after 2015.
Enterprise value (EV)
The enterprise value showed a notable rise from 59,181 million USD in 2014 to 104,315 million USD in 2015. Thereafter, it decreased steadily over the period reaching 66,257 million USD in 2019. This decline in EV may reflect a decrease in overall company valuation, considering both market capitalization and debt obligations.
Summary of trends
Overall, the financial data reveals a pronounced peak in 2015 across all major indicators, including common equity, total equity, total equity and debt, and enterprise value. Following 2015, there is a clear downward trend continuing through to 2019, suggesting challenges in maintaining market valuation, equity base, and overall company value. The decline in enterprise value alongside decreasing equity highlights potential concerns regarding growth prospects or market perception. The simultaneous reduction in total equity and debt indicates possible efforts to adjust financial structure, potentially through debt repayment or asset sales.