Enterprise Value (EV)
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- Statement of Comprehensive Income
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2014
- Debt to Equity since 2014
- Price to Operating Profit (P/OP) since 2014
- Analysis of Debt
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Current Enterprise Value (EV)
Paycom Software Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in thousands | |
| Common equity (market value)1 | |
| Total equity | |
| Add: Current portion of long-term debt (per books) | |
| Add: Net long-term debt, less 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)
Paycom Software Inc., 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 Paycom Software Inc. Annual Report.
3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Common Equity and Total Equity
- The common equity, which is equivalent to total equity in this data set, showed a significant upward trend from 2018 to 2020. It increased from approximately 10.2 billion USD in 2018 to nearly 23.2 billion USD in 2020, indicating strong equity growth. However, after reaching this peak in 2020, there was a noticeable decline in the subsequent years, with equity decreasing to about 19.0 billion USD in 2021 and further to approximately 17.8 billion USD in 2022. This pattern suggests that after a period of robust expansion, the company faced some contraction or redistribution of equity in the last two years of the period analyzed.
- Total Equity and Debt
- The total equity combined with debt follows a pattern very similar to that of total equity alone, reflecting synchronized movements between these components. Starting at about 10.25 billion USD in 2018, it rose to approximately 23.2 billion USD in 2020, echoing the peak observed in equity. Subsequently, it declined to around 19.04 billion USD in 2021 and further decreased to roughly 17.8 billion USD in 2022. This similarity suggests that debt levels may have been relatively stable or proportionate to equity throughout these years.
- Enterprise Value (EV)
- The enterprise value exhibited a growth trajectory comparable to equity figures during the initial three years, climbing from about 10.2 billion USD in 2018 to nearly 23.1 billion USD in 2020. Thereafter, a decline was observed, with EV dropping to around 18.8 billion USD in 2021 and further to approximately 17.4 billion USD in 2022. This trend aligns closely with the changes in equity and total capital, indicating that the market's valuation of the company followed the underlying equity and capital structure movements.
- Overall Trends and Insights
- From 2018 through 2020, there was a clear and strong growth in equity and enterprise value, suggesting a period of expansion or increased market confidence. The peak in 2020 was followed by a two-year downward adjustment in 2021 and 2022, indicating some challenges or strategic shifts affecting the company's capital and market valuation. The parallel movements among common equity, total equity, total equity and debt, and enterprise value signify a consistent relationship between the company's capital structure and its market valuation over this five-year period.