Name: Colgate-Palmolive Co. (NYSE:CL) | Enterprise Value (EV)
Creator: Stock Analysis on Net

Current EV
Historical EV

Colgate-Palmolive Co., current enterprise value calculation

Current share price (P)	$75.62
No. shares of common stock outstanding	826,691,529
US$ in millions
Common equity (market value)¹	62,514)
Add: Noncontrolling interests (per books)	405)
Total equity	62,919)
Add: Notes and loans payable (per books)	11)
Add: Current portion of long-term debt (per books)	14)
Add: Long-term debt, excluding current portion (per books)	8,741)
Total equity and debt	71,685)
Less: Cash and cash equivalents	775)
Enterprise value (EV)	70,910)

Based on: 10-K (reporting date: 2022-12-31).

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 75.62 × 826,691,529

Download chart

Colgate-Palmolive Co., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Share price^1, 2	$72.77	$79.15	$78.72	$76.27	$66.70
No. shares of common stock outstanding¹	830,378,790	840,487,222	848,562,678	855,029,777	861,676,494
US$ in millions
Common equity (market value)³	60,427)	66,525)	66,799)	65,213)	57,474)
Add: Noncontrolling interests (book value)	405)	362)	358)	441)	299)
Total equity	60,832)	66,887)	67,157)	65,654)	57,773)
Add: Notes and loans payable (book value)	11)	39)	258)	260)	12)
Add: Current portion of long-term debt (book value)	14)	12)	9)	254)	—)
Add: Long-term debt, excluding current portion (book value)	8,741)	7,194)	7,334)	7,333)	6,354)
Total equity and debt	69,598)	74,132)	74,758)	73,501)	64,139)
Less: Cash and cash equivalents	775)	832)	888)	883)	726)
Enterprise value (EV)	68,823)	73,300)	73,870)	72,618)	63,413)

Based on: 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), 10-K (reporting date: 2018-12-31).

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Colgate-Palmolive Co. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 72.77 × 830,378,790

Between 2018 and 2022, the company experienced a cycle of valuation expansion followed by a corrective contraction. Enterprise Value (EV) and market capitalization peaked in 2020 before trending downward through the end of the analyzed period.

Enterprise Value Trends: Enterprise Value grew from 63,413 million USD in 2018 to a peak of 73,870 million USD in 2020, representing an approximate increase of 16.4%. Following this peak, a gradual decline was observed, with EV falling to 73,300 million USD in 2021 and further contracting to 68,823 million USD by the end of 2022.
Equity Valuation Analysis: Market value of common equity and total book equity exhibited a high degree of correlation throughout the period. Common equity market value rose from 57,474 million USD in 2018 to 66,799 million USD in 2020, before declining to 60,427 million USD in 2022. Notably, by December 31, 2022, the total book equity of 60,832 million USD slightly exceeded the market value of common equity, suggesting a shift in the market's valuation relative to the book value.
Capital Structure and Debt Integration: Total equity and debt followed a trajectory similar to the Enterprise Value, peaking at 74,758 million USD in 2020. The consistent delta between total equity and debt and the Enterprise Value indicates the impact of cash and cash equivalents, which are subtracted to arrive at the EV. This gap remained relatively stable, though the overall capital base contracted from 74,758 million USD in 2020 to 69,598 million USD in 2022.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?

Colgate-Palmolive Co. (NYSE:CL)

Enterprise Value (EV)

Current Enterprise Value (EV)

Historical Enterprise Value (EV)