Stock Analysis on Net

Bristol-Myers Squibb Co. (NYSE:BMY)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Bristol-Myers Squibb Co., current enterprise value calculation

Microsoft Excel
Current share price (P) $53.25
No. shares of common stock outstanding 2,022,193,411
US$ in millions
Common equity (market value)1 107,682
Add: Preferred stock, $2 convertible series, par value $1 per share (per books)
Add: Noncontrolling interest (per books) 55
Total equity 107,737
Add: Short-term debt obligations (per books) 3,119
Add: Long-term debt, excluding current portion (per books) 36,653
Total equity and debt 147,509
Less: Cash and cash equivalents 11,464
Less: Marketable debt securities 816
Enterprise value (EV) 135,229

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 53.25 × 2,022,193,411


Historical Enterprise Value (EV)

Bristol-Myers Squibb Co., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $48.71 $72.25 $67.14 $60.00 $63.97
No. shares of common stock outstanding1 2,022,193,411 2,098,775,978 2,179,712,820 2,240,475,153 2,257,510,796
US$ in millions
Common equity (market value)3 98,501 151,637 146,346 134,429 144,413
Add: Preferred stock, $2 convertible series, par value $1 per share (book value)
Add: Noncontrolling interest (book value) 55 57 60 60 100
Total equity 98,556 151,694 146,406 134,489 144,513
Add: Short-term debt obligations (book value) 3,119 4,264 4,948 2,340 3,346
Add: Long-term debt, excluding current portion (book value) 36,653 35,056 39,605 48,336 43,387
Total equity and debt 138,328 191,014 190,959 185,165 191,246
Less: Cash and cash equivalents 11,464 9,123 13,979 14,546 12,346
Less: Marketable debt securities 816 130 2,987 1,285 3,047
Enterprise value (EV) 126,048 181,761 173,993 169,334 175,853

Based on: 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), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Bristol-Myers Squibb Co. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 48.71 × 2,022,193,411

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. Bristol-Myers Squibb Co. EV increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.