Dollar General Corp., current enterprise value calculation

Current share price (P)	$138.50
No. shares of common stock outstanding	219,476,497
US$ in thousands
Common equity (market value)¹	30,397,495)
Add: Preferred stock (per books)	—)
Total equity	30,397,495)
Add: Current portion of long-term obligations (per books)	—)
Add: Long-term obligations, excluding current portion (per books)	7,009,399)
Total equity and debt	37,406,894)
Less: Cash and cash equivalents	381,576)
Enterprise value (EV)	37,025,318)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 138.50 × 219,476,497

Dollar General Corp., EV calculation

	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020	Feb 1, 2019	Feb 2, 2018
Share price^1, 2	$205.81	$229.63	$187.78	$143.00	$117.47	$90.06
No. shares of common stock outstanding¹	219,108,477	228,868,368	239,264,252	251,941,312	259,518,801	268,741,400
US$ in thousands
Common equity (market value)³	45,094,716)	52,555,043)	44,929,041)	36,027,608)	30,485,674)	24,202,850)
Add: Preferred stock (book value)	—)	—)	—)	—)	—)	—)
Total equity	45,094,716)	52,555,043)	44,929,041)	36,027,608)	30,485,674)	24,202,850)
Add: Current portion of long-term obligations (book value)	—)	—)	—)	555)	1,950)	401,345)
Add: Long-term obligations, excluding current portion (book value)	7,009,399)	4,172,068)	4,130,975)	2,911,438)	2,862,740)	2,604,613)
Total equity and debt	52,104,115)	56,727,111)	49,060,016)	38,939,601)	33,350,364)	27,208,808)
Less: Cash and cash equivalents	381,576)	344,829)	1,376,577)	240,320)	235,487)	267,441)
Enterprise value (EV)	51,722,539)	56,382,282)	47,683,439)	38,699,281)	33,114,877)	26,941,367)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Dollar General Corp. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 205.81 × 219,108,477

Download chart

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.	Dollar General Corp. EV increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.

Dollar General Corp. (NYSE:DG)

Enterprise Value (EV)