Enterprise Value (EV)
Current Enterprise Value (EV)
Hewlett Packard Enterprise Co., current enterprise value calculation
| Current share price (P) | $19.48 |
| No. shares of common stock outstanding | 1,299,673,270 |
| US$ in millions | |
| Common equity (market value)1 | 25,318) |
| Add: Non-controlling interests (per books) | 56) |
| Total equity | 25,374) |
| Add: Notes payable and short-term borrowings (per books) | 4,868) |
| Add: Long-term debt (per books) | 7,487) |
| Total equity and debt | 37,729) |
| Less: Cash and cash equivalents | 4,270) |
| Enterprise value (EV) | 33,459) |
Based on: 10-K (reporting date: 2023-10-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 19.48 × 1,299,673,270
Historical Enterprise Value (EV)
Hewlett Packard Enterprise Co., EV calculation
Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Hewlett Packard Enterprise Co. Annual Report.
3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 17.09 × 1,300,000,000
The Enterprise Value (EV) exhibits a trajectory of fluctuation followed by a steady recovery, increasing from 27,773 million US$ in 2018 to 30,358 million US$ by 2023. A notable contraction occurred in 2020, during which EV dropped to 27,432 million US$, before resuming a consistent upward trend over the subsequent three fiscal years.
- Equity Valuation Correlation
- Common equity market value and total equity demonstrate a near-perfect correlation throughout the analyzed period. Both metrics experienced a sharp decline in 2020, falling to 15,677 million US$ and 15,724 million US$ respectively, before recovering to peaks of 22,217 million US$ and 22,273 million US$ by 2023. This alignment suggests that the market valuation of the equity has remained closely tied to its book value.
- Capitalization and Leverage Trends
- Total equity and debt remained relatively stable, fluctuating within a range between 31,665 million US$ in 2020 and 34,628 million US$ in 2023. The growth in this metric since 2020 mirrors the recovery seen in the equity components, indicating a proportional expansion of the total capital base.
- Enterprise Value Composition
- The enterprise value consistently remained lower than the combined total of equity and debt across all reported years. This gap indicates the presence of significant cash or cash equivalents that offset the debt obligations in the EV calculation. The progression of EV from 2021 to 2023 shows a steady increase, growing from 29,171 million US$ to 30,358 million US$, reflecting a gradual improvement in the overall valuation of the business operations.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?