Enterprise Value (EV)
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Current Enterprise Value (EV)
Kellanova, current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Noncontrolling interests (per books) | |
| Total equity | |
| Add: Current maturities of long-term debt (per books) | |
| Add: Notes payable (per books) | |
| Add: Long-term debt, excluding current maturities (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2023-12-30).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Kellanova, EV calculation
Based on: 10-K (reporting date: 2023-12-30), 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: 2019-12-28).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Kellanova Annual Report.
3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The financial data reveals several notable trends regarding the equity and enterprise value over the five-year period observed.
- Common Equity (Market Value)
- This measure shows a fluctuating trend. Starting at 22,063 million USD in 2019, it declined to 20,382 million USD in 2020, then recovered to a peak of 23,556 million USD by the end of 2022. However, there was a significant drop in 2023, falling to 19,122 million USD, which marks the lowest point in the five-year span.
- Total Equity
- Total equity follows a pattern similar to common equity. It decreased from 22,630 million USD in 2019 to 20,906 million USD in 2020, then steadily increased to 23,990 million USD in 2022 before declining sharply to 19,316 million USD in 2023. This decline between 2022 and 2023 is proportionally substantial, indicating possible challenges in maintaining shareholder equity during the most recent period.
- Total Equity and Debt
- This combined figure dropped from 30,552 million USD in 2019 to 28,381 million USD in 2020, then showed gradual improvement through 2021 and 2022, reaching 30,554 million USD, nearly the same level as in 2019. In 2023, however, it decreased markedly to 25,189 million USD, the lowest value recorded in the dataset. This suggests a reduction in the company's overall capital structure, potentially through decreased debt levels or other changes in financing.
- Enterprise Value (EV)
- Enterprise value experienced a downward trend from 30,155 million USD in 2019 to 27,946 million USD in 2020. It then improved through 2021 and 2022, reaching 30,255 million USD, close to the initial level in 2019. In 2023, EV dropped sharply to 24,915 million USD, matching the decrease observed in total equity and debt. This decline could indicate a reduced market valuation or decreased capital employed efficiently within the business.
Overall, the data suggests a recovery phase after a decline in 2020, followed by a substantial downward adjustment in 2023 across all equity and enterprise value measures. The drop in 2023 warrants further investigation to identify causes that may include market conditions, operational issues, or changes in financial strategy. The general pattern indicates volatility in market valuation and capital structure over the recent years, with potential implications for the company's financial stability and investor confidence.