Microsoft Excel LibreOffice Calc

Stryker Corp. (SYK)


Enterprise Value (EV)

Intermediate level


Current Enterprise Value (EV)

Stryker Corp., current enterprise value calculation

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Current share price (P) $214.23
No. shares of common stock outstanding 374,366,776
US$ in millions
Common equity (market value)1 80,201 
Add: Noncontrolling interest (per books) — 
Total equity 80,201 
Add: Current maturities of debt (per books) 1,373 
Add: Long-term debt, excluding current maturities (per books) 8,486 
Total equity and debt 90,060 
Less: Cash and cash equivalents 3,616 
Less: Marketable securities 83 
Enterprise value (EV) 86,361 

Based on: 10-K (filing date: 2019-02-07).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 214.23 × 374,366,776


Historical Enterprise Value (EV)

Stryker Corp., EV calculation

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Share price1, 2 $180.75 $148.01 $123.32 $96.16 $93.37
No. shares of common stock outstanding1 372,664,636 374,642,060 372,878,298 372,982,213 378,749,951
US$ in millions
Common equity (market value)3 67,359  55,451  45,983  35,866  35,364 
Add: Noncontrolling interest (book value) —  14  —  —  — 
Total equity 67,359  55,465  45,983  35,866  35,364 
Add: Current maturities of debt (book value) 1,373  632  228  769  727 
Add: Long-term debt, excluding current maturities (book value) 8,486  6,590  6,686  3,253  3,246 
Total equity and debt 77,218  62,687  52,897  39,888  39,337 
Less: Cash and cash equivalents 3,616  2,542  3,316  3,379  1,795 
Less: Marketable securities 83  251  68  700  3,205 
Enterprise value (EV) 73,519  59,894  49,513  35,809  34,337 

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11), 10-K (filing date: 2015-02-12).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Stryker Corp.’s Annual Report.

3 2018 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 180.75 × 372,664,636

1 Data adjusted for splits and stock dividends.
2

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Stryker Corp.’s EV increased from 2016 to 2017 and from 2017 to 2018.