Enterprise Value (EV)
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Current Enterprise Value (EV)
Northrop Grumman Corp., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Preferred stock, $1 par value; no shares issued and outstanding (per books) | |
| Total equity | |
| Add: Current portion of long-term debt (per books) | |
| Add: Long-term debt, net of current portion (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2022-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Northrop Grumman Corp., EV calculation
Based on: 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: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Northrop Grumman Corp. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Equity Trends
- The common equity, which is equivalent to total equity in this data set, exhibited considerable fluctuations over the five-year span. It increased significantly from 46,771 million USD at the end of 2018 to a peak of 64,519 million USD by the end of 2019. This was followed by a sharp decline to 48,853 million USD in 2020. Subsequently, equity values recovered and showed a steady upward trend in 2021 and 2022, reaching 67,875 million USD by the end of 2022, the highest value within the period.
- Total Equity and Debt
- The total equity and debt also demonstrated volatility. There was an initial rise from 61,171 million USD in 2018 to 78,398 million USD in 2019. This was succeeded by a drop to 63,856 million USD in 2020, mirroring the equity decline. In the later years, total equity and debt figures showed growth, ending at 80,752 million USD in 2022, the maximum in the observed timeline, indicating an increase in the company's financial leverage or debt accumulation alongside equity growth.
- Enterprise Value (EV)
- Enterprise value followed a similar pattern to total equity and debt. Starting at 59,592 million USD in 2018, it climbed to 76,153 million USD in 2019, dropped to 58,949 million USD in 2020, and then rose again in 2021 and 2022 to reach 78,175 million USD. This pattern reflects fluctuations in the company's market valuation and debt levels over the years, with a notable dip in 2020, possibly due to external economic impacts.
- Summary of Observations
- The data reflect a cyclical pattern with peak values in 2019, a decline in 2020, and recovery in subsequent years through to 2022 across all measured financial metrics. The dip in 2020 could indicate an external stressor affecting both equity and enterprise value. The recovery and growth after 2020 suggest improving financial health and potentially increased investor confidence. The stable relationship between total equity and common equity implies no significant change in equity structure or stock issuance over the period.