Stock Analysis on Net

RTX Corp. (NYSE:RTX)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

RTX Corp., current enterprise value calculation

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Current share price (P) $92.93
No. shares of common stock outstanding 1,326,826,896
US$ in millions
Common equity (market value)1 123,302
Add: Preferred stock, $1 par value; none issued or outstanding (per books)
Add: Noncontrolling interest (per books) 1,612
Total equity 124,914
Add: Short-term borrowings (per books) 189
Add: Long-term debt currently due (per books) 1,283
Add: Long-term debt, excluding currently due (per books) 42,355
Total equity and debt 168,741
Less: Cash and cash equivalents 6,587
Enterprise value (EV) 162,154

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

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 92.93 × 1,326,826,896


Historical Enterprise Value (EV)

RTX Corp., EV calculation

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $92.24 $97.87 $95.27 $72.49 $156.20
No. shares of common stock outstanding1 1,326,826,896 1,464,954,584 1,492,330,987 1,519,478,134 865,308,981
US$ in millions
Common equity (market value)3 122,387 143,375 142,174 110,147 135,161
Add: Preferred stock, $1 par value; none issued or outstanding (book value)
Add: Noncontrolling interest (book value) 1,612 1,546 1,596 1,689 2,457
Total equity 123,999 144,921 143,770 111,836 137,618
Add: Short-term borrowings (book value) 189 625 134 247 2,364
Add: Long-term debt currently due (book value) 1,283 595 24 550 3,496
Add: Long-term debt, excluding currently due (book value) 42,355 30,694 31,327 31,026 37,788
Total equity and debt 167,826 176,835 175,255 143,659 181,266
Less: Cash and cash equivalents 6,587 6,220 7,832 8,802 7,378
Enterprise value (EV) 161,239 170,615 167,423 134,857 173,888

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 RTX Corp. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 92.24 × 1,326,826,896

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. RTX Corp. EV increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.