Enterprise Value (EV)
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- Cash Flow Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Current Ratio since 2013
- Total Asset Turnover since 2013
- Price to Book Value (P/BV) since 2013
- Analysis of Revenues
- Analysis of Debt
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Current Enterprise Value (EV)
RH, current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in thousands | |
| Common equity (market value)1 | |
| Add: Preferred stock, $0.0001 par value per share, no shares issued or outstanding (per books) | |
| Total equity | |
| Add: Convertible senior notes due 2024, net (per books) | |
| Add: Convertible senior notes due 2023, net (per books) | |
| Add: Convertible senior notes due 2020, net (per books) | |
| Add: Convertible senior notes due 2019, net (per books) | |
| Add: Current portion of term loans (per books) | |
| Add: Current finance lease liabilities (per books) | |
| Add: Current portion of equipment promissory notes (per books) | |
| Add: Asset based credit facility (per books) | |
| Add: Term loan B, net (per books) | |
| Add: Term loan B-2, net (per books) | |
| Add: Term loan, net (per books) | |
| Add: Real estate loans (per books) | |
| Add: Convertible senior notes due 2024, net (per books) | |
| Add: Convertible senior notes due 2023, net (per books) | |
| Add: Convertible senior notes due 2020, net (per books) | |
| Add: Convertible senior notes due 2019, net (per books) | |
| Add: Non-current finance lease liabilities (per books) | |
| Add: Non-current portion of equipment promissory notes, net (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Less: Restricted cash | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2023-01-28).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
RH, EV calculation
Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of RH Annual Report.
3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Equity Trends
- The market value of common equity exhibited steady growth from February 2018 to February 2020, increasing from approximately 2.05 billion to 2.27 billion US dollars. This was followed by a sharp and substantial surge in January 2021, where the value jumped dramatically to nearly 12.6 billion US dollars. However, in the subsequent years, there was a notable reversal in this trend with a marked decline in common equity values, falling to approximately 7.26 billion in January 2022 and further to about 5.42 billion by January 2023.
- Total Equity and Debt
- Total equity and debt maintained a gradual increase similar to equity alone, growing from about 2.92 billion in early 2018 to roughly 3.60 billion by early 2020. In January 2021, total equity and debt spiked significantly, reaching nearly 13.7 billion US dollars. After this peak, a declining trend ensued, with values dropping to roughly 10.08 billion in January 2022 and decreasing further to approximately 8.58 billion in January 2023.
- Enterprise Value (EV)
- Enterprise value followed a pattern resembling that of total equity and debt. It rose moderately from about 2.91 billion in early 2018 to around 3.55 billion by early 2020. January 2021 again marked a peak period, with EV reaching approximately 13.6 billion US dollars. Subsequently, the enterprise value experienced a decline, falling sharply to around 7.90 billion in January 2022 and then continuing downward to about 7.07 billion by January 2023.
- Summary of Patterns
- The data presents a pronounced peak across all key financial metrics—common equity, total equity and debt, and enterprise value—around January 2021. This peak was followed by a sustained decline through January 2023. Prior to this peak, growth was steady but moderate. The observed cyclical pattern suggests that an external or internal event likely drove the dramatic increase in value during 2021, which was not sustained in subsequent years, resulting in significant decreases. The year-over-year variation, particularly the sharp decline post-2021, may warrant further investigation to understand the underlying causes such as market conditions, operational challenges, or strategic shifts.