Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

United Parcel Service Inc. (NYSE:UPS)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

United Parcel Service Inc., current enterprise value calculation

Microsoft Excel LibreOffice Calc
Current share price (P) $215.67
No. shares of common stock outstanding 870,532,608
US$ in millions
Common equity (market value)1 187,748 
Add: Noncontrolling interests (per books) 12 
Total equity 187,760 
Add: Current maturities of long-term debt, commercial paper and finance leases (per books) 2,623 
Add: Long-term debt and finance leases, excluding current maturities (per books) 22,031 
Total equity and debt 212,414 
Less: Cash and cash equivalents 5,910 
Less: Marketable securities 406 
Enterprise value (EV) 206,098 

Based on: 10-K (filing date: 2021-02-22).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 215.67 × 870,532,608

Historical Enterprise Value (EV)

United Parcel Service Inc., EV calculation

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Share price1, 2 $161.60 $106.48 $111.76 $104.70 $107.72
No. shares of common stock outstanding1 867,038,529 858,487,676 860,228,976 861,614,779 870,029,643
US$ in millions
Common equity (market value)3 140,113  91,412  96,139  90,211  93,720 
Add: Noncontrolling interests (book value) 12  16  16  30  24 
Total equity 140,125  91,428  96,155  90,241  93,744 
Add: Current maturities of long-term debt, commercial paper and finance leases (book value) 2,623  3,420  2,805  4,011  3,681 
Add: Long-term debt and finance leases, excluding current maturities (book value) 22,031  21,818  19,931  20,278  12,394 
Total equity and debt 164,779  116,666  118,891  114,530  109,819 
Less: Cash and cash equivalents 5,910  5,238  4,225  3,320  3,476 
Less: Marketable securities 406  503  810  749  1,091 
Enterprise value (EV) 158,463  110,925  113,856  110,461  105,252 

Based on: 10-K (filing date: 2021-02-22), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-21).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of United Parcel Service Inc.’s Annual Report.

3 2020 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 161.60 × 867,038,529

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. United Parcel Service Inc.’s EV decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.