Enterprise Value (EV)
Current Enterprise Value (EV)
Constellation Brands Inc., current enterprise value calculation
| Current share price (P) | $208.68 |
| No. shares of common stock outstanding | 184,550,904 |
| US$ in thousands | |
| Common equity (market value)1 | 38,512,083) |
| Add: Preferred Stock, $0.01 par value; Issued, none (per books) | —) |
| Add: Noncontrolling interests (per books) | 315,900) |
| Total equity | 38,827,983) |
| Add: Short-term borrowings (per books) | 323,000) |
| Add: Current maturities of long-term debt (per books) | 605,300) |
| Add: Long-term debt, less current maturities (per books) | 9,488,200) |
| Total equity and debt | 49,244,483) |
| Less: Cash and cash equivalents | 199,400) |
| Enterprise value (EV) | 49,045,083) |
Based on: 10-K (reporting date: 2022-02-28).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 208.68 × 184,550,904
Historical Enterprise Value (EV)
Constellation Brands Inc., EV calculation
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Constellation Brands Inc. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 254.21 × 188,217,466
The financial data reveals fluctuating trends in the equity and valuation measures over the six-year period ending in 2022. Several key observations emerge from the analysis of these figures.
- Common Equity (Market Value)
- The market value of common equity demonstrates a general upward trend from 33.3 billion US dollars in 2017 to 47.8 billion US dollars in 2022. Notably, there is a peak in 2018 at approximately 43.7 billion, followed by a decrease in 2020 where the value dropped to around 29.5 billion. Subsequent recovery is evident in 2021 and 2022, surpassing prior highs.
- Total Equity
- Total equity closely mirrors the trend observed in common equity, starting at 33.3 billion US dollars in 2017 and increasing to roughly 48.2 billion by 2022. The dip in 2020 to approximately 29.9 billion correlates with the reduction in common equity value. Post-2020, total equity rebounds significantly, indicating improved capital structure or retained earnings growth.
- Total Equity and Debt
- This combined measure shows a similar pattern but with greater absolute values, moving from 42.6 billion US dollars in 2017 to about 58.6 billion in 2022. The decline during 2020 is again notable, dropping to approximately 42.0 billion before rising sharply in the following years. This suggests that debt levels may have been relatively steady or adjusted in line with equity changes.
- Enterprise Value (EV)
- Enterprise value tracks closely with the total equity and debt figures, starting at around 42.4 billion US dollars in 2017 and reaching nearly 58.4 billion in 2022. The lowest point also occurs in 2020 with about 41.9 billion US dollars. The recovery seen in EV from 2021 onward aligns with the strengthening of equity and overall valuation.
In summary, the company’s financial position shows resilience after a notable decline in 2020, presumably influenced by external environmental or market factors. Both equity and valuation metrics demonstrate a recovery trajectory with values exceeding previous peaks by 2022. The parallel movements of equity, equity plus debt, and enterprise value suggest that leverage levels remained proportionate during this period. Overall, the data indicates strengthening financial health and increased market confidence in the most recent years analyzed.