Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

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Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

United Parcel Service Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Noncontrolling interests (per books)
Total equity
Add: Current maturities of long-term debt, commercial paper and finance leases (per books)
Add: Long-term debt and finance leases, excluding current maturities (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Marketable securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

United Parcel Service Inc., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Noncontrolling interests (book value)
Total equity
Add: Current maturities of long-term debt, commercial paper and finance leases (book value)
Add: Long-term debt and finance leases, excluding current maturities (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Marketable securities
Enterprise value (EV)

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 United Parcel Service Inc. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×

Equity Trends
The common equity, measured by market value, reached its peak in 2021 at approximately 181.9 billion US dollars, before experiencing a consistent decline over the following years, ending at about 98.6 billion in 2024. This downward trend is mirrored by the total equity figures, which followed a similar pattern of increase through 2021 followed by a marked decline through 2024.
Total Equity and Debt
The combined total of equity and debt grew from 164.8 billion US dollars in 2020 to reach a high point of 203.8 billion in 2021. Subsequently, it diminished steadily each year, falling to 119.9 billion by the end of 2024. This movement indicates a reduction in the overall capitalization of the company after 2021, suggesting possible debt repayments or equity reductions.
Enterprise Value (EV)
The enterprise value increased from 158.5 billion US dollars in 2020, peaking at 193.2 billion in 2021, then progressively declined to 113.6 billion by the end of 2024. This pattern reflects the overall shrinking in company valuation on an enterprise basis, consistent with the decreases in total equity and combined equity and debt.
Overall Insights
Across the financial data, there is a clear peak in 2021 followed by a steady downward trajectory through 2024. This consistent decline in market value, total equity, combined equity and debt, and enterprise value suggests a contraction phase for the company post-2021. Possible factors may include market conditions impacting valuation, capital restructuring, or operational challenges affecting asset values and funding levels.