Stock Analysis on Net

Stryker Corp. (NYSE:SYK)

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Stryker Corp., current enterprise value calculation

Microsoft Excel
Current share price (P) $241.26
No. shares of common stock outstanding 378,154,080
US$ in millions
Common equity (market value)1 91,233
Add: Non-controlling interest (per books)
Total equity 91,233
Add: Current maturities of debt (per books) 7
Add: Long-term debt, excluding current maturities (per books) 12,472
Total equity and debt 103,712
Less: Cash and cash equivalents 2,944
Less: Marketable securities 75
Enterprise value (EV) 100,693

Based on: 10-K (reporting date: 2021-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 241.26 × 378,154,080


Historical Enterprise Value (EV)

Stryker Corp., EV calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Share price1, 2 $251.65 $245.34 $218.24 $180.75 $148.01
No. shares of common stock outstanding1 377,544,686 376,200,942 374,575,145 372,664,636 374,642,060
US$ in millions
Common equity (market value)3 95,009 92,297 81,747 67,359 55,451
Add: Non-controlling interest (book value) 14
Total equity 95,009 92,297 81,747 67,359 55,465
Add: Current maturities of debt (book value) 7 761 859 1,373 632
Add: Long-term debt, excluding current maturities (book value) 12,472 13,230 10,231 8,486 6,590
Total equity and debt 107,488 106,288 92,837 77,218 62,687
Less: Cash and cash equivalents 2,944 2,943 4,337 3,616 2,542
Less: Marketable securities 75 81 88 83 251
Enterprise value (EV) 104,469 103,264 88,412 73,519 59,894

Based on: 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), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

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

3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 251.65 × 377,544,686


Common Equity and Total Equity Trends
The common equity and total equity have demonstrated consistent growth over the five-year period. Starting from approximately $55.5 billion in 2017, these measures increased to roughly $95 billion by the end of 2021. This represents a substantial increase, suggesting a strengthening equity base and potential accumulation of retained earnings or capital injections during this timeframe.
Total Equity and Debt
Total equity and debt also exhibited a steady upward trend, rising from about $62.7 billion in 2017 to approximately $107.5 billion at the end of 2021. The growth in total combined capital indicates an expansion of both equity and debt financing components, reflecting possibly greater leverage or increased funding to support business operations or growth initiatives.
Enterprise Value (EV)
The enterprise value mirrored the overall growth seen in equity and total capital, increasing from nearly $59.9 billion in 2017 to approximately $104.5 billion in 2021. This progressive rise suggests enhanced market valuation and enterprise worth, likely attributable to improved operational performance and market confidence.
Overall Financial Trends
Across the observed period, all key financial metrics—common equity, total equity, total combined equity and debt, and enterprise value—show a clear, consistent upward trajectory with no periods of decline. This trend indicates continuous financial growth, potentially supported by robust business fundamentals and strategic financial management. The convergence between common equity and total equity figures implies that equity structure remained straightforward, without significant changes in preferred equity or other equity classifications.