Enterprise Value (EV)
Current Enterprise Value (EV)
Uber Technologies Inc., current enterprise value calculation
| Current share price (P) | $83.78 |
| No. shares of common stock outstanding | 2,091,168,098 |
| US$ in millions | |
| Common equity (market value)1 | 175,198) |
| Add: Non-redeemable non-controlling interests (per books) | 825) |
| Total equity | 176,023) |
| Add: Current portion of long-term debt (per books) | 1,150) |
| Add: Finance leases liabilities, current (per books) | 136) |
| Add: Long-term debt, net of current portion (per books) | 8,347) |
| Add: Finance leases liabilities, non-current (per books) | 174) |
| Total equity and debt | 185,830) |
| Less: Cash and cash equivalents | 5,893) |
| Less: Short-term investments | 1,084) |
| Less: Restricted cash and cash equivalents | 545) |
| Enterprise value (EV) | 178,308) |
Based on: 10-K (reporting date: 2024-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 83.78 × 2,091,168,098
Historical Enterprise Value (EV)
Uber Technologies Inc., EV calculation
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Uber Technologies Inc. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 79.42 × 2,089,008,865
- Equity Market Value Trend
- The market value of common equity exhibited a significant decline from 101,084 million US dollars in 2020 to 68,152 million in 2021, representing a notable contraction. This value remained relatively stable into 2022, showing minimal increase to 68,739 million. However, a substantial recovery was observed in 2023, with the equity market value rising sharply to 169,006 million, followed by a slight decrease to 165,909 million in 2024.
- Total Equity Movement
- Total equity closely mirrored the trends in common equity market value, starting at 101,785 million in 2020 and declining to 68,839 million in 2021. It saw a marginal increase in 2022 to 69,473 million, then surged in 2023 to 169,785 million before slightly contracting to 166,734 million in 2024. The parallel movements suggest the market valuation and book equity maintained alignment over this period.
- Total Equity and Debt Analysis
- The combined total of equity and debt decreased from 109,669 million in 2020 to 78,376 million in 2021, showing a marked reduction. A slight increment took place in 2022 reaching 79,164 million. Subsequently, there was a pronounced increase in 2023 to 179,747 million, followed by a moderate decrease to 176,541 million in 2024. This pattern indicates a significant deleveraging or balance sheet contraction occurring in 2021 and 2022, reversed by considerable balance sheet expansion in 2023.
- Enterprise Value Development
- The enterprise value declined from 102,592 million in 2020 to 73,450 million in 2021, then registered a minor increase to 74,173 million in 2022. Thereafter, enterprise value increased substantially to 173,535 million in 2023 before slightly retracting to 169,019 million in 2024. The enterprise value trend aligns closely with equity and total capital metrics, indicating renewed investor confidence and market valuation growth in the later years after a period of contraction.
- Overall Insights
- The data reflects a distinct pattern of contraction in equity, total capital, and enterprise value primarily during 2021 and 2022, followed by a robust recovery and expansion in 2023. The moderate decreases in 2024 may indicate stabilization or minor correction after the significant growth. The synchronized movements of equity and enterprise value suggest consistent market perception and valuation dynamics relative to the company’s capital structure during the analyzed period.