Name: Parker-Hannifin Corp. (NYSE:PH) | Enterprise Value (EV)
Creator: Stock Analysis on Net

Current EV
Historical EV

Parker-Hannifin Corp., current enterprise value calculation

Current share price (P)	$349.02
No. shares of common stock outstanding	128,266,030
US$ in thousands
Common equity (market value)¹	44,767,410)
Add: Serial preferred stock, $.50 par value; none issued (per books)	—)
Add: Noncontrolling interests (per books)	11,909)
Total equity	44,779,319)
Add: Notes payable and long-term debt payable within one year (per books)	1,724,310)
Add: Long-term debt, excluding payable within one year (per books)	9,755,825)
Total equity and debt	56,259,454)
Less: Cash and cash equivalents	535,799)
Less: Marketable securities and other investments	27,862)
Enterprise value (EV)	55,695,793)

Based on: 10-K (reporting date: 2022-06-30).

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 349.02 × 128,266,030

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Parker-Hannifin Corp., EV calculation

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Share price^1, 2	$285.40	$303.51	$209.78	$158.03	$171.53	$157.30
No. shares of common stock outstanding¹	128,402,997	129,101,437	128,561,616	128,441,799	132,360,024	133,129,936
US$ in thousands
Common equity (market value)³	36,646,215)	39,183,577)	26,969,656)	20,297,657)	22,703,715)	20,941,339)
Add: Serial preferred stock, $.50 par value; none issued (book value)	—)	—)	—)	—)	—)	—)
Add: Noncontrolling interests (book value)	11,909)	15,363)	14,546)	6,183)	5,627)	5,697)
Total equity	36,658,124)	39,198,940)	26,984,202)	20,303,840)	22,709,342)	20,947,036)
Add: Notes payable and long-term debt payable within one year (book value)	1,724,310)	2,824)	809,529)	587,014)	638,466)	1,008,465)
Add: Long-term debt, excluding payable within one year (book value)	9,755,825)	6,582,053)	7,652,256)	6,520,831)	4,318,559)	4,861,895)
Total equity and debt	48,138,259)	45,783,817)	35,445,987)	27,411,685)	27,666,367)	26,817,396)
Less: Cash and cash equivalents	535,799)	733,117)	685,514)	3,219,767)	822,137)	884,886)
Less: Marketable securities and other investments	27,862)	39,116)	70,805)	150,931)	32,995)	39,318)
Enterprise value (EV)	47,574,598)	45,011,584)	34,689,668)	24,040,987)	26,811,235)	25,893,192)

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Parker-Hannifin Corp. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 285.40 × 128,402,997

The enterprise value demonstrated a strong upward trend over the analyzed period, increasing from 25.89 billion USD in June 2017 to 47.57 billion USD by June 2022. While a temporary contraction occurred in 2019, the valuation accelerated significantly starting in 2020, nearly doubling between 2019 and 2022.

Equity Market Valuation: Common equity market value remained closely aligned with total equity throughout the period. A peak was reached in June 2021 at approximately 39.18 billion USD, followed by a moderate correction to 36.65 billion USD in June 2022.
Capital Structure Expansion: Total equity and debt showed a consistent growth pattern, particularly from 2020 onwards, rising from 27.41 billion USD in 2019 to 48.14 billion USD in 2022. This indicates a substantial expansion of the total capital employed in the business.
Enterprise Value Drivers: The growth in enterprise value was driven by a simultaneous increase in equity market value and a rise in the combined equity and debt base. The most rapid expansion occurred between June 2019 and June 2021, during which the enterprise value grew from 24.04 billion USD to 45.01 billion USD.

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Parker-Hannifin Corp. (NYSE:PH)

Enterprise Value (EV)

Current Enterprise Value (EV)

Historical Enterprise Value (EV)