Enterprise Value (EV)
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Hess Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
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Current Enterprise Value (EV)
Hess Corp., 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, par value $1.00 (per books) | |
| Add: Noncontrolling interests (per books) | |
| Total equity | |
| Add: Current portion of long-term debt (per books) | |
| Add: Current portion of finance lease obligations (per books) | |
| Add: Long-term debt, excluding current portion (per books) | |
| Add: Long-term finance lease obligations (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2022-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Hess Corp., EV calculation
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Hess Corp. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Equity Trends
- Both common equity (market value) and total equity demonstrate a consistent upward trajectory over the analyzed period from 2018 to 2022. Common equity increased from $17,479 million in 2018 to $42,544 million in 2022, reflecting more than a twofold growth. Similarly, total equity rose steadily from $18,739 million in 2018 to $43,185 million in 2022. The growth in total equity closely parallels that of common equity, indicating that market valuation of equity has kept pace with book equity values.
- Total Equity and Debt
- Total equity and debt exhibit a significant increase across the five-year span, rising from $25,411 million in 2018 to $51,666 million in 2022. This denotes a doubling in the sum of financing through equity and debt, suggesting that the company has expanded its capital base substantially. The growth pattern is consistent year-over-year, with no apparent volatility or decline.
- Enterprise Value (EV)
- Enterprise value shows a steady upward trend from $22,717 million in 2018 to $49,180 million in 2022. This sustained increase in EV aligns closely with the increases in total equity and total capital structure, indicating an overall rise in the market value of the company's operations and debt obligations. The progressive growth without significant fluctuations suggests improved market perceptions or operational scale.
- Overall Insights
- The data indicates a positive expansion phase for the company, with consistent growth in equity, total capital (equity plus debt), and enterprise value throughout the evaluated period. The doubling of both equity and total capitalization over five years reflects strengthening financial position and potentially increasing investor confidence. The enterprise value increase reinforces the notion of enhanced company value, possibly due to operational improvements, market conditions, or successful strategic initiatives.