Stock Analysis on Net
Stock Analysis on Net
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Estée Lauder Cos. Inc. (NYSE:EL)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Estée Lauder Cos. Inc., current enterprise value calculation

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Current share price (P) $247.17
No. shares of common stock outstanding 361,605,644
US$ in millions
Common equity (market value)1 89,378 
Add: Noncontrolling interests (per books) 27 
Total equity 89,405 
Add: Current debt (per books) 1,222 
Add: Long-term debt, excluding current maturities (per books) 4,914 
Total equity and debt 95,541 
Less: Cash and cash equivalents 5,022 
Less: Short-term investments — 
Enterprise value (EV) 90,519 

Based on: 10-K (filing date: 2020-08-28).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 247.17 × 361,605,644


Historical Enterprise Value (EV)

Estée Lauder Cos. Inc., EV calculation

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Jun 30, 2020 Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015
Share price1, 2 $222.93 $197.15 $135.59 $106.50 $90.50 $82.18
No. shares of common stock outstanding1 360,804,641 360,756,333 367,194,210 367,956,150 365,713,211 372,906,890
US$ in millions
Common equity (market value)3 80,434  71,123  49,788  39,187  33,097  30,645 
Add: Noncontrolling interests (book value) 27  25  22  18  15  11 
Total equity 80,461  71,148  49,810  39,205  33,112  30,657 
Add: Current debt (book value) 1,222  516  183  189  332  30 
Add: Long-term debt, excluding current maturities (book value) 4,914  2,896  3,361  3,383  1,910  1,608 
Total equity and debt 86,597  74,560  53,354  42,777  35,354  32,294 
Less: Cash and cash equivalents 5,022  2,987  2,181  1,136  914  1,021 
Less: Short-term investments —  —  534  605  469  504 
Enterprise value (EV) 81,575  71,573  50,639  41,036  33,971  30,769 

Based on: 10-K (filing date: 2020-08-28), 10-K (filing date: 2019-08-23), 10-K (filing date: 2018-08-24), 10-K (filing date: 2017-08-25), 10-K (filing date: 2016-08-24), 10-K (filing date: 2015-08-20).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Estée Lauder Cos. Inc.’s Annual Report.

3 2020 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 222.93 × 360,804,641

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. Estée Lauder Cos. Inc.’s EV increased from 2018 to 2019 and from 2019 to 2020.