Enterprise Value (EV)
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Current Enterprise Value (EV)
HP Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Preferred stock, $0.01 par value; none issued (per books) | |
| Add: Non-controlling interests (per books) | |
| Total equity | |
| Add: Notes payable and short-term borrowings (per books) | |
| Add: Long-term debt, excluding current portion (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2018-10-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
HP Inc., EV calculation
Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of HP Inc. Annual Report.
3 2018 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Equity Values
- The common equity (market value) and total equity exhibit a similar trend over the analyzed periods, indicating consistency in equity reporting. Both metrics show a substantial increase from 2013 to 2014, with common equity rising approximately 36% from 53,579 million to 73,033 million US dollars, and total equity increasing correspondingly. However, in 2015, there is a steep decline in both values, falling to around 21,968 million for common equity and 22,351 million for total equity. This significant drop suggests a major change in company valuation or capital structure during that year. Subsequent years exhibit a gradual recovery with a steady increase, reaching 34,627 million US dollars in 2018 for both metrics, approaching levels observed before the 2015 decline but not quite reaching the peak seen in 2014.
- Total Equity and Debt
- Total equity and debt follow a pattern that somewhat parallels equity trends but with notable differences. The value rises modestly from 76,553 million in 2013 to a peak of 92,954 million in 2014, indicating an increase in the aggregate financing through both equity and debt. Unlike equity alone, this total experiences a sharp decline in 2016 to 33,288 million US dollars and fluctuates thereafter, ending slightly below 2017's figure in 2018 at 40,614 million. The volatility and lower values in later years imply possible debt reduction or restructuring activity, impacting the overall financial leverage.
- Enterprise Value (EV)
- Enterprise value trends align moderately with total equity and debt but show distinct variability. EV grows from 64,390 million in 2013 to 77,821 million in 2014, reflecting increased market valuation and/or debt levels. Then it sharply declines from 29,583 million in 2015 to 27,000 million in 2016, consistent with the marked equity and financing decrease noted previously. EV recovers mildly in 2017 and remains relatively stable through 2018 around the 35,000 million range. The movements in EV suggest fluctuations in market valuation, debt, and potentially operational performance factors influencing the overall enterprise worth.
- Summary of Trends
- The data reveals a significant event or series of changes occurring around 2015 that caused a pronounced drop in equity, total financing, and enterprise value. Prior to this, there was steady growth. Following the decline, gradual recovery is observed, but values do not fully revert to their prior peak levels. The disparity between total equity and debt and enterprise value in later years indicates adjustments in debt usage or market valuation impacting capital structure. This pattern underscores a period of financial rebalancing or restructuring that notably affected the company's reported metrics across the analyzed years.