Enterprise Value (EV)
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Current Enterprise Value (EV)
Waste Management Inc., current enterprise value calculation
| 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 portion of long-term debt (per books) | |
| Add: Long-term debt, less current portion (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2021-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Waste Management Inc., EV calculation
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Waste Management Inc. Annual Report.
3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Equity Trends
- Common equity (market value) showed a consistent upward trend over the five-year period, increasing from 36,437 million US dollars in 2017 to 59,153 million US dollars in 2021. This represents notable growth, although there was a dip in 2020 where the value declined to 46,784 million US dollars from 52,762 million US dollars in 2019. Total equity followed an identical pattern and values, indicating no material differences between common equity (market value) and total equity.
- Total Equity and Debt
- The combined figure for total equity and debt grew steadily, with the total rising from 45,951 million US dollars in 2017 to 72,560 million US dollars in 2021. Similar to equity, there was a decrease in 2020, with the amount falling to 60,596 million US dollars from 66,262 million US dollars in 2019. This suggests that the company’s overall financing—equity plus debt—expanded substantially over the period but experienced a contraction around 2020.
- Enterprise Value (EV)
- Enterprise value tracked closely the total equity and debt figures, starting at 45,929 million US dollars in 2017 and increasing to 72,442 million US dollars by 2021. The change in EV mirrors the trends observed in financing structures, including a decline in 2020 corresponding to broader economic conditions. The closeness of EV to total equity and debt indicates alignment between market valuation and balance sheet figures.
- Overall Observations
- Across all key financial metrics—common equity, total equity, total equity and debt, and enterprise value—the company exhibited growth over the five-year span, indicating an expansion in market capitalization, equity base, financing, and overall valuation. The year 2020 stands out as an anomaly characterized by declines across these measures, likely reflecting challenges during that period. Recovery and growth resumed in 2021, reaching the highest reported values in the dataset.