Stock Analysis on Net

Target Corp. (NYSE:TGT)

Enterprise Value (EV) 

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Current Enterprise Value (EV)

Target Corp., current enterprise value calculation

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Current share price (P) $166.97
No. shares of common stock outstanding 463,696,413
US$ in millions
Common equity (market value)1 77,423 
Total equity 77,423 
Add: Current portion of long-term debt and other borrowings (per books) 171 
Add: Long-term debt and other borrowings, excluding current portion (per books) 13,549 
Total equity and debt 91,143 
Less: Cash and cash equivalents 5,911 
Enterprise value (EV) 85,232 

Based on: 10-K (reporting date: 2022-01-29).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 166.97 × 463,696,413


Historical Enterprise Value (EV)

Target Corp., EV calculation

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Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Share price1, 2 $216.00 $178.58 $105.58 $77.12 $70.65 $55.02
No. shares of common stock outstanding1 462,418,075 498,616,180 500,961,951 516,333,213 538,796,010 552,675,341
US$ in millions
Common equity (market value)3 99,882  89,043  52,892  39,820  38,066  30,408 
Total equity 99,882  89,043  52,892  39,820  38,066  30,408 
Add: Current portion of long-term debt and other borrowings (book value) 171  1,144  161  1,052  270  1,718 
Add: Long-term debt and other borrowings, excluding current portion (book value) 13,549  11,536  11,338  10,223  11,317  11,031 
Total equity and debt 113,602  101,723  64,391  51,095  49,653  43,157 
Less: Cash and cash equivalents 5,911  8,511  2,577  1,556  2,643  2,512 
Enterprise value (EV) 107,691  93,212  61,814  49,539  47,010  40,645 

Based on: 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), 10-K (reporting date: 2017-01-28).

1 Data adjusted for splits and stock dividends.

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

3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 216.00 × 462,418,075

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. Target Corp. EV increased from 2020 to 2021 and from 2021 to 2022.