Enterprise Value (EV)
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- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
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Current Enterprise Value (EV)
Target Corp., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Total equity | |
| Add: Current portion of long-term debt and other borrowings (per books) | |
| Add: Long-term debt and other borrowings, excluding current portion (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2025-02-01).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Target Corp., EV calculation
Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 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).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Target Corp. Annual Report.
3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Common equity and total equity trends
- Both common equity (market value) and total equity exhibit similar patterns, starting at approximately $52.9 billion in early 2020 and increasing substantially to reach nearly $100 billion by early 2022. Following this peak, a notable decline occurs, dropping to about $75 billion in early 2023. Slight fluctuations are observed thereafter, with a minor recovery to approximately $77 billion in early 2024, before falling sharply to around $48.9 billion by early 2025.
- Total equity and debt
- Total equity and debt rise from about $64.4 billion in early 2020 to a peak of roughly $113.6 billion by early 2022, reflecting an overall growth phase. However, from 2022 onward, the combined figure diminishes steadily, reaching approximately $64.8 billion by early 2025, which reflects a substantial contraction.
- Enterprise value (EV)
- Enterprise value follows a somewhat parallel trajectory to total equity and debt. Initially, it increases from about $61.8 billion in early 2020 to approximately $107.7 billion in early 2022. After the 2022 peak, the EV declines, reaching about $89.2 billion in early 2023 and 2024, before sharply falling to about $60.1 billion by early 2025.
- General observations
- The company experienced significant growth in equity and overall valuation through early 2022. Thereafter, there is a marked and continuous decline across all key financial metrics, with values in early 2025 roughly returning to levels observed in early 2020. This suggests a period of expansion followed by a contraction phase in market valuation, equity base, and enterprise value over the five-year span.