Microsoft Excel LibreOffice Calc

General Dynamics Corp. (NYSE:GD)


Enterprise Value (EV)

Intermediate level


Current Enterprise Value (EV)

General Dynamics Corp., current enterprise value calculation

Microsoft Excel LibreOffice Calc
Current share price (P) $157.09
No. shares of common stock outstanding 286,864,540
US$ in millions
Common equity (market value)1 45,064 
Total equity 45,064 
Add: Short-term debt and current portion of long-term debt (per books) 2,920 
Add: Long-term debt, excluding current portion (per books) 9,010 
Total equity and debt 56,994 
Less: Cash and equivalents 902 
Enterprise value (EV) 56,092 

Based on: 10-K (filing date: 2020-02-10).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 157.09 × 286,864,540


Historical Enterprise Value (EV)

General Dynamics Corp., EV calculation

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Share price1, 2 $186.25 $173.48 $209.53 $183.04 $132.26
No. shares of common stock outstanding1 289,627,333 288,235,928 296,933,621 302,742,234 311,161,810
US$ in millions
Common equity (market value)3 53,943  50,003  62,217  55,414  41,154 
Total equity 53,943  50,003  62,217  55,414  41,154 
Add: Short-term debt and current portion of long-term debt (book value) 2,920  973  900  501 
Add: Long-term debt, excluding current portion (book value) 9,010  11,444  3,980  2,988  2,898 
Total equity and debt 65,873  62,420  66,199  59,302  44,553 
Less: Cash and equivalents 902  963  2,983  2,334  2,785 
Enterprise value (EV) 64,971  61,457  63,216  56,968  41,768 

Based on: 10-K (filing date: 2020-02-10), 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of General Dynamics Corp.’s Annual Report.

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 186.25 × 289,627,333

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. General Dynamics Corp.’s EV decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.