Medtronic PLC, current enterprise value calculation

Current share price (P)	$79.19
No. shares of common stock outstanding	1,327,822,539
US$ in millions
Common equity (market value)¹	105,150)
Add: Noncontrolling interests (per books)	182)
Total equity	105,332)
Add: Current debt obligations (per books)	20)
Add: Long-term debt (per books)	24,344)
Total equity and debt	129,696)
Less: Cash and cash equivalents	1,543)
Less: Investments	6,416)
Enterprise value (EV)	121,737)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 79.19 × 1,327,822,539

Medtronic PLC, EV calculation

	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019	Apr 27, 2018
Share price^1, 2	$87.41	$88.67	$124.93	$93.91	$99.38	$86.81
No. shares of common stock outstanding¹	1,330,405,428	1,328,709,310	1,343,904,180	1,341,298,882	1,341,156,703	1,351,709,097
US$ in millions
Common equity (market value)³	116,291)	117,817)	167,894)	125,961)	133,284)	117,342)
Add: Noncontrolling interests (book value)	182)	171)	174)	135)	121)	102)
Total equity	116,473)	117,988)	168,068)	126,096)	133,405)	117,444)
Add: Current debt obligations (book value)	20)	3,742)	11)	2,776)	838)	2,058)
Add: Long-term debt (book value)	24,344)	20,372)	26,378)	22,021)	24,486)	23,699)
Total equity and debt	140,837)	142,102)	194,457)	150,893)	158,729)	143,201)
Less: Cash and cash equivalents	1,543)	3,714)	3,593)	4,140)	4,393)	3,669)
Less: Investments	6,416)	6,859)	7,224)	6,808)	5,455)	7,558)
Enterprise value (EV)	132,878)	131,529)	183,640)	139,945)	148,881)	131,974)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Medtronic PLC Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 87.41 × 1,330,405,428

Download chart

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.	Medtronic PLC EV decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Medtronic PLC (NYSE:MDT)

Enterprise Value (EV)