Stock Analysis on Net
Stock Analysis on Net
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Boston Scientific Corp. (NYSE:BSX)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Boston Scientific Corp., current enterprise value calculation

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Current share price (P) $38.00
No. shares of common stock outstanding 1,430,674,668
US$ in millions
Common equity (market value)1 54,366 
Add: Preferred stock, $0.01 par value, none issued and outstanding (per books) — 
Total equity 54,366 
Add: Current debt obligations (per books) 1,416 
Add: Long-term debt (per books) 8,592 
Total equity and debt 64,374 
Less: Cash and cash equivalents 217 
Enterprise value (EV) 64,157 

Based on: 10-K (filing date: 2020-02-25).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 38.00 × 1,430,674,668


Historical Enterprise Value (EV)

Boston Scientific Corp., EV calculation

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Share price1, 2 $39.91 $39.86 $26.83 $24.48 $17.33
No. shares of common stock outstanding1 1,396,195,349 1,385,961,926 1,374,910,797 1,363,488,640 1,348,346,253
US$ in millions
Common equity (market value)3 55,722  55,244  36,889  33,378  23,367 
Add: Preferred stock, $0.01 par value, none issued and outstanding (book value) —  —  —  —  — 
Total equity 55,722  55,244  36,889  33,378  23,367 
Add: Current debt obligations (book value) 1,416  2,253  1,801  64 
Add: Long-term debt (book value) 8,592  4,803  3,815  5,420  5,674 
Total equity and debt 65,730  62,300  42,505  38,862  29,044 
Less: Cash and cash equivalents 217  146  188  196  319 
Enterprise value (EV) 65,513  62,154  42,317  38,666  28,725 

Based on: 10-K (filing date: 2020-02-25), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-20), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-24).

1 Data adjusted for splits and stock dividends.

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

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 39.91 × 1,396,195,349

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