Stock Analysis on Net

Reynolds American Inc. (NYSE:RAI)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2017.

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Reynolds American Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Total equity
Add: Current maturities of long-term debt (per books)
Add: Long-term debt, less current maturities (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2016-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Reynolds American Inc., EV calculation

Microsoft Excel
Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Total equity
Add: Current maturities of long-term debt (book value)
Add: Long-term debt, less current maturities (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Reynolds American Inc. Annual Report.

3 2016 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Equity Trends
There is a consistent growth in common equity (market value) and total equity over the five-year period. The values increased from 24,297 million US dollars in 2012 to 86,326 million US dollars in 2016, indicating a significant strengthening of the company's equity base by more than threefold.
Total Equity and Debt
Total equity and debt figures follow a similar upward trend, rising from 29,392 million US dollars in 2012 to 99,491 million US dollars in 2016. This suggests an increase in both financing through equity and debt, with the total capital structure nearly tripling over the period.
Enterprise Value (EV)
Enterprise value also shows a strong upward trajectory, increasing from 26,890 million US dollars in 2012 to 97,440 million US dollars in 2016. This reflects an appreciation in the overall market valuation of the company, consistent with the increases in equity and total capital.
Summary of Capital Growth
Over the span of five years, all key financial metrics related to capitalization exhibit robust growth. The market capitalization and equity show accelerated growth particularly after 2014. The parallel increase in debt alongside equity indicates the company has expanded its financing sources to support growth or strategic initiatives. The increase in enterprise value aligns with these trends, suggesting positive market perception and valuation improvements.