Microsoft Excel LibreOffice Calc

Illinois Tool Works Inc. (ITW)


Enterprise Value (EV)

Intermediate level


Current Enterprise Value (EV)

Illinois Tool Works Inc., current enterprise value calculation

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Current share price (P) $175.86
No. shares of common stock outstanding 321,406,096
US$ in millions
Common equity (market value)1 56,522 
Add: Noncontrolling interest (per books)
Total equity 56,526 
Add: Short-term debt (per books) 1,351 
Add: Long-term debt (per books) 6,029 
Total equity and debt 63,906 
Less: Cash and equivalents 1,504 
Enterprise value (EV) 62,402 

Based on: 10-K (filing date: 2019-02-15).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 175.86 × 321,406,096


Historical Enterprise Value (EV)

Illinois Tool Works Inc., EV calculation

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Share price1, 2 $144.21 $163.36 $128.00 $91.88 $98.26
No. shares of common stock outstanding1 328,108,383 341,545,719 346,550,685 363,766,897 379,447,026
US$ in millions
Common equity (market value)3 47,317  55,795  44,358  33,423  37,284 
Add: Noncontrolling interest (book value)
Total equity 47,321  55,799  44,363  33,427  37,289 
Add: Short-term debt (book value) 1,351  850  652  526  1,476 
Add: Long-term debt (book value) 6,029  7,478  7,177  6,896  5,981 
Total equity and debt 54,701  64,127  52,192  40,849  44,746 
Less: Cash and equivalents 1,504  3,094  2,472  3,090  3,990 
Enterprise value (EV) 53,197  61,033  49,720  37,759  40,756 

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-12), 10-K (filing date: 2015-02-13).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Illinois Tool Works Inc.’s Annual Report.

3 2018 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 144.21 × 328,108,383

1 Data adjusted for splits and stock dividends.
2

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. Illinois Tool Works Inc.’s EV increased from 2016 to 2017 but then slightly decreased from 2017 to 2018 not reaching 2016 level.