Enterprise Value (EV)
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Carrier Global Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2020
- Return on Assets (ROA) since 2020
- Price to Earnings (P/E) since 2020
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Current Enterprise Value (EV)
Carrier Global Corp., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Non-controlling interest (per books) | |
| Total equity | |
| Add: Current portion of long-term debt (per books) | |
| Add: Long-term debt, net of current portion (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2022-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Carrier Global Corp., EV calculation
Based on: 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 Carrier Global Corp. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Equity Trends
- Common equity (market value) exhibited growth from 32,378 million US dollars in 2020 to 39,405 million US dollars in 2021, indicating a significant positive change. However, in 2022, this value declined slightly to 37,030 million US dollars, reflecting a reduction compared to the previous year but still above the 2020 level.
- Total equity followed a similar trajectory, rising from 32,704 million US dollars in 2020 to a peak of 39,732 million US dollars in 2021, before contracting to 37,348 million US dollars in 2022. This pattern signifies a mid-period peak followed by a modest pullback.
- Capital Structure and Valuation
- The total equity and debt figure increased from 42,931 million US dollars in 2020 to 49,428 million US dollars in 2021, indicating an expansion in the company's capital base. In 2022, this figure declined to 46,190 million US dollars, suggesting some reduction in the overall capital employed.
- Enterprise value (EV) showed a comparable trend, increasing from 39,816 million US dollars in 2020 to 46,441 million US dollars in 2021, followed by a decline to 42,670 million US dollars in 2022. This pattern reflects market valuation adjustments consistent with the changes in equity and total capital.
- Summary Insights
- The data indicates a phase of growth during the period ending 2021 across all key financial metrics, including equity (both market value and total), total capital, and enterprise value. However, in 2022, all these figures decreased compared to the previous year, implying a contraction or market revaluation. Despite this decline, 2022 values remained above the 2020 baseline, suggesting overall expansion over the observed period.