Enterprise Value (EV)

Difficulty: Intermediate


Current Enterprise Value (EV)

FedEx Corp., current enterprise value calculation

 
Current share price (P) $ 241.77
No. shares of common stock outstanding 267,215,207
USD $ in millions
Common equity (market value) 64,605 
Total equity 64,605 
Add: Current portion of long-term debt (per books) 22 
Add: Long-term debt, less current portion (per books) 14,909 
Total equity and debt 79,536 
Less: Cash and cash equivalents 3,969 
Enterprise value (EV) 75,567 

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Historical Enterprise Value (EV)

FedEx Corp., EV calculation

 
May 31, 2017 May 31, 2016 May 31, 2015 May 31, 2014 May 31, 2013 May 31, 2012
No. shares of common stock outstanding1 268,257,434 265,524,323 282,430,208 285,423,144 316,584,465 316,599,754
Share price1, 2 (USD $) 215.48 160.76 171.24 151.07 103.70 91.92
USD $ in millions
Common equity (market value) 57,804  42,686  48,363  43,119  32,830  29,102 
Total equity 57,804  42,686  48,363  43,119  32,830  29,102 
Add: Current portion of long-term debt (per books) 22  29  19  251  417 
Add: Long-term debt, less current portion (per books) 14,909  13,838  7,249  4,736  2,739  1,250 
Total equity and debt 72,735  56,553  55,631  47,856  35,820  30,769 
Less: Cash and cash equivalents 3,969  3,534  3,763  2,908  4,917  2,843 
Enterprise value (EV) 68,766  53,019  51,868  44,948  30,903  27,926 
1 Data adjusted for splits and stock dividends.
2 Close price on the filing date of FedEx Corp.'s Annual Report.
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. FedEx Corp.'s EV increased from 2015 to 2016 and from 2016 to 2017.

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