Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Lowe’s Cos. Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $244.73
No. shares of common stock outstanding 575,112,600
US$ in millions
Common equity (market value)1 140,747
Add: Preferred stock, $5 par value, issued and outstanding: none (per books)
Total equity 140,747
Add: Short-term borrowings (per books) 499
Add: Current maturities of long-term debt (per books) 585
Add: Long-term debt, excluding current maturities (per books) 32,876
Total equity and debt 174,707
Less: Cash and cash equivalents 1,348
Less: Short-term investments 384
Enterprise value (EV) 172,975

Based on: 10-K (reporting date: 2023-02-03).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 244.73 × 575,112,600


Historical Enterprise Value (EV)

Lowe’s Cos. Inc., EV calculation

Microsoft Excel
Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020 Feb 1, 2019 Feb 2, 2018
Share price1, 2 $190.53 $227.60 $181.89 $67.80 $109.91 $84.59
No. shares of common stock outstanding1 596,356,261 661,561,297 717,256,852 754,948,648 795,922,717 825,766,281
US$ in millions
Common equity (market value)3 113,624 150,571 130,462 51,186 87,480 69,852
Add: Preferred stock, $5 par value, issued and outstanding: none (book value)
Total equity 113,624 150,571 130,462 51,186 87,480 69,852
Add: Short-term borrowings (book value) 499 1,941 722 1,137
Add: Current maturities of long-term debt (book value) 585 868 1,112 597 1,110 294
Add: Long-term debt, excluding current maturities (book value) 32,876 23,859 20,668 16,768 14,391 15,564
Total equity and debt 147,584 175,298 152,242 70,492 103,703 86,847
Less: Cash and cash equivalents 1,348 1,133 4,690 716 511 588
Less: Short-term investments 384 271 506 160 218 102
Enterprise value (EV) 145,852 173,894 147,046 69,616 102,974 86,157

Based on: 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Lowe’s Cos. Inc. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 190.53 × 596,356,261

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. Lowe’s Cos. Inc. EV increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.