Stock Analysis on Net
Stock Analysis on Net

Mastercard Inc. (NYSE:MA)

Enterprise Value (EV)

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Current Enterprise Value (EV)

Mastercard Inc., current enterprise value calculation

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Current share price (P) $323.01
No. shares of common stock outstanding 982,557,395
US$ in millions
Common equity (market value)1 317,376 
Add: Non-controlling interests (per books) 97 
Total equity 317,473 
Add: Current portion of long-term debt (per books) 649 
Add: Long-term debt, excluding current portion (per books) 12,023 
Total equity and debt 330,145 
Less: Cash and cash equivalents 10,113 
Less: Restricted cash for litigation settlement 586 
Less: Investments 483 
Less: Restricted security deposits held for customers 1,696 
Enterprise value (EV) 317,267 

Based on: 10-K (filing date: 2021-02-12).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 323.01 × 982,557,395

Historical Enterprise Value (EV)

Mastercard Inc., EV calculation

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Share price1, 2 $341.00 $340.95 $220.54 $172.52 $109.66
No. shares of common stock outstanding1 993,362,338 1,005,108,964 1,025,909,048 1,051,384,936 1,077,919,768
US$ in millions
Common equity (market value)3 338,737  342,692  226,254  181,385  118,205 
Add: Non-controlling interests (book value) 97  24  23  29  28 
Total equity 338,834  342,716  226,277  181,414  118,233 
Add: Current portion of long-term debt (book value) 649  —  500  —  — 
Add: Long-term debt, excluding current portion (book value) 12,023  8,527  5,834  5,424  5,180 
Total equity and debt 351,506  351,243  232,611  186,838  123,413 
Less: Cash and cash equivalents 10,113  6,988  6,682  5,933  6,721 
Less: Restricted cash for litigation settlement 586  584  553  546  543 
Less: Investments 483  688  1,696  1,849  1,614 
Less: Restricted security deposits held for customers 1,696  1,370  1,080  1,085  991 
Enterprise value (EV) 338,628  341,613  222,600  177,425  113,544 

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-13), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-15).

1 Data adjusted for splits and stock dividends.

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

3 2020 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 341.00 × 993,362,338

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. Mastercard Inc.’s EV increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.