Stock Analysis on Net

Ford Motor Co. (NYSE:F)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Ford Motor Co., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Equity attributable to noncontrolling interests (per books)
Total equity
Add: Debt payable within one year (per books)
Add: Long-term debt payable after one year (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Marketable securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Ford Motor Co., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Equity attributable to noncontrolling interests (book value)
Total equity
Add: Debt payable within one year (book value)
Add: Long-term debt payable after one year (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Marketable securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Ford Motor Co. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Common Equity and Total Equity Trends
The market value of common equity exhibited an increase from 45,795 million USD in 2020 to a peak of 71,916 million USD in 2021. Subsequently, it declined over the next three years to reach 36,702 million USD in 2024, representing a significant reduction from its 2021 high. Total equity followed a similar pattern, rising to 72,019 million USD in 2021 before decreasing steadily to 36,725 million USD in 2024. The close alignment between common equity (market value) and total equity figures suggests a consistent relationship between market valuation and book equity during the observed periods.
Total Equity and Debt
The sum of total equity and debt showed a generally declining trend from 207,600 million USD in 2020 to 195,247 million USD in 2024, with a slight uptick observed in 2023 at 200,119 million USD. This decrease implies a reduction in the overall capital base, predominantly financed through a combination of equity and debt. The data indicates that after a marginal increase from 2020 to 2021, the company progressively reduced its combined financing by the end of 2024.
Enterprise Value (EV)
Enterprise value followed a pattern similar to total equity and debt, increasing from 157,639 million USD in 2020 to 160,518 million USD in 2021, then declining to 156,899 million USD in 2024. The trends suggest that the market's valuation of the company's core operations peaked in 2021 but decreased thereafter, aligning broadly with the reduction in both total equity and total capital base. The relatively modest fluctuations in EV compared to equity and debt changes indicate some stabilization in the overall enterprise valuation despite the shifts in capital structure.
Overall Observations
Across the analyzed years, the company experienced a peak in equity values and enterprise valuation in 2021, followed by a period of gradual decline through 2024. The market value of equity and total equity demonstrate a strong correlation, mirroring the company's financial positioning over time. The reduction in total equity and debt coupled with a modest decrease in enterprise value suggests a possible strategic adjustment in financing or operational scale. The data does not indicate any recovery to the peak values observed in 2021 by the end of 2024.