Stock Analysis on Net

Union Pacific Corp. (NYSE:UNP)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Union Pacific Corp., current enterprise value calculation

Microsoft Excel
Current share price (P) $245.93
No. shares of common stock outstanding 609,777,914
US$ in millions
Common equity (market value)1 149,963
Total equity 149,963
Add: Debt due within one year (per books) 1,423
Add: Debt due after one year (per books) 31,156
Total equity and debt 182,542
Less: Cash and cash equivalents 1,055
Enterprise value (EV) 181,487

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 245.93 × 609,777,914


Historical Enterprise Value (EV)

Union Pacific Corp., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $249.45 $205.50 $242.39 $204.20 $183.83
No. shares of common stock outstanding1 609,777,914 611,872,981 636,898,957 669,829,363 690,261,490
US$ in millions
Common equity (market value)3 152,109 125,740 154,378 136,779 126,891
Total equity 152,109 125,740 154,378 136,779 126,891
Add: Debt due within one year (book value) 1,423 1,678 2,166 1,069 1,257
Add: Debt due after one year (book value) 31,156 31,648 27,563 25,660 23,943
Total equity and debt 184,688 159,066 184,107 163,508 152,091
Less: Cash and cash equivalents 1,055 973 960 1,799 831
Enterprise value (EV) 183,633 158,093 183,147 161,709 151,260

Based on: 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), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

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

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 249.45 × 609,777,914

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. Union Pacific Corp. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.